4 ms·

Sounds like FedEx wants a public forum to push Reaganonmics. Arguing for trickle-down theory is a bad look, FedEx. 'Creating jobs' is not an excuse for skipping

Sounds like FedEx wants a public forum to push Reaganonmics. Arguing for trickle-down theory is a bad look, FedEx. 'Creating jobs' is not an excuse for skipping out on taxes. You invest to grow your business but you still need to pay taxes. If I invest all of my money in a house I create, at least temporary, jobs. I push a bunch of cash through the economy in taxes, fees to a number of services, etc. I would have invested a lot into the local economy. Should I then get to skip paying taxes for one or more years? I mean, I'm creating or sustaining jobs.

frockington1 7y ago
Should I then get to skip paying taxes for one or more years? - Yes and you do. You get a tax credit on interest paid and many new build come with tax abatement to encourage investment opportunities
- annoyingnoob 7y ago
  My tax bill tells me otherwise. The interest on my home loan does not and cannot erase my taxes. That deduction is not what you think it is: https://www.fool.com/millionacres/taxes/real-estate-tax-deductions/can-i-still-deduct-my-mortgage-interest-2018/ https://www.fool.com/millionacres/taxes/real-estate-tax-dedu... My home happens to include Mello-Roos taxes for local improvements, like schools and a fire station. This more than doubles the property tax that I pay. Sorry to tell you, I don't have it anything like FedEx. I paid over 26% of my gross income on taxes last year.
  - frockington1 7y ago
    Taxes suck, no denying it. Thankfully where I live its relatively easy to find nice properties with long tax abatement for investment. Beyond that max your 401k, IRA, HSA and live or "live" somewhere with low taxes
    - annoyingnoob 7y ago
      Taxes suck, even big corporations that produce a lot of jobs need to pay them.
  - mlyle 7y ago
    You're blurring the lines and talking about various taxes, etc. Pretty sure FedEx pays property taxes-- not just real property taxes on property they own and lease, but also tangible property taxes on assets like planes and trucks.
    - annoyingnoob 7y ago
      I paid over 26% of my income in taxes on my form 1040. No blurred lines, this includes whatever mortgage tax deduction that I may or may not have received.

frockington1 7y ago

Should I then get to skip paying taxes for one or more years? - Yes and you do. You get a tax credit on interest paid and many new build come with tax abatement to encourage investment opportunities

annoyingnoob 7y ago
My tax bill tells me otherwise. The interest on my home loan does not and cannot erase my taxes. That deduction is not what you think it is: https://www.fool.com/millionacres/taxes/real-estate-tax-deductions/can-i-still-deduct-my-mortgage-interest-2018/ https://www.fool.com/millionacres/taxes/real-estate-tax-dedu... My home happens to include Mello-Roos taxes for local improvements, like schools and a fire station. This more than doubles the property tax that I pay. Sorry to tell you, I don't have it anything like FedEx. I paid over 26% of my gross income on taxes last year.
- frockington1 7y ago
  Taxes suck, no denying it. Thankfully where I live its relatively easy to find nice properties with long tax abatement for investment. Beyond that max your 401k, IRA, HSA and live or "live" somewhere with low taxes
  - annoyingnoob 7y ago
    Taxes suck, even big corporations that produce a lot of jobs need to pay them.
- mlyle 7y ago
  You're blurring the lines and talking about various taxes, etc. Pretty sure FedEx pays property taxes-- not just real property taxes on property they own and lease, but also tangible property taxes on assets like planes and trucks.
  - annoyingnoob 7y ago
    I paid over 26% of my income in taxes on my form 1040. No blurred lines, this includes whatever mortgage tax deduction that I may or may not have received.