You are assuming that the EIA has not included that in their calculation ?JackFlorey wrote: ↑Jun 01 2020 11:45pmYep. For a fun (and insidious) oil subsidy google "depletion allowance." This tax break means they can deduct a percentage of the income from the oil they pump because the well is being "depleted." And even more fun - they can deduct more than 100% of the amount of oil in the well! Sort of an infinite deduction. Whatever oil company executive thought that one up is a genius.
I doubt the solar generators would want to reduce their tax deductions down to only 28% !Let's do the same thing for renewables. Let solar companies deduct 28% of the tax on any income that comes from solar generation, because after all you are depleting the sun - that thing's not going to last forever.
But its not inconceivable...
.. the UK used to have a “window tax”. Depending on how many windows you had in the house , and their size, the more tax you had to pay...presumeably for sunlight used ? !!
And some of us have to pay a “Rain water” tax, proportional to the roof area of the house, which dictates how much rainwater you can harvest, and/or how much water you feed into the storm drains !