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Started By
Message
re: Treasury has surplus in June as tariff revenues surge - crazy SOB did it
Posted on 7/11/25 at 6:20 pm to SlowFlowPro
Posted on 7/11/25 at 6:20 pm to SlowFlowPro
quote:
I'm educating ignorant fricks, actually
You are not educating anything
You are panicking cause you are always wrong and have the most severe TDS
We see Flats is also a dumbarse as usual
1
Posted on 7/11/25 at 6:33 pm to SOSFAN
quote:
Funny how many posters predicted nothing but doom and gloom for Trump's tarrifs yet we have something positive and now we get the " we'll it's only 1 month" followed by the " but, but, but" crowd.
Because tariffs have little to do with the June surplus. We collected roughly $4 B more in June than in May with tariffs. In May we had a $314 billion deficit and a surplus in June. So clearly the surplus is due to other things like assigning June costs to May.
This post was edited on 7/11/25 at 7:05 pm
Posted on 7/11/25 at 7:02 pm to prplngldtigr
Another win for Trump
Posted on 7/11/25 at 7:06 pm to Ten Bears
quote:
We collected roughly $4 B more in June than in May with tariffs. In May we had a $314
So we collected $4 billion more in June than May but let's not give the tarrifs any credit. Guess we shouldn't give the usaid contracts we canceled any credit either huh
Posted on 7/11/25 at 7:07 pm to Ten Bears
quote:
Because tariffs have little to do with the June surplus. We collected roughly $4 B more in June than in May with tariffs. In May we had a $314 billion deficit and a surplus in June. So clearly the surplus is due to other things like assigning June costs to May.
Get out of here with that math & shite. The crazy SOB did it!!!!!
Posted on 7/11/25 at 7:21 pm to prplngldtigr
Posted on 7/11/25 at 7:26 pm to Paddyshack
quote:Thw questionI responded to was donI have a reading comprehension problem. So the answer was and remains “no”.
So is that a “no” ?
quote:Well, either one believes that, or this thread is silly. I won’t guess what other people think.
No one has claimed that we have balanced the budget?
Posted on 7/11/25 at 7:33 pm to FluffyBunnyFeet
quote:"We don't have any diagreement with Democrats on how much we spend, just on what we spend it on". The GOPE wins again.
If citizen Trump is shelling out a ton of cash, the safe bet is that he's spending it to get something that will ROI.
There's good debt and bad debt
Posted on 7/11/25 at 7:45 pm to SOSFAN
quote:That "increase" amount to 0.065% of our annual spending. So if you want to cheer that... ok!
So we collected $4 billion more in June than May but let's not give the tarrifs any credit.
Posted on 7/11/25 at 7:50 pm to Obtuse1
quote:
Tafiffs are effectively a tax on American businesses and consumers since the importer is responsible for the payment. (it is possible that importers can use it for downward proce pressure for the suppliers)
As long as the tariffs were on the left side of the Laffer curve it would produce more revenue, simple economics.
If the goal is increasing American manufacturing, what you want to see is a knee down in imports (which may or may not cause an increase or decrease in revenue depending on the amount of the tariff). The reduction in imports is the metric which, if it goes down, gives American manufacturers and would-be manufacturers an idea of if they can expend the CAPEX and ramp up production of a given widget and be financially successful.
Revenue alone isn't a very good metric to consider IF your goal is to increase domestic manufacturing. If revenue is the goal just cranking up every tax until you hit the peak of the Laffer curve is all you need to do, but I didn't think that was the goal. This is just an indication that more taxes create more revenue.
if you think that a majority of this board can 1. understand and 2. follow this completely relevant and true logic, then i don't know what to tell you...
I totally agree with you, and your reasoning and logic are solid as hell, but c'mon man... there are many here needing a fricking dictionary to understand half the words you just used
Posted on 7/11/25 at 7:54 pm to SDVTiger
quote:
But Tariffs!!!! Rogerthedumbarse
poor roger the cuckler/panican. he is so depressed right now somewhere in a cabin in alaska practicing for naked and afraid.
