Another Liberal myth: Oil compainies get subsidies/tax breaks

[NYcarbineer]

Where did they acknowledge the existence of subsidies/tax breaks?

They are off in the land of People-Who-Can-Read.

Then you should be able to quote it.

How many times would I have to re-state the obvious before you would acknowledge its existence?

Give me a ballpark figure.

 

[JRK]

The bill, S.2204, titled the Repeal Big Oil Tax Subsidies Act, targeted five subsidies for major integrated oil companies (companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels) that would either be limited or eliminated. The tax benefits targeted for repeal included: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses

Subsidies For Oil Companies

Right wingers shouldn't post threads that are so easy to debunk. It makes them look, well, you know.

Your making my point better than I can.
The intent of the post is to show the level of deception the term "break" and "subsidy" being used the way it is, is

Paying taxes on wealth is an obligation, that is part of the deal

Paying taxes at a lower ratebecause of the tax code, only means your losing less wealth to those who collect those taxes

Do you see the use of a dependant as a break?

 

[Luddly Neddite]

The bill, S.2204, titled the Repeal Big Oil Tax Subsidies Act, targeted five subsidies for major integrated oil companies (companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels) that would either be limited or eliminated. The tax benefits targeted for repeal included: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses

Subsidies For Oil Companies

Right wingers shouldn't post threads that are so easy to debunk. It makes them look, well, you know.

It makes them look like right wingers.

"simple"

 

[JRK]

The bill, S.2204, titled the Repeal Big Oil Tax Subsidies Act, targeted five subsidies for major integrated oil companies (companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels) that would either be limited or eliminated. The tax benefits targeted for repeal included: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses

Subsidies For Oil Companies

Right wingers shouldn't post threads that are so easy to debunk. It makes them look, well, you know.

It makes them look like right wingers.

"simple"

Still waiting for this to be de bunked
Subsidy | Define Subsidy at Dictionary.com
there is the definition for subsidy, I cannot help that some politician convinced you that what he or she wrote there-in is the same as the true definition is

GM, Yes
Exxon, No

 

[rdean]

The bill, S.2204, titled the Repeal Big Oil Tax Subsidies Act, targeted five subsidies for major integrated oil companies (companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels) that would either be limited or eliminated. The tax benefits targeted for repeal included: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses

Subsidies For Oil Companies

Right wingers shouldn't post threads that are so easy to debunk. It makes them look, well, you know.

It makes them look like right wingers.

"simple"

Still waiting for this to be de bunked
Subsidy | Define Subsidy at Dictionary.com
there is the definition for subsidy, I cannot help that some politician convinced you that what he or she wrote there-in is the same as the true definition is

GM, Yes
Exxon, No

https://www.google.com/#hl=en&sugex....,cf.osb&fp=e30da0e6bf67920d&biw=1742&bih=917

58.000 results. Take your pick.

You can lead a horse to water......

 

[JRK]

It makes them look like right wingers.

"simple"

Still waiting for this to be de bunked
Subsidy | Define Subsidy at Dictionary.com
there is the definition for subsidy, I cannot help that some politician convinced you that what he or she wrote there-in is the same as the true definition is

GM, Yes
Exxon, No

https://www.google.com/#hl=en&sugex....,cf.osb&fp=e30da0e6bf67920d&biw=1742&bih=917

58.000 results. Take your pick.

You can lead a horse to water......

Dean none of your links show the federal govt doing anything that meets the definition of a subsidy
NONE
as far as the break part goes, I have concluded if you think giving part of your welath to some-one who has done nothing, or little to earn it is a break
good for you, I am happy for you
we can agree to dis agree

By definition
noun, plural -dies. 1. a direct pecuniary aid furnished by a government to a private industrial undertaking, a charity organization , or the like. 2. a sum paid ...
Subsidy | Define Subsidy at Dictionary.com
its the very reason the thread has been wrote
you liberals proclaim taking wealth from a corporation is a subsidy, thats nuts
One link that shows that one oil producution company has recieved a subsidy as it is defined, not as Obama and the news paper tells you it is
There is nothing direct about collecting wealth from a corporation, but the collection of said wealth

 

[bripat9643]

They are off in the land of People-Who-Can-Read.

Then you should be able to quote it.

How many times would I have to re-state the obvious before you would acknowledge its existence?

Give me a ballpark figure.

In other words, you can't quote it.

Thanks for playing, nimrod!

 

[JRK]

Then you should be able to quote it.

How many times would I have to re-state the obvious before you would acknowledge its existence?

Give me a ballpark figure.

In other words, you can't quote it.

Thanks for playing, nimrod!

The only obvious thing these Libs have shown me is how easy it is to brain-wash them. The people who run the govt call the obligation of paying taxes a break and for reasons I cannot explain they at times call it a subsidy, knowing that the tax payer as fae as I can find has never subsidized any oil production companies.

I did not understand for a long time how BHO could have an approval rating above the population that is radical left, now I see more and more as to why

Exxon also is in many, many 401ks, and I would bet in many liberals who at the same time claim that Exxon is getting subsidies

 

[nodoginnafight]

So you come in with the pathetic spelling whine.

It doesnt take much to reduce you to spelling bitch does it.

He asked. I didn't start it.

But you couldnt pass up the opportunity to play little bitch.

That was my point.

Apparently you couldn't either
Mr. Pot may I introduce you to Mr. Kettle

 

[nodoginnafight]

How many times would I have to re-state the obvious before you would acknowledge its existence?

