FACT: Tax Breaks are NOT Subsidies!

Discussion in 'Politics' started by tooAlive, Dec 19, 2012.

  1. tooAlive
    Offline

    tooAlive Silver Member

    Joined:
    Oct 26, 2012
    Messages:
    1,450
    Thanks Received:
    213
    Trophy Points:
    98
    Location:
    United States
    Ratings:
    +214
    I thought this was common knowledge but apparently it's not. Hopefully this thread will finally put this misconception to rest.

    As you can see, a tax break could not possibly classify as a subsidy. A tax break is not a gift, nor is it financial assistance; it's simply allowing a person or corporation to keep more of the money that is already theirs.

    Here's another great example of why tax breaks are nowhere near being considered subsidies.

    The Difference Between a Tax Break and a Subsidy - Reason.com

     
  2. Vast LWC
    Offline

    Vast LWC <-Mohammed

    Joined:
    Aug 4, 2009
    Messages:
    10,390
    Thanks Received:
    871
    Trophy Points:
    48
    Location:
    New York
    Ratings:
    +871
    LOL.

    6 of one, half dozen of the other.

    If you are getting a tax break that everyone else isn't getting, then it's a subsidy.

    You are being given an advantage over other people by having to pay less than your fair share in taxes.

    It's a subsidy.

    If said tax break applied to EVERYONE, then it wouldn't be a subsidy.
     
    • Thank You! Thank You! x 1
  3. OohPooPahDoo
    Offline

    OohPooPahDoo Gold Member

    Joined:
    May 11, 2011
    Messages:
    15,342
    Thanks Received:
    976
    Trophy Points:
    175
    Location:
    N'Awlins Mid-City
    Ratings:
    +1,320


    Bullshit. Money that a company owes in taxes isn't "already theirs" - by definition it belongs to the U.S. Treasury.
     
    • Thank You! Thank You! x 1
    Last edited: Dec 19, 2012
  4. tooAlive
    Offline

    tooAlive Silver Member

    Joined:
    Oct 26, 2012
    Messages:
    1,450
    Thanks Received:
    213
    Trophy Points:
    98
    Location:
    United States
    Ratings:
    +214
    They are available to everyone.
     
  5. tooAlive
    Offline

    tooAlive Silver Member

    Joined:
    Oct 26, 2012
    Messages:
    1,450
    Thanks Received:
    213
    Trophy Points:
    98
    Location:
    United States
    Ratings:
    +214
    No, you're wrong.

    Money that a company earns belongs to them. Being able to keep more of it via tax breaks does not constitute as a gift for that company.

    The money is already theirs. The government isn't giving them money they didn't already have.

    By definition, a subsidy would mean they're receiving money from the government. They aren't.

    So no, tax breaks aren't subsidies.
     
    Last edited: Dec 19, 2012
  6. OohPooPahDoo
    Offline

    OohPooPahDoo Gold Member

    Joined:
    May 11, 2011
    Messages:
    15,342
    Thanks Received:
    976
    Trophy Points:
    175
    Location:
    N'Awlins Mid-City
    Ratings:
    +1,320
    Not when they owe it in taxes.

    It sure the fuck does.


    No, it isn't. It belongs to the U.S. Treasury. That's how taxes work you dumbfuck.



    If what you are saying is true, that means if I get all of my tax money back as credits for whatever reason, I'm a taxpayer. That's most assuredly NOT the position taken by your right wing friends.
     
    Last edited: Dec 19, 2012
  7. tooAlive
    Offline

    tooAlive Silver Member

    Joined:
    Oct 26, 2012
    Messages:
    1,450
    Thanks Received:
    213
    Trophy Points:
    98
    Location:
    United States
    Ratings:
    +214
    You couldn't be further from the truth.

    If those companies were to be subsidized, they would have to be receiving taxpayer dollars from the government. They aren't.

    Now, when the government bails out big corporations, that would be considered a subsidy.

    But a tax break? Gimme a break. The government is allowing them to keep more of their own money.
     
  8. Vast LWC
    Offline

    Vast LWC <-Mohammed

    Joined:
    Aug 4, 2009
    Messages:
    10,390
    Thanks Received:
    871
    Trophy Points:
    48
    Location:
    New York
    Ratings:
    +871
    OK, first of all, "domestic manufacturing companies" is not "everyone". And the tax break in question would in fact be a "Manufacturing Subsidy".

    Putting that aside, however, "a credit for taxes paid to foreign countries"???

    Are you kidding me? And you're complaining because people want that done away with?
     
  9. tooAlive
    Offline

    tooAlive Silver Member

    Joined:
    Oct 26, 2012
    Messages:
    1,450
    Thanks Received:
    213
    Trophy Points:
    98
    Location:
    United States
    Ratings:
    +214
    They don't owe that money.

    The government allowed them to keep that money (which was already theirs) via a tax break.

    So they don't owe it to anybody.
     
  10. Darkwind
    Offline

    Darkwind Gold Member

    Joined:
    Jun 18, 2009
    Messages:
    14,151
    Thanks Received:
    2,593
    Trophy Points:
    245
    Ratings:
    +4,265
    The problem is that liberals believe that the government gets first cut.

    They don't.

    Government is NOT entitled to an income.
     

Share This Page