billsfanone Posted August 14, 2008 Share Posted August 14, 2008 Damn Canadians. http://www.eia.doe.gov/pub/oil_gas/petrole...ent/import.html Link to comment Share on other sites More sharing options...
John Adams Posted August 14, 2008 Share Posted August 14, 2008 It doesn't look like oil profit margins are too bad compared to other industries. http://biz.yahoo.com/p/1qpmd.html http://biz.yahoo.com/p/s_qpmu.html Do the oil companies get a tax rebate for al the taxes they paid when they were losing money? Link to comment Share on other sites More sharing options...
billsfanone Posted August 14, 2008 Share Posted August 14, 2008 The US is the 3rd largest producer of oil. http://tonto.eia.doe.gov/country/index.cfm Link to comment Share on other sites More sharing options...
GG Posted August 14, 2008 Share Posted August 14, 2008 What's idiotic is you can't look at Exxon's revenue and simply divide it by the world's population and use that figure to show how much Exxon brings in per person in the world. That was my point, but your stupid post ignores what I wrote. First of all, it wasn't the total world population, but the developed world - which just happens to be the part that's touched by Exxon Mobil. Even if you use a 2 billion population figure for more developed countries, the total is still a fraction of a thousandth of penny/second. Link to comment Share on other sites More sharing options...
swede316 Posted August 15, 2008 Share Posted August 15, 2008 I thought this was America...Making money is good..The more you make the better. These companies pay their fair share of taxes, provide thousands of jobs, and keep paying dividends to their investors (most likely you and me). I don't get this hate towards the oil companies. OPEC sets production rates not Exxon or Chevron. Link to comment Share on other sites More sharing options...
KD in CA Posted August 15, 2008 Share Posted August 15, 2008 I thought this was America...Making money is good..The more you make the better. These companies pay their fair share of taxes, provide thousands of jobs, and keep paying dividends to their investors (most likely you and me). I don't get this hate towards the oil companies. OPEC sets production rates not Exxon or Chevron. Why bother teaching ignorant people how capitalism works and benefits them when you can simply demonize it by shouting out numbers that sound really big and as a result get them to vote for Democrats? Link to comment Share on other sites More sharing options...
pBills Posted August 15, 2008 Share Posted August 15, 2008 It's more about whether or not big oil has manipulated the system. Remains to be seen. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted August 15, 2008 Share Posted August 15, 2008 Oil companies are evil. Sincerely, Democrats. PS. The federal government makes takes in twice as much money per gallon of pumped gas than the companies that bring the gas to market... And that is bad? Again, you think you can run our infrastructure even more on the "cheap." Have at it, I guess... Link to comment Share on other sites More sharing options...
Chilly Posted August 15, 2008 Share Posted August 15, 2008 And that is bad? Again, you think you can run our infrastructure even more on the "cheap." Have at it, I guess... I propose a 75% tax rate for your income then. Link to comment Share on other sites More sharing options...
/dev/null Posted August 15, 2008 Share Posted August 15, 2008 Big Oil makes more money than I do. Therefore they've got to be up to something shady Besides, I can spend their money better than they could Link to comment Share on other sites More sharing options...
JK2000 Posted August 15, 2008 Share Posted August 15, 2008 I propose a 75% tax rate for your income then. Are you really suggesting oil companies are paying a 75% income tax rate? Do you have proof please? Is that just the rate or is it what they actually pay? Link to comment Share on other sites More sharing options...
/dev/null Posted August 15, 2008 Share Posted August 15, 2008 Are you really suggesting oil companies are paying a 75% income tax rate? Do you have proof please? Is that just the rate or is it what they actually pay? The original post in this thread linked an article to ABC News where the Exxon Mobile CEO stated that they make $1400 a second in profit and pay $4000 in taxes Tax Rate = Taxes / (Income) 4000 / (4000 + 1400) = 4000/5400 = 74.07% Link to comment Share on other sites More sharing options...
