On 08/17/2012 11:33 AM, Han wrote:
Tim Daneliuk wrote in
:

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:

http://taxprof.typepad.com/taxprof_b...axes_excee.htm
l

It is the *government* that is subsidized by the oilcos not the other
way around....

I'm sure this takes into account the subsidies like oil depletion
allowance etc. Takes into account environmental costs, surely!

Full disclosu I own 130 shares of Exxon directly, probably more oil
company stock through mutual funds.



I too own a chunk of ExxonMobil and wish them many happy years of high
profits and low taxes.

The problem in the US is not the lack of taxation. It is the complete lack
of fiscal control among the height and breadth of government...

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Tim Daneliuk
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