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TSR
Rancher
Joined: 27 Apr 2005
Posts: 1596
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 Posted: Wed May 07, 2008 2:40 pm Post subject: |
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| aplusmnt wrote: |
| Texan wrote: |
You whine to take money away from legal corporations to 'get even.' You whine because those corporations make a large profit. |
Funny (in a sad way) is they whine and blame Bush when jobs leave America or a company fails and has to fire all its employee's. Then they Whine when a company is a success and provides jobs for Americans.
No pleasing the Whiners. |
I see it another way, I guess conservatives are glad the working man/taxpayer is giving part of his salary away to those corporations via tax breaks etc. with no guarantees on a return for that money. I don't see that as 'getting even'. I believe Otimer has a valid point- as long as those conglomerates can keep making the multi mega bucks do you think they will get in a hurry to find cheaper alternative energy sources?? I know they pay taxes but if they can afford to pay those taxes with the huge profits they've earned certainly they don't need any of my money do they? I don't get any of theirs when I pay mine. I guess everything is just like it ought to be for some of you who call yourselves conservatives.
Blame Bush for when a company leaves America?? No, I only blame this administration for keeping on giving them the taxpayer's money. They have the best of both worlds, our money to help set up in foreign country and that country's cheap labor. What more could you ask for?? Some of the candidates proposed only giving significant tax breaks to those companies starting up in America. I guess conservatives would be against that idea also.
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hypocritexposer
Rancher
Joined: 12 Apr 2008
Posts: 16326
Location: real world
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| Posted: Wed May 07, 2008 4:39 pm Post subject: |
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| They have the best of both worlds, our money to help set up in foreign country and that country's cheap labor |
are you saying that if those corporations didn't get the tax breaks, there would be less jobs in the US?
| Quote: |
| I see it another way, I guess conservatives are glad the working man/taxpayer is giving part of his salary away to those corporations via tax breaks etc. with no guarantees on a return for that money |
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aplusmnt
Rancher
Joined: 25 Aug 2006
Posts: 5931
Location: Southeast Kansas
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| Posted: Wed May 07, 2008 5:28 pm Post subject: |
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| TSR wrote: |
| aplusmnt wrote: |
| Texan wrote: |
You whine to take money away from legal corporations to 'get even.' You whine because those corporations make a large profit. |
Funny (in a sad way) is they whine and blame Bush when jobs leave America or a company fails and has to fire all its employee's. Then they Whine when a company is a success and provides jobs for Americans.
No pleasing the Whiners. |
I see it another way, I guess conservatives are glad the working man/taxpayer is giving part of his salary away to those corporations via tax breaks etc. with no guarantees on a return for that money. I don't see that as 'getting even'. I believe Otimer has a valid point- as long as those conglomerates can keep making the multi mega bucks do you think they will get in a hurry to find cheaper alternative energy sources?? I know they pay taxes but if they can afford to pay those taxes with the huge profits they've earned certainly they don't need any of my money do they? I don't get any of theirs when I pay mine. I guess everything is just like it ought to be for some of you who call yourselves conservatives.
Blame Bush for when a company leaves America?? No, I only blame this administration for keeping on giving them the taxpayer's money. They have the best of both worlds, our money to help set up in foreign country and that country's cheap labor. What more could you ask for?? Some of the candidates proposed only giving significant tax breaks to those companies starting up in America. I guess conservatives would be against that idea also. |
If the oil companies pay record taxes in the government exactly what are these tax breaks they are getting? Please clarify exactly what oil companies are getting a break on. I would bet very few companies pay as much in taxes as they do. You make it out like they are paying no taxes and getting rebates out of the tax money you pay in?
Also do you agree that Farmers or Ranchers get tax breaks? Should a farmer get a property tax break? Or should they get any subsidies of any kind.
Exxon paid $30,000,000,000 in taxes in 2007 that is 30 billion dollars and in 2006 they paid in $28,000,000,000 in taxes, that is 28 billion dollars. Now tell me just how much of your tax dollars do you think Exxon got? 
If they are getting a tax break good for them, any company that pays in almost 60 billion dollars in taxes in two years has did their part to supporting the infrastructure of the U.S. How much did you do to keep America ticking? Can you imagine how many other dollars they have contributed toward matching their employee's Social Security payments, how much they paid in to unemployment system, how much personal tax dollars were paid in by their employees paying their income tax on good paying jobs?
