This graph dosen't explain why Tesla's tax rate is 1.5%.
pegw wrote:
This graph dosen't explain why Tesla's tax rate is 1.5%.
I don't know what Tesla's tax rate is but I do know that the push for electric vehicles has caused lots of changes, one of which is to subsidize the manufacture of them. Remember what I said about subsidies tend to produce more of whatever is being subsidized. Lower taxes is a form of subsidizing, as is increasing the cost of gasoline by stopping drilling and halting the construction of pipelines. I'm sure you remember that.
F.D.R. wrote:
BS !! The way to reduce the deficit is to reduce spending. There's a video on YouTube by Rand Paul citing 6,000 pork projects in the latest budget. Did you know that we spent more than a billion dollars to see if mice get drunk? In every budget there are hundreds if not similar items, it's no wonder we're going broke.
Too bad there aren't more congressmen like Rand Paul. He's a hero for the little guy.
Jim0001
Loc: originally from Tennessee, now Virginia, USA
Airforceone wrote:
That’s because Reagan/Bush/Trump all cut taxes for the wealthy which caused this massive deficit. (TRICKLE DOWN NEVER TRICKLED DOWN) then add in Bush two phony wars and that makes up almost 80% of our national debt. So they should pay it back.
You forgot to blast Christian conservative gun owning southerners.
Jim0001
Loc: originally from Tennessee, now Virginia, USA
pegw wrote:
Check out these facts:
Tesla's tax rate is 1.5%, GM is 4%, Tmobile is 0.94%, and GE is -6%. So I am all for a flat rate for all these companies who don't pay their fair share.
Raise corporate taxes and they will simply go offshore AGAIN. It's a proven fact, Ethel.
AuntiE posted on the previous page (page 2), a graph by the Heritage Foundation's IRS statistics: "Do the Rich Pay their Fair Share?" The top 1% pay 40% of all income taxes. ($540,000+)
A picture is worth a thousand words.
The difference between Rich and Poor is Knowing the difference between what we can do for ourselves and what we can't.
"Welfare for the masses is the alibi of tyrants." Albert Camus
The easiest way to cure the world of disease and poverty is to wipe out every communist from the face of the earth.
Communism (and socialism is its stepping stone) has never worked in the past, it does not work now, and it will never work in the future. Marx never never intended it to work. It is a bait and switch game to kill humanity.
This Laffer Curve demonstrates when personal income Taxes reach 33% or more, the entire economy collapses.
https://upload.wikimedia.org/wikipedia/commons/thumb/e/e8/Laffer_curve.svg/1280px-Laffer_curve.svg.pngWe have to have some taxes to support good government, law and order and national defense and funding our infrastructure, of course, but there is a limit before we destroy the country with a top-heavy bureaucracy. We need to privatize most of our 600 unconstitutional bureaucracies and consult them on an as-needed-basis.
Centralized planning (socialism/communism - despotism) does not work.
Let us all humble ourselves with our different gifts to contribute to society. Which would you prefer, 8 billion of us morons making our own decisions, or one moron making all the decisions?
Justice101 wrote:
If you itemize your taxes, there's a $10,000 cap on SALT deduction.
Is that what hurt you?
No, the 2017 Trump “tax cuts “ hurt my wife and I.
Jim0001 wrote:
Raise corporate taxes and they will simply go offshore AGAIN. It's a proven fact, Ethel.
They already are offshore. How do you think they are getting away with paying less taxes? My cousin is doing it and she isn’t even a millionaire.
tomhoff24 wrote:
No, the 2017 Trump “tax cuts “ hurt my wife and I.
Well his tax cuts helped my family, my friend and me..
Coos Bay Tom wrote:
https://thehill.com/homenews/administration/4522786-biden-budget-proposal-would-raise-taxes-on-large-corporations-lower-deficit-over-10-years/
More inflation via higher taxes.
Remember higher the past when taxes were increased, manufacturing left and prices increased
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