Toyota Camry supports three-times more American workers than other top-ranked ... - Torque News
The term American-made has more than one definition. No matter which organization publishes the American-made cars list Toyota’s most popular models always rank high. com list, the Camry is Number one and the Sienna number two. That ranking was done by the Kogod School of Business at American University in Washington, D. C. I have communicated a few times with the main author of the list and he is a good man with no hidden agenda I can detect. However, he uses a different ranking system that puts other vehicles ahead of the Toyota on the top overall rankings. The tipping point, if you will, for the list he uses has to do with assigning some value to the “Profit and Tax” part of the rankings. In a nutshell, GM and Ford get an extra 6% because they are companies founded here and theoretically, they contribute more to the economy because of the taxes they pay on profits. It first assumes there are profits, and then it assumes taxes are paid on those profits. In 2009 when GM was granted a very unusual and unique trip through bankruptcy, GM got an unheard of deal. The upshot is GM does not have to pay federal taxes on its profits if it chooses not to for decades. Source: www.torquenews.com
