IRS tax schemes in wind are sending YOUR MONEY to the elites who write these laws to serve themselves

zjgsmm.com

1/25/2020

One of the many ways the elitists use your energy to transfer more of your energy to them as he commented on accelerated depretiation IRS tax scheme written by lawmakers that have their own self interests in mind。 These are rules written by those same congressional lawmakers that recently boasted how they saved taxpayers $1 billion a year by forcing all able bodied humans to work or they don't get food stamps because no one should sit around and get free money from government except of course those who write the laws that make millions pour into their portfolios as they do nothing。 Even though there is not 100% employment in this country it doesn't matter to them if these able bodied can't find work what's important is the presentation scheme of making you feel like they are saving you the taxpayer billion$ when all it is saving you is $。52 per month by ripping food stamps away from people who overwhelmingly don't work because they can't find a fucking job in areas that elitist snobs use tax schemes to send jobs to other parts of the world while their portfolios skyrocket in value while government IRS revenues because of these schemes lose $53。2 billion per year。


Wind and Solar Subsidies Provide a Bonanza for Wall Street and Blittersdorf

Willem Post wrote the following on January 24, 2020

found here archived at http://web.archive.org/web/20200125101829/ Vermont is home of Bernie Sanders poop climate con alarmist guru who thinks he and his Lie-O-Crats are all smarter than God and that they can control weather by merely covering the Earth with disgusting puke fake clean energy systems that all use MORE/ENERGY and everyone knows this but they don't care because they are all cons out to get your energy.

This URL shows wind and solar prices per kWh would be at least 50% higher without direct and indirect subsidies。 They would be even higher, if the costs of other items were properly allocated to the owners of wind and solar projects, instead of shifted elsewhere。 See below section High Levels of Wind and Solar Require Energy Storage。

About 2/3 of the financial value of a wind project is due to direct and indirect subsidies, and the other 1/3 is due to electricity sales.

极品斗地主– Indirect subsidies are due to federal and state tax rebates due to loan interest deductions from taxable income, and federal and state MARCS depreciation deductions from taxable income.

– Direct subsidies are up-front federal and state cash grants, the partial waiving of state sales taxes, the partial waiving of local property, municipal and school taxes.

Any owner, foreign or domestic, of a wind and/or solar project, looking to shelter taxable income from their other US businesses, is allowed to depreciate in 6 years almost the entire cost of a wind and solar project under the IRS scheme called Modified Accelerated Cost Recovery System, MARCS. The normal period for other forms of utility depreciation is about 20 years.

Then, with help of Wall Street financial wizardry from financial tax shelter advisers, such as BNEF*, JPMorgan, Lazard, etc。, the owner sells the project to a new owner who is allowed to depreciate, according to MARCS, almost his entire cost all over again。 Over the past 20 years, there now are many thousands of owners of RE projects who are cashing in on that bonanza。

Loss of Federal and State Tax Revenues: The loss of tax revenues to federal and state governments due to MARCS was estimated by the IRS at $266 billion for the 5y period of 2017 – 2021, or about $53.2 billion/y. The IRS is required to annually provide a 5y-running estimate to Congress, by law. The next report would be for the 2018 – 2022 period.

The indirect largesse of about $53。2 billion/y, mostly for wind and solar plants^ that produce expensive, variable/intermittent electricity, does not show up in electric rates。 It likely is added to federal and state debts。

Most of the direct federal subsidies to all energy projects of about $25 billion/y also do not show up in electric rates. They likely were also added to the federal debt.

Most of the direct state subsidies to RE projects likely were added to state debts.

The additional costs of state-mandated RPS requirements likely were added to the utility rate base for electric rates。

* BNEF is Bloomberg New Energy Finance, owned by the pro-RE former Mayor Bloomberg of New York, which provides financial services to the wealthy of the world, including providing them with tax avoidance schemes。

^ In New England, wind is near zero for about 30% of the hours of the year, and solar is minimal or zero for about 70% of the hours of the year. Often these hours coincide for multi-day periods, which happen at random throughout the year, per ISO-NE real-time, minute-by-minute generation data posted on its website. Where would the electricity come from during these hours; $multi-billion battery storage, insufficient capacity hydro storage?

also reference


This explains why we see all of these companies constantly shifting ownership. We see this in the trail of ownership of sPower and asset transfers as well.

Arizona where the Chevelon Canyon Butte wind project sited on massive 49 square miles having received approval by government agencies while there was high disapproval by residents in the counties it will be placed in has a SWAMP rating of regarding ethics and rules that make sure politicians are not corrupt。


Here is an example of this tax equity financing notice in the 3rd paragraph "As part of 。。。。。。 wind generation assets must be transferred inot a new project company。"

This was website under the section of various 。

 

"Ashtabula Wind I, LLC is foreign limited liability company authorized to do business in North Dakota
with a principal address of 700 Universe Blvd, JunoBeach, FL, 33408"

 

极品斗地主Notice the company is foreign owned and that principle location is tax free state of Florida. This is how money is channeled from your federal taxes to these rich corporations and their beneficiaries while these monies are often added to national debts in the trillions and you watch your taxes go up and your electric and other energy bills go up and the rich just keep getting richer and richer and richer.

 

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copyright 2020 Kenneth Wegorowski

quoted materials belong to respective owners and presented for education in fair use principles

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