Where some of your taxes go

[Native Texan III]

The United States government offers tax incentives to companies pursuing medical breakthroughs, urban redevelopment and alternatives to fossil fuels.

It also provides tax breaks for a company whose hit video game this year was the gory Dead Space 2, which challenges players to advance through an apocalyptic battlefield by killing space zombies.

Those tax incentives — a collection of deductions, write-offs and credits mostly devised for other industries in other eras — now make video game production one of the most highly subsidized businesses in the United States, says Calvin H. Johnson, who has worked at the Treasury Department and is now a tax professor at the University of Texas at Austin.

Complete article:

http://www.nytimes.com/2011/09/11/technology/rich-tax-breaks-bolster-video-game-makers.html?pagewanted=1&_r=1&partner=rss&emc=rss

[singletax]

You can find billions going to defense contractors along with what you mention above and throw in NASA type welfare and all the foreign aid corporate welfare BUT it does not resonate among fiscal minded patriots like someone buying a steak on food stamps in front of the line at a grocery store with three kids destroying the candy bar rack.

Interesting post.

[ArlJim78]

yeah at the federal level defense should take a back seat to food stamps.

[Tom]

Some more of our taxes go here......while they struggle to get final funding for the 9/11 memorial at Shanksville, PA.

[Dave Schwartz]

Good post, Native!

:ThmbUp:

[Native Texan III]

Some more of our taxes go here......while they struggle to get final funding for the 9/11 memorial at Shanksville, PA.

Government always has had strange priorities eg the nationally historic "Old Ironside in Boston"

"In 1900 Congress authorized restoration of Constitution, but did not appropriate any funds for the project; funding was to be raised privately. The Massachusetts Society of the United Daughters of the War of 1812 spearheaded an effort to raise funds, but ultimately failed. In 1903 the Massachusetts Historical Society's president Charles Francis Adams (http://en.wikipedia.org/wiki/Charles_Francis_Adams_III) requested of Congress that she be rehabilitated and placed back into active service.
In 1905, Secretary of the Navy Charles Joseph Bonaparte (http://en.wikipedia.org/wiki/Charles_Joseph_Bonaparte) suggested that she be towed out to sea and used as target practice, after which she would be allowed to sink. Once reading about this in a Boston newspaper, Moses H. Gulesian, a businessman from Worcester, Massachusetts, offered to purchase Constitution for $10,000. The State Department refused, but Gulesian initiated a public campaign which began from Boston and ultimately "spilled all over the country." The storms of protest from the public prompted Congress to authorize $100,000 for her restoration in 1906."

[elysiantraveller]

They do make pretty damn good games though...

[LottaKash]

Uncle BARACK, a while back, visited the facilities of "Solyndra" and up and coming solar panel manufacturer....Lo and behold, the next you know, they received $535 Millionbucks from Uncle-B.....(a

What happened to the "kash" ?....

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/10/BUOR1L2KOV.DTL

An FBI raid on Solyndra Inc., a solar-panel maker that failed after receiving a $535 million loan guarantee from the U.S. Energy Department, may signal the escalation of a probe into the Obama administration's clean-energy program.
Agents for Energy Department Inspector General Gregory Friedman, who has called the department's clean-energy loan program lacking in "transparency and accountability," joined in the search Thursday at the Fremont, California, headquarters of Solyndra, which filed for bankruptcy protection on Sept. 6."

Republicans critical of the program stepped up their attacks following the raid, and two House Democrats questioned the integrity of the company, indicating a potential political crisis for the president. A foundation headed by an Obama campaign contributor was a principal investor in Solyndra.

"The FBI raid further underscores that Solyndra was a bad bet from the beginning and put taxpayers at unnecessary risk," Representative Fred Upton, a Michigan Republican who heads the House Energy and Commerce Committee, said Thursday in a statement. "President Obama's (http://www.sfgate.com/barack-obama/) signature green jobs program went from a darling of the administration, to bankruptcy, to now the subject of an FBI raid in a matter of days."
-------------------------------
"We smelled a rat from the onset," Stearns and Upton said in a statement on Aug. 31, when the company announced its intention to file for Chapter 11 bankruptcy reorganization.

sfgate_get_fprefs();

Gangsters at work ?....Or just plain ole-fashioned crooks ?.....:D


best,