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 |
No, they GAIN tax revenue. You aren't thinking this through.
New jobs created, new investment in Michigan.
Companies that service the employees: restaurants, bars, gas stations, convenience stores, grocery stores, etc. all making more money and hiring new employees themselves to handle the extra business.
All of that creates revenue that will be taxed.
What's the use of taxing Ford 35% of nothing as opposed to taxing them 15% of a company building in the U.S. plus the expanded tax base that will be created?
Don't we WANT companies to build and hire in the U.S.?
The alternative is what we've had for the last couple of decades as company's have fled the U.S. for greener pastures.
The U.S. should BE the greenest pasture of them all...right?