Jobs back in America due to Trumps policies

Use some logic, how much in taxes was Indiana getting if carrier left? It is win/win. They are keeping jobs and promised to spend more money.

How much were the unemployed people going to pay in?

agreed.

heheh, sauce:

Only if you don't understand what a tax break is. They were LOSING the money anyway. Carrier was leaving.

You guys will like this. Short vid, 3 min, credit where due...
Almost wanted to make a thread just for this, but it's relevant here... TYT. The commies... See what they say about this.
They can't help but come around to the Donald... I enjoy how they call out the bullshit DNC and Hc on a regular basis. And some of these guys SKEWER Obama justifiably like the fraud he is. Particularly like the closing line "and Democrats, as usual, you oughta be embarrassed!"
Love it.

How quickly we forget how much Solyndra cost the taxpayers. Even Obama's hand-picked winners ended up being losers.

$535 million was the tab for that one.

Basically they get a 7 million dollar exemption. They aren't getting 7 million dollars they just aren't going to pay taxes on $7 million and that could be over time. Many states do this to attract or keep businesses from moving. It is basically a form of crony capitalism but it is also the way our system is designed, sadly.
Everyone gets tax breaks.
Also consider that if Carrier left completely then they wouldn't have been paying any taxes to Indiana for that facility, those employees wouldn't have been paying taxes AND they would have been collecting unemployment for at least up to 6 months. They might also qualify for other handouts like food stamps.

As part of the deal carrier also promised to spend another $12 million in state which will create many more jobs and, wait for it, generate more taxes for the state.

Is it perfect? Nothing is.

Is it a win for Trump, the people who were going to lose their jobs at Carrier, Indiana, etc? Absolutely




From TurboTatwitter.com
A tax break means the government is offering you a reduction in your taxes.

When the government offers you a tax break, it means you’re getting a reduction in your taxes. A tax break can come in a variety of forms, such as claiming deductions or excluding income from your tax return. In some situations, a tax break may not even require any action on your part at all if it relates to a reduction in the overall income tax rates or an increase in the value of the exemptions you claim.

Who creates tax breaks?

Behind every tax break is a tax law that the government passes which explains how the tax break works. When it comes to your federal income tax, all changes in tax law must be approved by the U.S. Congress and the President.

For example, when you fill out your tax return this year you may encounter a new tax credit that allows you to reduce your tax bill for the year. This new tax credit is a tax break that the federal government has approved. The motivation for issuing tax breaks is commonly to stimulate the economy by increasing the amount of money taxpayers have to spend or to promote certain types of behaviors such as purchasing energy-efficient appliances or attending college.

Tax deductions as tax breaks

You are probably familiar with the most common types of tax breaks – you get them every year when you claim deductions to reduce your taxable income on your tax return. Governments have no obligation to offer you deductions, but when they do, it is a tax break.

For example, the federal government has a longstanding practice of allowing you to claim a wide range of itemized deductions, which effectively provide more tax savings than the standard deduction. This by itself is a tax break.

However, the government sometimes amends the requirements and limitations for claiming deductions. For example, during the 2010 tax year, Congress eliminated the adjusted gross income limitation on itemized deductions, whereas, in prior tax years, you have to reduce your itemized deductions when your income is too high.

Income exclusions are tax breaks

The best tax break of all is being able to entirely eliminate certain types of income from your tax return. Generally, these types of tax breaks apply to specific taxpayers.

One example is your ability to exclude most, if not all, of your Social Security income from income taxation during your retirement years. Another significant exclusion applies only to taxpayers who live and work abroad. Generally, these expatriates can eliminate a portion of their foreign earnings from U.S. taxation. In 2016, this exclusion amount applies to your first $101,300 of earnings.

Tax breaks for having dependents

When preparing your return, one of the first tax breaks you claim is likely to be the exemptions for your dependents. These exemptions work just like deductions in reducing your taxable income, but the amount is fixed by the government each year.

Like all other tax breaks, just because dependents exemptions are available each year doesn’t mean that it’s permanent. Congress can decide tomorrow to fundamentally change the way it collects income tax and can eliminate all dependent exemptions entirely.