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General Motors Co. will drive away from its U.S.-government-financed restructuring with a final gift in its trunk: a tax break that could be worth as much as $45 billion.

GM, which plans to begin promoting its relisting on the stock exchange to investors this week, wiped out billions of dollars in debt, laid off thousands of employees and jettisoned money-losing brands during its U.S.-funded reorganization last year.

Now it turns out, according to documents filed with federal regulators, the revamping left the car maker with another boost as it prepares to return to the stock market. It won't have to pay $45.4 billion in taxes on future profits
This is goes through the TARP provisions, still waiting for someone to explain how it's going to end up costing only 5 billion to the taxpayer ... but that's just me :laughing:
 

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:laughing: The UAW spent it's money well.. even better than we thought.

Tsavo? You still alive son? Come on in and tell us that fairy tale once more..
 

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Businesses don't pay taxes. Consumers pay taxes through them. It's just another way for the government to tax you in a way you don't feel taxed. Think about it. Where does the money come from that they pay their taxes with? An increased price you pay for their car. It's self destructive to delight in businesses paying taxes.
 

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Businesses don't pay taxes. Consumers pay taxes through them. It's just another way for the government to tax you in a way you don't feel taxed. Think about it. Where does the money come from that they pay their taxes with? An increased price you pay for their car. It's self destructive to delight in businesses paying taxes.
So GM will now pass on their tax savings to the consumer?
:rolling::rolling::rolling:

In theory I agree with you. In this case.....
 

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Don't buy any of their stock

They'll just squander the money

And then ask the taxpayer for another bailout,

Also they manufacture in Mexico and Oshawa canada

Thus they don't even support the taxpayer with a Job

GM is a very Bad Corporation these days:nuts:

Bon
 

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So GM will now pass on their tax savings to the consumer?
:rolling::rolling::rolling:

In theory I agree with you. In this case.....
They are in competition with other manufacturers. The lower their price, the more they will sell. So, yes, not out of altruism, but out of pure market economics, if their cost to manufacture a car goes down, they will lower the cost of the car. Unfortunately, with car companies, it's rare that costs ever go down, so we wonder if that would happen. Well, look at airlines. They do it all the time. If one airline lowers prices $5, every airline has to lower theirs to compete. Same concept.
 

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They are in competition with other manufacturers. The lower their price, the more they will sell. So, yes, not out of altruism, but out of pure market economics, if their cost to manufacture a car goes down, they will lower the cost of the car. Unfortunately, with car companies, it's rare that costs ever go down, so we wonder if that would happen. Well, look at airlines. They do it all the time. If one airline lowers prices $5, every airline has to lower theirs to compete. Same concept.
Yet none of that has anything to do with tax savings. It may affect their bottom line on paper, but it will have 0 affect on consumer prices. They will still price their product as high as the market will sustain.
 

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Yet none of that has anything to do with tax savings. It may affect their bottom line on paper, but it will have 0 affect on consumer prices. They will still price their product as high as the market will sustain.
The truth is, we really don't know what they would do, because big government will never give up this hidden tax on consumers. GM isn't the bad guy here. Washington is.
 

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The truth is, we really don't know what they would do, because big government will never give up this hidden tax on consumers. GM isn't the bad guy here. Washington is.
We know what they'll do and yes, Washington is the bad guy.
 
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