Something that perhaps isn’t clear is that, if this location works out (other locations are still in the running), SpaceX will still be paying an annual amount that increases tax revenue for Grimes County by ~25% and will be by far the biggest source of revenue for the county.
Taking into account taxes paid by SpaceX employees and contractors, Terafab will far exceed ALL revenue that Grimes County currently earns!
The reason SpaceX asked for this, which is standard practice for massive capital investments, is because Terafab will have a large number of extremely expensive machines for making chips. Property tax on these crazy money machines would put us at a serious competitive disadvantage relative to other chip fabs in the world.
@Oilfield_Rando One should get 1 vote for every $1 paid in taxes. People who have contributed more to society have a greater influence on public spending through taxes. And it reduces tax evasion so likely would increase total tax receipts.
The official @TrumpAccounts app is available for download today, with a full rollout coming in the weeks ahead for everyone eligible who completes IRS Form 4547.
The app is simple, intuitive, and educational, and was designed under the direction of the @USTreasury in close partnership with @ndstudio, @RobinhoodApp and @BNYglobal.
We uncovered something far bigger than I ever expected. After seeing coordinated false attacks against the Utah data center project, we brought in an advanced data science team to trace where the content was coming from and the results were shocking. What we found led back to organized networks, political activist groups, and funding trails tied to massive international entities. We dug through IRS 990 filings, tracked IP data from around the world, and uncovered what appears to be a coordinated campaign targeting energy and data center projects across multiple regions.
I shared 90 pages of evidence with federal law enforcement and raised concerns directly with contacts at the White House. This isn’t speculation. The filings, funding records, dates, and connections are documented. There’s a coordinated PR war happening around energy infrastructure and data centers, and we’re not going to ignore it.
@Uncatfishable Because billionaires have created insane amounts of value for the rest of us, unlike the example Kevin gives here.
I’m forever thankful at what Amazon means for me and my family never having to shop for humdrum things again.
Big news for me personally and professionally.
@jon_lewis_ and Alyssa were my top lieutenants at Daily Wire and played a huge role in helping to build and nurture that brand through some of our biggest battles and biggest wins.
Working with them again in this new venture is good for the soul and good for the business.
The future is never certain. The path is fraught. There be dragons.
I feel sorry for the dragons...
This is what our society fails to comprehend.
If I work as a physical therapist, and I’m good, I’ll make $100,000/yr. And pay $15,000 in taxes. I can see 60 patients per week. But that’s the end of it. No additional tax money, no more patients can get my services. I provide a living for myself and my family.
If I own a practice and employee 10 therapists that each make $100,000, now I’m providing a living for 10 families, and because of my efforts there is now $250,000 in tax revenue.
So why should businesses get taxed more? Why should they even have to pay payroll taxes? My value to society is way more than 10X at this point.
But the vast majority of Americans can’t comprehend that, neither do our congressional representatives.