The whole thing was designed to keep you poor - Robert Kiyosaki
El Conocimiento es Poder...
El Conocimiento es Poder...
El Conocimiento es Poder...
MidAmerican Energy in particular is plowing money into wind projects and receives large production tax credits in doing so. The tax benefit is augmented thanks to use of accelerated depreciation, which depreciates new approved assets more quickly for tax purposes than the assets decay economically. The disparity is captured in a growing deferred tax liability. Cash taxes paid, for the time being, are sizably negative, meaning the BHE subsidiaries are being paid to produce power by taxing authorities
Much of BHE’s spending on capital projects are tax incentivized. Tax credits for wind and also solar provide so much benefit to have driven the tax rate downward to where it is laughably deeply negative. Throw in the use of accelerated depreciation for tax purposes, rewarding the spending of capital to the benefit of society, that further drives the cash tax rate well below the GAAP-reported tax rate. The deferred tax liability balance for PP&E exceeds $30 billion and will march higher in the years to come.
The railroad benefits from the use of accelerated depreciation just like utilities.
The whole thing was designed to keep you poor - Robert Kiyosaki
Quien tiene dinero tiene en su bolsillo a quienes no lo tienen
Quien tiene dinero tiene en su bolsillo a quienes no lo tienen
Quien tiene dinero tiene en su bolsillo a quienes no lo tienen
El Conocimiento es Poder...
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