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F.O.A.D.

On 9/4/13 4:44 PM, Mr. Luddite wrote:

"F.O.A.D." wrote in message
m...

On 9/4/13 10:59 AM, wrote:
On Wed, 04 Sep 2013 08:15:00 -0400, "F.O.A.D." wrote:

Let's not forget the depreciation allowances airlines get for buying
equipment. These are subsidies.

What business doesn't get depreciation allowances?

You didn't answer but I bet you took an accelerated depreciation
allowance on your new printer. If you didn't, fire your accountant.

You folks are really stretching to find these mythical subsidies but
the fact is the passenger is paying more than the government gives
them back.
That is far from true in rail where the ticket price doesn't even
cover the cost of running the train.

There's nothing mythical about depreciation allowances, and they are
subsidies.

Period.

----------------------------

My business made significant investments in manufacturing and
engineering equipment. They were depreciated as allowed under tax laws
every year. I never knew they were a "subsidy".

Same sort of subsidy as homeowners get on their mortgage interest.