Use *My Carbon Tax* to estimate and send Carbon Tax bills to businesses or individuals - to get them to pay their fair share of the carbon offsets needed to stop climate change and save our failing biosphere.
Use *My Carbon Tax* to estimate your or your business's Carbon Tax too.
How to estimate a Carbon Tax bill for a company, a person or for yourself, and send ::
1/ Find out or estimate the company's net profit, the person's net pay or your net pay.
2/ Multiply the net profit or net pay X 7% [for a company] or X 3.5% [for an individual]. *
3/ Send that Carbon Tax bill estimate to the relevant business or individual via social media and/or email - with a link to XOEarth.org/My-Carbon-Tax or a note explaining the bill.
Or, pay that Carbon Tax if it is for your business or yourself.
Example of a Carbon Tax bill and the link sent via Twitter or Facebook ::
Hello @ExxonMobil XOM, Have you paid your 2018 $546 million Carbon Tax bill? Please tell us! XOEarth.org/My-Carbon-Tax #ClimateChange
Example of a Carbon Tax bill and the note sent via email or Facebook ::
Hello and a Livable Earth to [ExxonMobil XOM / company name] ::
This is a copy of your 2018 [$546 million / or relevant tax] Carbon Tax bill.
Your Carbon Tax bill is an estimate of how much your business or you should pay to your favorite carbon offset organization.
Please pay your fair share to help slow down climate change and keep our planet livable.
If you have already paid your Carbon Tax bill, proudly announce it on your social networks so we can thank you and celebrate your eco logical commitment.
When you post about your Carbon Tax bill payment, include the name of the carbon offset organization and/or project that you funded, and link to that organization's acknowledgement showing that you have paid your Carbon Tax / carbon offset. Announce your Carbon Tax payment on your website too.
Your payment will help fund projects that offset the dangerous impacts of your CO2 pollution on humanity and other species. These projects may include tropical and boreal reforestation, leaky natural-gas wells repair, abandoned-landfill methane gas collection, methane capture from abandoned farm waste ponds, protecting forests from illegal logging, small hydro funding, wind farm funding, energy efficiency programs, tree planting and waste energy capture.
A company Carbon Tax bill calculation is based on net income, estimated wages and salaries paid, World Bank CO2 emissions metrics, and a US$104 per tonne of CO2 emissions Carbon Tax. An individual Carbon Tax bill excludes wages and salaries paid in its calculation.
The US$104 Carbon Tax is lower than some recommendations. Sweden's 2017 rate is US$132 per tonn.
This Carbon Tax is in addition to your sustainability expenditures, renewable energy choices and sustainable investments. This is because, not only are your sustainability expenditures and investments the ethical thing to do, they can save you money later, increase customer loyalty and reduce your taxes.
This Carbon Tax is also additional because we all need to go big or risk the total loss of our biosphere - with some scientists saying as early 2035. [Go Big or No Home.]
To honor you for paying your Carbon Tax, I will continue to be one of your loyal customers or fans. I will also thank you for paying your Carbon Tax via my social networks and recommend your business.
Thank you big time for paying your Carbon Tax bill and helping fight climate change.
For all the life, Stele Ely and Co-Signers
PS: To review the basis for the $ amount of your Carbon Tax bill go to XOEarth.org/My-Carbon-Tax
Excellent carbon offset organizations include ::
+ TheNatureConservancy.org / greenliving/carboncalculator
+ ArborDay.org /carbon
+ RenewableChoice.com / services/energy-attribute-certificates
Dear Earth Warriors who join us in sending out My Carbon Tax bills ::
Thanks from 4,000 kids and creatures of the future for every Carbon Tax bill that you send out to a company or individual.
Thanks also from your own future self 😉 for sending out those bills, and for paying your own Carbon Tax bill.
Plus, every Carbon Tax bill that you send out helps build momentum for mandatory Carbon Taxes to pay for CO2 emission reduction projects.
Let's keep sending out those bills on behalf of our exquisite but endangered planet Earth. Let's get those bizzes and peeps to pay their fair share to stop the climate change hurricanes, heatwaves, floods, wildfires, sea level rise and other monsters.
