Toyota moving to Texas
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I have no affiliation with in n out. But many love the burgers!
People are fighting at new location in Colorado. (so popular)https://youtu.be/-NlLnDU_g2A
When is the last time someone fought over an HP printer? (maybe like 10 plus years or never?)
And of that, what is taxable? Or does HP pull an Amazon and pays very little taxes? Context needed.
I think I found it... your numbers are off, $7.2B is just 4th quarter expected revenue, annual is $56.4B.
But... pretax annual income is $3.23B and in previous years, it looks like their tax was negative so not sure what that means.
https://www.marketwatch.com/investing/stock/HPQ/financials
You're just like a tabloid man... a purple fonted one.
You think that is bad Eye? Look at the restaurant biz...Chipotle does around $6 billion in revenue but has an EBITDA of around $500 million. Restaurants write off tons of plant equipment and depreciation. Not really good tax payers so your examples , although well known, don't really pay a lot of taxes anyway. These Big companies that are leaving (Toyota, Chevron, Hewlett and now maybe Tesla) pay tons in taxes, They are not easily replaced by start ups and venture cap firms. Cali has real built in problems right now that are not addressed by the current regime, in fact they only are making it worse.
Always pushing Taco Bell. You are like Panda.
Nature abhors a vacuum.
Seems like there is always companies that step up and replaces what leaves.
My kids are waiting for something to replace Souplantation.
morekaos said:
I have no affiliation with in n out. But many love the burgers!
People are fighting at new location in Colorado. (so popular)https://youtu.be/-NlLnDU_g2A
When is the last time someone fought over an HP printer? (maybe like 10 plus years or never?)
morekaos
Well-known member
Doesn't matter Eye. How good their food is not the issue here. In-N-out is lucky if it does a Billion in revenue. HP DOES over $7 billion in revenue. You cannot compare the two. Any fool would prefer to tax 7 billion over 1. Truth is Planatir just also moved out of Cali and took that Billion in revenue with it too. The bucket has so many holes you just can't plug them all....need a new bucket.
Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley
Joe Lonsdale is moving the headquarters of 8VC, his venture firm, from San Francisco to Austin, Texas.
Palantir, the software company he co-founded in 2003, said in August that it was leaving Silicon Valley for Denver.
Lonsdale acknowledged that California?s high tax rate was one of the reasons he considered the move to Texas, which has no state income tax.
https://www.cnbc.com/2020/11/06/palantir-co-founder-joe-lonsdale-leaving-silicon-valley.html
Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley
Joe Lonsdale is moving the headquarters of 8VC, his venture firm, from San Francisco to Austin, Texas.
Palantir, the software company he co-founded in 2003, said in August that it was leaving Silicon Valley for Denver.
Lonsdale acknowledged that California?s high tax rate was one of the reasons he considered the move to Texas, which has no state income tax.
https://www.cnbc.com/2020/11/06/palantir-co-founder-joe-lonsdale-leaving-silicon-valley.html
irvinehomeowner
Well-known member
The article says "$7.21 billion earnings"... not taxable income.
Do you know if that's gross? EBITDA?
Do you know if that's gross? EBITDA?
irvinehomeowner
Well-known member
morekaos said:
And of that, what is taxable? Or does HP pull an Amazon and pays very little taxes? Context needed.
I think I found it... your numbers are off, $7.2B is just 4th quarter expected revenue, annual is $56.4B.
But... pretax annual income is $3.23B and in previous years, it looks like their tax was negative so not sure what that means.
https://www.marketwatch.com/investing/stock/HPQ/financials
You're just like a tabloid man... a purple fonted one.
morekaos
Well-known member
eyephone said:
You think that is bad Eye? Look at the restaurant biz...Chipotle does around $6 billion in revenue but has an EBITDA of around $500 million. Restaurants write off tons of plant equipment and depreciation. Not really good tax payers so your examples , although well known, don't really pay a lot of taxes anyway. These Big companies that are leaving (Toyota, Chevron, Hewlett and now maybe Tesla) pay tons in taxes, They are not easily replaced by start ups and venture cap firms. Cali has real built in problems right now that are not addressed by the current regime, in fact they only are making it worse.
qwerty
Well-known member
One thing the headlines don?t discuss because it isn?t a good headline is that taxable income gets apportioned to different states/countries so while a company is headquartered here in CA they probably are not paying taxes on all of the taxable income in CA. It may be a much lower % of taxable income (google, etc). Also the the GAAP pretax income which is what companies report in their financials can be significantly different than taxable income for the purpose of the companies tax returns.
With that said, these companies leaving CA is not a good thing. California just happens to have a lot of them that when each one leaves it?s not felt as much. But eventually it will add up if they are not replaced. Putting aside the taxable income in CA these companies still generate a lot of economic activity aside from just taxes so in general it?s not good that they are leaving
With that said, these companies leaving CA is not a good thing. California just happens to have a lot of them that when each one leaves it?s not felt as much. But eventually it will add up if they are not replaced. Putting aside the taxable income in CA these companies still generate a lot of economic activity aside from just taxes so in general it?s not good that they are leaving
morekaos
Well-known member
...additionally these companies employ hundreds of thousands in our state. Those people and jobs pay income taxes. When they leave they take those jobs and all that revenue with them. Its not just Bye Buy Hewlett or Chevron...its Bye Bye employees and all the peripheral business they genterate.!
irvinehomeowner
Well-known member
qwerty said:
Always pushing Taco Bell. You are like Panda.
irvinehomeowner
Well-known member
qwerty said:
Nature abhors a vacuum.
Seems like there is always companies that step up and replaces what leaves.
My kids are waiting for something to replace Souplantation.
Did Toyota do better moving to Texas?
I assume financially yes
If I remember when they left they were considered #1 car company. Are they the #1 car company now? Some people would say NO.
It is all about Talent.
But I guess if there is any finger pointing. It is at the parent company in Japan. The American subsidiary just moved to Texas.
I assume financially yes
If I remember when they left they were considered #1 car company. Are they the #1 car company now? Some people would say NO.
It is all about Talent.
But I guess if there is any finger pointing. It is at the parent company in Japan. The American subsidiary just moved to Texas.
irvinehomeowner
Well-known member
Elon moved to Texas.
morekaos got a double.
morekaos got a double.