LATimes: Reform bill exposes extraordinary tax subsidy

[Winehole23]

Corporate welfare is good; welfare for living, breathing people is bad.

[Wild Cobra]

Tax breaks are subsidies as well.

Not by written government definitions.

[Wild Cobra]

In this case "lib " would include anybody who has taken basic microeconomics.

Two companies, identical financials.

<snip>

It doesn't matter if the effects are the same. They are technically two different things, and I cannot stand the ignorance of someone calling a tax break, a subsidy.

With a tax break, you cannot make more than your income. With a subsidy, you can make $100 and end up with more than $100.

You are making a square out of a rectangle. If you don't understand that, then maybe I should give up explaining things to you.

[Winehole23]

...

[TeyshaBlue]

It doesn't matter if the effects are the same. They are technically two different things, and I cannot stand the ignorance of someone calling a tax break, a subsidy.

With a tax break, you cannot make more than your income. With a subsidy, you can make $100 and end up with more than $100.

You are making a square out of a rectangle. If you don't understand that, then maybe I should give up explaining things to you.

Ummm...aren't those terms defined by their effects? Tax breaks are defacto subsidies. With a tax break I can make $100 and spend $200....see the first time home buyers tax credit for an example.
http://www.fwbusinesspress.com/display.php?id=11402
“It’s a big economic impact,” Gleason said. “Once someone ends up purchasing, typically that tax credit they received, they spend on upgrades or other purchases for the home, which generates momentum in the economy as well.”

[TeyshaBlue]

Tax breaks = subsidies:

Subsidy. Govt. says "Give us $100 or $50 if you own a cow."
Tax Break. Govt. says "Give us $100. If you own a cow, we'll give you $50 back."

[TeyshaBlue]

Going Winehole!

An Angus is not a Holstein.

They are both cows, however.



*edit* Hat trick!