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Windfall Profits Tax Has NEVER Worked

TSR

Well-known member
hypocritexposer said:
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?

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

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
 

TSR

Well-known member
aplusmnt said:
TSR said:
aplusmnt said:
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? :roll:

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.
 

aplusmnt

Well-known member
TSR said:
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.
 

aplusmnt

Well-known member
TSR said:
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.
 

kolanuraven

Well-known member
aplusmnt said:
TSR said:
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.


Hmmmm....I bet A Minus works for Exxon!!! :wink:
 

aplusmnt

Well-known member
kolanuraven said:
aplusmnt said:
TSR said:
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.


Hmmmm....I bet A Minus works for Exxon!!! :wink:

Don't even know if I have saw an exxon gas station in my area. Just call them as I see them. If Exxon paid almost 50% of gross profits in Taxes then they paid enough.

The large numbers just baffle you Liberals minds. Large gross investments usually turn large gross profits. A Rancher who runs 1,000 cows will deal in large numbers in comparison to a Rancher who runs 100 cows. Exxon is a large company, they deal in large numbers, they spend large amounts of money, they pay large amounts in taxes and they profit in large amounts. To truly understand their profitability you have to look at their percentages not their gross and on a percentage of money invested they are not a top money earner in America.
 

aplusmnt

Well-known member
kolanuraven said:
aplusmnt said:
TSR said:
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.


Hmmmm....I bet A Minus works for Exxon!!! :wink:

Don't even know if I have saw an exxon gas station in my area. Just call them as I see them. If Exxon paid almost 50% of gross profits in Taxes then they paid enough.

The large numbers just baffle you Liberals minds. Large gross investments usually turn large gross profits. A Rancher who runs 1,000 cows will deal in large numbers in comparison to a Rancher who runs 100 cows. Exxon is a large company, they deal in large numbers, they spend large amounts of money, they pay large amounts in taxes and they profit in large amounts. To truly understand their profitability you have to look at their percentages not their gross and on a percentage of money invested they are not a top money earner in America.
 

TSR

Well-known member
Soapweed said:
CattleArmy said:
Texan said:
That is so true, Soapweed. Most of the people in this world would LOVE to have our 'problems.'


Aww isn't that just sweet people who NEVER complain about anything. Just loving the whole situation.

As my mother used to say, "Some people would gripe if they were hung with a new rope." :wink:

Or as woman I knew growing up used to say, " Happy as a dead pig in the sunshine."
 

TSR

Well-known member
aplusmnt said:
TSR said:
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.

Let's clarify one thing here, Aplus, when you quote Exxon as having paid 50% in taxes, lets be sure that everyone knows the entire 50% didn't go to the United States.
Everyone needs to read the entire article especially about the 17 billion in tax breaks Exxon is starting tp reap from the US(thats besides what it is already getting) as the article says the United States gov is much kinder to Exxon than foreign goverments, with respect to taxes.

Let's see if the average was 50% worldwide and the US share was 34% (Of course you would have to consider those tax breaks you don't want anyone getting hung up on) Then somewhere they are paying a heck of a lot more than 50%, maybe they will leave that country and relocate here to escape those taxes. Then you can tell those countries about how they ran off a great company. :shock: :wink:
 
A

Anonymous

Guest
Gas Prices Got You Down? Oil and Gas Companies Want You to Back Them Up.

Published on May 9, 2008 1:54 PM

Oil and gas companies already have a pretty comfortable financial relationship with Congress, and now they're reportedly re-routing some of their money to an effort to lobby a different demographic--you, the disgruntled consumer. With gas prices sky-rocketing just in time for summer vacation, oil and gas producers are launching a multi-million-dollar campaign to appeal to voters, the Washington Post reported. As Congress debates whether to rescind billions of dollars of tax breaks for the industry and slap new taxes on it, oil producers hope voters will convince lawmakers that the pain at the pump isn't the industry's fault.

Spending a few million dollars on a public campaign is a drop in the oil barrel for an industry that has given $213.4 million to federal politicians and parties since the 1990 election cycle (75 percent of that went to Republicans) and spent $616.3 million lobbying since 1998 (making it the 8th highest spender among all industries). And as drivers are feeling increasingly pinched at the pump with no end in sight, Exxon Mobil alone reported a 1st Quarter profit of $10.89 billion.

http://www.opensecrets.org/news/2008/05/gas-prices-got-you-down-oil-an.html
 

Steve

Well-known member
an industry that has given $213.4 million to federal politicians and parties since the 1990 election cycle (75 percent of that went to Republicans) and spent $616.3 million lobbying since 1998 (making it the 8th highest spender among all industries).

OT if I had my way the politician receiving the cash would get taxed on it as well... heck why not add lobbyists cash to my tax as well.. call it the wind-bag tax.. :wink:
 

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