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Our great capitalist society...
On 9/4/2013 10:03 PM, Mr. Luddite wrote:
"F.O.A.D." wrote in message ... "Mr. Luddite" wrote: "F.O.A.D." wrote in message m... On 9/4/13 7:13 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 6:45 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 4:44 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message 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. ------------------------------------- How the heck is that a "subsidy"? Does MD have an excise tax on automobiles like MA does? Should you pay taxes on the current new value of a car, even if it's 10 years old? You don't think the home mortgage tax deduction is a subsidy of home ownership? --------------------------- No, I don't. I see it as a tax credit intended to encourage home ownership for as many as possible. It's not like someone else is paying the amount of the tax credit in order for you to get it. *That* would be a tax subsidy. Many economists, especially some of those closely affiliated with anti-tax groups, disagree with you. ------------------------- Good. Let them disagree. Take away the mortgage interest deduction and watch overall tax revenues *decrease* as the economy goes from slow forward to dead stop. ------------------------------ BTW ... I have no dog in this fight. We don't have a mortgage. All we pay is ridiculously high property taxes. Since you can deduct those property taxes from your federal and probably state tax return, you're receiving a subsidy there, too. -------------------------- Good. (I have no idea .... our accountant does all that stuff). I never thought of deductions as subsidies, but I guess I can see how you can view it that way. I'll take it. I know I've paid my share of taxes over the years. He doesn't pay taxes, so anything that lessens his delinquency is, to him, a subsidy. Even his room and board is 100% subsidized. |
Our great capitalist society...
On 9/5/2013 6:33 AM, F.O.A.D. wrote:
On 9/4/13 10:03 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message ... "Mr. Luddite" wrote: "F.O.A.D." wrote in message m... On 9/4/13 7:13 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 6:45 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 4:44 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message 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. ------------------------------------- How the heck is that a "subsidy"? Does MD have an excise tax on automobiles like MA does? Should you pay taxes on the current new value of a car, even if it's 10 years old? You don't think the home mortgage tax deduction is a subsidy of home ownership? --------------------------- No, I don't. I see it as a tax credit intended to encourage home ownership for as many as possible. It's not like someone else is paying the amount of the tax credit in order for you to get it. *That* would be a tax subsidy. Many economists, especially some of those closely affiliated with anti-tax groups, disagree with you. ------------------------- Good. Let them disagree. Take away the mortgage interest deduction and watch overall tax revenues *decrease* as the economy goes from slow forward to dead stop. ------------------------------ BTW ... I have no dog in this fight. We don't have a mortgage. All we pay is ridiculously high property taxes. Since you can deduct those property taxes from your federal and probably state tax return, you're receiving a subsidy there, too. -------------------------- Good. (I have no idea .... our accountant does all that stuff). I never thought of deductions as subsidies, but I guess I can see how you can view it that way. I'll take it. I know I've paid my share of taxes over the years. I'm sure your accountant finds you every deduction to which you are entitled. I'll bet you don't have an accountant or even a tax preparer. |
Our great capitalist society...
On 9/5/2013 11:12 AM, wrote:
On Thu, 5 Sep 2013 07:53:28 -0400, iBoaterer wrote: In article , says... So you admit Amtrak is a welfare program. I admit that Amtrak receives subsidies, and never said otherwise. But I am bright enough to know and understand that the airline industry does as well! It is not really a subsidy if the money comes from the airline passengers themselves. It is just another fee, like paying for luggage or a drink. Amtrack passengers get a certain percentage of their ride paid for by taxpayers who have never ridden on a train. Ahha. Taxation without representation. Leveling the playing field, robbing Peter to pay Paul. etc. |
Our great capitalist society...
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Our great capitalist society...
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Our great capitalist society...
On 9/5/13 12:05 PM, wrote:
On Thu, 5 Sep 2013 11:20:46 -0400, iBoaterer wrote: In article , says... On Thu, 5 Sep 2013 07:53:28 -0400, iBoaterer wrote: In article , says... So you admit Amtrak is a welfare program. I admit that Amtrak receives subsidies, and never said otherwise. But I am bright enough to know and understand that the airline industry does as well! It is not really a subsidy if the money comes from the airline passengers themselves. It is just another fee, like paying for luggage or a drink. Amtrack passengers get a certain percentage of their ride paid for by taxpayers who have never ridden on a train. As does the airlines. I've shown you over and over, you just refuse to see it. You have shown where the money goes but you ignore where it came from. The money the federal government spends on airlines comes from ticket taxes. There is a separate tax for some of the services (airport tax, TSA tax, ATC tax) plus a 7.5% slush fund tax for everything else. It is a user fee. The airline itself is a private company that needs to price the ticket itself high enough to pay their bills and return money to the stock holder. Amtrak can't even cover the price of running the train from their ticket price and all of the other money comes from the general public. If Amtrack actually charged a fair price, Harry's ticket to Florida would be about $1500 and that would still not cover terminal, track and security costs. Naw. Our ticket prices would still be... $0.00 for the overnight sleeper. |
Our great capitalist society...
On Thu, 05 Sep 2013 14:45:31 -0400, wrote:
On Thu, 05 Sep 2013 14:04:09 -0400, John H wrote: On Wed, 04 Sep 2013 22:42:10 -0400, wrote: On 5 Sep 2013 00:42:17 GMT, F.O.A.D. wrote: BTW ... I have no dog in this fight. We don't have a mortgage. All we pay is ridiculously high property taxes. Since you can deduct those property taxes from your federal and probably state tax return, you're receiving a subsidy there, too. Most people without a mortgage, don't have enough deductions to itemize. Gifts to charity, state, and property taxes allow my itemization. John (Gun Nut) H. You must have some humongous taxes. My real estate taxes are $1600 and no state income tax. Last year's state income tax, real estate and property taxes came to over 15K. If I could convince my wife to move to NC, we'd probably save about 12K of that. John (Gun Nut) H. -- Hope you're having a great day! |
Our great capitalist society...
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Our great capitalist society...
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