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![zantar9 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::103405651.png) victor myers [@zantar9](/creator/twitter/zantar9) on x XX followers
Created: 2025-07-23 15:37:13 UTC

@profstonge The tariffs are a tax added to cost of goods sold, imposed on business before they even figure a profit margin. Here’s GM latest income statement released yesterday. Notice the increase in cost of goods sold and reduced net income.

![](https://pbs.twimg.com/media/GwjYXhPX0AIOedz.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948044740332851512/c:line.svg)

**Related Topics**
[balance sheet](/topic/balance-sheet)
[tax bracket](/topic/tax-bracket)
[tariffs](/topic/tariffs)

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