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Re: SCOTUS LIVEBLOG - Obamacare Mandate Survives [W:125]
When It Comes To Paying Taxes, Big Oil Takes The Biggest Hit - Forbes
Oil companies pay TONS. I do think Ag is getting too much in subsidies and I live in downstate Illinois.
Do you think the teetering economy can afford another fiscal cliff at this point and time? Because I do not. As far as working out care, government could be working to get prices lower, this law certainly isnt going to do it. Everyone's care will wind up either taxed or subsidized and thats not a good way to drive down costs.
You don't complaint about giving money to corporate farms or oil companies in the form of tax credits... why do you far-rigties bitch so much about giving a few of pennies your taxes to help provide a standard of living for poor families?
Seems all backwards if you ask me.
It's really f--ked up morals, IMO. Give to the rich and successful and let the poor die.
When It Comes To Paying Taxes, Big Oil Takes The Biggest Hit - Forbes
ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion. And not only were these the highest amounts in absolute terms, when compared with the rest of the 25 most profitable U.S. companies (see our slideshow for the full rundown of who paid what), the trio also had the highest effective tax rates. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations.
Oil companies pay TONS. I do think Ag is getting too much in subsidies and I live in downstate Illinois.
Do you think the teetering economy can afford another fiscal cliff at this point and time? Because I do not. As far as working out care, government could be working to get prices lower, this law certainly isnt going to do it. Everyone's care will wind up either taxed or subsidized and thats not a good way to drive down costs.