bodypilot90 0 #26 August 3, 2008 How does tax the oil companies more make fuel prices drop? Explain how this works. Seem to me adding the gov't to do anything only adds to the cost. In the long run it will cost everyone more. Oh except the DNC when they cheat on paying the gas taxes. The same ones they want you and I to pay. Quote Share this post Link to post Share on other sites
Muenkel 0 #27 August 3, 2008 Quote Be at peace my friend. Come Jan. 20, 2009 when Pres. Obama is sworn in, the heavens will open up. Choirs of angels will sing. Iran and Israel will become the best of friends. Al Qaeda will lay down their arms. The rich will distribute all their money to the poor. Environmentalists will teach the rest of the country how to live and the air will become sparkly clean and the water crystal clear. The Garden of Eden will once again appear and spread throughout the U.S. and throughout the world because Barack Obama is truly the 2nd coming. -------------------------------------------------------------------------------- And yopu might fall down the stairs again. Who is yopu? Some skygod I've never heard of. _________________________________________ Chris Quote Share this post Link to post Share on other sites
idrankwhat 0 #28 August 5, 2008 Quote I keep hearing about these massive subsidies to the petroleum industry. Start itemizing actual dollars and cents - what are these subsidies? These folks came up with $32.9 billion over 5 years. Quote Share this post Link to post Share on other sites
billvon 2,998 #29 August 5, 2008 It's a bad idea. Almost as bad as sending people checks _without_ a way to pay for it. >And what is scary is that the sheeple will line up and say give me my >money. Obama is a socialist . . . Perhaps true - but at least he is less of a socialist than the guy we have in there now, who did the "free money" thing twice so far. Quote Share this post Link to post Share on other sites
AWL71 0 #30 August 5, 2008 QuoteIt's a bad idea. Almost as bad as sending people checks _without_ a way to pay for it. >And what is scary is that the sheeple will line up and say give me my >money. Obama is a socialist . . . Perhaps true - but at least he is less of a socialist than the guy we have in there now, who did the "free money" thing twice so far. Im no fan of Bush so you will get no dissent from me. So why do you support Obama when you know he will continue the handouts, especially if he passes a universal health care program?The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
AWL71 0 #31 August 5, 2008 QuoteQuote I keep hearing about these massive subsidies to the petroleum industry. Start itemizing actual dollars and cents - what are these subsidies? These folks came up with $32.9 billion over 5 years. Lets put this in perspective. Exxon's tax bill last year was 30 BILLION. With taxes like that they should get some relief in the form of subsidies. Source: http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billionThe most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
billvon 2,998 #32 August 5, 2008 >So why do you support Obama when you know he will continue the >handouts, especially if he passes a universal health care program? Because he's not as bad as McCain. McCain would continue the handouts AND cut revenues dramatically, leading to an eventual economic collapse of the US government. Quote Share this post Link to post Share on other sites
billvon 2,998 #33 August 5, 2008 >Exxon's tax bill last year was 30 BILLION. With taxes like that they >should get some relief in the form of subsidies. ?? Why shouldn't they pay the same as everyone else? Why should a struggling biotech startup be taxed more heavily than a company that is making record profits? That makes zero sense. Quote Share this post Link to post Share on other sites
AWL71 0 #34 August 5, 2008 I never said they should not be taxed. They should pay taxes like all other corporations. But they should not be penalized for success. And people fail to realize that there is a difference between revenue and profit margin. There are numerous companies that have higher profit margins than the oil companies. Two examples are Microsoft and LG. Should they pay a windfall profit tax as well?The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
idrankwhat 0 #35 August 5, 2008 Quote Lets put this in perspective. Exxon's tax bill last year was 30 BILLION. With taxes like that they should get some relief in the form of subsidies. Source: http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion From a free market standpoint, why should they get a dime? From an energy policy and national security standpoint wouldn't it make more sense to divert those subsidies towards developing new alternatives? Also, lets not forget that in addition to a government that helps perpetuate a petroleum based lifestyle but the oil industry also has the world's largest military helping to insure that they have access to their products. Quote Share this post Link to post Share on other sites
billvon 2,998 #36 August 5, 2008 >I never said they should not be taxed. They should pay taxes like >all other corporations. But they should not be penalized for success. I agree. Use one tax structure for all corporations, and eliminate the billion-dollar tax breaks that the government periodically hands out to oil companies. Quote Share this post Link to post Share on other sites
idrankwhat 0 #37 August 5, 2008 Quote I never said they should not be taxed. They should pay taxes like all other corporations. But they should not be penalized for success. And people fail to realize that there is a difference between revenue and profit margin. There are numerous companies that have higher profit margins than the oil companies. Two examples are Microsoft and LG. Should they pay a windfall profit tax as well? No, Microsoft should be fined. Quote Share this post Link to post Share on other sites
AWL71 0 #38 August 5, 2008 Quote>So why do you support Obama when you know he will continue the >handouts, especially if he passes a universal health care program? Because he's not as bad as McCain. McCain would continue the handouts AND cut revenues dramatically, leading to an eventual economic collapse of the US government. I guess it all depends on how you look it. All Obama is going to do is tax the rich and give to the poor. He will raise taxes across the board and continue wasteful government spending. I am not voting for McCain. I am voting against Obama. I wish we had a canidate that would leave taxes where they are and decrease spending.The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
