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Thread: Tax law may send factories and jobs abroad

  1. #41
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    Quote Originally Posted by NeoVsMatrix View Post
    sales tax are.. but that's it. If the company has their international "headquarters" in Ireland, they move their non-US "profits" to the Ireland entity.. and if they want the money in the US, the Trumps will generously allow them to do so at 10.5% corporate tax.

    I can't believe you didn't get this concept over all the past years.. and STILL not today. But you can't stop yourself from commenting on those topics all the time.
    Mr. NeoVsMatrix,

    Verses leaving their profits in Ireland and paying 0% tax?

  2. #42
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Miller47 View Post
    All is not gloom and doom, no matter what some members want to believe.

    Japanese automakers Toyota and Mazda on Wednesday announced plans to build a $1.6 Billion joint-venture plant in Alabama that eventually will employ about 4,000 people.

    Several states had competed for the coveted project, which will be able to turn out 300,000 vehicles per years and will produce the Toyota Corolla compact car for North America and a new small SUV from Mazda.

    To entice manufacturers, Southern states have used a combination of lucrative incentive packages, low cost labor, and a pro business labor environment since the United Auto Workers union is stronger in Northern states.

    bloomberg.com
    Isn't it odd that they didn't build their plant in Ohio or Michigan? With all the experience skilled automakers there? <cough, cough> UNION

  3. #43
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    Quote Originally Posted by Southern Dad View Post
    Isn't it odd that they didn't build their plant in Ohio or Michigan? With all the experience skilled automakers there? <cough, cough> UNION
    Unions don't just drive jobs out of America.

    They also drive them away from the northern states.

    The southern states benefit.
    Thanks from Southern Dad

  4. #44
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Miller47 View Post
    Unions don't just drive jobs out of America.

    They also drive them away from the northern states.

    The southern states benefit.
    GM Doraville and Ford Hapeville both were union and closed. One moved production to Mexico and the other to Canada. On the positive side, non-union Kia is in West Point.

  5. #45
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    Quote Originally Posted by Southern Dad View Post
    No, it's not. You know that the bottom 45% plus aren't paying any federal income taxes. They'll pay some social security and medicaid but they aren't paying federal income tax.
    Southern Dad, you're faulting USA's “bottom” 45% for not paying federal income taxes? You and all of your children paid federal income taxes each year from the day of their birth? If a large segment of USA's working population's, (the working-poor's) incomes are insufficient, isn't that a failure of our economy?

    The Affordable Care Act that our government has desperately begun to undermine, and the “government option” that did not pass, was meant to provide near adequate medical insurance for more people. The incomes of many that do pay income taxes, cannot afford adequate medical insurance. (The U.S. Congressional Budget Office predicts that under our present laws, increasing numbers and proportions of our future populations will not be adequately medically insured). Isn't that a failure of our economy?

    Respectfully, Supposn

  6. #46
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    Quote Originally Posted by Supposn View Post
    Southern Dad, imported goods economically differ from domestic products prior to their entering USA jurisdiction and are being handled by USA labor. That occurs when the goods are on a USA cargo carrier crewed by USA labor or they're unloaded at a USA port of entry.

    Unlike other nations, Imports entering the USA contribute little or nothing to our federal tax revenues but they net reduce our GDP and numbers of jobs. Annual trade deficits are always net detrimental to their nation's GDP and numbers of jobs.

    Refer to Wikipedia's “Import Certificates”.
    Respectfully, Supposn
    Quote Originally Posted by Southern Dad View Post
    Wonderful but irrelevant. If a company is selling something for a profit here in the USA, we tax those profits. BTW, this president wants to charge tariffs on some of those imports.
    Southern Dad, similar domestic and imported goods similarly contribute to our economy When they're under USA jurisdiction and handled by USA labor.
    Unlike USA produces goods, imports and their production supporting goods and services contribute little or nothing to USA's economy until they're loaded onto a USA carrier crewed by USA labor or unloaded at a USA port of entry.
    USA producers pay applicable USA taxes; their increased production contributes to their per unit cost reducing economies of scale. Similarly production supporting goods and service products, (including infrastructures) are usually derived from the nation that produced the products they supported.

    Bottom line: USA producers of products support USA's economy; producers of imported goods in aggregate effectively do nothing to support USA's economy.
    Unlike the USA, foreign nations generally collect taxes from importers of goods into their nation. They do not tolerate foreign producers gaining advantages over their own domestic producers.
    Southern Dad, USA producers do, and foreign producers do not pay taxes and contribute to USA economy.

    I'm among the proponents for the trade policy described by Wikipedia's “Import Certificates” article.

