Thank Exxon for NOT PAYING the I.R.S.

[whatfreedom]

all quite legal mind you but HARDLY PATRIOTIC as their remarkable profits DO NOT HELP the Armed Forces defending their wells, rigs or for that matter their tankers carrying crude from abroad but instead go to other governments likely to provide generous kickbacks to Swiss bank accounts 

http://motherjones.com/mojo/2010/04/exxon-mobil-paid-zero-income-tax-offshore%20shelter-wal-mart-general-electric-forbes

[WDVE]

Patriotic ?

I'm pretty certain that word should not be used by a radical...just sayin'

[beefman]

All joking aside this is pathetic. They would rather give the tax money to third world country's than pay it where they earn it. Can you say boycott?

[pbal]

all quite legal...

Maybe the democrats, who have controlled the Congress for more than 3 years and the White House for more than one, should do something about this. Meanwhile, when gas nudges the $4/gallon mark later this year, will Mother Jones be blaming Obama's oil cronies? I think not.

[whatfreedom]

Maybe the democrats, who have controlled the Congress for more than 3 years and the White House for more than one, should do something about this. Meanwhile, when gas nudges the $4/gallon mark later this year, will Mother Jones be blaming Obama's oil cronies? I think not.

pbal while you may not care to read liberal media, they do post in the story the source for the information WHICH IS FORBES MAGAZINE and the link includes taxes for the entire Top 25 US Giants

here:

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes_2.html

NOW, we can all wonder about DEMS doing something on this and they have in the past with something called a WINDFALL PROFITS TAX but now that Corporations get to BUY ELECTIONS thanks to the Supreme Court, and have unbridled funding access, changing TAX LAW or any law for that matter as the GOP says HELL NO is only going to change if an informed citizenry makes wiser decisions. How do we get an informed citizenry, when it is EXXON who spends the most to dispel scientific evidence that the PLANET IS WARMING from the very resources they are selling?

Remember, in economics it is supposedly ALL ABOUT supply & demand so the $4/gal we saw during geeW years was because of traders on Wall St rather than true economics though wasn't it?

[Wiener]

NOW, we can all wonder about DEMS doing something on this and they have in the past with something called a WINDFALL PROFITS TAX but now that Corporations get to BUY ELECTIONS thanks to the Supreme Court, and have unbridled funding access, changing TAX LAW or any law for that matter as the GOP says HELL NO is only going to change if an informed citizenry makes wiser decisions. How do we get an informed citizenry, when it is EXXON who spends the most to dispel scientific evidence that the PLANET IS WARMING from the very resources they are selling?

The Corporations did not buy the 2000 election, you need to get your facts straight.  Our Federal Supreme Court stopped the counting in florida and broke the constitution when they did it.  State law over rides the feds on this, the constitution protects the states to elect any way they want.  The Supreme Court stopped the counting with 60,000 ballots left to be counted.  Yes if the Supreme court had not stepped in Gore would have won that election.  Would be we as safe as we were for the 7 years after 9/11? I doubt it Gore is a ***** and he would have let them kill us and not done a damn thing in return.  So the lesser of two evils is how American's vote and I think the Supreme court did the same thing on that day, Dec, 12th of 2000.  Too bad for us that our Constitution got usurped once again, and we let it happen.

[pbal]

pbal while you may not care to read liberal media...

Your incessant willingness to assume facts not in evidence is one of the biggest stumbling blocks to your growth.

[whatfreedom]

Your incessant willingness to assume facts not in evidence is one of the biggest stumbling blocks to your growth.

and then from the FACTS readily available what say you of this?

Mother Jones’ Adam Weinstein notes that, despite benefiting from corporate welfare in the U.S., Exxon complains about paying high taxes, claiming that it threatens energy innovation research. Pat Garofalo at the Wonk Room notes that big corporations’ tax shelter practices similar to Exxon’s shift a $100 billion annual tax burden onto U.S. taxpayers. In fact, in 2008, the Government Accountability Office found that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005

[redcap]

Did it ever occur to you whatfreedom, that every dollar a corporation pays costs the consumer about $1.16?

Amazing how you can always ask everyone else to give.

[pbal]

So you refuse to address my objection to your incorrect characterization of my reading habits? Fine. When you first post an incorrect statement, perhaps you've made a mistake. When, in the face of refutation, you fail to correct that statement, you make yourself a liar.

...two out of every three United States corporations paid no federal income taxes from 1998 through 2005

How much FIT did their employees pay? Their stockholders? Their boards of directors? How many of these corporations are not-for-profit? How many are LLCs or S-corps, and how many of these were start-ups, not turning a profit, and therefore not paying FIT, for several years after their incorporation? How many didn't pay taxes because they failed? How many of these corporations paid no FIT EVERY year from 1998 through 2005? How much did they pay in other federal fees and taxes? Do you have any actual facts that would make your statistic in any way relevant to any informed and honest discussion on economics or taxation?