AWL71 0 #39 August 5, 2008 Quote>I never said they should not be taxed. They should pay taxes like >all other corporations. But they should not be penalized for success. I agree. Use one tax structure for all corporations, and eliminate the billion-dollar tax breaks that the government periodically hands out to oil companies. I would be fine with that. But our government is in bed with big oil so doubtful that will happen.The most terrifying words in the English language are: I'm from the government and I'm here to help. Quote Share this post Link to post Share on other sites
billvon 2,998 #40 August 5, 2008 >All Obama is going to do is tax the rich and give to the poor. And all McCain is going to do is increase wasteful spending while CUTTING revenues, and thus spend the government into bankruptcy. We recently saw what happens to the housing market when you take such an approach. >I wish we had a canidate that would leave taxes where they are and >decrease spending. No one (not even you) is willing to give up their pet programs - so that will never happen. Quote Share this post Link to post Share on other sites
livendive 8 #41 August 5, 2008 QuoteOh come on now, all we have to do is put a couple more pounds of air pressure in our car tires and then everything will be all right. According to this article, the math makes more sense than offshore drilling. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
kallend 2,027 #42 August 5, 2008 QuoteQuoteQuote I keep hearing about these massive subsidies to the petroleum industry. Start itemizing actual dollars and cents - what are these subsidies? These folks came up with $32.9 billion over 5 years. Lets put this in perspective. Exxon's tax bill last year was 30 BILLION. With taxes like that they should get some relief in the form of subsidies. No, they shouldn't. They should pay their share of taxes like the rest of us.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kallend 2,027 #43 August 5, 2008 QuoteQuote> I am voting against Obama. I wish we had a canidate that would leave taxes where they are and decrease spending. Based on recent history, GOP administrations increase spending more than Dems. For some reason a lot of people think Reagan cut spending, but the facts show that he didn't.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites Amazon 7 #44 August 5, 2008 Quote I don't like paying $4.00 for gas but this is a free market economy and success should not be punished. Not quite a free market when the oil companies already get massive amounts of tax breaks.. Lets not forget that Sen McCain is for even BIGGER amounts of tax breaks for the current Friends of the AdministrationI guess with their stunning success in your FREE MARKET.. they need even more help... http://www.americanprogressaction.org/issues/2008/pdf/oil_tax.pdf Quote Share this post Link to post Share on other sites Amazon 7 #45 August 5, 2008 Quote There are numerous companies that have higher profit margins than the oil companies. Two examples are Microsoft and LG. Should they pay a windfall profit tax as well? You dont think that there is a difference in the types of companies?Oil companies are based on a finite resource that is being exploited for 150 years or so and is running out. The companies you mentioned rely on the power of imagination and innovation. The products they sell are those that were brought to the world based on educated and innovative minds. Quote Share this post Link to post Share on other sites jcd11235 0 #46 August 5, 2008 QuoteAnd people fail to realize that there is a difference between revenue and profit margin. Profit margin in a meaningless number without knowing the production cycle.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites jcd11235 0 #47 August 5, 2008 QuoteI agree. Use one tax structure for all corporations, and eliminate the billion-dollar tax breaks that the government periodically hands out to oil companies. I would rather see corporate income taxes eliminated and see dividends paid and profits from stock sales taxed at a single rate, similar to a single corporate tax rate. For that matter, using a progressive tax rate structure similar to personal income taxes might help decrease income disparity by rewarding low and middle income investors with higher post tax profits. Either way, I think corporate tax loopholes could be drastically reduced or eliminated by passing the tax expenses directly to the individual shareholders.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites Prev 1 2 Next Page 2 of 2 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0
Amazon 7 #44 August 5, 2008 Quote I don't like paying $4.00 for gas but this is a free market economy and success should not be punished. Not quite a free market when the oil companies already get massive amounts of tax breaks.. Lets not forget that Sen McCain is for even BIGGER amounts of tax breaks for the current Friends of the AdministrationI guess with their stunning success in your FREE MARKET.. they need even more help... http://www.americanprogressaction.org/issues/2008/pdf/oil_tax.pdf Quote Share this post Link to post Share on other sites
Amazon 7 #45 August 5, 2008 Quote There are numerous companies that have higher profit margins than the oil companies. Two examples are Microsoft and LG. Should they pay a windfall profit tax as well? You dont think that there is a difference in the types of companies?Oil companies are based on a finite resource that is being exploited for 150 years or so and is running out. The companies you mentioned rely on the power of imagination and innovation. The products they sell are those that were brought to the world based on educated and innovative minds. Quote Share this post Link to post Share on other sites
jcd11235 0 #46 August 5, 2008 QuoteAnd people fail to realize that there is a difference between revenue and profit margin. Profit margin in a meaningless number without knowing the production cycle.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
jcd11235 0 #47 August 5, 2008 QuoteI agree. Use one tax structure for all corporations, and eliminate the billion-dollar tax breaks that the government periodically hands out to oil companies. I would rather see corporate income taxes eliminated and see dividends paid and profits from stock sales taxed at a single rate, similar to a single corporate tax rate. For that matter, using a progressive tax rate structure similar to personal income taxes might help decrease income disparity by rewarding low and middle income investors with higher post tax profits. Either way, I think corporate tax loopholes could be drastically reduced or eliminated by passing the tax expenses directly to the individual shareholders.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
