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First recorded activity by BoatBanter: Aug 2009
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Default I will pay more in federal income taxes this year than ExxonMobil

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

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.


Yeah, the island. The one we're on. I'm on the other side with the
rational
people.

I never said XOM was not a corp. I said that legally they're treated as
an
individual. Try again bozo.


Read it again. I'm not going to do it for you.



Perhaps you're incapable, as you are in so many other aspects of your life.

--
Nom=de=Plume


 
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