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A Tax Loophole Worth Considering

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A thought to curb landfill and pollution problems, by tax credits.

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Full Circle Production Tax Credit.

If there's one tax loophole worth considering for corporations, it might be this:

Any producer of any article that assures its return in or with its container, or just its container, should it be spent; along with all extraneous parts but its mailing carton, to the original place of production in order to reincorporate it, as with returnable bottles, or usable machine parts, or to recycle it at the producer's cost, could deduct that cost from state and federal income taxes plus a "pollution reward" credit of ten percent of that credit.

The savings to the nation could be astronomical, considering landfill and pollution problems, etc. In addition, it would encourage the redesign of products to conform to pollution control.

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Further credits might be extended should the product be toxic.

On the Other Hand".


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Those in any company that are knowingly polluting, by dumping or extending into the environment by sale, of items industrial, comestible or wearable, whose whole or part may be injurious to living things in soil, air or water when disposed of; should be prosecuted at the same level that individuals are for violent assault or even, in case of known toxicity, attempted murder.

 

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Born in Long Island public school year in Sweden as exchange student, went to Harvard one year, Cooper Union in NYC as Art student. Have two children, one of whom is rock mogul, the other has three daughters, one of whom has two daughters, making me (more...)
 
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