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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. |
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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! |
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In article , says...
On Tue, 03 Sep 2013 12:15:36 -0400, "F.O.A.D." wrote: On 9/3/13 12:10 PM, iBoaterer wrote: In article , says... On Tue, 3 Sep 2013 07:39:10 -0400, iBoaterer wrote: Part of the cost of your travel to Jax is subsidized by taxpayers although Amtrak has done better this year, requiring only $1.3 billion in federal subsidizes compared to $1.4 billion in 2012. Air travel is subsidized as well. Cite You're kidding, right??? http://en.wikipedia.org/wiki/Essential_Air_Service http://tinyurl.com/882ckbl Airlines and those who buy new planes for airlines don't write off those purchases? That is a subsidy. Bull**** Business purchases are deductible, no matter what you buy. I bet you took a 194 on that printer you bought. I thought it was a 179 deduction? I used that one quite often. |
Our great capitalist society...
In article , says...
On Tue, 3 Sep 2013 07:43:04 -0400, iBoaterer wrote: In article , says... On Mon, 02 Sep 2013 14:05:11 -0400, "F.O.A.D." wrote: Most of our airports are obsolete and our interstate highway system is crumbling, along with our power grid. So spend a few billion fixing the airports and interstates, not a trillion on trains nobody will ride. Who told you that no one will ride high speed trains in all of the major corridors? I have said many times, in a few highly traveled corridors, trains make sense but that is not 99% of the country. BTW I am not sure which airports are obsolete. Ours is brand new and Florida takes pretty good care of their roads. Maybe that is because they don't siphon highway tax money off for ill thought out mass transit schemes. Funny, highly government airports are okay with you, as are tax dollars to expand roads to them, but subsidized high speed rail is bad..... What "subsidy". Airlines pay the transit authority to run the airport. Concessionaires pay for the right to operate there. The airlines themselves are independent corporations This is right on the RSW web site "Operating Budget $106.6 million for fiscal year 2012-13. LCPA operates as an enterprise fund with revenue generated from airport operations. No ad valorem (property) tax dollars support airport operations or construction". RSW made $929,000 last year (net) http://www.flylcpa.com/uploads/pagesfiles/1124.pdf Rail lines need a direct subsidy, just to keep the train moving. Boston, New York, Philidephia and Washington DC is the high speed corridor. Boston to New York = 200 miles. New York to Philidelphia = 100 miles. Philidelphia to Washington DC = 150 miles. How long does it take you to go from 0 to 250 and then back to 0 again in 100 miles, 150 miles and 200 miles. How much time is needed in New York and Philidelphia to embark and disembark passengers? Is it really worth all of the money to purchase the right of ways, build new over and underpasses to support the high speed rail? No |
Our great capitalist society...
In article , says...
On 9/4/13 8:12 AM, iBoaterer wrote: In article , says... On Tue, 3 Sep 2013 15:47:37 -0400, iBoaterer wrote: In article , says... On Tue, 03 Sep 2013 11:48:38 -0400, Wayne.B wrote: On Tue, 03 Sep 2013 10:58:12 -0400, wrote: What "subsidy". === The FAA and the air traffic control system. ATC could easily be privatized (like Canada), as could TSA (it used to be). Sure it could, and then the airlines would go broke without the subsidy. That is nothing more than governmental creep. If the airlines had to pay back every dime of the FAA cost of ATC it would be about $10 a flight per passenger. A private operator would do it cheaper, no doubt. cite? Once you actually dig into the numbers, the whole idea of an airline "subsidy" falls apart. These are services 100% funded by ticket taxes http://tinyurl.com/l8m7yp4 Thank you, good job. Ticket taxes are subsidies. In fact the DOT is actually making over a billion dollars on these taxes, presumably being spent on other projects. Cite that. They collect about $18 billion in ticket taxes and fees, the total aviation budget for aviation is a tad over $16 billion. http://www.dot.gov/sites/dot.dev/fil...ial-report.pdf Expense Air Transportation 16,004,333 Here's more on the subsidies to airlines that apparently you don't know about: http://tinyurl.com/l2sgahq Let's not forget the depreciation allowances airlines get for buying equipment. These are subsidies. Let's not forget about all of the union labor that is used to build those new airplanes that the government allows the airlines to depreciate. Your view of economics is stilted. |
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In article , says...