JK2000 Posted August 15, 2008 Share Posted August 15, 2008 The original post in this thread linked an article to ABC News where the Exxon Mobile CEO stated that they make $1400 a second in profit and pay $4000 in taxes Tax Rate = Taxes / (Income) 4000 / (4000 + 1400) = 4000/5400 = 74.07% Since when are income tax rates based on profits? Link to comment Share on other sites More sharing options...
/dev/null Posted August 15, 2008 Share Posted August 15, 2008 Since when are income tax rates based on profits? My first reaction was My second reaction was My third reaction was "NJSue?" Link to comment Share on other sites More sharing options...
Chilly Posted August 15, 2008 Share Posted August 15, 2008 Are you really suggesting oil companies are paying a 75% income tax rate? Do you have proof please? Is that just the rate or is it what they actually pay? Why not have a 75% tax rate? Gotta get the money for gubmint somehow. Link to comment Share on other sites More sharing options...
Alaska Darin Posted August 15, 2008 Share Posted August 15, 2008 Since when are income tax rates based on profits? Obama has campaigned on doing pretty much exactly that. Because he's so smart he'll be able to figure it out. You know, being the savior and all that. Link to comment Share on other sites More sharing options...
JK2000 Posted August 15, 2008 Share Posted August 15, 2008 Obama has campaigned on doing pretty much exactly that. Because he's so smart he'll be able to figure it out. You know, being the savior and all that. Are you guys talking about a windfall profits tax or income tax? Link to comment Share on other sites More sharing options...
Chilly Posted August 15, 2008 Share Posted August 15, 2008 Are you guys talking about a windfall profits tax or income tax? What's a windfall profit tax anyway? Link to comment Share on other sites More sharing options...
Alaska Darin Posted August 15, 2008 Share Posted August 15, 2008 And that is bad? Again, you think you can run our infrastructure even more on the "cheap." Have at it, I guess... This is yet another example of you taking 2+2 and figuring the sum to be "concrete". IF - and that's a big IF, the U.S. government actually cared about their Constitutional responsibilities rather than pandering for votes there'd be more than enough money in the Treasury to take care of the infrastructure of the country. That's because they touch $.20 of every dollar in the richest country in the history of the world. The amount they actually collect is more than all but a handful of countries can even generate. Of course, our really "smart" politicians and manage to spend all that and a significant percentage more. But if they had just a little more money, everything would be just like heaven. They keep selling, tardos keep buying. So rather than taking care of those responsibilities, they build little empires for themselves and get the retards to repeat all their little slogans. If you can get the people to concentrate on minutia, they tend to ignore the actual problems. People like George Washington (heard of him?) warned of these very things while this country was in its infancy. Reality is a tough sell. Link to comment Share on other sites More sharing options...
JK2000 Posted August 15, 2008 Share Posted August 15, 2008 This is yet another example of you taking 2+2 and figuring the sum to be "concrete". IF - and that's a big IF, the U.S. government actually cared about their Constitutional responsibilities rather than pandering for votes there'd be more than enough money in the Treasury to take care of the infrastructure of the country. That's because they touch $.20 of every dollar in the richest country in the history of the world. The amount they actually collect is more than all but a handful of countries can even generate. Of course, our really "smart" politicians and manage to spend all that and a significant percentage more. But if they had just a little more money, everything would be just like heaven. They keep selling, tardos keep buying. So rather than taking care of those responsibilities, they build little empires for themselves and get the retards to repeat all their little slogans. If you can get the people to concentrate on minutia, they tend to ignore the actual problems. People like George Washington (heard of him?) warned of these very things while this country was in its infancy. Reality is a tough sell. Maybe our federal income taxes would be a little lower without freeloading states like Alaska and Wyoming would stop demanding far more federal aid than the federal tax revenues they collect? Link to comment Share on other sites More sharing options...
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