Re: Philadelphia passes a tax on soft drinks
Posted:
Fri Jun 17, 2016 3:07 pmby vendic
It's a 1.5 cent tax per ounce.
"The tax will be levied on distributors. Only time will tell how much will trickle down to consumers. But all in, it could add up to 18 cents to the cost of a 12-ounce can, $1 to the cost of a 2-liter container, and $2.16 to the cost of a 12-pack."
It could add up to 18 cents to the cost of a 12 ounce can...
wow. so adding 18 cents to a 12 ounce can could raise the price by as much as 18 cents per can?
Who would have figured. lol
Re: Philadelphia passes a tax on soft drinks
Posted:
Sat Jun 18, 2016 4:41 pmby SciFiFisher
vendic wrote:It's a 1.5 cent tax per ounce.
"The tax will be levied on distributors. Only time will tell how much will trickle down to consumers. But all in, it could add up to 18 cents to the cost of a 12-ounce can, $1 to the cost of a 2-liter container, and $2.16 to the cost of a 12-pack."
It could add up to 18 cents to the cost of a 12 ounce can...
wow. so adding 18 cents to a 12 ounce can could raise the price by as much as 18 cents per can?
Who would have figured. lol
Yer an Engineer ain't ya.
Re: Philadelphia passes a tax on soft drinks
Posted:
Sat Jun 18, 2016 5:13 pmby vendic
Some of the things reporters write just astound me.
Re: Philadelphia passes a tax on soft drinks
Posted:
Sat Jun 18, 2016 10:51 pmby geonuc
I don't get your sarcasm. The reporter did the math for people (1.5 x 12 = 18). What's wrong with that?
Re: Philadelphia passes a tax on soft drinks
Posted:
Sun Jun 19, 2016 12:02 amby vendic
But all in, it could add up to 18 cents to the cost of a 12-ounce can
If everyone in the supply chain doesn't lose or gain profit, it will be 18 cents per can more.
The only way to have less than 18 cents per can is if companies absorb the tax.
The minimum practically though, it will be passed on.
Or what is most likely, adding their percentage to it thus costing more than 18 cents per can.
The reporter is saying it could add up to 18 cents, the reality is, it will be a minimum of 18 cents, not a maximum.
Hence the sarcasm.
*edited for clarity*
Re: Philadelphia passes a tax on soft drinks
Posted:
Sun Jun 19, 2016 3:21 pmby SciFiFisher
vendic wrote: But all in, it could add up to 18 cents to the cost of a 12-ounce can
If everyone in the supply chain doesn't lose or gain profit, it will be 18 cents per can more.
The only way to have less than 18 cents per can is if people absorb the tax.
The minimum practically though, it will be passed on.
Or what is most likely, adding their percentage to it thus costing more than 18 cents per can.
The reporter is saying it could add up to 18 cents, the reality is, it will be a minimum of 18 cents, not a maximum.
Hence the sarcasm.
IOW the reporter was inaccurate. And quite probably misleading because they are incorrectly assuming that the maximum cost added would be 18 cents per can.
And the reason I accused Vendic of being an engineer is because he noticed that.
Re: Philadelphia passes a tax on soft drinks
Posted:
Sun Jun 19, 2016 4:50 pmby vendic
When you do crazy cost analysis regularly and come across this problem all the time, it really stands out.
e.g. The last card I designed cost $70 US on parts excluding PCB and loading, as I priced it.
It came out to $475 Australian when built.
The reason is that when the exchange rate favors the US dollar, the companies add to the component cost, the customer wears it.
When the Australian dollar is more favorable, they don't change their margins and make a little more profit, the customer wears it.
Do this cycle a few dozen times and the next thing you know the components are 5 times the price of what the exchange rate calculations fall at.
Also, the government hits the landed parts with GST, which is meant to just be passed on to the consumer.
The companies instead mark up their part with GST so they are marking up consumer cost by adding a profit to the tax.
Same things happen with shipping.
If it costs $50 per component type to ship, they tack $50 to each component type. They however ship them together not separately so the real shipping cost becomes more like $5 per type but the customer just paid $50 and the company pockets the difference.
