[Healeys] Bad running due to ethanol in gas?

[Bob Spidell]

Hoo boy ...

In America, we are vehemently anti-socialist, so when our politicians and the lobbyists who own them want to subsidize 
(aka 'socialize') a particular constituency they will often give them a special tax deduction--a 'tax break'--in order 
to reward them for giving support ($$$) to and voting for the politicians, who will reward them again, and so on.  Both 
major political parties--Democratic and Republican--do this while claiming it's for the 'good of the country' in some 
way or another.

A 'tax deduction' effectively reduces net income, and since our tax system is somewhat progressive--at least is used to 
be--if your income is reduced you will pay less--sometimes a lot less--in taxes (a 'progressive' tax system doesn't mean 
it's enlightened, just that you're supposed to pay taxes at a higher rate if you make more money).

BTW, a 'lobbyist' is a person or organization paid--by a group that has an interest in some political topic--to 
'encourage' politicians to see the wisdom of giving their constituency what they want (you might know this process as 
'bribery').  Yes, it stinks but that's the level we've sunk to here in the USofA.


Bob



On 9/4/2011 7:25 AM, Austin Healey wrote:
> Off...
>
> Sorry to ask, but what does it mean "tax break"?
>
> Gergo
>
>
>


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Bob Spidell           San Jose, CA            bspidell at comcast.net

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