"Harry Krause" wrote in message
...
NOYB wrote:
"Harry Krause" wrote in message
...
NOYB wrote:
"Harry Krause" wrote in message
...
NOYB wrote:
"Harry Krause" wrote in message
...
NOYB wrote:
"WaIIy" wrote in message
...
On Fri, 15 Oct 2004 11:05:46 -0400, Harry Krause
wrote:

The best thing that can happen to smug righties is horrific
personal
disaster, such as loss of a good job and inability to find a new
good
job, loss of a close family member with devastating bills to pay,
loss
of a home due to a natural disaster, et cetera.

You are a true nutcase.


Smart people plan for the disasters. Although I've been blessed
with
good
fortune, I know that things could change in an instant. That's why
I
spend
tens of thousands of dollars every year on insurance...for life,
disability,
natural disasters, etc.



It's wonderful when the taxpayers subsidize you, eh?

The interest on half of my student loan was subsidized...but ONLY
WHILE
I
WAS IN SCHOOL. But none of the interest is subsidized for the next
25
years
that I'm paying it off.


What? You don't write off the premiums on your many insurance
policies?

A write-off is not a subsidy. It's my money that I'm saving...not the
government's.




A write-off is a subsidy.

If you write off insurance or depreciation, it comes off your gross
income and lowers the number on which you pay taxes. It is a subsidy.

You've just demonstrated *the* fundamental difference between Republicans
and Democrats. If I get a tax break, or a tax refund, or a tax
write-off,
it's not a subsidy. It's *my* money. By your warped definition a tax
cut
is a subsidy. Absurd!

Let's say you bought one of those $60,000 big trucks or SUVS for your
business. After all, dentists need SUVs to drill teeth, right? Anyway,
up until recently, you could write off that entire cost against your
business income. In other words, that purchase lowered your taxable
income by $60,000 because you were able to take advantage of a special
loophole not granted to payroll employees. It is a subsidy. The
taxpayers subsidized your purchase of that SUV.


Wrong. An SUV is not a legitimate expense for a dental office. So it's not
a subsidy...it's tax evasion and illegal.


You mentioned my insurance policies. Let's say the government didn't give
me a write-off for those expenses, and I decided that I didn't want to buy
the insurance. It benefits the government that I'm insured in the event of
a disability or a total loss of my home, because then they won't have to
bail me out if catastrophe strikes. I'm effectively subsidizing them by
buying the insurance.

Even if you don't see it that way, the fact of the matter is that insurance
is an expense of doing business. Expenses deduct from the bottom line.
Since we're only taxed on the bottom line, then why would I pay taxes on
something that is expensed?

BTW--I pay my disability and life insurance with after-tax money...because
then the pay-out comes tax-free to me or my heirs.