There are many models to look at and ones AGI is a wide personal range.
A family of 3 in Mississippi has an average AGI half of that as someone in the NE.
In your number, no, it would be much lower percent as AGI increases.
I should have quantified it more...just tricky as the numbers are all over the place.
Its why the articles target Walmart Shoppers as being hit first.
Everything is so globally interconnected, that the increased costs of goods coming in, plus the decreased sales on goods be exported will hit almost everything we buy and use.
Example the Paper we buy here may be made here, but the chemicals to make, may be overseas.
An iphone has parts from 25 countries....different affect.
An LED bulb could increase from 25%-35%, or BOM on a Pinball could increase overall what? 5%-10%? more?
So any numbers in reading are all over the place, depending also on Political perspective, and Personal
numbers. In your personal example, it might only be 2%.
I just know that when I was bidding on National orders, Quality, Price, and Lead time, were insanely integrated with Country and duty. The variances in duty from 0%-6.5%, so I was always shifting production around Asia and Mexico. 25%, is a number that is likely more scary to me than others.