Tim Daneliuk writes:
On 08/17/2012 10:19 AM, Han wrote:
And no, the
oilcompanies get sufficient subsidy now - no need to give them more, au
contraire.

I think you have this wrong. The oil companies pay more in taxes than they
make in profit in a typical year. Here is just one analysis with
supporting citation:

You should actually _read_ your citations to make sure they support your
assertions before posting.


http://taxprof.typepad.com/taxprof_b...xes_excee.html

The citation here points out that taxes paid by consumers (e.g. taxes
paid at the pump or when refilling a farm tank), when added to the minimal taxes
paid by the oil companies, exceeds oil company profits. That's adding
apples and oranges and comparing them to bananas.

It surely doesn't support your assertions. Fact is that the oil companies make
profits, very large ones. Please refer to the relevent 10K and 10Q reports for the
actual facts, not some silly blog.

s