Poor little rich guys

Discussion in 'Politics' started by onecut39, Jul 1, 2012.

  1. onecut39
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    onecut39 VIP Member

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    Article pretty much speaks for itself. It is interesting that even the KATO and Heritage foundations agree with it.

    Corporate Subsidies | CPSN
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    Of course CATO and Heritage agree....A lot of those subsides are for foolish crap like ETOH processing and erecting goofy windmills.
     
  3. onecut39
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    onecut39 VIP Member

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    If you read the article that is not what they dislike.
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Lengthy article, so I chose to focus on the secton Oil and Gas Subsidies.

    Total bullshit. Don't waste your time.
     
  5. konradv
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    konradv Gold Member

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    If reading is what you want, you're talking to the wrong person. Hard to read and shoot from the hip at the same time! :D
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    Here's a good piece of horseshit copied directly from the article:

    1. Intangible drilling costs. Firms engaged in the exploration and development of oil or gas properties may expense (deduct in the year paid or incurred) certain types of drilling expenditures from their taxes.

    WRONG

    These expenditures are deducted from gross revenues which ultimately reduces the taxable income.

    In other words, why pay tax on revenues that are re-invested into an industrial process that has no guarantee of generating more revenues?

    Again- total bullshit. Fucked up article.
     
  7. Oddball
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    Oddball BANNED Supporting Member

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    Oh, so we're back to playing the old game of calling capital depreciation a "subsidy" again, huh?

    What a joke. :lol:
     
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  8. Mr. H.
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    Mr. H. Diamond Member

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    After reading still further into the Oil and Gas discussion of this article, I'm so pissed I can't see straight. Utter nonsense written by utter morons.

    onecut, you should be ashamed for even posting the link.
     
  9. Quantum Windbag
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    Quantum Windbag Gold Member

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    If you read CATO that is exactly what they dislike, among other things you support.
     

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