[redcap]

Humm, a quick count shows 9 questions.

Bet whatfreedom will choose not to answer at least 11 of them. 

[whatfreedom]

So you refuse to address my objection to your incorrect characterization of my reading habits? Fine. When you first post an incorrect statement, perhaps you've made a mistake. When, in the face of refutation, you fail to correct that statement, you make yourself a liar.

How much FIT did their employees pay? Their stockholders? Their boards of directors? How many of these corporations are not-for-profit? How many are LLCs or S-corps, and how many of these were start-ups, not turning a profit, and therefore not paying FIT, for several years after their incorporation? How many didn't pay taxes because they failed? How many of these corporations paid no FIT EVERY year from 1998 through 2005? How much did they pay in other federal fees and taxes? Do you have any actual facts that would make your statistic in any way relevant to any informed and honest discussion on economics or taxation?

ok why I bite not sure but perhaps a sucker but here goes without links AS FEW other than ME ever provide em:

FIT tax by employees depends upon :Earnings, Exemptions,Deductions and thusbecause most Exxon employees earn above minimum & some in the statospphere it is likely they pay less than the average of normal earners because they can afford accountants, have PAID benefits, matching 401s and such and the FICA/Medicare percentage is NOT on full income earned

The not-for profits: I am certain Exxon has accountants who can mitigate TAX liability by donating to non-profits(EVEN THOSE WHO SWAY LEGISLATION)
Haven't look at Exxon Prospectus to see whether they had any failed investments but AGAIN, depends upon competency of accounting firm, which Exxon CAN CERTAINLY afford the FINEST
Didn't look at the others, but they all can hire Anderson, Coopers-Lybrand or other TOP Tier firms
As for INVESTORS, yes if the institutional investors or even individual investors like the earnings to price ratio of these companies it is GOOD, but AGAIN they are taxed at a maximum rate LOWER than for ordinary income

WHWERE do YOU believe I have misled anyone?

[redcap]

Once again, WF, you have proven yourself a babbling idiot.

Formula for any business. Pricing will be enough to cover expenses plus a % for overhead, and a % for profit.

Taxes are an expense. Therefore every dollar spent for taxes comes back to the consumer as the tax plus a % for overhead and a % for profit.

Please quit begging for the corporations to pay taxes, those of us not as well off as you can not afford it.

[redcap]

ok why I bite not sure but perhaps a sucker but here goes without links AS FEW other than ME ever provide em:

FIT tax by employees depends upon :Earnings, Exemptions,Deductions and thusbecause most Exxon employees earn above minimum & some in the statospphere it is likely they pay less than the average of normal earners because they can afford accountants, have PAID benefits, matching 401s and such and the FICA/Medicare percentage is NOT on full income earned So you believe those that make more pay less taxes?

The not-for profits: I am certain Exxon has accountants who can mitigate TAX liability by donating to non-profits(EVEN THOSE WHO SWAY LEGISLATION)
Haven't look at Exxon Prospectus to see whether they had any failed investments but AGAIN, depends upon competency of accounting firm, which Exxon CAN CERTAINLY afford the FINEST WTH are you trying to say?
Didn't look at the others, but they all can hire Anderson, Coopers-Lybrand or other TOP Tier firms
As for INVESTORS, yes if the institutional investors or even individual investors like the earnings to price ratio of these companies it is GOOD, but AGAIN they are taxed at a maximum rate LOWER than for ordinary income And without investors there are no corporations, without corporation there are no jobs, without jobs there are no unions, without unions we might be able to compete more on the world level.
Anytime yo hit your keyboard.
WHWERE do YOU believe I have misled anyone? Anytime you use your keyboard.

[Wiener]

So you refuse to address my objection to your incorrect characterization of my reading habits? Fine. When you first post an incorrect statement, perhaps you've made a mistake. When, in the face of refutation, you fail to correct that statement, you make yourself a liar.

How much FIT did their employees pay? Their stockholders? Their boards of directors? How many of these corporations are not-for-profit? How many are LLCs or S-corps, and how many of these were start-ups, not turning a profit, and therefore not paying FIT, for several years after their incorporation? How many didn't pay taxes because they failed? How many of these corporations paid no FIT EVERY year from 1998 through 2005? How much did they pay in other federal fees and taxes? Do you have any actual facts that would make your statistic in any way relevant to any informed and honest discussion on economics or taxation?

OMG Pbal I have always loved your wit, but now you are exposing your brain and I am liking it.