EV Takes 4 Days to Charge

[Markthebroker]

Yeah buts aside. Should, Would, Coulda aside.

The United States is not anywhere near ready for all EV today. Nowhere near ready for 50% EV in 10 years. Even in the fictional world of everyone's 3 family cars charging all night every night in their three car garage.

California dictates 35% New cars sold are EV 3 years from now. Graduating up to 100% in 12 years.

Cart Horse

My understanding is that there aren't enough mineable rare earth minerals in existence for every car in the U.S. to be electric.

But hey - facts shouldn't get in the way of liberal fantasies. These are the people that think men can get pregnant, and an half senile man should be president.

 

[whatyouwantfinally]

What you just said there, is that oil companies drilling for oil have a special tax break that others do not have....

No, it isn't. At all. ALL businesses deduct their expenses.

What I said is the tax code RECOGNIZES that drilling for oil is unique in that it often leads to NO actual oil/, thus it doesn't require expenses to be deducted as oil is extracted. Duh.

You asked for examples of soft subsidies... you drilled down on this one.... you yourself are saying its a tax break just for oil companies.

First I asked about the "direct subsidies" you claimed, and you gave nothing. Now you're focused on this particular tax situation that isn't a subsidy at all.

That is the very definition of an indirect subsidy.... a tax break not available to other companies.

No. An "indirect subsidy" would be something like the government giving people $ to buy your product. It doesn't mean, "The tax code doesn't treat you like businesses that you really aren't similar to." You treat "indirect subsidy" as "anything I can imagine we could make worse for you that we don't do."

 

[whatyouwantfinally]

Investments into Oil & Gas exploration companies are up to 90% tax deductible to the investor, in the year of the investment.

No. Wrong. 100% false. There is no deduction for "investments into oil and gas exploration." There are deductions for business expenses, just like there are for all businesses.

It must be a direct investment in a non publicly traded company. And the investment must be used to fund the purchase of machinery.

Also wrong. Machinery is considered a "tangible" drilling cost and must be depreciated over 7 years.

Its a very popular (and risky) investment for wealthy accredited investors looking for big tax deductions.

You know why it's risky? Because sometimes you spend a bunch of money developing a drilling site and end up with nothing. THAT is why they're allowed to deduct their "intangible" costs in year 1; because they are fundamentally different than other businesses in this way, and not recognizing this fact would create a massive disincentive to invest.

 

[Markthebroker]

No. Wrong. 100% false. There is no deduction for "investments into oil and gas exploration." There are deductions for business expenses, just like there are for all businesses.



Also wrong. Machinery is considered a "tangible" drilling cost and must be depreciated over 7 years.



You know why it's risky? Because sometimes you spend a bunch of money developing a drilling site and end up with nothing. THAT is why they're allowed to deduct their "intangible" costs in year 1; because they are fundamentally different than other businesses in this way, and not recognizing this fact would create a massive disincentive to invest.

whatyouwantfinally - hHe's already made his point. Stop confusing the issue with facts.

 

[toolbelt]

Even in the fictional world of everyone's 3 family cars charging all night every night

Highly doubtful that 3 family vehicles travel 250 miles each and every day. Highly doubtful that even 1 of them will travel 250 miles each day.....or any day.

 

[WinoBlues]

Highly doubtful that 3 family vehicles travel 250 miles each and every day. Highly doubtful that even 1 of them will travel 250 miles each day.....or any day.

OK, let's go with that. After jockeying cars around the driveway or garage charging station to get dad or mom's car into position after they get home.

During one period I had five drivers in our home, four cars. I can not imagine having to decide who gets to charge their car first or who needs to unplug so Jr can get to practice at 5AM before mom leaves for her meeting and dad starts his F2F sales route.

Again, we are talking reality, today, not some etopian "in a perfect world" suburb.

You can not see anyone driving 250 miles in a day? What is a weekend day trip for your family? Two blocks to the Piggly Wiggly?

So, again we are to adapt anassimilate into your life style. Because you know what is best for us. Oh, and what do _you_ drive again? What does the President and Vice President roll around in?

Group think?

What's your first hand knowledge?

 

[scagnt83]

whatyouwantfinally - hHe's already made his point. Stop confusing the issue with facts.

The facts are that 70% -100% of an accredited investors investment in a closely held oil & gas company can be tax deductible in the first year.

I didnt even say its a bad thing or a good thing. But it is a thing, that exists, that happens every day.

Dont take my word for it, take it from the companies offering the investments:
[EXTERNAL LINK] - Investing In Oil - 5 | Allied Resource Partners

ALL INVESTMENTS ARE TAX DEDUCTIBLE. UP TO 85% OF YOUR INVESTMENT IS TAX DEDUCTIBLE THE FIRST YEAR.

___

[EXTERNAL LINK] - Oil Wells For Sale | Oil Well Investing | Bass Energy Exploration

Investing In U.S. Oil Wells!
High ROI, Monthly Cashflow, 100% Tax Deductible

 

[scagnt83]

No. Wrong. 100% false. There is no deduction for "investments into oil and gas exploration." There are deductions for business expenses, just like there are for all businesses.



Also wrong. Machinery is considered a "tangible" drilling cost and must be depreciated over 7 years.



You know why it's risky? Because sometimes you spend a bunch of money developing a drilling site and end up with nothing. THAT is why they're allowed to deduct their "intangible" costs in year 1; because they are fundamentally different than other businesses in this way, and not recognizing this fact would create a massive disincentive to invest.

So how do you explain these?

[EXTERNAL LINK] - Oil Wells For Sale | Oil Well Investing | Bass Energy Exploration

ALL INVESTMENTS ARE TAX DEDUCTIBLE. UP TO 85% OF YOUR INVESTMENT IS TAX DEDUCTIBLE THE FIRST YEAR.


[EXTERNAL LINK] - Investing In Oil - 5 | Allied Resource Partners

Investing In U.S. Oil Wells!
High ROI, Monthly Cashflow, 100% Tax Deductible

 

[whatyouwantfinally]

So how do you explain these?

[EXTERNAL LINK] - Oil Wells For Sale | Oil Well Investing | Bass Energy Exploration

ALL INVESTMENTS ARE TAX DEDUCTIBLE. UP TO 85% OF YOUR INVESTMENT IS TAX DEDUCTIBLE THE FIRST YEAR.


[EXTERNAL LINK] - Investing In Oil - 5 | Allied Resource Partners

Investing In U.S. Oil Wells!
High ROI, Monthly Cashflow, 100% Tax Deductible

1) Those are marketing materials for investment sites, of course they use hyperbolic language. Duh.

2) We literally just went over how the deductions work. I explained, in detail, what deductions apply and everything you've posted agrees with me. The deductions are for BUSINESS EXPENSES; the investment itself is not deductible. There is no line on your taxes where you can fill in "investment in oil wells," put in a number and deduct that amount from your taxable income. EXPENSES are deductible, not the investment.

No amount of marketing copy from websites is going to change that.

 

[WinoBlues]

Do as they say, not as they do.

President Biden, lives in Delaware, represented Delaware from 1973 to 2009 in the senate, then Democrat Vice President for two terms, now President.

"According to the U.S. Department of Energy, Delaware currently has 118 public electric charging locations with another 10 charging stations that are private.

The public count puts Delaware 41st, with just Idaho, West Virginia, Mississippi, Montana, North Dakota, Wyoming, South Dakota, and Alaska having fewer options for drivers of electric vehicles."

[EXTERNAL LINK] - Delaware to expand EV charging stations along major highways.