Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 1 hour ago, Not greg b said: The 7500 “tax credit” doesn’t come out of the air. It’s paid for by the tax payers and goes into the auto manufactures pocket It comes from the tax payer that buys the vehicle and it only comes from that person and nobody else Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 4 minutes ago, BOHICA said: It comes from the tax payer that buys the vehicle and it only comes from that person and nobody else Everyone else has to make up the 7500 dollar that person isn’t paying into the pot Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 4 minutes ago, Not greg b said: Everyone else has to make up the 7500 dollar that person isn’t paying into the pot No they don’t. You tax rate as an individual is from the Trump tax plan. Your rate hasn’t changed since it was signed into law and likely if you listen to republicans it resulted in a tax cut to you despite EV tax credits to individuals. Your tax rate hasn’t changed and it won’t change till 2025 when the tax rate expires. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted January 3, 2023 Share Posted January 3, 2023 From steep interest-rate cuts to oil crashing as low as $40 a barrel, here are 8 surprise scenarios that could shock markets in 2023 George Glover Sun, January 1, 2023 at 5:51 AM CST Aggressive Federal Reserve interest rate cuts and oil's price falling over 50% could shock markets next year, according to Standard Chartered.Wang Ying/Xinhua/Getty Standard Chartered listed eight potential scenarios that could shock markets next year. The Federal Reserve could cut interest rates by 200 basis points should the US suffer a deep recession, strategists said. Oil could crash to just $40 a barrel if a global recession sets in and the Ukraine war is resolved, according to the bank. The Federal Reserve slashing interest rates by 200 basis points and oil prices crashing by more than 50% are among potential economic and financial surprises that could roil markets this year, according to Standard Chartered. In a report published on December 3, strategists at the UK bank listed eight potential upsets — currently underpriced by markets — that could spark further volatility in stocks, bonds and cryptocurrencies. One scenario would see the Fed cut interest rates by 200 basis points, after the US suffers a severe recession in the first half of next year in the wake of its ongoing monetary tightening spree. The US central bank has already boosted rates by 400 basis points in 2022, and is also reining in the supply of money in the economy by slashing its balance sheet by $95 billion a month through a program called quantitative tightening (QT). But there's a chance it will have to quickly pivot to monetary easing if economic data suggests it tightened too quickly, according to Standard Chartered. "In 2023, what started as a mild malaise quickly becomes an economic panic," a team led by chief strategist Eric Robertson said, describing the potential surprise outcome. "Layoffs spread from the technology sector to housing and retail to industrials and financial services." "A pause quickly becomes a pivot, which then becomes a full-scale reversal by mid-year," they added. "The Federal Open Market Committee halts QT and cuts rates by 200 basis points before the end of 2023." In a separate scenario that would rattle markets, Brent oil prices could plummet to just $40 a barrel as demand slumps amid a recession, according to Standard Chartered. A resolution to the Russia-Ukraine conflict would also remove the war-related risk premium from energy costs, causing prices to fall. The crude benchmark currently trades at just over $80 a barrel, so a slide to $40 would mean a 50% decline. The convergence of a global recession, continued zero-COVID lockdowns in China and a ceasefire in Ukraine would unleash the "perfect storm" for oil markets, sparking outsized declines in prices, according to the bank. "China experiences a surge in COVID cases, leading to nationwide lockdowns and significantly delaying its economic reopening," Robertson's team said, describing the surprise scenario. "The global recession spreads, with even previously resilient economies succumbing to a protracted decline in consumer and business demand." "The decline in oil prices is exacerbated by the end of the military conflict in Ukraine," the strategists added. "With oil prices falling quickly, Russia is unable to fund its military activities and agrees to a ceasefire. The end of the war causes the risk premium that had supported energy prices to disappear completely." Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 18 minutes ago, BOHICA said: No they don’t. You tax rate as an individual is from the Trump tax plan. Your rate hasn’t changed since it was signed into law and likely if you listen to republicans it resulted in a tax cut to you despite EV tax credits to individuals. Your tax rate hasn’t changed and it won’t change till 2025 when the tax rate expires. What does tax rate have to do anything?? 7500 bucks the government is giving you in any form comes from the taxes we pay. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 1 minute ago, Not greg b said: What does tax rate have to do anything?? 7500 bucks the government is giving you in any form comes from the taxes we pay. No it doesn’t. Does trump paying $0 in income taxes cost you anything? Some of you guys sound like a bunch of liberals. what you pay has been the same as 2018 tax year when the Trump tax laws were signed into law. you didn’t have to pay more when trump raised the child tax credits. You don’t have to pay more for anybody’s tax deductions or non refundable tax credits. do you have to pay more cause some gets a standard deduction or itemizes deduction and credits cause they have more of those that use the standard deductions? Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 25 minutes ago, BOHICA said: No it doesn’t. Does trump paying $0 in income taxes cost you anything? Some of you guys sound like a bunch of liberals. what you pay has been the same as 2018 tax year when the Trump tax laws were signed into law. you didn’t have to pay more when trump raised the child tax credits. You don’t have to pay more for anybody’s tax deductions or non refundable tax credits. do you have to pay more cause some gets a standard deduction or itemizes deduction and credits cause they have more of those that use the standard deductions? You are bringing up weird crap. Trump paying zero taxes and if he bought an ev he would get the same credit. Where does that money come from?? The tax payer. The federal government does not do anything to generate income. They take it from the people in the form of taxes and spend it Willy nilly 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 30 minutes ago, Not greg b said: You are bringing up weird crap. Trump paying zero taxes and if he bought an ev he would get the same credit. Where does that money come from?? The tax payer. The federal government does not do anything to generate income. They take it from the people in the form of taxes and spend it Willy nilly If trump paid zero in taxes and bought an EV he would get no tax credit cause the tax credit on the EV is non refundable which means you have to be a net payer to get the credit. The individual has to have a fed income tax obligation to get the credit. It’s just a tax credit for the individual tax payer that buys the vehicle. It’s like the child /dependent tax credits in our code. You have a child you get a tax credit reducing what you pay to the government. Just because and individual doesn’t have a kid it doesn’t mean they have to pay for the “short fall” the government has cause it gives a child tax credit to those that have kids. Child tax credits are nonrefundable just like an EV tax credit. the tax credit is just credit to and individual that has a net tax payer scenario that allows them to keep more of there own money. Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 27 minutes ago, BOHICA said: If trump paid zero in taxes and bought an EV he would get no tax credit cause the tax credit on the EV is non refundable which means you have to be a net payer to get the credit. The individual has to have a fed income tax obligation to get the credit. It’s just a tax credit for the individual tax payer that buys the vehicle. It’s like the child /dependent tax credits in our code. You have a child you get a tax credit reducing what you pay to the government. Just because and individual doesn’t have a kid it doesn’t mean they have to pay for the “short fall” the government has cause it gives a child tax credit to those that have kids. Child tax credits are nonrefundable just like an EV tax credit. the tax credit is just credit to and individual that has a net tax payer scenario that allows them to keep more of there own money. you do math like a politician. The federal government is not building ev and has no source of income other than taking it from tax payers. They are taking the 7500 dollars out of all of our pockets. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 (edited) 32 minutes ago, Not greg b said: you do math like a politician. The federal government is not building ev and has no source of income other than taking it from tax payers. They are taking the 7500 dollars out of all of our pockets. Those people that build the EV likely pay taxes as do the the truck drivers, train conductors and delivery center employees. Does trump taking tax credits and deductions to pay $0 affect your taxes in any way that you pay the government. If trump pays $0 in taxes it has no effect what so ever on what you or I pay in. quit being a fucking liberal Democrat like Bernie sanders or AOC and wanting other peoples tax dollars. Other people tax dollars aren’t fucking your you liberal freak. Edited January 3, 2023 by BOHICA Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 21 minutes ago, BOHICA said: Those people that build the EV likely pay taxes as do the the truck drivers, train conductors and delivery center employees. Does trump taking tax credits and deductions to pay $0 affect your taxes in any way that you pay the government. If trump pays $0 in taxes it has no effect what so ever on what you or I pay in. quit being a fucking liberal Democrat like Bernie sanders or AOC and wanting other peoples tax dollars. Other people tax dollars aren’t fucking your you liberal freak. You are avoiding simple math. All of us are paying for the credit. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 Just now, Not greg b said: You are avoiding simple math. All of us are paying for the credit. Do you pay for Trump paying $0? Quote Link to comment Share on other sites More sharing options...
Plissken Posted January 3, 2023 Share Posted January 3, 2023 (edited) 1 hour ago, Not greg b said: you do math like a politician. The federal government is not building ev and has no source of income other than taking it from tax payers. They are taking the 7500 dollars out of all of our pockets. United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. https://en.m.wikipedia.org/wiki/United_States_Treasury_security The U.S. could make more than $5 billion by waiting a few years to replenish its oil reserves. Why it matters: President Biden has committed to sell 1 million barrels of oil per day from the Strategic Petroleum Reserve for the next six months. All of that oil will need to be replaced, somehow; ideally, at a profit. By the numbers: If the U.S. sells 180 million barrels in total, then at the current price of $98 per barrel that would work out to total proceeds of about $18 billion. https://www.axios.com/2022/04/11/how-the-us-can-make-billions-from-selling-oil Edited January 3, 2023 by Plissken Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 18 minutes ago, BOHICA said: Do you pay for Trump paying $0? Yes we do Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 15 minutes ago, Not greg b said: Yes we do 😂 fucking liberals…. Want Trumps money and thinking they have to pay more because of him Quote Link to comment Share on other sites More sharing options...
Not greg b Posted January 3, 2023 Share Posted January 3, 2023 12 hours ago, BOHICA said: 😂 fucking liberals…. Want Trumps money and thinking they have to pay more because of him You keep avoiding math and bringing up trump. The 7500 dollars is funded by tax payers. The government does nothing to generate an income other than take our money. Hey will you give me 7500 dollars to buy another sled? Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 3, 2023 Author Gold Member Share Posted January 3, 2023 (edited) 6 minutes ago, Not greg b said: You keep avoiding math and bringing up trump. The 7500 dollars is funded by tax payers. The government does nothing to generate an income other than take our money. Hey will you give me 7500 dollars to buy another sled? What math is that? That $7500 doesn’t come from anybody else’s taxation. Just like Trumps deductions and credits to get to $0 taxation doesn’t come from anybody else’s tax dollars. you don’t pay more or less based on what trump does or doesn’t pay Edited January 3, 2023 by BOHICA Quote Link to comment Share on other sites More sharing options...
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