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Also they are exempt from state and local property tax and can reinvest their federal taxes... so their claim that they aren't paid for by taxes is kind of disi
by morpheuskafka 7y ago
Also they are exempt from state and local property tax and can reinvest their federal taxes... so their claim that they aren't paid for by taxes is kind of disingenuous because they also don't pay them, which is essentially a huge payout to them from the government.
I don't mind having the post office, because the government and the courts need a way to reliably deliver mail to anyone and have it certified and all that, but there's no excuse for them to have a monopoly.
- bdowling 7y agoAll federal government agencies are exempt from state and local taxes, there's nothing particularly special about the USPS in that regard. In fact, state laws don't really apply to them (e.g., postal vehicles don't have state license plates). This idea of a "huge payout to them from the government" doesn't make any sense. Who exactly is receiving this payout? There are no stockholders who would receive dividends from the profits, if there were any, which there aren't. [0]. There is no stock price going up, because there is no stock. [0] https://about.usps.com/news/national-releases/2018/pr18_093.htm https://about.usps.com/news/national-releases/2018/pr18_093.... (net loss of $3.9 billion for FY 2018)