"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.

"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.

You guys can deduct your property taxes from your information come taxes??
I'd love to have that benefit.

On 9/4/13 9:28 PM, True North wrote:
You guys can deduct your property taxes from your information come taxes??
I'd love to have that benefit.


Indeed, the government subsidizes home purchases. And if your boat has a
toilet and a few other necessities, you can deduct the interest on the
boat loan.

On Wednesday, September 4, 2013 9:28:20 PM UTC-4, True North wrote:
You guys can deduct your property taxes from your information come taxes??

I'd love to have that benefit.



Go learn to backup a trailered Boat, ****head

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?

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.

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. ;-)

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.

"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.