Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (643991)	1/29/2012 2:40:50 PM
From: J_F_Shepard	Read Replies (2) of 1580737

-" Targeted tax breaks aren't really subsidies (at least not if they aren't refundable credits). They have the same or almost the same economic incentive effects as subsidies, so I'll sometimes call them "effective subsidies", but they are the government taking less from someone not giving to someone." They are being subsidized because the government is helping they pay a certain amount of taxes that they would normally have to pay..... If it makes you feel better call them "targeted tax breaks" like when you are allowed to deduct your mortgage interest from your taxes... A rose by any other name still smells the same... Allowing businesses to deduct various expenses is a tax break that you or I don't get....especially those that given to specific people of business by an act of law....could just all be called a subsidy... Are the oil companies losing money???

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