Ferrari Mailing List: Re: It's bad enough being ignorant, don't be hypocritical too

[Todd Walke (racertod]

Brian wrote:

>Plus, they as a business receive
>money from the Government to operate AND they make money from postage
>sales, etc.

        Umm, actually they don't receive any tax dollars for 
operations.  The Postal Reorganization Act in 1971 made the Post Office an 
independent entity of the executive branch of the United States government 
and began the process of eliminating direct subsidies.
        From page 30 of the 2005 Annual Report 
(http://www.usps.com/history/anrpt05/):

"As an independent establishment of the executive branch of the United 
States government, we receive no tax dollars for our operations. We are 
self supporting, and have not received a public service appropriation since 
1982. The last time we received any substantial contribution of capital 
from the U.S. government was in calendar years 1976 and 1977, when we 
received two $500 million payments which we were required to use to repay 
operating debt. We fund our operations chiefly from cash generated from 
operating revenue."


Todd
Seattle,WA
'86 GTI, Red of course. (exciting racey car)  263,000 miles
'87 Golf, Polar Silver. (boring work car)     590,000 miles <- Yeah, baby!
http://www.pureluckdesign.com <-Ferrari & VW stuff