soldiernerd

soldiernerd t1_j2bzf2h wrote

Traditionally, all globally sold vehicles (ie outside US) were made in Shanghai and shipped early in the quarter. As the quarter progressed, Shanghai would shift to local deliveries.

They’ve made some efforts to unwind this delivery pattern, and they now make Model Ys for Europe in Germany, but Europe still receives a lot of Chinese exports (and US exports for Model S/X) so the deliveries are still somewhat “lumpy”.

This should continue to smooth out however

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soldiernerd t1_iwubtmu wrote

Batteries are extremely recyclable and the battery recycling industry is ramping up.

Redwood materials, founded by a former Tesla exec, just signed a multi-billion dollar deal with Panasonic to supply Panasonic’s new Kansas battery plant (currently under construction) with cathode material from recycled batteries.

https://www.forbes.com/sites/alanohnsman/2022/11/15/redwood-materials-to-supply-cathodes-for-panasonics-kansas-ev-battery-plant/?sh=c2fee032cc95

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soldiernerd t1_itakabq wrote

Sure but the difference is sales tax is money coming from the consumer, with no tie to the collecting company.

Payroll tax is money the company hands to the employee, who immediately hands it to the government. It's money which was created by the company and which the government receives as a direct result of the company's economic activity.

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soldiernerd t1_itahwh4 wrote

That's because there was no personal income tax until 1913.

In 2021, US Government revenue was 2.04T from personal income tax (50.7%), 1.31T from payroll taxes (32.6%), and 372B (9.2%) from corporate income tax.

50% of payroll taxes (16.3% of federal revenue) are paid by corporations, which means money directly from corporations makes up 25.5% of federal revenue. The other half (another 16.3% of federal revenue) is from employee-paid payroll taxes, which is just money handed from the employer to the employee to the government, so essentially 41.8% of federal revenue comes directly from the employer.

Looking at IRS data from 2018 and 2019 it appears that salaries and wage makes up about 2/3 of reported personal income.

Now that doesn't mean it is the source for 2/3 of the tax revenue of course, as deductions and credits alter that. Notwithstanding, if tax revenue from wages and salaries makes up only 16% of total personal income tax revenue, that would mean 50.0% of federal revenue is derived, directly or indirectly from a company.

The reality is that personal income tax on wage and salaries probably far exceeds 16% of all personal income tax revenue, meaning businesses are likely responsible for well over 50% of federal revenue.

That's without taking into account any other federal revenue streams from companies such as excise duties and customs taxes.

So companies are still a very very large driver of Federal revenue.

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