So you're saying you skipped that class? A tax credit means if a corporation is working on something the government deems critical or noteworthy or something similar they are allowed to pay a reduced rate of tax. In other words, instead of taking 50% of their earnings the government only takes 40%. The 10% difference is a credit. A subsidy is what the government does for too many people with the money they take from others. Many of those it is given to pay no taxes AT ALL. I know you like your clever little slogans like corporate welfare and corporate subsidies but in fact the government has no money to give except what it takes from others.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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