Originally Posted By: HerrStig
Originally Posted By: SLO_Town
Originally Posted By: HerrStig
Millions in taxpayer subsidies for THIS?
You've got to be kidding! The oil industry is not only subsidized by our government, our government provides a military to support oil industry interests!
Scott
Federal and state governments collect a vast amount in gas taxes. It's the largest component of the Federal Highway Fund . Battery cars use the roads, where's the road tax on electric power. At least tires are taxed. Where's the pollution tax on the generating plants needed to charge these toys? The fact is they can't survive with out the subsidy.
The government can't survive without taxing what I earn, taxing what I spend, taxing what I own, and taxing what I use. When taxes are administered in this broad brush fashion, it creates the need for these kinds of subsidies.
I had a great year of contracting several years ago - I actually paid the State and Federal Government $112K in income taxes - in just that one year!!! Nice subsidy, eh? Had I been indebted with mortgage debt, the government would have subsidized me via tax deductions. I wonder what renters think about their income taxes being used to subsidize the mortgage debt of homeowners?
Scott