Skull Pilot
Diamond Member
- Nov 17, 2007
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They are not "subsidies" they are right offs for the costs of doing business, just like any business gets right offs thats it
It's Write offs not right offs
And if oil companies get tax write offs that other companies don't it's the same as a government subsidy
Archived-Articles: About Those Oil Subsidies
You see oil companies get special consideration on some of their write offs that other businesses, like mine for example, don't get.
Oil in the ground is treated as capital equipment (that's special treatment under the law that other businesses don't get)
Oil companies get to take 100% depreciation of the cost of drilling equipment in the first year. All other businesses have to follow depreciation schedules. That is special treatment under the law.
All companies, businesses and people for that matter should be treated exactly the same under the law and that clearly is not happening.
oop sorry...they are still write offs, doesn't matter, we don't send them money as the liberals would have us believe. The government still makes far more off the oil companies then they actually make themselves
Different treatment under the law that allows a business to pay less in taxes is the same as a subsidy.