Quote:
Originally Posted by Robbie
Think about the math...Trump threatened them with a 35% tariff on cars coming into the U.S. from that plant.
Then add in the tax rate for corporations. Trump lowers it from 35% to 15%
So that's already saving 55% as opposed to Mexico's 40% savings.
Then add in the elimination of some of the regulatory restrictions that have been put in place over the past 8 years.
Ford will be making MORE money by building in the U.S. under Trump.
That's the whole point. 
Make the United States the number one place to put your business and build your products. |
So America loses 20% tax from Ford. Last year Ford paid $3billion in taxes so that's $600,000,000 in lost revenue to build bridges, fix roads, etc. Where is that money recouped?
My calculation is based on the document below and assuming that the difference between $7.4B net and $10.8B pretax income is based on paying roughly $3billion in taxes
https://media.ford.com/content/fordm...inancials.html