    Respectfully, Supposn
    Last edited by Supposn; 12th January 2018 at 03:26 AM.
    Thanks from Panzareta

  7. #47
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Supposn View Post
    Southern Dad, you're faulting USA's “bottom” 45% for not paying federal income taxes? You and all of your children paid federal income taxes each year from the day of their birth? If a large segment of USA's working population's, (the working-poor's) incomes are insufficient, isn't that a failure of our economy?

    The Affordable Care Act that our government has desperately begun to undermine, and the “government option” that did not pass, was meant to provide near adequate medical insurance for more people. The incomes of many that do pay income taxes, cannot afford adequate medical insurance. (The U.S. Congressional Budget Office predicts that under our present laws, increasing numbers and proportions of our future populations will not be adequately medically insured). Isn't that a failure of our economy?

    Respectfully, Supposn
    No, I was pointing out the bullshit that the previous post contained when it tried to portray this addition wage and/or bonuses as not good because it is taxable. It's a raise and/or bonus. It's good. I know that the liberals have to find some reason to hate it but face it, this tax reform is working. Businesses are announcing that they will pay their employees more and are giving additional bonuses which they are crediting to the tax reform.

    Wage earners that do not pay taxes are leeches upon our society. Flat out! The minimum federal income tax rate should be 1% of the gross income. Is 1% too much to ask? I certainly do not think so. The Democrats want to raise my federal income tax rate because I am not paying my "fair share." I want to know where their fair share is.

  8. #48
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Supposn View Post
    Southern Dad, similar domestic and imported goods similarly contribute to our economy When they're under USA jurisdiction and handled by USA labor.
    Unlike USA produces goods, imports and their production supporting goods and services contribute little or nothing to USA's economy until they're loaded onto a USA carrier crewed by USA labor or unloaded at a USA port of entry.
    USA producers pay applicable USA taxes; their increased production contributes to their per unit cost reducing economies of scale. Similarly production supporting goods and service products, (including infrastructures) are usually derived from the nation that produced the products they supported.

    Bottom line: USA producers of products support USA's economy; producers of imported goods in aggregate effectively do nothing to support USA's economy.
    Unlike the USA, foreign nations generally collect taxes from importers of goods into their nation. They do not tolerate foreign producers gaining advantages over their own domestic producers.
    Southern Dad, USA producers do, and foreign producers do not pay taxes and contribute to USA economy.

    I'm among the proponents for the trade policy described by Wikipedia's “Import Certificates” article.

    Respectfully, Supposn
    Spin it, knock it, talk all the shit you want. The US economy is doing great. Unemployment is at record lows, companies are announcing they are brining work back to the US. Did you hear that Ford is brining a production unit back from Mexico to Michigan? Spin that as bad. Corporations here in the US pay US income taxes. In the past they would keep money that was made overseas there to avoid paying taxes when they brought it here. We've lowered that tax rate and corporations, like Apple are saying the will bring that money home. Win/Win!

  9. #49
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    Quote Originally Posted by Southern Dad View Post
    Spin it, knock it, talk all the shit you want. The US economy is doing great. Unemployment is at record lows, companies are announcing they are brining work back to the US. Did you hear that Ford is brining a production unit back from Mexico to Michigan? Spin that as bad. Corporations here in the US pay US income taxes. In the past they would keep money that was made overseas there to avoid paying taxes when they brought it here. We've lowered that tax rate and corporations, like Apple are saying the will bring that money home. Win/Win!
    It's funny that some have no interest in "Win/win!"

    They'd rather spread their "Hate/hate!"

  10. #50
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    Quote Originally Posted by Miller47 View Post
    It's funny that some have no interest in "Win/win!"

    They'd rather spread their "Hate/hate!"
    This win terrifies the Democrats. What are they going to run on? Are they going to go out and stump saying that they opposed these tax breaks that are resulting in people getting bonuses and wage increases? Are they going to run saying that they voted against doubling the personal exemption? Will they offer to roll all this back? Chrysler just announced they are moving some production from Mexico to Michigan. How do the Democrats combat this? $2,000 in bonuses to 60,000 hourly and salaried employees and crediting it to the tax overhaul? What is the Democrats message? Vote for us and we'll roll all this shit back?

    Fiat Chrysler Automobiles NV said Thursday it would invest $1 billion to shift production of one of its most profitable trucks to Michigan from Mexico, a move that could help the Italian-U.S. auto maker lower risks related to potential changes to the North American Free Trade Agreement.

    The company also said it would pay out $2,000 to approximately 60,000 hourly and salaried employees in the wake of the U.S. corporate-tax overhaul. The payout mirrors moves by other industries, but is the first prominent bonus for auto-industry workers and employees since the tax bill was enacted.

    Fiat Chrysler to Move Some Truck Production to Michigan From Mexico -- Update | Fox Business

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