Quote:
Originally Posted by Bladewire
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 |
Here is the kicker.. Trump essentially wants these companies to pay 0%. Take Ford as example..
The base tax rate is 35% they paid 15%. Meaning as you said they didn't pay 20% of their actual tax debt. Now drop that tax rate to 15% "BEFORE" deductions and now they are paying zero fucking taxes.
This is the big busines coup of the USA under the Trump admin, this is what Republicans have been pushing for since Reagan. They want the 1% and big business to pay zero taxes and push the entire burden on to the workingman.. Robbie is of course 100% ok with this as are all the other GFY Russians (I mean Republicans)..
Because.. rah, rah fuck the country GOOOO TEAM!!! They will bankrupt the US but they don't care.. They can't think past 5 mins in the future..