On Tue, 03 Sep 2013 15:39:45 -0400, wrote: On Tue, 03 Sep 2013 12:50:13 -0400, Wayne.B wrote: On Tue, 03 Sep 2013 11:36:00 -0400, John H wrote: Been on I-95 lately? === NY to Jacksonville just a week ago, other than traffic issues south of Baltimore, not all that bad in my opinion. Are they still adding a lane to the DC Beltway? They always seem to be adding another one. They added an EZ Pass lane that goes roughly from Braddock Rd to Tysons corner. I've not used it, and have seen very little traffic on it. But, I don't get on the beltway during rush hour. John (Gun Nut) H. I can see where the EZ Pass lanes can be beneficial but, I have never seen its capacity greater than 5 cars per mile. |
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In article , says...
"BAR" wrote in message . .. In article , says... On 9/3/13 11:30 AM, wrote: On Tue, 3 Sep 2013 09:57:25 -0400, iBoaterer wrote: No, it's mostly a stigma, people think elevated trains, they think noise, they think unsafe, etc. Add to that that for some reason beyond me, there are a LOT of people in the U.S. who just fear and loathe any new technology. Elevated trains ARE noisier and if they derail, over a major road, they are a lot more dangerous. We are not talking about the Lake Street El here. You want that train going 150 MPH or more. BTW you keep saying "innovation" and "new technology" but this is 200 year old technology and every plan I have heard involves buying existing technology from Europe or Japan. Were is the innovation? Bringing high speed trains over from Europe would be new technology for this country, because we have no capability anymore for passenger rail innovation. We'd have to reverse engineer what they are doing across the big pond. If they change the octane of gasoline and it makes cars go faster is that new technology or an improvement on an existing technology. Fixed track trains are 200 years old and they only thing that has changed is how the locomotive is powered. ------------------------------ Well, some things on the train tracks have changed. Railroad "ties" are typically concrete now and the rail butts are welded and smooth. Ever notice that the "clackity-clack" sound of a train travelling down the track has disappeared? The locomotive still burns something to make the train move. There have been no real technological improvements in trains since they first appeared 200 years ago. |
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In article , says...
On 9/4/13 3:40 PM, wrote: On Wed, 04 Sep 2013 12:41:09 -0400, "F.O.A.D." wrote: On 9/4/13 12:33 PM, wrote: Avis makes a profit from my rental. CSX is not even covering their costs from Amtrak and that is actually tax money from people who never ride a train. Costs? What costs? Certainly not additional wear and tear, since a short passenger train weighs only a fraction of what a freight train ways, and there are only a couple of passenger trains a day between here and Florida. CSX's approach to track repair seems to be to repair it when a freight train derails. OK you may be right Amorak takes our tax money and gives it to CSX for the use of their track. How is that any more than another subsidy from people who never ride a train to the few who do? Our entire governmental system is based upon the many helping the few. Why should train travel be any different? Why should we be subsidizing the cost of flood insurance for those who purchase it? Our government should return to providing people with the oppourtunity to engage in economic enterprise. If you don't want to put forth the effort to help yourself why should you be allowed to take money from me to support your existence. You have proved that you don't support helping the unfortunate few because you don't pay your fair share of taxes. |
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In article , says...
On 9/4/13 5:19 PM, wrote: On Wed, 04 Sep 2013 15:43:26 -0400, "F.O.A.D." wrote: On 9/4/13 3:40 PM, wrote: On Wed, 04 Sep 2013 12:41:09 -0400, "F.O.A.D." wrote: On 9/4/13 12:33 PM, wrote: Avis makes a profit from my rental. CSX is not even covering their costs from Amtrak and that is actually tax money from people who never ride a train. Costs? What costs? Certainly not additional wear and tear, since a short passenger train weighs only a fraction of what a freight train ways, and there are only a couple of passenger trains a day between here and Florida. CSX's approach to track repair seems to be to repair it when a freight train derails. OK you may be right Amorak takes our tax money and gives it to CSX for the use of their track. How is that any more than another subsidy from people who never ride a train to the few who do? Our entire governmental system is based upon the many helping the few. Why should train travel be any different? Why should we be subsidizing the cost of flood insurance for those who purchase it? So you admit Amtrak is a welfare program. I just picked the example I knew would get a rise out of you. There are Your view of your intelligence and capabilities far out paces reality. many programs subsidized by us that benefit the relatively few. Some, such as research for rare diseases, are necessary for a civilization to engage in if it is truly civilized. Some are not. I'm sure we could each make up a list that satisfies our side in this discussion. Who pays to maintain all those canals you southern Floridians so like? Why are we subsidizing you? Have you paid your taxes yet? |
Our great capitalist society...
