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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (643998)1/29/2012 3:41:07 PM
From: TimF  Read Replies (2) of 1580821
 
They are being subsidized because the government is helping they pay a certain amount of taxes that they would normally have to pay

But the net flow of money is still to the government, so they are subsidizing the government not the other way around (assuming they have a recognized profit that they pay taxes on, and the subsidy either isn't refundable credits, or is smaller than the tax payment).

If it makes you feel better call them "targeted tax breaks" like when you are allowed to deduct your mortgage interest from your taxes.

Works for me.

Are the oil companies losing money?

Mostly not. Why do you ask?
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