Where do you get your facts? Do you have some numbers you can share? Not just total dollar amounts but a better comparison like percentages and the basis for the breaks (jobs creation, etc.)?Where do you get your "facts"? If you want to talk about government "handouts", the subsidies given to the oil and gas industries (as if they needed it) by the government make all the tax breaks and other incentives granted to the solar industry look like pennies in the sofa cushions.
Tax credits against what paid taxes? I suspect they are from different pots of monies wouldn't you?I would never support taxes for solar.
There is one government incentive: a tax credit of 30%.
That is actually part of the taxes you pay being refunded back to you.
And now i am guilty of discussing politics, too! No more.
Where do you get your facts? Do you have some numbers you can share? Not just total dollar amounts but a better comparison like percentages and the basis for the breaks (jobs creation, etc.)?
Because of scale differences. If I told you I made $100,000 in profits that gives you no frame of reference. This profit for a company with $5,000,000 in sales is different when compared to the same amount for a company with $500,000 in sales.Why aren't the total dollar amounts valid?
Again, where do you get your facts? Facts, not talking points. For example, from:Oil companies are among the most profitable corporations the world has ever seen. Why should they get any subsidies?
Rich Smith said:And yet, despite all those costs, big, integrated oil producers like ExxonMobil (XOM) still manage to report eye-popping profits at the end of each year -- $41 billion for Exxon last year, $25.7 billion for BP (BP) -- even the smaller ConocoPhillips (COP) managed to tuck away $12.4 billion for a rainy day.
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Americans have complained for years about the Big Oil conspiracy to rip off consumers
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What many people fail to notice, though, is the amount that Exxon (and its peers) must spend to create these profits.
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In 2011, Exxon took in $433.5 billion in revenues from its oil business...Factor in the $31 billion income tax check Exxon wrote...Exxon ended up with "only" $41 billion on the bottom line.
Sure, sure. That's still a pretty big number. But it doesn't make Exxon as flush as you might think.
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When you consider that $41 billion is less than 10% of the revenues that Exxon started with, it turns out that Big Oil isn't really all that profitable a business.
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For example, car companies aren't often considered profit monsters...Yet somehow, Ford Motor (F) manages to earn a profit margin of better than 13% on its cars and trucks.
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What about the granddaddy of all profit machines, Apple (AAPL)? It boasts a jaw-dropping profit margin of 27%...Yet somehow, you never hear consumers wailing and gnashing their teeth, demanding that Apple's dominance of the smartphone market be "broken up" or otherwise "regulated."
I would never support taxes for solar.
There is one government incentive: a tax credit of 30%.
That is actually part of the taxes you pay being refunded back to you.
And now i am guilty of discussing politics, too! No more.
Like I said, status symbol subsidy for rich people.
$40,000 solar system x 30% credit means the applicant gets a $12,000 buying credit from taxes he would owe otherwise. If his taxes are below $12,000, he's not going to get 30% of the system paid for.
Where's the option to use income tax to pay for 30% of a Rolex?
Right.Lets keep this from going south guys. It is on the verge of being closed and will be if it continues on this road. Thanks