On Thu, 05 Sep 2013 23:25:17 -0400, wrote:
On Thu, 05 Sep 2013 16:34:07 -0400, John H wrote: On Thu, 05 Sep 2013 15:25:11 -0400, wrote: On Thu, 05 Sep 2013 15:11:41 -0400, John H wrote: Last year's state income tax, real estate and property taxes came to over 15K. YIKES ! For that kind of money I would want the state to mow my lawn, clean my pool and shovel the driveway. Instead you just get renegade cops who sink your boat Were those Virginia guys? I didn't pay that much attention. I thought they were DC cops. John (Gun Nut) H. DC cops, Virginia boat Given that, I wouldn't be surprised if the boat was stolen by the DC cops. They've been having their share of ethical problems lately. I think ****ty ethics roll downhill. John (Gun Nut) H. -- Hope you're having a great day! |
Our great capitalist society...
True North wrote:
You guys can deduct your property taxes from your information come taxes?? I'd love to have that benefit. What is/are "information come taxes", moron? |
Our great capitalist society...
On Friday, September 6, 2013 10:07:34 PM UTC-4, Earl wrote:
True North wrote: You guys can deduct your property taxes from your information come taxes?? I'd love to have that benefit. What is/are "information come taxes", moron? You would think they'd be able to deduct property taxes given the hundreds of lines for deductions on their income tax forms. |
Our great capitalist society...
On 9/7/2013 9:17 AM, John H wrote:
On Friday, September 6, 2013 10:07:34 PM UTC-4, Earl wrote: True North wrote: You guys can deduct your property taxes from your information come taxes?? I'd love to have that benefit. What is/are "information come taxes", moron? You would think they'd be able to deduct property taxes given the hundreds of lines for deductions on their income tax forms. He should be able to deduct something. He pays more taxes than Harry, and Harry seems to be able to deduct everything. ;-) |
Our great capitalist society...
On Sat, 07 Sep 2013 09:53:03 -0400, Hank©
wrote: On 9/7/2013 9:17 AM, John H wrote: On Friday, September 6, 2013 10:07:34 PM UTC-4, Earl wrote: True North wrote: You guys can deduct your property taxes from your information come taxes?? I'd love to have that benefit. What is/are "information come taxes", moron? You would think they'd be able to deduct property taxes given the hundreds of lines for deductions on their income tax forms. He should be able to deduct something. He pays more taxes than Harry, and Harry seems to be able to deduct everything. ;-) === Harry is *special*, just ask him. |
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In article , says...
On Wed, 4 Sep 2013 08:19:26 -0400, BAR wrote: In article , says... On 9/3/13 11:30 AM, wrote: On Tue, 3 Sep 2013 09:57:25 -0400, iBoaterer wrote: No, it's mostly a stigma, people think elevated trains, they think noise, they think unsafe, etc. Add to that that for some reason beyond me, there are a LOT of people in the U.S. who just fear and loathe any new technology. Elevated trains ARE noisier and if they derail, over a major road, they are a lot more dangerous. We are not talking about the Lake Street El here. You want that train going 150 MPH or more. BTW you keep saying "innovation" and "new technology" but this is 200 year old technology and every plan I have heard involves buying existing technology from Europe or Japan. Were is the innovation? Bringing high speed trains over from Europe would be new technology for this country, because we have no capability anymore for passenger rail innovation. We'd have to reverse engineer what they are doing across the big pond. If they change the octane of gasoline and it makes cars go faster is that new technology or an improvement on an existing technology. Fixed track trains are 200 years old and they only thing that has changed is how the locomotive is powered. Electric trains running off a catenary is over 100 years old It is just a long extension cord. |
Our great capitalist society...
In article , says...
