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<blockquote data-quote="Shadowrider" data-source="post: 2524058" data-attributes="member: 3099"><p>I know how the math works. I also know that one of the sources you use frames it exactly like you state. Because I read it.</p><p></p><p>Here's the definition of "subsidy" from Merriam Webster</p><p></p><p>sub·si·dy noun \&#712;s&#601;b-s&#601;-d&#275;, -z&#601;-\</p><p>: money that is paid usually by a government to keep the price of a product or service low or to help a business or organization to continue to function</p><p>plural sub·si·dies</p><p> </p><p>Full Definition of SUBSIDY: a grant or gift of money: as</p><p>a : a sum of money formerly granted by the British Parliament to the crown and raised by special taxation</p><p>b : money granted by one state to another</p><p>c : a grant by a government to a private person or company to assist an enterprise deemed advantageous to the public</p><p></p><p></p><p>A tax exemption is NOT a grant of money no matter how much politicians want it to be.</p><p></p><p>Lets say I hired you to do landscaping in my yard:</p><p></p><p>1) You did the job for $1000.</p><p>2) Your tax rate is normally 25%.</p><p>3) There was a government program that allowed you to collect that income totally TAX free because you planted certain plants that eat more co2 than others.</p><p></p><p>After you've done the work and deposited my check does your bank account increase by $1250 or by $1000? Would you show $1250 on your books? I think not because you didn't get $1250.</p><p>Only in politics do they get to make up their own definitions. I'm not a politician and don't play their game...</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2524058, member: 3099"] I know how the math works. I also know that one of the sources you use frames it exactly like you state. Because I read it. Here's the definition of "subsidy" from Merriam Webster sub·si·dy noun \ˈsəb-sə-dē, -zə-\ : money that is paid usually by a government to keep the price of a product or service low or to help a business or organization to continue to function plural sub·si·dies Full Definition of SUBSIDY: a grant or gift of money: as a : a sum of money formerly granted by the British Parliament to the crown and raised by special taxation b : money granted by one state to another c : a grant by a government to a private person or company to assist an enterprise deemed advantageous to the public A tax exemption is NOT a grant of money no matter how much politicians want it to be. Lets say I hired you to do landscaping in my yard: 1) You did the job for $1000. 2) Your tax rate is normally 25%. 3) There was a government program that allowed you to collect that income totally TAX free because you planted certain plants that eat more co2 than others. After you've done the work and deposited my check does your bank account increase by $1250 or by $1000? Would you show $1250 on your books? I think not because you didn't get $1250. Only in politics do they get to make up their own definitions. I'm not a politician and don't play their game... [/QUOTE]
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