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

nom=de=plume wrote:
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


Did you mean aisle? I'm here to help.

When did this discussion deviate from taxes? Evidently you chose to put
up this smoke screen.

Read your own words before you write. You said XOM was not a
corporation. Now you are trying to avoid your mistake and change the
discussion to campaign financing? Nice try.