Tax Reform

[KI4MVP]

The average salary of a Tesla owner is 271k. Why do they need a tax break?

For nearly a century, car manufacturers have introduced next generation tech in their high end cars bought by wealthy consumers. Why should wealthy Tesla customers get a subsidy?

On top of that Tesla is failing quite spectacularly at building a mass produced consumer vehicle. Maybe Elon should focus on building mass produced vehicles rather than fleecing middle class taxpayers to subsidize his wealthy customers.

https://cleantechnica.com/2016/04/20/results-tesla-owner-survey/

Why do you keep focusing on Tesla? I keep explaining that removing the credit is going to impact every other manufacturer far more than it does Tesla since they are on the verge of having the credit phased out on their vehicles.

The planet needs to stop using fossil fuels before we make it uninhabitable. Halting programs designed to jump start the transition away from fossil fuels is unbelievably stupid.

 

[KI4MVP]

Roads are funded by taxes on gasoline.

Which means that electric car owners in Ohio aren't paying for the public infrastructure they drive on.

As of the end of last year, there's a whole 6,260 electric cars in Ohio.

https://cleantechnica.com/2017/05/04/us-electric-car-sales-state-whos-1-ohio-california/

And it's simply not true that not paying for gas means you aren't paying for the roads, gas tax accounts for less than half of the money spent on roads.

 

[Cratylus]

As of the end of last year, there's a whole 6,260 electric cars in Ohio.

https://cleantechnica.com/2017/05/04/us-electric-car-sales-state-whos-1-ohio-california/

And it's simply not true that not paying for gas means you aren't paying for the roads, gas tax accounts for less than half of the money spent on roads.

So your proposal is that the credit for purchasing electric cars should remain in the tax code?

 

[KI4MVP]

So your proposal is that the credit for purchasing electric cars should remain in the tax code?

It was designed to phase out as manufacturers get their electric car lines up and running, and yes, we should keep doing that to help accelerate the transition away from burning gas to drive.

 

[KI4MVP]

Also, the credit was introduced to help slow climate change. It's being eliminated by people who have are politically motivated to deny fossil fuels contribute to climate change.

The other day our own Department of Energy head said burning fossil fuels is important to prevent sexual assault.

“I just got back from Africa, I’m going to finish up with this, because I think I heard a lady say there are people dying. Let me tell you where people are dying, is in Africa, because of the lack of energy they have there. And it’s going to take fossil fuels to push power out into those villages in Africa, where a young girl told me to my face, ‘one of the reasons that electricity is so important to me is not only because I’m not going to have to try to read by the light of a fire and have those fumes literally killing people.’ But also from the standpoint of sexual assault. When the lights are on, when you have light that shines, the righteousness, if you will, on those types of acts. So from the standpoint of how you really affect people’s lives, fossil fuels is going to play a role in that. I happen to think it’s going to play a positive role.”
​

 

[KI4MVP]

Drifting a bit off topic here, but the other idiotic thing our government is doing is we are about to both cap solar panel imports and add a tariff to solar panel imports. At a time where the world needs to move away from fossil fuels as quickly as possible, we are busy both removing incentives and adding new barriers.

 

[Maximus]

My buddy rolled up in his Tesla 15mins ago at MKT...he's worth 8 figures.

Me: Did the tax credit play any factor in your Tesla purchase?
Chris: What tax credit?

 

[Huber.]

My buddy rolled up in his Tesla 15mins ago at MKT...he's worth 8 figures.

Me: Did the tax credit play any factor in your Tesla purchase?
Chris: What tax credit?

Tell him I said I was happy to make the donation

 

[Randolphkeys]

Switching gears a little, the National Association of Realtors oppose the tax bill. They cite the likelihood of the benefit of home ownership across the country decreasing. The lack of tax advantages decreasing also means fewer buyers, resulting in fewer offers made. That all ultimately ends in lowering home values for existing home owners.

Personal note, the wife and I are probably a year away from being financially able to buy... While I doubt this thing is going to pass, it's the most important purchase a family will make in their lifetimes and the timing can make or brake us financially for the next decade. If the bill passes, we may as well keep renting and keep our cash in trash bags.

 

[KI4MVP]

Switching gears a little, the National Association of Realtors oppose the tax bill. They cite the likelihood of the benefit of home ownership across the country decreasing. The lack of tax advantages decreasing also means fewer buyers, resulting in fewer offers made. That all ultimately ends in lowering home values for existing home owners.

Personal note, the wife and I are probably a year away from being financially able to buy... While I doubt this thing is going to pass, it's the most important purchase a family will make in their lifetimes and the timing can make or brake us financially for the next decade. If the bill passes, we may as well keep renting and keep our cash in trash bags.

I mentioned their opposition upthread. The thing they complained about is that people who can't afford a home yet will get a larger standard deduction. This should only help them more easilly save up the money needed to buy a home in the first place.

The change won't make you pay any more taxes after buying the home (unless you are getting a mortgage over $500k, which was separate from the reason they initially opposed the bill).

 

[czvo]

Drifting a bit off topic here, but the other idiotic thing our government is doing is we are about to both cap solar panel imports and add a tariff to solar panel imports. At a time where the world needs to move away from fossil fuels as quickly as possible, we are busy both removing incentives and adding new barriers.

It's too late, man. The battle to keep the planet inhabitable for future generations is over, and the human race lost.

 

[Wrathe]

It's too late, man. The battle to keep the planet inhabitable for future generations is over, and the human race lost.

Thank God! Does this mean we can go back to 1 trash can?!

 

[KI4MVP]

It's too late, man. The battle to keep the planet inhabitable for future generations is over, and the human race lost.

we could find a giant asteroid headed towards earth, with 1 year to figure out how to stop it from killing everyone

A significant percentage of people wouldn't want us to do anything because someone might make money off of their tax dollars building a solution. Climate change is basically the same thing only the time scale is different.

Plus there's another group of people wouldn't want to do anything because, hey, the earth is flat and there are no such thing as asteroids.

 

[Zog]

I don't want to make this into a global warming debate and feel free to tell me I'm completely off base posting this, but I read an article not long ago, where air quality was tested before and after a car consumed the air. The car was an F-150 and the testing showed the air was actually cleaner coming out of the exhaust pipe than going into the intake. Essentially, catalytic converters are so good nowadays, and/or the air is so polluted already, that driving a giant truck actually cleaned the air.

 

[KI4MVP]

I don't want to make this into a global warming debate and feel free to tell me I'm completely off base posting this, but I read an article not long ago, where air quality was tested before and after a car consumed the air. The car was an F-150 and the testing showed the air was actually cleaner coming out of the exhaust pipe than going into the intake. Essentially, catalytic converters are so good nowadays, and/or the air is so polluted already, that driving a giant truck actually cleaned the air.

catalytic converters don't reduce CO2 emissions.