On 8/17/2012 12:44 PM, Scott Lurndal wrote:
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),

Hey, a dimwit at large.

when added to the minimal taxes paid by the oil companies,

Also paid by the consumer unless the oil company also has a printing
press in the basement printing out the cash for taxes.

exceeds oil company profits. That's adding
apples and oranges and comparing them to bananas.

In the words of KRW, Idiot.

It surely doesn't support your assertions. Fact is that the oil companies make
profits, very large ones.

8% profit is not so large, particularly when the governments make far
more than that on oil company earnings, and plenty of companies make FAR
greater profits, like MS, Apple and a ton of others (Not government
motors though)

Please refer to the relevent 10K and 10Q reports for the
actual facts, not some silly blog.

Ask Han what his return on investment is on his $11,000 worth of EOM
stock, not counting his pension fund?

--
Jack
You can't Tax your way into Prosperity!
http://jbstein.com