|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Jul 2006
Posts: 7,720
|
|
I will pay more in federal income taxes this year than ExxonMobil
On Wed, 07 Apr 2010 12:08:04 -0400, wrote:
On Wed, 07 Apr 2010 01:31:41 -0700, jps wrote:
Every time you drive up to the pump, you pay more in federal tax for a
single gallon of gasoline (18.4 cents) than ExxonMobil paid in U.S.
income taxes in 2009. That's in spite of the fact that the world's
second largest company had a gross operating profit of nearly $53
Corporations don't pay taxes, their customers do..
If they paid any additional taxes, it would simply show up in the
price of gas, with the profit tacked on.
I understand some people do want to increase taxes on gasoline and
this is a way to do it but understand that is what you would be doing.
Flawed logic. Exxonmobil is simply a conduit for sales taxes paid by
you and me. Doesn't make a whit of difference to ExxonMobil, whose
profit was the largest in history last year, while paying no taxes.
You think that's fair? Not me.
I do the same for the city, state and government when selling retail
but that doesn't make my company a productive tax producer, just a
conduit.
Where I produce for the state is in state revenue taxes and federal
income taxes.
|