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Thread: Solyndra to Declare Bankruptcy

  1. #121
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by apdst View Post
    Which oil company has received a half-a-billion dollar government handout?
    A loan is a handout? Can you link us to the dictionary that you're using?
    Last edited by Karl; 09-11-11 at 07:48 PM. Reason: typo

  2. #122
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by apdst, replying to obvious Child View Post
    Would you be so kind as to explain to us how these expense deductions don't apply to every other corporation in the country? [...]
    Had you read the link, you would already know:

    3. Percentage depletion allowance. Percentage depletion allows an independent oil company to deduct from its taxes about 15 percent from the revenue generated from a well, even if that amount exceeds the well’s total value. This means that oil companies take a deduction as long as a well is producing oil, without regard to how much, or whether, the well is still declining in value. Companies in other industries are only allowed to deduct an amount that represents the decline in their investment’s value that year.

    Eliminating Tax Subsidies for Oil Companies

  3. #123
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    Re: Solyndra to Declare Bankruptcy

    Quote Originally Posted by Karl View Post
    A loan is a handout? Can you link us to the dictionary that you're using?
    Will Solyndra be paying back the half billion dollar loan?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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