The personal income, wealth and tax revenue generated by this one single company is unimaginable! They generate 100's of Billions of dollars into our economy providing people with a product that they can not get enough of. What have you did lately for America's economy?
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aplusmnt
Rancher
Joined: 25 Aug 2006
Posts: 5931
Location: Southeast Kansas
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| Posted: Wed May 07, 2008 5:41 pm Post subject: |
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Perhaps more surprising was this figure buried in the Exxon (XOM) report: $9.3 billion. That's how much Exxon paid in worldwide income taxes in the first quarter of 2008, representing a 49% tax rate on its gross income of $20.2 billion
http://www.businessweek.com/bwdaily/dnflash/content/may2008/db2008051_596535.htm?campaign_id=rss_topStories
While Exxon’s profit is large in terms of absolute dollars, but so is the company. In 2005, profits for the world’s largest oil company were only 9.7 percent of its revenues, up from 9.6 percent of revenue in 2004, and far less than the 2004 Bank of America (NYSE: BAC) profit margin of 21.6 percent or Johnson and Johnson’s (NYSE: JNJ) 18 percent, according to data from Forbes magazine. Within the petroleum industry, ExxonMobil was vastly outperformed by Communist China’s state-owned PetroChina, which yielded nearly a 23 percent profit in 2004.
Newspapers, part of the media that criticize oil profits, heavily outperformed Exxon in 2004. “The average 2004 operating margin of publicly owned newspapers… was 20.5 [percent],” the Los Angeles Times cited industry analyst John Morton in its Nov. 24, 2005, paper
http://www.businessandmedia.org/news/2006/news20060131.asp[/list]
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TSR
Rancher
Joined: 27 Apr 2005
Posts: 1596
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| Posted: Thu May 08, 2008 7:03 am Post subject: |
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| hypocritexposer wrote: |
| Quote: |
| They have the best of both worlds, our money to help set up in foreign country and that country's cheap labor |
are you saying that if those corporations didn't get the tax breaks, there would be less jobs in the US?
| Quote: |
| I see it another way, I guess conservatives are glad the working man/taxpayer is giving part of his salary away to those corporations via tax breaks etc. with no guarantees on a return for that money |
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No What I am saying is tax breaks, in my opinion, should go primarily to small start up companies who want to keep jobs right here in America. After they start turning a profit consistently then those tax breaks need to be phased out. JMHO
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TSR
Rancher
Joined: 27 Apr 2005
Posts: 1596
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| Posted: Thu May 08, 2008 8:18 am Post subject: |
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| aplusmnt wrote: |
| TSR wrote: |
| aplusmnt wrote: |
| Texan wrote: |
You whine to take money away from legal corporations to 'get even.' You whine because those corporations make a large profit. |
Funny (in a sad way) is they whine and blame Bush when jobs leave America or a company fails and has to fire all its employee's. Then they Whine when a company is a success and provides jobs for Americans.
No pleasing the Whiners. |
I see it another way, I guess conservatives are glad the working man/taxpayer is giving part of his salary away to those corporations via tax breaks etc. with no guarantees on a return for that money. I don't see that as 'getting even'. I believe Otimer has a valid point- as long as those conglomerates can keep making the multi mega bucks do you think they will get in a hurry to find cheaper alternative energy sources?? I know they pay taxes but if they can afford to pay those taxes with the huge profits they've earned certainly they don't need any of my money do they? I don't get any of theirs when I pay mine. I guess everything is just like it ought to be for some of you who call yourselves conservatives.
Blame Bush for when a company leaves America?? No, I only blame this administration for keeping on giving them the taxpayer's money. They have the best of both worlds, our money to help set up in foreign country and that country's cheap labor. What more could you ask for?? Some of the candidates proposed only giving significant tax breaks to those companies starting up in America. I guess conservatives would be against that idea also. |
If the oil companies pay record taxes in the government exactly what are these tax breaks they are getting? Please clarify exactly what oil companies are getting a break on. I would bet very few companies pay as much in taxes as they do. You make it out like they are paying no taxes and getting rebates out of the tax money you pay in?
Also do you agree that Farmers or Ranchers get tax breaks? Should a farmer get a property tax break? Or should they get any subsidies of any kind.
