It might be more realistic politically to think of providing a 50
per cent subsidy for 400 000 systems.
Finally, the value of deductions rises with marginal tax rates, which are higher for those with higher incomes: someone in the bottom tax bracket only gets a 10 -
cent subsidy for $ 1 of deductions while someone in the top bracket gets 39.6 cents.
He said that the council approved the procurement of 50 units of tractors at the cost N13.9 million per tractor, noting that interested farmers will pay 40 per cent of the unit price of the tractor before collection and government will pay 60
per cent subsidy per tractor.
«One is in a sense offering a 50 per
cent subsidy.»
Take away the 45
cent subsidy and it is more expensive that gas!