Red herring argument:

Ctrl +find type 'income'
not found on http://news.yahoo.com/worlds-dumbest...111300623.html

Income tax on a power generation business yes you just need to declare the income and depreciate the mechanical assets with other current expenses deducted from the income.

So, the buyer of the power sends you a check and a 1099.

The excise and sales taxes are passed through in the consumers energy bill. The excise and sales taxes are paid that way -- the state and feds get their cut .

This is not a Repukelican or Democrap issue -- this is an asinine law corruption issue.