Exxon paid $30,000,000,000 in taxes in 2007 that is 30 billion dollars and in 2006 they paid in $28,000,000,000 in taxes, that is 28 billion dollars. Now tell me just how much of your tax dollars do you think Exxon got?
If they are getting a tax break good for them, any company that pays in almost 60 billion dollars in taxes in two years has did their part to supporting the infrastructure of the U.S. How much did you do to keep America ticking? Can you imagine how many other dollars they have contributed toward matching their employee's Social Security payments, how much they paid in to unemployment system, how much personal tax dollars were paid in by their employees paying their income tax on good paying jobs?
The personal income, wealth and tax revenue generated by this one single company is unimaginable! They generate 100's of Billions of dollars into our economy providing people with a product that they can not get enough of. What have you did lately for America's economy? |
Aplus certainly you have heard McCain and Bush talk about extending/making permanent the tax cuts for corporations?? I feel like the oil conglomerates would fit in that category. You like to point out the taxes they paid but they also made multi-zillions didn't they? You're right the wealth they amass is unimaginable,so why do they need a tax break? Explain please?
How much of my dollars did they get?? Legally or illegally? Until the Energy Task Force minutes are made public as they should be (you do agree with that don't you?) I can't answer your question. But if they are not paying the percentages they formally paid then its no different than taking money out of the tax revenues is it? I mean if they were struggling
then help might be in order but as it stands right now, I just don't see it
I think farmers should get a property tax break, agricultural land is different than commercial business property in my opinion. Although depending on the property your looking at it would be debateable in certain instances. Generally if its used for agricultural purposes, I see nothing wrong with a property tax break. If the land was owned by a corporation and became part of its empire then I think tax adjustments might be in order depending on how its used. I am not a big fan of subsidies for one thing the goverment (taxpayers) usually bail out failures anyway according to what I have seen in the past. Also who benefits the most from subsidies- the largest corporate farmer who is able many times to squeeze out his competition with the help of subsidies. I will give the president credit for trying to curtail subsidies but as I recall he wasn't successful as the corporate farmers just had too much political power.
What have I done? What have you done? I have paid taxes all my life.
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aplusmnt
Rancher
Joined: 25 Aug 2006
Posts: 5931
Location: Southeast Kansas
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| Posted: Thu May 08, 2008 8:18 am Post subject: |
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| TSR wrote: |
No What I am saying is tax breaks, in my opinion, should go primarily to small start up companies who want to keep jobs right here in America. After they start turning a profit consistently then those tax breaks need to be phased out. JMHO |
Instead of getting hung up on words like "Tax Breaks" why don't you look above and see that a company like Exxon payed almost 50% of their gross profits in taxes. If they would not have gotten these tax breaks what would they have had to pay in 75%?
Corporate taxes are to high in America, that is one reason we have businesses leaving for other countries. And Libs like you want to tax those few that are left and profitable so they leave also?
Exxon paid a higher percent of gross profits in taxes than the average corporation, any tax breaks are a mute point! Be happy for the fact there is an American company still providing good jobs and keeping the economy rolling.
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aplusmnt
Rancher
Joined: 25 Aug 2006
Posts: 5931
Location: Southeast Kansas
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| Posted: Thu May 08, 2008 8:20 am Post subject: |
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| TSR wrote: |
No What I am saying is tax breaks, in my opinion, should go primarily to small start up companies who want to keep jobs right here in America. After they start turning a profit consistently then those tax breaks need to be phased out. JMHO |
Instead of getting hung up on words like "Tax Breaks" why don't you look above and see that a company like Exxon payed almost 50% of their gross profits in taxes. If they would not have gotten these tax breaks what would they have had to pay in 75%?
Corporate taxes are to high in America, that is one reason we have businesses leaving for other countries. And Libs like you want to tax those few that are left and profitable so they leave also?
Exxon paid a higher percent of gross profits in taxes than the average corporation, any tax breaks are a mute point! Be happy for the fact there is an American company still providing good jobs and keeping the economy rolling.
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kolanuraven
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Joined: 27 Jul 2005
Posts: 9981
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aplusmnt
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Joined: 25 Aug 2006
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Location: Southeast Kansas
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aplusmnt
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Joined: 25 Aug 2006
Posts: 5931
Location: Southeast Kansas
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TSR
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Joined: 27 Apr 2005
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