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I'm just a simple investor and have no ties to the oil industry. I was surprised to learn about the tax incentives for investing in oil: http://www.investopedia
by twinge 10y ago
I'm just a simple investor and have no ties to the oil industry. I was surprised to learn about the tax incentives for investing in oil: http://www.investopedia.com/articles/07/oil-tax-break.asp http://www.investopedia.com/articles/07/oil-tax-break.asp
- efaref 10y agoI think most of these are just a transfer of wealth from the high-tax-paying consumer to the low-tax-paying rich industry owners. Just business as usual.
- tim333 10y agoI don't think they are even that. If you look a the list they are are just tax deductions so if you hit oil you may pay the govt $1m instead of some larger sum. Most of the "subsidies" seem to be of that nature. I'd like to personally subsidise the oil industry by them sending me $1m as a discount from the $2m I would have really liked.