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You have to come into the article believing a ton of things: 1. Tax credits are illegitimate 2. Accelerated depreciation is illegitimate 3. Ownership of prod
by erulabs 2y ago
You have to come into the article believing a ton of things:
1. Tax credits are illegitimate
2. Accelerated depreciation is illegitimate
3. Ownership of productive companies is "hoarding wealth"
4. Journalism is in a battle with the current administration
5. Paying taxes is a good thing
If you _don't_ buy into these premises, for which there is no argument given for or against, you'll be tilted against the author. If you do, you'll be tilted against Tesla. This is polarizing. There is no nuance, there is no learning, there is no insight.
- etchalon 2y ago[flagged]
- jldugger 2y ago> 4. Journalism is in a battle with the current administration Is this controversial?
- deleted 2y ago[deleted]
- chrislongss 2y agoYes, as it should be. Criticize the policies, not an administration led by a party you don't align with.
- hobs 2y agoOne of the policies is that if you are at all a journalist you are an enemy of the state. During his rallies he'd literally have the entire crowd riled up against the very concept of journalists, because they might not suck up to him every single second of every single day. Seriously, where do comments like this keep coming from?
- iforgot22 2y agoMaybe it's better to say the current administration is battling journalism, in a one-sided way. There's a real difference, but it looks too much like splitting hairs.
- kccoder 2y agoWhat about criticizing a lawless administration, filled to the gills with unqualified sycophants, bereft of empathy, kindness, and all human decency?
- johnnyanmac 2y agoWhy not both? The administration doesn't stop this, the policies suck and only transfer weath from the working class to the elite
- tzs 2y agoIt's more the administration is attacking journalism than the other way around. For example, the FCC regularly receives complaints against pretty much every broadcaster that they are biased and the FCC regularly dismisses those because broadcasters are supposed to be allowed to take positions that politicians may disagree with. Until now. The new FCC chairman reinstated complaints against all the major network stations that were alleged to have a liberal bias and is now subpoenaing them, and did not reinstate any complaints against major network stations (e.g., FOX) that allege conservative bias.
- deleted 2y ago[deleted]
- ryandrake 2y agoHow about simply the principle: 1. I should be able to deduct the same sorts of things from my individual income that corporations routinely deduct from their income. If a corporation can legally shield all of their income from taxes, why can't I shield all of my income from taxes? Corporations can deduct the costs of all the things they have to do to make money and do weird depreciation tricks, but I cannot deduct the costs of all the things I must pay for in order to make my own income.
- SideQuark 2y agoYou do. The biggest of all tax giveaways is the home mortgage deduction and tax deduction on employer paid healthcare. The tax sheltered things like retirement accounts, HSAs, Roths, college savings plans, energy credits, home improvement credits, car breaks, annd do on, are also huge tax giveaways to citizens. Those are the biggest tax breaks in all US law, far larger than all of corporate breaks combined. Then, as a citizen, you have tax cuts for kids, for school, for various small enterprises, for local this and that by jurisdiction, you do get depreciation on lots of goods. I could go on for the thousands and thousands of pages of personal income tax law. Being ignorantly of a thing to arrive at outrage is still ignorance.
- ryandrake 2y agoNone of these things, or even the combination of all of these things, allows an individual to shield 100% of their income from taxes, the way corporations shield their income from taxes.
- freeone3000 2y agoThey absolutely do! Earned Income is a refundable tax credit - 47% of all Americans pay no net income tax, and some receive a refund in excess of any taxes paid.
- kccoder 2y ago* excluding payroll tax deductions, both personal and employer paid (which is effectively still a tax you're paying). They also pay sales tax, which isn't an income tax per se, but when you have to spend every dollar you make to survive, it might as well be. Everyone contributes.
- deleted 2y ago[deleted]
- iforgot22 2y agoI don't believe those things and still don't disagree with the author. Because the article is too devoid of real information for me to have an opinion on this.
- johnnyanmac 2y agocontext matters a lot, that's your nuance: 1. tax credits are legitimate. But who is using it and on what matters. getting hundreds of millions of tax credit to make horribly constructed cybertrucks does not inspire confidence. But I did want more EV benefits (those are gone now. Alas. "Drill, baby, drill" 2. I don't really know enough about accelerated Depreciation to comment 3. Ownership of productive companies is good. Keyword: "productive". Tesla has been cutting staff, closing dealerships, and again with the cybertruck. "profitable" does not equate to "productive" in my eyes. 4. Yes, Journalism for the most part is in a battle with the current administration 5. Always the fun topic to talk about. As a concept, paying taxes is good. Any more deliberation into reality may as well be its own separate topic. I do personally think corporate needs to provide more taxes, but Trump clearly disagrees this year (corporate tax cut from 21% to 15%, I believe).