Quote
Originally posted by: ChilcootDon Diego doesn't seem to understand that tax breaks to corporations
do not appear as an entry in the federal budget. This is hundreds of billions that federal and state governments should by rights collect from corporations but don't thanks to their effective lobbying.
Why [did] you post that pie chart in response to what pjstroh wrote?
Chillcoot is mistaken.
i. DonDiego understands that "tax breaks" to
anyone do not appear in the Federal Budget.
i.a. This is because tax breaks are neither revenue nor expenditures in the Federal Budget.
ii. pjstroh addressed the
Federal BudgetQuote
Originally posted by: pjstroh
Budgets reflect values. Right now our budget favors corporate and military handouts far more than those of the unemployed/hungry/homeless.
[boldface added - DD]
ii.a. DonDiego presumes pjstroh was talking about "expenditures", not tax breaks, to corporations and the military, . . . because, in fact, 1) tax breaks to either corporations or the military do not appear in the Federal Budget and 2) expenditures e.g. corporate grants and direct spending to the military (some of which also goes to corporations) do appear in the Federal Budget.
ii.a./1/. If by the term "handouts" pjstroh means "tax breaks" the term would make no sense applied to military.
ii.a./2/. If by the term "handouts" pjstroh means "expenditures" it would apply to both corporate spending and military spending.
ii.a./3/. If by the term "handouts" pjstroh means "tax breaks" to corporations and "expenditures" by the military, he would be using quite imprecise language.
iii. Since the discussion was the Federal Budget the topic of tax breaks to corporations was, in fact, only raised by Chilcoot after DonDiego's post, which had nothing to do with "tax breaks".
iv. This is why DonDiego posted the pie chart, . . . to address the values reflected in the budget as raised by pjstroh. QED
There may be individuals who consider "Tax Breaks" to be some sort of phantom revenue which should've been collected but was not because of Government inattention, following which the, presumedly evil, corporations kept it, . . . thereby discomforting all law abiding citizens and starving barefoot children.
This is not so. A tax break is an intentional reduction in the taxes required of specified individuals or businesses or corporations. This tax reduction is generally in furtherance of or response to certain behaviors by the affected parties deemed beneficial to the Country, e.g. investment in capital goods, and always created by appropriate legislation, . . . not some accidental oversight.
Tax Breaks are, indeed, a legitimate topic of conversation, but not the intended topic of this thread.
wrosie explicitly requested the thread not be turned political.
DonDiego suggests Chillcoot initiate a new thread if he thinks the topic is of interest.