Gas is pretty cheap compared to a lot of stuff. Cheaper than Coca-cola.
Exxon-Mobil made some big money, but thier profitability, their margin, is still lower than Microsoft.
In 2005, their last record of taxes, they paid over $23 billion on profits of a little above $59 billion. That's almost 40%.
Clinton is saying that their "tax breaks" need to end. I guess she'll use that money that the shareholders call profits into something else.
Does government execute anything very well other than the US Military and the US Post Office? Still have costs, but they get their jobs done.
The government does not run the US Postal Service any longer, and if you think the military is run efficiently, spend one day on any base in the US and you will think differently.
Hey Alexa- agreed- i used to call my dad at work when i was much younger-he was a high level govworker before his unfortunate meeting with a newly licensed 16 yr old driver, and I remember the term "playing cards" way too much when i called him-RIGHT AGAIN spideyone! le Chat
Quote from: Super Dave on February 04, 2007, 11:03:19 AM
Does government execute anything very well other than the US Military and the US Post Office? Still have costs, but they get their jobs done.
I dont know if i would call what they are doing now getting the job done...but to each his own i guess
clinton just needs something to get the people on her side. everone already dislikes the gas comps. so it would be an easy subject for her to talk about. but it'll never happen i'm sure.
applaud +!1 Chedman --Hillary always plays two sided-shes a big vote and $ politician who has a nice picture on the front page of the New York Post yesterday saying vote for me and I'll stop the War! (Iraq) I wonder where she thinks the Islamonuts will rally their compadres next- she scares me..
Someone needs to get close enough to Billary to ask her what percentage of the price of a gallon of gas goes to state, federal and local taxes....
Had to +1 you - BILLARY! :err: :lmao: :lmao: :lmao: :lmao: :lmao: Why didnt i think of it first :banghead: ...........Thats goooood-john
Ok, so that worked like I wanted it to...
So, everyone agrees that the government doesn't spend money well, and they shouldn't over tax corporations?
no one should be over taxed. even the gas comp. they'd just raise the price of gas and oil to offset their in pocket loss anyway.
buisness and corporate taxes are a myth.... the customer(us) is who really pays through higher prices. :spank:
I'd say that means if some get the additional taxes added on oil companies, their costs will rise, which mean everyone's costs rise.
Where's that "the poor get hit more with this" card?
And what is the cost of having a continuing supply?
As an example, I was sponsored by a company with a decent program. But since I was lucky, the things I needed weren't in stock. So, I had to pay more to get it elsewhere. Gasoline and diesel would just cost more in a market with spotty supplies.
$39.5 Billion dollars in net profit last year-ExxonMobil. A new record for American business.
$15 Billion tax subsidies to the energy corporations last year. :whine:
:wtf:
All the big corporations do is buy their way out of tax liability. Where do you think all the partisan support comes from.
Here's how the conversation goes:
Politician: "Please support my campaign."
CEO: "Why?"
Politician: "So I can take a huge salary for a couple of terms and then recieve full pension for life."
CEO: "What's in it for me?"
Politician: "In return I'll make sure your corporation doesn't get taxed to death. Oh, and if it's not too much trouble, kick me back a shitpile of money every year, so I don't forget who I'm looking out for."
CEO: "Fair enough, you crooked bastard."
Meanwhile the small business owner is taking it in the ASS so the government can balance the defecit. They think that calling us the "backbone of america" will make the rediculous tax payments easier to swallow.
:finger:
Sorry, I get a little irritable around tax time....
Amen Brother.
40% tax is a pretty huge tax liability, period.
I'm sure many people own funds that have investments in oil corporations here and abroad.
The risk that is available to the economy is that excessive taxes will slow the ability of a company to maintain supply to a specific market via buying on an open global market. If supplies run low, the prices go up. That's a nice immediate problem. That tanks the economy real quick. I'm sure that those things are even recognizable to racing organizations. I can see in at the race track and in other opportunities.
Well, I guess we have conflicting sources on their (Exxon-Mobil's) actual gross v. net profits, but those numbers are not really what you are taking issue with right?
You are taking issue with what Hillary, or the government in general, will do with the $15 Billion in Federal tax subsidies that were being given to big oil, right?
Quote from: JBraun on February 08, 2007, 06:16:00 PM
All the big corporations do is buy their way out of tax liability. Where do you think all the partisan support comes from.
Here's how the conversation goes:
Politician: "Please support my campaign."
CEO: "Why?"
Politician: "So I can take a huge salary for a couple of terms and then recieve full pension for life."
CEO: "What's in it for me?"
Politician: "In return I'll make sure your corporation doesn't get taxed to death. Oh, and if it's not too much trouble, kick me back a shitpile of money every year, so I don't forget who I'm looking out for."
CEO: "Fair enough, you crooked bastard."
Meanwhile the small business owner is taking it in the ASS so the government can balance the defecit. They think that calling us the "backbone of america" will make the rediculous tax payments easier to swallow.
:finger:
Sorry, I get a little irritable around tax time....
Amen couldn't of said it any better. My Parents own a small business and we are getting shit on by those crook polititions.
Quote from: spyderchick on February 04, 2007, 11:38:23 AM
The government does not run the US Postal Service any longer, and if you think the military is run efficiently, spend one day on any base in the US and you will think differently.
And what base is this you are talking about? You just lumped every military branch into one sentence. You obviously have never been on a military installation to be saying things like that.
:cheers: Thank you Mr Clark. Low pay, not a huge amount of resources, and real opportunities to get seriously hurt or killed during training, practice, and work. Yet, some of us have still volunteered to do such a thing.
Inspite of political cost over runs for programs and hardware, soldiers, sailors, and airmen are pretty inexpensive and do accomplish what they are allowed to do.
Quote from: Gixxerblade on February 10, 2007, 07:10:20 AM
And what base is this you are talking about? You just lumped every military branch into one sentence. You obviously have never been on a military installation to be saying things like that.
Actually, I have. Rhiannon served with the 128th Air National Guard and was deployed during "Iraqi Freedom". (Ask me about it sometime) Also we know quite a few people in the military, as well as Roger's father and my father having served. The military (All branches) wastes a lot of money in myriads of ways, from personnel use to purchasing. The problem I find is that they are penny wise, pound foolish, as well as redundant in areas where there is no need.