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08-28-2008, 02:56 PM #33
Senior Member
McCain's Mansions
Corporations do have some rights and some special rights, but they also have special liabilities too. Saying corporations have NO rights is even more wrong.
Originally Posted by McDanger
My dad is a dairy farmer and uses gas for his tractor. Because he's not using the roads when he uses this gas, he gets all the taxes he pays on gas as a refund at the end of the year."Gas prices are high due to market forces, not taxes. Even you must know that. And tax on gas and diesel generally goes towards the upkeep and construction of roads and bridges. Since you're buying a lot of gas/diesel, I'm pretty sure you're using these roads. If you're not, you can get the taxes back at the end of the year. My dad does this."
Never heard of this one, but if you could provide some specifics, I would be willing to listen. He may be able to deduct fuel costs from income, but I seriously doubt he gets a refund of gas taxes.
He was saying that higher income taxes would make them go out of business. This can't be true, because income tax is based on profit. So therefore, they only pay income taxes if they are profitable."If you own a business, you can write off just about everything as far as expenses, so I find that hard to believe. "
Taxes are on profit after expenses are deducted, so higher taxes come right out of your back pocket. Expenses are money spent to run the business.(other that depreciation).
I cannot believe people can go through 4 years of college and not be taught the most basic of economic facts.
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