CAGOP Chairman 07-11, Presidential spox for @TedCruz in โ16. Senior advisor in โ18. Almost CA Lt. Gov. in โ14. I lecture on politics and explain it on TV. ๐บ๐ธ
I just bought a $1999 refrigerator.
It would have been about $1649 if not for the federal tariffs tax which I (not โSouth Koreaโ) paid.
I also paid $155 in sales tax.
Total cost $2154. Of which 25% is tariff tax and sales tax.
To pay for it, I had to earn $3,420 in gross salary, of which $1266 went to fed and state taxes.
So for $3,420 in labor I got a refrigerator worth $1,649 (48%).
52% went to the government in taxes.