re: “Globalization is the redistribution of American wealth to foreign countries.”

Who said this;

“There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.”

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List is on your receipt as a tax and see how that goes.

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LINK ]Are Import Tariffs Tax Deductible?


The question of getting tax breaks on import tariffs is common for importers.

Business vs. Personal Deductions

For those shopping overseas, sorry, the fees aren’t deductible for personal use. But, if you own a business and import goods for selling or using in your operations, you’re in a better position.

Companies can consider deductible import fees in their operation costs. This method can lower your taxable income. The IRS allows this deduction for goods meant for business purposes. So it’s a win for businesses thinking about adding import tariffs to tax write-offs in their annual taxes.

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Idiots, the lot of ya.

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Very informative. Would read again.

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I never understood Nixon's calculus for "going to China." Nixon was usually pretty shrewd when it came to foreign policy, but him opening up China made no sense. (I suspect he did it to put pressure on the Soviets, but as we look back now it was a mistak

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Nixon did it to drive a wedge between the Soviet Union and China making it easier to get a better peace deal with the North Vietnamese and thus guaranteeing himself a 2nd term.

You want me t read your bolded part, but you won't read mine?

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...adding import tariffs to tax write-offs

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There's no secret that tariffs are taxes. It's literally in every single definition - if you would bother to actually look.

The problem is that your ideology has got you all boxed in. You can't bring yourself to support a new tax because it goes against your principles, so you have to rationalize your position and call it a 'leverage tool'. I get it.

What you may not understand is how transparent you are with this.

The take-away is that perhaps you could learn not to be so ideologically dogmatic. You may think it makes you look principled, but it ends up only making you look like the tool.

And remember:

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What Is a Tariff?

Tariffs are direct taxes imposed by a government on goods and services imported from or exported to a different country. The reason for imposing tariffs on imported goods is to drive up the cost of foreign-produced goods, thus protecting domestic manufacturers.

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Good luck in your future endeavors.

When I buy a new truck for my business it is a tax write off.

But it's not a tax.

It's an expense.

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I am not "America First" is not a principle. It's a silly talking point NPCs repeat and can't define, like "globalism", "lawfare", "Deep State", etc.

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Who can’t define those things?

Is that really what you’re holding onto? The beliefs that common MAGA terms are without definition? Yeesh. Boy are you off base!

I just plugged them into the googles and had definitions within .2 seconds.

Let me know what else you’re struggling with.

And just because it’s not your principle doesn’t mean it isn’t someone else’s. Coming across a little judgy and elitist.

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No country has benefited from "globalization" as much as the US.

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This is false.

You are either ignorant, or you are a liar.

China has benefited the most, period, end of discussion.

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Their GDP has outpaced ours by 500% over the last 20 years.

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This is another good point that will be ignored because it destroys their witty retort of "Do you want our economy to be like theirs?"

I think 500% growth in 20 years would be pretty neat, but I like to look at the whole picture. The people against tariffs can only make a direct comparison of today's GDP.