On 9/4/13 4:51 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 12:16 PM, wrote: On Wed, 04 Sep 2013 11:09:12 -0400, "F.O.A.D." wrote: 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. Every business in the US gets them too (even your little hobby). That is not the same as a direct cash infusion like we give passenger rail. A subsidy by any other name would not smell as sweet, eh? ------------------------- I don't understand what you are talking about. I go out and buy a brand new piece of equipment for my business .... call it a fork truck. I pay the full value of the fork truck to the manufacturer. I use the fork truck in the business. Over the years it depreciates in value. I use the depreciation tables as to it's value when filing taxes. How the hell is *that* a subsidy? Special tax breaks for depreciation are tax expenditures because they are government spending programs that give out tax breaks instead of direct payments. Who benefits the most from the depreciation deduction? Is it the business or is it the employees using newer safer equipment or is it the company that built the equipement being depreciated. |
Our great capitalist society...
In article , says...
On 9/4/13 7:56 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 6:51 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message ... On 9/4/13 4:51 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 12:16 PM, wrote: On Wed, 04 Sep 2013 11:09:12 -0400, "F.O.A.D." wrote: 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. Every business in the US gets them too (even your little hobby). That is not the same as a direct cash infusion like we give passenger rail. A subsidy by any other name would not smell as sweet, eh? ------------------------- I don't understand what you are talking about. I go out and buy a brand new piece of equipment for my business .... call it a fork truck. I pay the full value of the fork truck to the manufacturer. I use the fork truck in the business. Over the years it depreciates in value. I use the depreciation tables as to it's value when filing taxes. How the hell is *that* a subsidy? Special tax breaks for depreciation are tax expenditures because they are government spending programs that give out tax breaks instead of direct payments. --------------------------- Different animal altogether. Tax breaks on investments that are intended to stimulate purchases or further technology is one thing. Good example is the federal tax credits given if you buy an electric or hybrid auto or if you install solar panels on your business or house. Those are subsidized purchases in the respect that you "get back" in tax credits some of your investment costs. Depreciating the value of purchases of equipment used in businesses .... even cars .... according to a standard depreciation schedule is not a "subsidy" of any kind or shape. Really? The net effect is a lowering of taxes...a subsidy allowed by the government. --------------------------------- Lowering from what? Home ownership spurs the economy in a big way. The more people who can legitimately buy a house (and make the payments), the more snowballing effect it has on the economy. Construction goes up, appliance sales go up, unemployment goes down and tax revenues increase. It's not a subsidy. It's a tax incentive for home ownership that increases tax revenues. A tax incentive is a subsidy. Why is anyone talking tax policy with you, you don't believe in and have demonstrated that you are not subject to the tax laws that speak of. When you provide proof that you have paid all of your taxes, current and in arearrs, and your debts then maybe you will have a leg to stand on. |
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In article , says...
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. $6000 here in the Democratic Peoples Republic of Montgomery County and the Democratic Republic of Maryland. |
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In article , says...
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. I know of a lot of people who have retired to Emerald Isle in NC. |
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On 9/8/2013 9:35 AM, BAR wrote:
In article , says... On 9/4/13 4:51 PM, Mr. Luddite wrote: "F.O.A.D." wrote in message m... On 9/4/13 12:16 PM, wrote: On Wed, 04 Sep 2013 11:09:12 -0400, "F.O.A.D." wrote: 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. Every business in the US gets them too (even your little hobby). That is not the same as a direct cash infusion like we give passenger rail. A subsidy by any other name would not smell as sweet, eh? ------------------------- I don't understand what you are talking about. I go out and buy a brand new piece of equipment for my business .... call it a fork truck. I pay the full value of the fork truck to the manufacturer. I use the fork truck in the business. Over the years it depreciates in value. I use the depreciation tables as to it's value when filing taxes. How the hell is *that* a subsidy? Special tax breaks for depreciation are tax expenditures because they are government spending programs that give out tax breaks instead of direct payments. Who benefits the most from the depreciation deduction? Is it the business or is it the employees using newer safer equipment or is it the company that built the equipement being depreciated. Everyone benefits from lowered taxes and less government. |
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On Wed, 04 Sep 2013 17:00:16 -0400, "F.O.A.D." wrote:
Special tax breaks for depreciation are tax expenditures because they are government spending programs that give out tax breaks instead of direct payments. === There are no special tax breaks for depreciation. Depreciation is an accounting concept that recognizes that the cost of buying new equipment should be spread out over some period of time as opposed to being deducted all in one year. Businesses should be able to deduct their costs don't you think? I'm sure you have always deducted yours. |
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