Jeppo
Bold inspired solutions for America 😂
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Not if’n the math I lurned in grahamer skule stil wurks.Yep. If he pulls that one off, then we will all wish we had bought more at current prices. a 50% excise tax at the manufacturer level will turn into much more than 50% by the time it hits retail pricing.
Let’s say 9 ball now costs 30 cents at the factory and retails for 60 (30 x 2). A 50% tax would add another 15 cents, bringing the factory selling price to 45 cents. With the same markup, that round would now be retailed at 90 cents. In both cases, the tax represented 1/3 of the selling price. Naturally, while the percentage of tax is the same, in absolute terms, consumers would end up paying 30 cents more thanks to a tax of 15 cents paid by the producer. And retailers’ gross profits will have gone from 30 to 45 cents.
Of course, sales tax on top of the excise tax would make this a happy event for state and local taxing authorities.
Anyway, I think competition from Cheaper than Dirt will help keep prices low. 🤓
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