Kak
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I filmed this video for the forum because I wanted to show an example of where value goes to die. What starts as a pretty lucrative deal becomes....
This is close in numbers to a deal was recently considering. The one thing I have made in China. The tariffs would have popped up during the production process. It would have already been in motion. I would have also had to carry nearly 50 grand of this gross deal for 120 days if everything went smoothly. For 6 grand that I would get to keep. This deal died on timing, the client drug feet on a down payment to the point where I wasn't comfortable with their delivery schedule... I am sure glad that happened.
That 25% doesn't sound like much, but it is HUGE when it is slapped right in the middle of a supply chain. My effective tax rate on this deal would have been 70%.
You get 6 thousand dollars for your hard work and risk.
The government gets 14 thousand because you'll go to jail if you don't.
This is close in numbers to a deal was recently considering. The one thing I have made in China. The tariffs would have popped up during the production process. It would have already been in motion. I would have also had to carry nearly 50 grand of this gross deal for 120 days if everything went smoothly. For 6 grand that I would get to keep. This deal died on timing, the client drug feet on a down payment to the point where I wasn't comfortable with their delivery schedule... I am sure glad that happened.
That 25% doesn't sound like much, but it is HUGE when it is slapped right in the middle of a supply chain. My effective tax rate on this deal would have been 70%.
You get 6 thousand dollars for your hard work and risk.
The government gets 14 thousand because you'll go to jail if you don't.
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