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To: qwerty1234

The tax loss for Kalifornia will be substantial.

While Musk may avoid personal taxes no matter where he lives because of annoying depreciation schedules and other mechanisms, having the gross receipts from Tesla land in Texas is a nice middle finger to the leftists here in Kalifornia.

I highly doubt Texas had to offer any additional incentives to lure him there.


26 posted on 10/09/2021 7:30:02 AM PDT by jcon40 (Machinery is only as good as its design and quality of parts. A citizen is only as good )
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To: jcon40
The tax loss for Kalifornia will be substantial.

Yup.
California loses in every way

While Musk may avoid personal taxes no matter where he lives because of annoying depreciation schedules and other mechanisms, having the gross receipts from Tesla land in Texas is a nice middle finger to the leftists here in California.

Actually Musk wins massively by moving to ,Texas (which he did last year) cause Texas has no state income tax, and Musk never took any salary from Tesla for the last 3 years or so, so he avoided the massive California income taxes.
However Musk is cashing in a huge chunk of Tesla shares in this quarter in Texas so will not pay any income taxes on that.

34 posted on 10/09/2021 8:37:08 AM PDT by SmokingJoe ( )
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To: jcon40
The tax loss will be absolutely astronomical. It's not about Elons' personal taxes. It's all the taxes and fees collected for each person employed in the state. Most people have never run a business and therefor have no idea about all the taxes and fees take from the business. Things like unemployment insurance, workers compensation insurance, FICA payroll tax, business incense fee aka tax and the countless other fees and taxes. That is all vanishing from California.

The people running that state don't have a clue on how economics actually works and they are going to be shocked when Kalifornia comes crashing down. Kaliforina is crashing now and they can't see it. They are in a death spiral, and keep doing all the wrong things. The People with money and brains will all leave the state. Some may be give no choice but to abandon family farms. They only thing that will be left is corruption and the people in extreme poverty.

38 posted on 10/09/2021 9:00:38 AM PDT by CrippledRN (The truth loves a challenge and a lie hates to be questioned)
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To: jcon40

The tax loss for Kalifornia will be substantial.

While Musk may avoid personal taxes no matter where he lives because of annoying depreciation schedules and other mechanisms, having the gross receipts from Tesla land in Texas is a nice middle finger to the leftists here in Kalifornia.

I highly doubt Texas had to offer any additional incentives to lure him there.

Meanwhile, Gruesome and his fellow felons in Sacramento are raking in the tax $’s on each gallon of gasoline bought in California.

Maybe that is the reason he is hated by Gruesome and his fascist thugs, aka democrats. Teslas don’t use much gasoline.

Here’s what’s on the tax side of the ledger on gasoline in Californicator You land:

The federal government charges an excise tax of 18.4 cents per gallon.

California’s excise taxes on gasoline come to 50.5 cents per gallon. That includes 12.7 cents per gallon from the controversial Senate Bill 1 that became law to improve infrastructure and develop transportation programs across the state.

Plus, there’s a state sales tax. It can vary by area but the Stillwater analysis estimated the sales tax averages 10.7 cents per gallon.

Every time gas prices go up in Californicator You land, Gov. Gruesome brings in another 11 cents for each $ increase.

Put together, Californians pay 79.6 cents per gallon in gas taxes.

https://www.sandiegouniontribune.com/business/story/2021-03-12/how-much-are-you-paying-in-taxes-and-fees-for-gasoline-in-california


46 posted on 10/09/2021 10:55:39 AM PDT by Grampa Dave (Lockdowns will go down as one of the greatest peacetime policy failure in modern history! Cui bono?)
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