For all the life, XOEarth Stele
* Basis for My Carbon Tax % - Summary ::
Company and individual Carbon Tax rates are based on the World Bank's estimate of CO2 emissions per US$1 of GDP, and, Carbon Tax per tonne recommendations from the United Nations, Climate Shock book, PHYS.org and others.
Basis for My Carbon Tax % - Details ::
+ The World Bank estimates that the CO2 emissions from one US dollar [US$1] of GDP is .35 kilograms. [.30 kg worldwide average] data.worldbank.org/indicator/EN.ATM.CO2E.PP.GD
+ Forbes writer Tim Worstall says that a company's fraction of the GDP can be assumed to be the net profit of the company, plus employee's wages and admin's compensation. www.forbes.com/sites/timworstall/2011/06/28/gdp-for-a-country-is-not-the-same-thing-as-turnover-for-a-business/
+ A United Nations paper says that carbon priced at US$100 per tonne would encourage sustainable energy use and pay for sustainable carbon reduction projects. UN Emissions Gap Report / by UN Environment authors www.unenvironment.org/resources/emissions-gap-report
+ Climate Shock book and/or presentations / by Gernot Wagner and Martin L. Weitzman say that carbon should be priced at least US$40 and up to US$400 a ton.
+ US$40 was the U.S. government’s valuation per tonne in 2015. [per Climate Shock book]
+ PHYS.org says a UNSW study shows a carbon price of between $50 and $100 per tonne of carbon dioxide would make coal-fired and gas-fired power less economical than renewable electricity. https://phys.org/news/2017-05-carbon-tax-climate-economists.html
+ So, we chose $104 a tonne to play it safe for our planet. [Read it as $100 for($4) the planet.]
+ Labor costs vary greatly by industry - but in general it seems runs from 10% to 30% of gross income, and roughly 100% to 400% of net income. www.bizstats.com/industry-financials.php
+ We chose a labor cost of 100% of net income as a rough estimate to get the My Carbon Tax rate for businesses.
+ When we say "labor costs" we are including all payments to labor for work done, employee wages, contract labor wages, administrative salaries and officer salaries.
Basis for the My Carbon Tax % - Formulas ::
US$104 per 1000 kg (1 tonne) / 1000 kg = US$.10 per kg
US$.10 per kg X .35 kg CO2 per US$1 = 0.035 per US$1 of GDP
0.035 per US$1 of GDP is 3.5%
Net income (of a company) X 2 (labor costs factor) = Net income X 2
[Business My Carbon Tax rate on net income] 2 X 0.035 = 0.07 [7%]
[Individual My Carbon Tax rate on net income] 0.035 = 0.035 [3.5%]
+ CNN.com / Sutter : There's a cheap, proven fix to the world's biggest problem
+ TheGuardian.com / Phillip Inman : Sky-high carbon tax needed to avoid climate catastrophe, say experts : Economists, including Joseph Stiglitz and Nicholas Stern, say taxes of $100 per metric tonne could be needed by 2030
+ NYTimes.com / Tina Rosenberg : Guess Who’s for a Carbon Tax Now
+ taxpolicycenter.org/briefing-book / What is a carbon tax?
+ TheGuardian.com / environment/carbon-tax
+ TheNatureConservancy.org / greenliving/carboncalculator FYI
+ Society, Ethics, and Technology, Update Edition 4th Edition / by Morton Winston and Ralph Edelbach 2011. "We recommend increasing this carbon tax by $20 per ton over the next 10 years for a total of $200..." "... High though this is, it does not come close to covering all the indirect costs of burning fossil fuels." pg 414
+ Cars, carbon taxes and CO2 emissions / by Julius Andersson 2017 Centre for Climate Change Economics and Policy [Sweden's carbon tax per ton of CO2 is US$132 in 2017]
+ PHYS.org / 2017 $100 carbon tax by 2030 could save climate, say economists.
+ TheGuardian.com / 2017 : To achieve Paris climate agreement’s limit of 2C rise, pricing will have to increase to more than $100 a tonne, claims Schroders.