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.

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.

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.

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.

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.

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.

In article , says...

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.

And watch what happens to the home building industry.

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.