My manufacturer recently lost a lot of work because he quoted Australian suppliers instead of US suppliers. Between us we worked out where they got their figures from because he tracked the parts cost vs the exchange rate and shipping over the last few years. Needless to say my customer flipped when the cost came out to 4 times what I estimated.
Then the distributor comes over in their new car (for this year) to find out why he lost another manufacturer.
Well shit fur brains, when I price a part at $1.70 US and you want to sell it to me in bulk (1000 off) for $11 Australian, my response is fuck you. When you do that for all the other parts as well, you just lost my business forever.
Oops, this was the good news thread, so, the good news is, we're not using that rip off supplier.
He'll close down soon like the last asshole supplier that was supplying counterfeit parts and refusing to exchange them. They sounded like a good deal to him at the time but he wanted his customer to pay the risk if his profit making scheme failed. Yes, this happened to me and I got burned for his mistakes. The guy lost all my work, my manufacturer stopped dealing with him and word got round fast. He closed his doors about a year later. A business his father built up with trust over decades gone in a year under the son's greed.
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 11:06 amby Sigma_Orionis
Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 2:00 pmby SciFiFisher
Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
And not all of us are sure that is good news.
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 2:06 pmby vendic
Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 2:40 pmby Sigma_Orionis
Complain? nah, just stating the obvious
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 2:41 pmby SciFi Chick
vendic wrote:Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
I know. That's pretty impressive coming from the master derailer himself.
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 3:15 pmby Sigma_Orionis
SciFi Chick wrote:vendic wrote:Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
I know. That's pretty impressive coming from the master derailer himself.
Oh, I'M the master derailer huh?
Re: Philadelphia passes a tax on soft drinks
Posted:
Mon Jun 20, 2016 5:56 pmby SciFiFisher
Sigma_Orionis wrote:SciFi Chick wrote:vendic wrote:Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
I know. That's pretty impressive coming from the master derailer himself.
Oh, I'M the master derailer huh?
Everyone has a talent. Some people are just naturals.
Re: Philadelphia passes a tax on soft drinks
Posted:
Tue Jun 21, 2016 2:27 amby Sigma_Orionis
SciFiFisher wrote:Sigma_Orionis wrote:SciFi Chick wrote:vendic wrote:Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
I know. That's pretty impressive coming from the master derailer himself.
Oh, I'M the master derailer huh?
Everyone has a talent. Some people are just naturals.
HEY! who let Quicksdraw in?
Re: Philadelphia passes a tax on soft drinks
Posted:
Tue Jun 21, 2016 2:30 pmby SciFiFisher
Sigma_Orionis wrote:SciFiFisher wrote:Sigma_Orionis wrote:SciFi Chick wrote:vendic wrote:Sigma_Orionis wrote:Wow Zee, that's incredible. Nevertheless, Not only this is the good news forum, it's also a thread about Philadelphia Taxing sodas though
Hold on, did you just complain that a fwis thread got derailed?
I know. That's pretty impressive coming from the master derailer himself.
Oh, I'M the master derailer huh?
Everyone has a talent. Some people are just naturals.
HEY! who let Quicksdraw in?
That's Mister El Ka Bong! And you should know Baba Looie.
Re: Philadelphia passes a tax on soft drinks
Posted:
Thu Jun 23, 2016 3:54 pmby SciFiFisher
That guy goes through a lot of guitars.
Re: Philadelphia passes a tax on soft drinks
Posted:
Thu Jun 23, 2016 8:09 pmby Sigma_Orionis
I guess they're cheap ones
Re: Philadelphia passes a tax on soft drinks
Posted:
Thu Jun 23, 2016 8:28 pmby vendic
Hey, can we tax stupidity?
Re: Philadelphia passes a tax on soft drinks
Posted:
Thu Jun 23, 2016 8:53 pmby Swift
vendic wrote:Hey, can we tax stupidity?
We already do... it's called the lottery.
Re: Philadelphia passes a tax on soft drinks
Posted:
Thu Jun 23, 2016 8:58 pmby vendic
lol
You can't win it if you're not in it!