Louisiana residents petition to secede

Actually they are.

 

The context of the word "produced" in my sentence means to take a raw material to make something sell able. Are you are doing is playing word games to avoid the discussion at hand.

 

This is the context of the word "produced" in any sentence - not just yours.

 

Well, I addressed my question to Sadanie, but I knew she was just spewing left wing talking points and could never come up with a "big oil subsidy".

From your own enviro-weenie propaganda link:

Tax deductions are not subsidies. But you already knew that, didn't you? These are the same deductions taken by any business, including your beloved Warren Buffet (pronounced bəˈf&#257.

 

it's not mine and you seem to have missed a few other points in the link

 

subsidize - pay part of the cost of producing (something) to reduce prices for the buyer

source: oxford new american dictionary



in econ 101, most students learn about a concept called 'real costs of production'

for example, if an oil company is responsible for a spill that does billions of dollars in damages to the gulf fisheries, that's a loss that has to be figured into the true cost of production

if the oil company doesn't pay for all those damages, it is in effect a subsidy

so despite what you say about tax credits and etc, not being a subsidy, in reality they are

 

subsidies are direct payments of money, or low interest loans to businesses from the government. What the oil industry gets are not subsidies. They are allowed to write off (not pay taxes on) any expenditure that is used on exploration and development of new sources of energy. Then the government puts taxes on every barrel of oil produced or refined in this country. The government makes more profit on oil than the oil companies---------and the government has zero risk.

The oil companies are not the cause of high energy prices--------the govenment is.

 

That is one form of subsidy. Tax subsidies include freezes on property tax values for x number of years, tax credits to help defer costs, and industry specific deductions to help reduce risk.

Oil prices are set by the speculators in the commodity market along with world wide demand with a constant supply of raw crude oil.

 

I guess we are trying to split hairs here, but oil production tax credits are not the same as the direct payment of govt money to farmers to NOT produce crops in order to artifically keep the prices up.

In the definition you posted, it says "pay" part of the cost of production. Tax credits do not "pay" part of the cost of production.

 

Is the govt giving you a subsidy when it allows you to deduct property taxes from your taxable income? Are they "paying" you? NO, tax credits are not subsidies.

 

That's not the same thing.

Let me give you an example. Lets say you buy 40 acres of land to place a factory on it. The land costs $10000/acre. The property tax on that land is $1.15 per $100 valuation. As a negotiated deal to help defray costs, you negotiate a deal that would freeze the property valuation for five years. For the next three years, to improve the land by $3.5 million. In ordinary rules, your property taxes would go up because the value went up. But the subsidy to limit the tax valuation for five years does not reflect what the assessed value of the property really is.

In this example, the tax subsidy was the freeze on the value of the land, not the deductions of the property taxes themselves.

 

i'm not splitting any hairs, the payments don't have to be direct

despite the political rhetoric you've been parroting, tax credits are in effect sudsidies

they pay/subsidize the oil companies

 

I understand your example, but that is not a subsidy. What you described is an incentive agreement to get the company to locate in the city or state. It is done because the city or state believes that the economic benefit of having the factory would be greater than the lost tax revenue.

A subsidy would be if the city or state wrote a check to the business as an enticement to locate there. I know that its a fine line, but tax credits are not subsidies.

 

"in effect" is not "in fact"

but I am tired of going in circles with you, you are wrong, but please continue to think you are right if it makes you feel good.

 

The example I gave is a subsidy. In effect is is equivalent of the city or state giving a check to the company if the property valuations were to valued under current law. The property valuation freeze is an indirect subsidy, nevertheless, that is a subsidy by every definition and application.

 

see post #189. you too are wrong, but enjoy and be happy.

 

If I am so wrong, then so is every CPA, economics professor, finance professor, and so forth.

 

Nope, those people know the difference, so does Merriam Webster.

But this is a minor point compared to the mess that the obama voters have created for our great country. Are you ready for $8 gasoline?

 

your poor excuses are a joke

not paying the real economic cost of production does in fact, subsidize oil companies

you know, like bp, the guys that spilled all that oil in the gulf and screwed up fisheries, among other things

 

it would depend on the median salary on this country. If the median salary is $110k, then $8/ gallon would not look so bad, would it?

BTW, you do know what I do for a living, don't you?

 

what about the northern and western states that have started secession petitions?



http://abcnews.go.com/Politics/video/secession-petitions-grow-president-obamas-election-17709379

i don't

 

Right the (*)(*)(*)(*) on no taxation with representation when other people vote how you don’t like! (*)(*)(*)(*) you Democracy

 

travel and leisure magazine seem to disagree with you

New Orleans

THE BEST...
Music scene (#1)
Wild weekend (#1)
Happy hour (#1)
Proud of their city (#1)
People-watching (#1)

http://www.travelandleisure.com/americas-favorite-cities/2012/city/new-orleans

 

Yup. Blues came from the South. And Elvis, from Tupelo. The whole of Rock and Roll really was a joint venture between the South of the USA and the North of England. And Bluegrass is from the south too (if the Appalachian Hills count).

And most barbeque of any quality (Memphis, North Carolina and Texas) is from the South.

A lot really. They say the devil has all the best tunes!

 

How do you think you're going to get enough people to vote for secession when you can't even get them to defend themselves in a presidential race?


HERE'S A CLUE! Forget it. It's not only disloyal to the idea of America, but it's absurd to believe that you will ever achieve it.