nom=de=plume wrote:
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.


Really? XOM is a sole proprietorship now? I missed that.

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


Really? XOM is a sole proprietorship now? I missed that.


Corporations, as they relate to campaign financing. Both sides of the isle
aren't sure about the implications.

http://www.npr.org/templates/story/s...ryId=122805666

--
Nom=de=Plume

wrote in message
...
On Wed, 7 Apr 2010 17:57:17 -0700, "nom=de=plume"
wrote:

"Larry" wrote in message
om...
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.

You are referring to speech rights, Larry is talking about tax status.
Two different things.


So far. With the current court, who knows. It's pretty hard to separate one
from the other, esp. if they're not paying their "fair" share.

--
Nom=de=Plume

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

On Wed, 7 Apr 2010 17:57:17 -0700, "nom=de=plume"
wrote:


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.

You are referring to speech rights, Larry is talking about tax status.
Two different things.


So far. With the current court, who knows. It's pretty hard to separate one
from the other, esp. if they're not paying their "fair" share.


Got a cite for any of this? What current court are you referring to and
what does any court have to do with it. You do know there are three
branches of government and how they work, right?

wrote in message
...
On Wed, 7 Apr 2010 19:33:26 -0700, "nom=de=plume"
wrote:

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

You are referring to speech rights, Larry is talking about tax status.
Two different things.


So far. With the current court, who knows. It's pretty hard to separate
one
from the other, esp. if they're not paying their "fair" share.

Let's not get too confused. The corporate officers are taxed when they
take the profits as compensation and the stock holders are taxed when
they take the profits as dividends. If the profits stay in the
corporation and used to grow the business that is good for everyone,
including the government. You are talking about double taxation.

There are plenty of ways for the corporate officers (or anyone who is
sufficiently well-off) to avoid most of the taxes.

Nothing wrong with growing a business from profit. Something is wrong though
when that runs counter to what's best for the country.

If you want to tax the corporations to get at the fat cats, tax the
"expenses" that are used for things the rest of us call the cost of
living. Better yet make the officers show that as income and tax them.

A fair tax for everyone is, well, fair. Another reason why a flat tax is
regressive (but that's another subject). Again though, we're talking about
the gov't stepping in, which is an anathema to some people.

--
Nom=de=Plume

wrote:
On Wed, 7 Apr 2010 17:57:17 -0700, "nom=de=plume"
wrote:


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.

You are referring to speech rights, Larry is talking about tax status.
Two different things.

That was the topic, right?

On 07/04/2010 10:08 AM, 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.

Employees do too, especially if the customers are unwilling to pay for
the increased prices of tax in.

Case in point, the market prices your widget at $100. More and they
don't sell. It breaks down as:

50% material costs.
20% calitalization costs.
10% taxes (all types)
14% labour and admin
02% transportation and misc.
04% profit.

Greedy government adds 2% to taxes and customers will not pay more it
becomes:

50% material costs.
20% calitalization costs.
12% taxes (all types)
12.5% labour and admin (10.1% wage decrease or layoffs)
02% transportation and misc.
03.5% profit.

Everyone loses but statism corrupt greedy government.

Same goes for services, tax your doctor or dentist more, their rates
will go up.

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

"Canuck57" wrote in message
...
On 07/04/2010 10:08 AM, 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.

Employees do too, especially if the customers are unwilling to pay for the
increased prices of tax in.

Case in point, the market prices your widget at $100. More and they don't
sell. It breaks down as:

50% material costs.
20% calitalization costs.
10% taxes (all types)
14% labour and admin
02% transportation and misc.
04% profit.

Greedy government adds 2% to taxes and customers will not pay more it
becomes:

50% material costs.
20% calitalization costs.
12% taxes (all types)
12.5% labour and admin (10.1% wage decrease or layoffs)
02% transportation and misc.
03.5% profit.

Everyone loses but statism corrupt greedy government.

Same goes for services, tax your doctor or dentist more, their rates will
go up.

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


Right. No one is going to pay for gas, esp. to heat their homes. Sure. That
makes sense.

--
Nom=de=Plume

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..

and since their customers are not necessarily all of us, it's
irrelevant. their stockholders pay taxes...not enough...but they do

On Thu, 08 Apr 2010 20:03:18 -0400, wrote:

On Thu, 08 Apr 2010 18:46:45 -0400, bpuharic 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..

and since their customers are not necessarily all of us, it's
irrelevant. their stockholders pay taxes...not enough...but they do

I take it you don't own stocks.

in my 401K. i have no income from stocks at all. none.


There is no surprise that stocks and dividends get special treatment.

yeah. they're owned by the rich.

Politicians take credit for a vibrant stock market.
Most of Bill Clinton's "great economy" was due to a booming market.
Even Greenspan, cheerleader for excess, called it "irrational". Some
of that was due to Clinton slashing the cap gains tax rate

and cutting the cap gains tax cut did precisely

zero

for the middle class. made the rich fantastically rich.

blew out the middle class