Bill McKee wrote:
wrote in message
...

Bill McKee wrote:

wrote in message
...


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.


Profitable corporations do not pay taxes. They pay a business expense.
And
expenses are calculated in to the price the consumer pays.




Do you have an example of that? Pick a publicly traded company and look
at their balance sheet and financial statement. Profits = taxes. If they
were an expense they would reduce the profits.

Profits are what you have after expenses. So the tax expense is built in to
the cost structure. XOM may not pay any US income tax, but I pay on my
dividends I receive from them. Also 46% of the workers in this country do
not pay income tax. And lots of those get back extra from the government.
Is one thing to not pay taxes, but to get back money is criminal. Criminal
for government. A family of 4 making $50k will not pay any income tax. But
they get all the benefits of society. They get an 11k deduction that
everyone gets, which leaves them an about $2k tax bill. They they get a $K
credit for each kid. the $2k tax bill is now zero. That is middle class
America making $50k.



I can't see where we didn't agree on that.

wrote in message
...
On Wed, 07 Apr 2010 10:33:29 -0700, jps wrote:

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.

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?

--
Nom=de=Plume

On 07/04/2010 3:44 PM, nom=de=plume wrote:
wrote in message
...
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.

--
Liberal-statism is an addiction to other peoples money.

"Canuck57" wrote in message
...
On 07/04/2010 3:44 PM, nom=de=plume wrote:
wrote in message
...
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.

--
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?

--
Nom=de=Plume

nom=de=plume wrote:


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?


Quit whining. You having trouble getting gas for your car/truck/boat?
No?
Thank ExxonMobil for that, and don't go killing the goose that lays the
golden eggs. I'm scrambling those eggs every day.

Jim - Some folks just don't know how good they got it.

On Wed, 07 Apr 2010 19:17:47 -0600, Canuck57
wrote:


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.

what's funny is the right pushes tax cuts ONLY for the rich. if
cutting taxes is good, why do they NEVER propose tax cuts for the
middle class?



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.

and who are these people? the middle class. we've been raped by the
rich who got their massive wealth increases, t heir tax cuts and
passed the bills to the middle class.



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.


we all need to pay a fair share; the rich do not

On Wed, 07 Apr 2010 17:38:41 -0400, wrote:

On Wed, 07 Apr 2010 10:33:29 -0700, jps wrote:

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.

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

Ah, yes. That's how I price my products too. NOT! Corporations do
not price their products to ensure exhorbitant profits. They price
them consistent with what the market will bear, based on supply and
demand. That's especially true of commodity sellers like EM.

wrote in message
news
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.


There is a basic problem with how corporations are treated as individuals.
They're not people.

--
Nom=de=Plume

nom=de=plume wrote:
wrote in message
news
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.


There is a basic problem with how corporations are treated as individuals.
They're not people.


That's an S-corp. Exxon Mobil is a publicly traded C-corp.

"Larry" wrote in message
...
nom=de=plume wrote:
wrote in message
news
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.


There is a basic problem with how corporations are treated as
individuals.
They're not people.


That's an S-corp. Exxon Mobil is a publicly traded C-corp.


Nope. ExxonMobil is treated as an individual, according the several Supreme
Court rulings. Most recently, this involved lobbying limits being removed.

--
Nom=de=Plume