BoatBanter.com - View Single Post - I will pay more in federal income taxes this year than ExxonMobil

nom=de=plume

"Canuck57" wrote in message
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On 07/04/2010 3:44 PM, nom=de=plume wrote:
wrote in message
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On Wed, 07 Apr 2010 10:33:29 -0700, wrote:

On Wed, 07 Apr 2010 12:08:04 -0400, wrote:

On Wed, 07 Apr 2010 01:31:41 -0700, 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.

I guarantee you the tax burden is buried in the price. If you tax
Exxon, their price will go up by that amount..

So, we shouldn't tax them?? Because keeping that oil flowing is the
primary
concern?

Not necessarily. But know raising taxes on the other guy comes around to
you in due course.

Say you rent and heat is included. Exxon gets taxed more. Sends bigger
bill to the owner. Owner jacks your rent so he does not loose money.

When it comes to taxes, in the end we all pay. Government likes to let
people think taxing one and not the other is good, but this is a ruse to
get away with more taxes. Even your lettuce or stawberries that uses
Exxon fuel to get it to you will cost more.

And when too much wealth is sucked out of the economy, the economy
contracts into a recession. As there is a magic point where too much
taxes is unsupportable by the economy. Like now. Revenues are collapsing
because people are not spending the money they don't have that is going to
debt and taxes.

Taxes are like a well. Keep sucking to much out of it too fast and it
will dry up.

In the end, we all pay for more taxes.

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Liberal-statism is an addiction to other peoples money.

I'm afraid to ask... and your solution is what? You don't like taxes, you
don't want any regulations, yet ExMo doesn't pay it's fair share in the US.
Perhaps we should rely on their charity?

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Nom=de=Plume