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 - Tractor Generators - by Chris Pratt. As a companion to the articles on three-brush and two-brush generators, it seemed fitting that we should provide our readers with a description of how a generator works in lay terms. The difficulty with all those "theory of operation" texts is that they border on principles of electricity or physics and such. Since I know nothing of either, you will have to put up with looking at the common sense side of how generators work which means we "
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