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Tariffs vs. Taxes: What’s the Difference and Who Pays?

2025-07-04 Education
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Minority Mindset
Minority Mindset
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Subscribe to Market Briefs (my daily financial newsletter) for FREE & get my investing masterclass as a bonus: https://link.briefs.co/41nmyA8 My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Get a complimentary advisor session 1) 💰 Money Pickle - Best for retirement, investing & tax strategy: https://theminoritymindset.com/advisor ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise* - Invest in real estate passively! https://www.theminoritymindset.com/fundrise *Jaspreet Singh is an equity owner in Fundrise and has invested in Fundrise. He receives a commission if you use his affiliate link. ---------- ➤ My Favorite Credit Cards 4) 🪪: See my top credit card picks for this month: https://www.theminoritymindset.com/creditcards ---------- ➤ Invest In Stocks Passively 5) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ Business Accounting 6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/tax ---------- Buy Gold Passively 7) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- Recommended: Buy These 5 Assets To Replace Your Paycheck & Never Work Again https://youtu.be/6vITBkloyLA What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Top Comments (10)

@SHAROOQGAMERBOYYT 2025-07-04

What shocked me wasn’t what Black Algorithm How to Escape the Money Matrix says, it was how much I already felt it but couldn’t explain it. This book gave words to my quiet frustration with life, money, and the system. I wish I read it sooner.

137 16 replies
@ko152Rq 2025-07-04

How can we block the bots that spread that crypto crap? Its annoying! Love your videos!

18 1 replies
@markamark123 2025-07-04

thank you random guy on youtube

9
@esperanza6f4136 2025-07-04

Never thought a YouTube vid would flip my whole investing game. That’s why I’m here

6
@MinorityMindset 2025-07-04

Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/86b570 WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

5
@Upper_Room_Studios 2025-07-04

You forgot to add the other scenario that will happen with tariffs. He said that if the cost go up 20% and they can pass that on to the consumer. But you forgot to add that there would be a 20% tariff and the company would increase their cost to 30% and then tell the consumer “Oh my God!! Tariffs! Am I right?!” and therefore they increase their revenue. That is what I think is happening. Also, companies that are not affected by tariffs will raise their prices and blame it on tariffs.

4 1 replies
@kimberlyj2724 2025-07-04

I absolutely love and appreciate your channel. You break everything down in laymans terms so that I understand and can make good financial decisions. ❤❤❤❤😊😊😊

4
@GeoFry3 2025-07-04

The consumer pays all corporate taxes and tarrifs, or they refuse to buy the product or service. The corporations do not pay taxes as it is baked into the price.

2
@supermax5000 2025-07-04

I like how you explain taxes vs tariffs

0
@slipnorris5882 2025-07-04

thanks for the break down.

0

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