Oil Companies Are Better Treated Then Non-Profits.

Did you know that the oil industry receives more tax breaks than any other industry in the country? Like a seventy percent write-off for the rent BP paid for the rent of the Deepwater Horizon drilling rig and all the other oil companies get the same tax benefit. Or the fact that many of the smaller companies have a larger income after taxes, then before taxes. Say what? It means that if they had a net income before taxes of ten million, they just might have eleven million dollars after taxes. Now with those kinds of deals, pretty much any company could make record profits. In fact, I'd be willing to come out of retirement and force myself to start a company, if the government would treat me that well. Wouldn't you? I mean if I could make ten bucks, but could count on a cool million, I'd go back to work, wouldn't you? The problem isn't that America is giving really good tax breaks to an industry to help our economy and create jobs and all that. The problem is that it picked the wrong industry to prop up. I mean, come on. Does anybody think the oil industry would flounder without some of those tax breaks? How come we're supporting an industry that provides a product we would like to phase out, but refuse to support, to any real degree, an industry to replace it? Does that make sense to you? Well, let me tell you, it makes sense to Congress. Our wise leaders think it's the right thing to do. That is to say, they think that giving great big tax breaks to the oil industry is a good thing and apparently think giving those kinds of deals to emerging alternative energy companies is a bad thing, I guess. Maybe because they get big bucks from the oil companies to help their reelection campaigns and don't get bug bucks from these new and emerging companies. Most non-profits would love to be treated as well as BP when tax time comes around. If you don't grease the pan, you don't get the bread to rise. Just remember, it takes lots of money to buy elections.