Cash for Clunkers - Good or Bad Idea?

4110 messages, Last post on Nov 23, 2009 at 11:42 AM

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What is this discussion about? Legislation, Truck, Sedan, Wagon, SUV

For questions about how the program works or to discuss program details, please visit our discussion titled, "Cash for Clunkers - Does it Work for You?"

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#3993 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by nbdeuce Nov 02, 2009 (6:35 pm)
Replying to: kdhspyder (Nov 02, 2009 2:25 pm) The vast majority of S&P500 companies recoupe all and then some of taxes paid with off-setting loop-holes, wright-offs and other accounting trickery!!!!! Replies to this message: bpraxis (Nov 02, 2009 7:19 pm) kdhspyder (Nov 02, 2009 8:27 pm) nbdeuce (Nov 03, 2009 3:08 am) kernick (Nov 03, 2009 7:40 am) and 1 more... andre1969 (Nov 03, 2009 5:43 am)
#3994 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [nbdeuce] by bpraxis Nov 02, 2009 (7:19 pm)
Replying to: nbdeuce (Nov 02, 2009 6:35 pm) To nbdeuce: Hello and if your premise is ture, then what do you suppose the reason is that so many companies and entrepreneurs are leaving the US? ( There have been many articles in the mainstream press such as Barons providing detail ) I for one would love to live in a country where government is much smaller so politicians are irrelevent in our lives. Poly: (many) Tics: (parasites)
#3996 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [nbdeuce] by kdhspyder Nov 02, 2009 (8:27 pm)
Replying to: nbdeuce (Nov 02, 2009 6:35 pm) That's not precisely true. A broad statement like that ( "The vast majority..." ) needs specific verification with impartial data. I immediately went to Google and found this in 3 seconds... http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion I'm pretty sure that Exxon's tax payment in 2007 of $30 billion (that's $30,000,000,000) is a record, exceeding the $28 billion it paid last year. By the way, Exxon pays taxes at a rate of 41% on its taxable income! Replies to this message: nbdeuce (Nov 03, 2009 3:08 am) kernick (Nov 03, 2009 7:40 am) nbdeuce (Nov 03, 2009 11:14 am) andre1969 (Nov 03, 2009 5:43 am)
#3997 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by nbdeuce Nov 03, 2009 (3:08 am)
Replying to: kdhspyder (Nov 02, 2009 8:27 pm) You guys are joking right? I don't need to Google a darn thing, I know this as a fact. I'm ignorant when discussing the latest aluminum head on the new hot sports car, but not when discussing Wall Street and it's beloved corporations. Lay the Kool-Aid down for just a second and do a little research. I guess the next thing you'll try and have me swallow is that crude hit $140+/barrel due to supply and demand, correct????? Back to C4C's for a moment... I love how Ford yesterday presented itself as the only one not receiving bail-out money....What in the world was cash for clunkers all about???? You may want to also Google how much corporate taxes Ford as paid since 9-11. Or I can just tell you! Replies to this message: kernick (Nov 03, 2009 7:40 am) nbdeuce (Nov 03, 2009 11:14 am)
#3999 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kdhspyder] by andre1969 Nov 03, 2009 (5:43 am)
Replying to: kdhspyder (Nov 02, 2009 8:27 pm) I had some Exxon stock, and finally dumped it because it wasn't making any money. Wasn't really losing any, but just sort of sat there. Of course, now that I sold it, it's gonna skyrocket.
#4000 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [nbdeuce] by kernick Nov 03, 2009 (7:40 am)
Replying to: nbdeuce (Nov 03, 2009 3:08 am) You may want to also Google how much corporate taxes Ford as paid since 9-11. Companies only pay income tax when they make an annual profit. If they sell $20B of goods but they spend $20B to do so, yes they pay no income tax. But consider that all the $20B they spent went to wages for all their employees who pay tax and social security and medicare taxes, and the company matches those taxes, and the property taxes of their buildings. So a company that pays no income tax still pays plenty in taxes. And yes I agree that Exxon does pay a lot in taxes, and royalties to drill and move the oil. Replies to this message: nbdeuce (Nov 03, 2009 11:14 am)
#4001 of 4110 Re: White House and Obama lash out at Edmunds for CFC info ! [kernick] by nbdeuce Nov 03, 2009 (11:14 am)
Replying to: kernick (Nov 03, 2009 7:40 am) Exxon and alike have dinero printing presses, you would hope they would return some of it back to the consumer in the form of taxes. Did they not have all time record quarters early last year? Like record breaking all time EVER...like in the history of mankind EVER.
#4002 of 4110 AP CFC analysis by newdavidq Nov 04, 2009 (2:30 pm)
This is a pretty good summary of the CFC program and some good reasons why we should not even think about doing this program again. http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/us_cash_for_clunkers Regards, DQ Replies to this message: kyfdx (Nov 04, 2009 4:48 pm) gagrice (Nov 04, 2009 5:08 pm) hpmctorque (Nov 04, 2009 8:47 pm) steve_ (Nov 04, 2009 9:03 pm) and 20 more... newdavidq (Nov 05, 2009 3:46 am) kdhspyder (Nov 05, 2009 7:04 am) andre1969 (Nov 05, 2009 7:28 am) gagrice (Nov 05, 2009 7:48 am)