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Should renewable energy companies be exempt from federal income taxes?

should renewable energy companies be exempt from taxes?

  • yes

    Votes: 3 16.7%

  • no

    Votes: 13 72.2%

  • not sure

    Votes: 2 11.1%
  • Total voters
    18
M

Masterhawk

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Maybe renewable energy companies and everyone who's part of the company (like part of the company such as a power plant worker, not just a janitor) should receive federal income tax exemptions. It would not only allow these companies to keep more money to stay in business (and maybe cause them to charge lower rates) but it would also draw people work for them
 
Masterhawk said:
Maybe renewable energy companies and everyone who's part of the company (like part of the company such as a power plant worker, not just a janitor) should receive federal income tax exemptions. It would not only allow these companies to keep more money to stay in business (and maybe cause them to charge lower rates) but it would also draw people work for them
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Why? Parts of the industrie are already profitable on their own. Where the technology is not competitive we shouldn't subsidise the inefficient plant, but assist research for better technology.
 
Masterhawk said:
Maybe renewable energy companies and everyone who's part of the company (like part of the company such as a power plant worker, not just a janitor) should receive federal income tax exemptions. It would not only allow these companies to keep more money to stay in business (and maybe cause them to charge lower rates) but it would also draw people work for them
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That would be a sort of unfair competition thing as oil companies would scramble for the same breaks because they found a way to save a teaspoon of gas. Now if these green companies could get tax breaks for building more manufacturing plants in the US, that would work. Amazon did it in California when the state tax thing came up for them; a Ross Pero company built and owns their 600,000 sq ft warehouses in both Northern and Southern California and they have another group that pays the salaries. So green companies can go to town with creative ways to avoid taxes that we can all benefit from.
 
If you make a profit, then you should be taxed on a equal basis.

If your product is well made, and economically attractive, it will stand on it's own against the competition.
 
Masterhawk said:
Maybe renewable energy companies and everyone who's part of the company (like part of the company such as a power plant worker, not just a janitor) should receive federal income tax exemptions. It would not only allow these companies to keep more money to stay in business (and maybe cause them to charge lower rates) but it would also draw people work for them
Click to expand...
For me this is a truck question. My answer is yes they should be along with all other companies. Taxes on businesses is just a hidden tax passed on consumers. It should be eliminated.

No renewable energy should not be given any special considerations.

Either eliminate for everyone or take advantage of them just like the rest of them.

Sent from my SM-G920P using Tapatalk
 
No, I'm not in favor of using government money to encourage the use of renewable energy.

I'd much rather that money was spent on research and development with the goal of improving renewable energy so that it's commercially viable on its own.
 
molten_dragon said:
No, I'm not in favor of using government money to encourage the use of renewable energy.

I'd much rather that money was spent on research and development with the goal of improving renewable energy so that it's commercially viable on its own.
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Now that is a view I can fully agree with.
 
Masterhawk said:
Maybe renewable energy companies and everyone who's part of the company (like part of the company such as a power plant worker, not just a janitor) should receive federal income tax exemptions. It would not only allow these companies to keep more money to stay in business (and maybe cause them to charge lower rates) but it would also draw people work for them
Click to expand...

No, they should pay taxes like everybody else if they ever make a profit, which will probably never happen.
 
If the implication is that renewable energy companies don't pay taxes, that's false. They can take advantage of renewable energy federal tax credits, as can individuals. But in the end, they are responsible to fill out their tax forms, just like every other corporation. I'm very familiar with this, as I took advantage of these federal tax credits (see photo). Nonetheless, I voted NO, because that's what I think, and that's also the way it is...

SolarWind_CloseUp.JPG
 
Mason66 said:
No, they should pay taxes like everybody else if they ever make a profit, which will probably never happen.
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Tell Goldman-Sachs that...

Goldman Sachs is not the first big bank to talk up the renewable energy sector, or even “sustainable” investments. But it is one of the first to put real money behind it.

In 2012, the bank made a commitment to invest $40 billion in renewable energy, and it has made a number of large equity investments, over and above the normal advisory and fund-raising work that is the usual bread-and-butter revenue for investment banks such as Goldman Sachs.

https://www.greentechmedia.com/arti...nsformational-moment-in-renewables-investment
 
molten_dragon said:
No, I'm not in favor of using government money to encourage the use of renewable energy.

I'd much rather that money was spent on research and development with the goal of improving renewable energy so that it's commercially viable on its own.
Click to expand...

I'm not for the proposition in th OP, but if renewable energy companies didn't pay taxes then they could spend more on R&D?
 
No, that's stupid. The whole point of a free market is competition. You cannot have fair competition if you're giving one side an unfair advantage. Everyone plays by the same rules and the best suited to the market wins.
 
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