Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 1 minute ago, Crnr2Crnr said: how about student loans being paid for by your fellow taxpayers? Covered in the link… fed backed student loans are a less direct subsidy “Obviously, money provided in subsidies is unavailable to be used by the taxpayers who earned it in the first place. (The government could create the money out of thin air, but that’s another column.) There are also less-direct subsidies. For example, when the government guarantees a loan, it causes money to be lent to one person rather than another (who doesn’t have a guarantee).” Quote Link to comment Share on other sites More sharing options...
akvanden Posted November 30, 2023 Share Posted November 30, 2023 53 minutes ago, ArcticCrusher said: Here ya go Karen. Billionaires are good now - they can’t be bought. Can you add Soros to this picture, or are we only considering billionaires that are still living…..? 4 hours ago, HSR said: K He got you, real good. 1 Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 2 hours ago, ArcticCrusher said: Keep looking like an idiot. Here's Rogan telling the trust the experts to go suck his dick, cause they are just bought and paid for. Ah, telling someone to suck a dick how insightful. What's your point? Do you have one? I am not and never will click on your link unless you summarize and actually make a point. Still scared to comment? Makes sense since you are always wrong. 1 hour ago, BOHICA said: It’s not a subsidy by letting people keep more of their own money. FYI. Are you as dumb as AC? EV's are absolutely subsidized. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 34 minutes ago, Deephaven said: Ah, telling someone to suck a dick how insightful. What's your point? Do you have one? I am not and never will click on your link unless you summarize and actually make a point. Still scared to comment? Makes sense since you are always wrong. Are you as dumb as AC? EV's are absolutely subsidized. How are EV’s subsidized? Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 You are almost Lloyd level stupid, at least when it comes to EV's. We've been through this before. Your memory is short. Very simple, definition of a subsidy is: A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut. In economic theory, subsidies can be used to offset market failures and externalities to achieve greater economic efficiency. Our stupid ass government is promoting that we buy pieces of shit and are using targeted tax cuts to do so. Pretty cut and dry. It's a subsidy and it is a stupid one. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 3 minutes ago, Deephaven said: You are almost Lloyd level stupid, at least when it comes to EV's. We've been through this before. Your memory is short. Very simple, definition of a subsidy is: A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut. In economic theory, subsidies can be used to offset market failures and externalities to achieve greater economic efficiency. Our stupid ass government is promoting that we buy pieces of shit and are using targeted tax cuts to do so. Pretty cut and dry. It's a subsidy and it is a stupid one. Tax cut that reduces a persons individual tax burden isn’t a subsidy no matter how many times you tell yourself that. Quote Link to comment Share on other sites More sharing options...
akvanden Posted November 30, 2023 Share Posted November 30, 2023 It’s technically a tax credit according to the IRS. “A tax credit is a dollar-for-dollar reduction of the income tax you owe, while a subsidy is a direct or indirect payment from the government to lower the cost of a product or service. The EV tax credit is a federal incentive that offers up to $7,500 for buying or leasing a qualifying electric or plug-in hybrid vehicle. The credit is non-refundable and depends on the vehicle’s features, the manufacturer’s sales, and the taxpayer’s income. The credit is subject to changes that will take effect in 2023 and last until 2032. Some states also offer rebates for electric vehicles that vary by amount and eligibility. To claim the credit, one should file an IRS form 8936 and fill in the appropriate line on Form 1040.” ie if the tax is $10k, you only owe $2.5 after the $7.5k credit. If tax is $5k, you pay nothing but don’t get paid the remaining $2.5k. A subsidy you get paid $7.5k regardless of the scenario. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after?ssp=1&darkschemeovr=1&setlang=en-US&safesearch=moderate I am in no way shape or form Lloyd stupid though. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 11 minutes ago, BOHICA said: Tax cut that reduces a persons individual tax burden isn’t a subsidy no matter how many times you tell yourself that. And in EVERY definition of a subsidy there is some terminology that amounts to: or a targeted tax cut So yes, a tax cut that reduces a persons individual tax burden is a subsidy Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 3 minutes ago, Deephaven said: And in EVERY definition of a subsidy there is some terminology that amounts to: or a targeted tax cut So yes, a tax cut that reduces a persons individual tax burden is a subsidy Yes if you subscribe to being a socialist and a democrat. You are a socialist if you think people keeping more of there own money is a subsidy. Simple as that Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 16 minutes ago, BOHICA said: Yes if you subscribe to being a socialist and a democrat. You are a socialist if you think people keeping more of there own money is a subsidy. Simple as that You are moron if you think that forgiving a tax burden that if you didn't buy something isn't a subsidy to buy that something. Simple as that. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 28 minutes ago, akvanden said: It’s technically a tax credit according to the IRS. “A tax credit is a dollar-for-dollar reduction of the income tax you owe, while a subsidy is a direct or indirect payment from the government to lower the cost of a product or service. The EV tax credit is a federal incentive that offers up to $7,500 for buying or leasing a qualifying electric or plug-in hybrid vehicle. The credit is non-refundable and depends on the vehicle’s features, the manufacturer’s sales, and the taxpayer’s income. The credit is subject to changes that will take effect in 2023 and last until 2032. Some states also offer rebates for electric vehicles that vary by amount and eligibility. To claim the credit, one should file an IRS form 8936 and fill in the appropriate line on Form 1040.” ie if the tax is $10k, you only owe $2.5 after the $7.5k credit. If tax is $5k, you pay nothing but don’t get paid the remaining $2.5k. A subsidy you get paid $7.5k regardless of the scenario. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after?ssp=1&darkschemeovr=1&setlang=en-US&safesearch=moderate I am in no way shape or form Lloyd stupid though. Yep. Not a subsidy. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 The purchase of the EV's are being subsidized by the US government. If not, you don't get the $7500. Just because it isn't equally subsidized for everyone doesn't mean that it isn't subsidized. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 2 minutes ago, Deephaven said: The purchase of the EV's are being subsidized by the US government. If not, you don't get the $7500. Just because it isn't equally subsidized for everyone doesn't mean that it isn't subsidized. If individual has no tax obligation and buy an EV they get $0…. If it was a subsidy they would get $7500. So not a subsidy Quote Link to comment Share on other sites More sharing options...
Deephaven Posted November 30, 2023 Share Posted November 30, 2023 Then that individual gets no subsidy. Rather simple. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 30, 2023 Gold Member Share Posted November 30, 2023 (edited) 49 minutes ago, Deephaven said: Then that individual gets no subsidy. Rather simple. So a credit is not a subsidy. thanks! Edited November 30, 2023 by BOHICA Quote Link to comment Share on other sites More sharing options...
Deephaven Posted December 1, 2023 Share Posted December 1, 2023 So the government isn't lowering the cost to purchase an EV? Quote Link to comment Share on other sites More sharing options...
akvanden Posted December 1, 2023 Share Posted December 1, 2023 https://x.com/enronchairman/status/1730424899695485181?s=46&t=s83oq5htniYsJmIqhvBrlw Quote Link to comment Share on other sites More sharing options...
spin_dry Posted December 1, 2023 Share Posted December 1, 2023 17 hours ago, Deephaven said: The purchase of the EV's are being subsidized by the US government. If not, you don't get the $7500. Just because it isn't equally subsidized for everyone doesn't mean that it isn't subsidized. It’s even worse than that. Teslas are affordable for those at the top of the income food chain. So in essence, it’s a subsidy for the higher income earners. Pretty disgusting. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted December 1, 2023 Share Posted December 1, 2023 On 11/30/2023 at 9:10 AM, ArcticCrusher said: Musk has a pretty good grasp of world politics, unlike clueless you. He’s also part of the military industrial complex. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted December 1, 2023 Share Posted December 1, 2023 1 hour ago, spin_dry said: It’s even worse than that. Teslas are affordable for those at the top of the income food chain. So in essence, it’s a subsidy for the higher income earners. Pretty disgusting. No, all middle class. I don't qualify and don't consider myself at the top of the food chain....but yes, disgusting it is. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted December 1, 2023 Share Posted December 1, 2023 2 hours ago, Deephaven said: No, all middle class. I don't qualify and don't consider myself at the top of the food chain....but yes, disgusting it is. I just said that. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted December 1, 2023 Share Posted December 1, 2023 Err? It doesn't do anything for those at the top of the food chain. They get no subsidy. Quote Link to comment Share on other sites More sharing options...
Rod Posted December 1, 2023 Share Posted December 1, 2023 On 11/30/2023 at 9:04 AM, ArcticCrusher said: This is how its done. Disney has been in a massive decline for a while Quote Link to comment Share on other sites More sharing options...
spin_dry Posted December 2, 2023 Share Posted December 2, 2023 6 hours ago, Deephaven said: Err? It doesn't do anything for those at the top of the food chain. They get no subsidy. $150k/300k is high income for 80% of the US. It’s almost 3X the median wage. Quote Link to comment Share on other sites More sharing options...
Deephaven Posted December 2, 2023 Share Posted December 2, 2023 10 hours ago, spin_dry said: It’s even worse than that. Teslas are affordable for those at the top of the income food chain. So in essence, it’s a subsidy for the higher income earners. Pretty disgusting. 6 minutes ago, spin_dry said: $150k/300k is high income for 80% of the US. It’s almost 3X the median wage. Ie, so the benefit isn't a subsidy for the higher income earners. Quote Link to comment Share on other sites More sharing options...
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