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... only if they are made by unionized auto manufacturers. Of course, Elon Musk is angry:
But it's what he deserves for exploiting his workers for profit! (and making the only meaningful progress toward widespread adoption of electric cars).
Those deductions aren't dependent on who wrote the mortgage or who made the child.
Sure they are. If you finance a home yourself (ie save up money and pay cash) or a relative loans you the money, you don't get the bene. You only get the mortgage deductions if you give the banksters their pound of flesh.
And child tax credits are only for low income parents.
Telsa pays the assembly line workers, worst!Musk also commits the crime of paying Tesla workers better than UAW workers and providing better benefits.
That's not really true, I borrowed money from a relative and the mortgage was recorded at the county, just like any other and was eligible for the deduction. That's the way to do it properly, BTW I never took that deduction.
I am amused to see people whining about a tax deduction for cars, but I bet they don't whine about their mortgage interest deduction.
Or their child tax credits.
The government interferes in the free market through tax expenditures to the tune of $1.4 trillion a year!
There are a few of us. Unfortunately, most people don't see past the end of their nose. As long as they think they might benefit, they don't care that these laws are funneling money to friends of Congress. Somebody else will pick up the bill.I'm opposed to all of those things. The child tax credits, in particular, have irked me for years.
But people who save and buy get screwed.
Yes.Do they?
The deduction only applies to interest paid on a mortgage.That's not really true, I borrowed money from a relative and the mortgage was recorded at the county, just like any other and was eligible for the deduction. That's the way to do it properly, BTW I never took that deduction.
.
Not true. They apply to every parent with children under the age of 18.And child tax credits are only for low income parents.
The mortgage interest deduction screws every taxpayer, not just homeowners.Do they? They are basically saving 100% of the interest they would have paid a bank and you lose on a deduction because it's not a dollar for dollar write off.
.
I was referring to traditional "child tax credits" - like EITC, not the pandemic free for all.Not true. They apply to every parent with children under the age of 18.
The deduction only applies to interest paid on a mortgage.
I was referring to traditional "child tax credits" - like EITC, not the pandemic free for all.
The point is - these "benefits" aren't free money. It's a transfer, from people who don't get the benefit (and have to pay more in taxes as a result) to those who do.
Exactly. But it's more about control than welfare. It's essentially coercive. They're saying "jump through this hoop, or pay more in taxes". The point is to get you to jump through the hoop. The incentive in question is a perfect case in point - "Buy an electric car from our friends, or it will cost you more".It's called welfare through the tax code.
Are you coming at this from a libertarian perspective?I am amused to see people whining about a tax deduction for cars, but I bet they don't whine about their mortgage interest deduction.
Or their child tax credits.
The government interferes in the free market through tax expenditures to the tune of $1.4 trillion a year!
Ayup!Are you coming at this from a libertarian perspective?
So, when was American the greatest nation in the world, early small bathtub government of the 1800's or sometime other?Ayup!
