On Wed, 24 Aug 2011 11:09:32 -0400, wrote:

On Tue, 23 Aug 2011 23:31:44 -0700, wrote:

On Wed, 24 Aug 2011 01:53:41 -0400, wrote:

On Tue, 23 Aug 2011 20:28:11 -0700, wrote:

On Tue, 23 Aug 2011 20:47:09 -0600, Canuck57
wrote:

On 23/08/2011 8:36 PM, Califbill wrote:
"Canuck57" wrote in message news
On 23/08/2011 9:47 AM, wrote:
On Mon, 22 Aug 2011 21:37:12 -0700, "Califbill"
wrote:

Reply:
Actually read the article.
http://money.cnn.com/galleries/2010/...x_bills/2.html

Exxon paid 47% of their profit in taxes. Just not in the US. They
get to
deduct those taxes paid overseas. It says Nigeria gets a tax rate of
85% on
any profits in the country. Seems as if it is congress problem, not an
Exxon problem. Looks like Exxon actually paid the USA 7.7 Billion in
taxes
and duties last year. Seems as if that added some to the cost of fuel.

I thought the US was the most heavily taxed nation in the world. Which
is it. Do we have high or low taxes? Since you claim to have read the
article, please tell us how many taxes Exxon paid to the IRS?
Absolutely zero, so naturally we gave them a subsidy to ruin the
environment.

Maybe on a gross level, but no one an individual level. Just that with
your record you can't travel out of state much less the country.
--
We have the most expensive governments no one can afford.
And wonder why the economy is doing so poorly?


Reply:
Article said Exxon paid $7.7 billion in taxes to USA entities.

I am sure they did. I know COP pays plenty, I read their financial reports.

What we really see here is a evil idiot Obama using peoples greed and
envy as blame deflection. Get them to hate someone else, appealing to
low life need to hate. Have them hate the "rich" and they will hate
Obama less. Feed and prey on the gullibility of stupid fleabaggers.

A well known, open discussed form of management and political psychology
and I am sure Obama picked it up at Harvard or somewhere. Usually a
sign of a political bully mentality with narcissism and a closed mind.
Certain shows Obama to be a manipulative SOB.

US corporations also pay FICA tax (6.2%). So, despite that Greg said
corporations don't pay taxes, they do.

Employees pay FICA, it is just factored into their wages.
I am sure you have never made a payroll either.
Fica, insurance and other benefits are simply another part of the cost
of labor.

That is why a "contractor" makes more money.

Employers pay also. Employees currently pay 4.2%. Employers currently
pay 6.2%.

Contractors "make more money" in initial take home pay only if they
are 1099 workers. If they are W2 workers, the same numbers apply. If
they are 1099 workers, they pay the total FICA (4.2 + 6.2).

I'm sure you don't know much about the tax system in this country,
since you obviously don't know about how FICA is collected.

As I've said several times, I have a few employees. How many do you
have? Zero.

FICA, insurance, etc. are certainly part of doing business. So what?
That's a meaningless comment.

I know how it is "collected", we are talking about where it comes from
(the labor of the employee, passed on to the customer in the cost of
the product, with profit tacked on)

I said corporations only COLLECT taxes, they don't pay them,.

Are you trying to say you do not take FICA into account when you
decide how much you are willing to pay an employee and how you price
your service?

Yes a contractor does get paid on a 1099 what's your point? I have
been a contractor and an employee. I like contractor better.

I have no employees right now but my wife has over 40, more in season.

When we had our other business we had a mix of employees and
contractors. If someone wanted to change from a contractor to an
employee, they took a pay cut, enough to cover the FICA, insurance and
other costs ... or we considered it a raise. You work for every dime
of that FICA.

You're not thinking properly. Corps pay taxes. They pay FICA. It
doesn't come from workers. It's based on how much the corps pay them.
People's pay certainly isn't "reduced" to pay for FICA, etc. It's the
cost of doing business.

You can dance all you want, but the bottom line is that you believe no
corp taxes are appropriate. Zero. Well, it doesn't work that way. FICA
is paid by both the worker and the corp. Feel free to argue until
you're blue in the face, but it's nonsense.

Actually, contractors can work on a W2 basis. They just work for
another corp that ALSO takes out and PAYS FICA.

So, feel free to admit your wrong or don't.

Corps make decisions based on all sorts of factors, one of which is
tax and benefit costs. So what.