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#1
posted to rec.boats
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Our great capitalist society...
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#2
posted to rec.boats
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Our great capitalist society...
On 9/4/2013 11:09 AM, 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. Tax incentives to encourage the purchase of stuff to help keep the economy going and generate more taxes. |
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#3
posted to rec.boats
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Our great capitalist society...
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#5
posted to rec.boats
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Our great capitalist society...
"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? |
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#6
posted to rec.boats
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Our great capitalist society...
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? |
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#7
posted to rec.boats
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Our great capitalist society...
"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. |
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#8
posted to rec.boats
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Our great capitalist society...
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. |
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#9
posted to rec.boats
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Our great capitalist society...
wrote in message news 
On Wed, 4 Sep 2013 19:13:52 -0400, "Mr. Luddite" wrote: 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. I agree with Harry, in fact I think I said it first. The mortgage interest deduction is a subsidy and it gets paid for by renters or cash buyers. The subsidy actually benefits bankers the most. It takes some of the sting out of interest rates and allows them to sell bigger loans. The homeowner may feel good when they write that big deduction on their schedule A but it is just a fraction of their own money coming back. --------------------------- You think? Take the mortgage interest deduction away and watch what happens to overall federal tax revenues. |
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#10
posted to rec.boats
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Our great capitalist society...
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? |
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