Posted on 7/11/25 at 8:10 pm to Fat Bastard
Looking at a used boat wondering if he will ever recoup a 15 percent.
Posted on 7/11/25 at 8:23 pm to SDVTiger
quote:
You are not educating anything
You are panicking cause you are always wrong a
And yet you can't explain why.
I even predicted this retarded comeback in the original thread on this subject
quote:
And this is one of those threads where I'm already shown to be right and people like you will claim I'm never right.
Posted on 7/11/25 at 8:23 pm to SOSFAN
quote:
So we collected $4 billion more in June than May but let's not give the tarrifs any credit.
Are you giving them credit for the $300B+ deficit in May, too?
Posted on 7/11/25 at 8:26 pm to Flats
quote:
I don't think I've ever seen the right side of the aisle get such a chubby over the government collecting more tax revenue, but here we are.
I think the right would applaud an increase in revenue if it wasn't the result of an increase in tax rates. Without seeing the breakdown in revenue to see which streams increased, it's hard to make any comments.
Federal quarterly estimated tax payments are due June 15th. Are self employed and others that make estimated tax payments making more money this year requiring them to increase their estimates? If so, that's a positive. Are employees making more increasing withholding? Another positive.
If the increase is strictly due to the new tariffs, we need to wait and see what happens with inflation. Are retail prices increasing to cover the full amount of the tariffs? Are retailers eating the cost? Are the foreign sellers lowering their prices so that the landed cost is the same?
Posted on 7/11/25 at 8:30 pm to SlowFlowPro
quote:
When was our last month of 300B deficits outside of Covid?
Understood. However, non responsive.
Posted on 7/11/25 at 8:31 pm to Obtuse1
Lol, the Importer doesn't have to pay it dude. You act as if the importer is helpless in the whole thing. You really need to rethink your business knowledge. The importer is the customer and can negotiate or shop elsewhere. In most of these situations where their isn't a monopoly the exporter will eat the tarrif and be excited to do it.
Posted on 7/11/25 at 9:13 pm to Hitman67
quote:
Lol, the Importer doesn't have to pay it dude. You act as if the importer is helpless in the whole thing. You really need to rethink your business knowledge.
I have literally thousands of off shore manufacturing delivery contracts sitting around in my firm's file and I pretty much gaurantee you I have seen and litigated more of them than you ever will.
The importer is responsible for the payment of tariffs, and any customs duties and fees. It is as simple as that. As I noted, you can use this as downward price pressure with the manufacturer but there is a rub regarding this thread. The majority of value coming from China is in white labeled goods with high BOQs. Those goods in most segments have a 6-9 month onshoring time from contract signing. That means most of the tariffs represented in the OP were on goods deliveries contracted for before the tariffs existed, so there was no way to use them to negotiate price. The lack of ability to negotiate the majority of contracts means a big portion of the revenue increase is directly on the backs of US companies and consumers. Keep in mind if the US companies eat part or all of the tariffs then it has a downward pressure on their profit and thus corporate income and taxes. This celebration may be just about a balloon being squeezed on one end.
I am all for protectionist level tariffs which I hate. I do not think for the most park they are high enough at present (~33% on average) but that is high enough to shift manufacturing to places like Vietnam and India which by itself I see as a good thing (in terms of US hegemony) but likely at least in the short term bad for US consumers (those companies will take a lot of time to reach Chinese profeciency in things like electonics ie TVs). However, I don't see the current state as driving shoring or reshoring manufacturing except on the fringes.
I am mainly discussing China, other countries are a different animal with different products (both sector and quality/price). I can discuss most Euro countries if you care to but as I said the same factors are quite different than China.
Posted on 7/12/25 at 1:23 pm to Jbird
Posted on 7/12/25 at 1:31 pm to prplngldtigr
"unexpected"
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