Give me a ballpark figure.

In other words, you can't quote it.

Thanks for playing, nimrod!

The only obvious thing these Libs have shown me is how easy it is to brain-wash them. The people who run the govt call the obligation of paying taxes a break and for reasons I cannot explain they at times call it a subsidy, knowing that the tax payer as fae as I can find has never subsidized any oil production companies.

I did not understand for a long time how BHO could have an approval rating above the population that is radical left, now I see more and more as to why

Exxon also is in many, many 401ks, and I would bet in many liberals who at the same time claim that Exxon is getting subsidies

quit while you're behind.

 

[Soggy in NOLA]

They are off in the land of People-Who-Can-Read.

Then you should be able to quote it.

How many times would I have to re-state the obvious before you would acknowledge its existence?

Give me a ballpark figure.

Your premise is kooky.. thats like saying that if I get a 10% tax cut I am being subsidized.... it's my money to start with... they're just taking less.

We offer tax incentives for exploration for good reasons.. not the least of which is this economy runs on petroleum, not unicorn farts and pixy dust. Also, the success rate is about 1 in 5 in terms of actual oil producing wells.

At the end of the day, state and federal government rake in tens of billions in oil related taxes on refined products and whatnot.

 

[Decepticon]

Then I choose to subsidize solar to make THAT cheaper as I don't have to pay anyone for the SUN.

 

[dblack]

Do those of you who balk at calling tax incentives "subsidies" can at least acknowledge that they represent a special perk - preferential treatment of the people who jump through whatever hoops are required to qualify for the incentive? Can you understand why it would benefit all of us to get rid of these incentives, across the board?

 

[g5000]

A tax break for oil exploration is a tax break only oil companies can take advantage of, with the result that every other corporaton that is not an oil company must pay higher taxes to make up for the lower revenues from the oil corporation.

If you cannot understand this simple principle, then you are too retarded to be allowed near a keyboard.


When you remove ALL tax breaks, you can LOWER taxes for EVERYONE. You make the market more COMPETITIVE. And you BROADEN the tax base. And you SIMPLIFY the tax code.


Refrain from typing until you can comprehend these Conservative principles and speak intelligently.


I don't know who annoy me more, Liberals or UnConservatives.

 

[Soggy in NOLA]

Then I choose to subsidize solar to make THAT cheaper as I don't have to pay anyone for the SUN.

By all means, get your mother fucking check book out and send that entire balance of $15.23 to Solyndra... oh wait... never mind.

 

[dblack]

A tax break for oil exploration is a tax break only oil companies can take advantage of, with the result that every other corporaton that is not an oil company must pay higher taxes to make up for the lower revenues from the oil corporation.

If you cannot understand this simple principle, then you are too retarded to be allowed near a keyboard.


When you remove ALL tax breaks, you can LOWER taxes for EVERYONE. You make the market more COMPETITIVE. And you BROADEN the tax base. And you SIMPLIFY the tax code.


Refrain from typing until you can comprehend these Conservative principles and speak intelligently.


I don't know who annoy me more, Liberals or UnConservatives.

Exactly. And I guess what I find so ironic is that the people defending the oil company tax breaks are doing so because they think that Obama is unfairly targeting them for "punishment". And in that, they're right - that's exactly what's happening.

But If we eliminated this practice of using tax incentives are carrots, it would remove the 'stick' of taking them away. As it is, the state can always hold these special perks over the head of whoever is getting them - threatening to take them away if they don't do as they're told.

 

[BlindBoo]

The bill, S.2204, titled the Repeal Big Oil Tax Subsidies Act, targeted five subsidies for major integrated oil companies (companies with annual gross receipts over $1 billion and an average daily worldwide production of crude oil of at least 500,000 barrels) that would either be limited or eliminated. The tax benefits targeted for repeal included: (1) the foreign tax credit; (2) the tax deduction for income attributable to oil, natural gas, or primary products thereof; (3) the tax deduction for intangible drilling and development costs; (4) the percentage depletion allowance for oil and gas wells; and (5) the tax deduction for qualified tertiary injectant expenses

Subsidies For Oil Companies

Right wingers shouldn't post threads that are so easy to debunk. It makes them look, well, you know.

Your making my point better than I can.
The intent of the post is to show the level of deception the term "break" and "subsidy" being used the way it is, is

Paying taxes on wealth is an obligation, that is part of the deal

Paying taxes at a lower ratebecause of the tax code, only means your losing less wealth to those who collect those taxes

Do you see the use of a dependant as a break?

Very few families have the kind of wealth that gets taxed. It's the Inheritance tax. Other than that a persons accumulated wealth doesn't get taxed at all.

Yes, a deducation from your gross income is a break.

 

[CaughtInTheMid]

All big companies get 'tax breaks' to seed commerce...jobs.

which is not true capitalism. true capitalism would tax all companies at the same rate. giving a competitive advantage to one company over another is more like socialism.

 

[CaughtInTheMid]

what's really sad about false thread titles is that most people don't read all the threads. sometimes they just look at a thread title and start repeating it. not much different than the national enquirer's cover stories.

 

[JRK]

A tax break for oil exploration is a tax break only oil companies can take advantage of, with the result that every other corporaton that is not an oil company must pay higher taxes to make up for the lower revenues from the oil corporation.

If you cannot understand this simple principle, then you are too retarded to be allowed near a keyboard.


When you remove ALL tax breaks, you can LOWER taxes for EVERYONE. You make the market more COMPETITIVE. And you BROADEN the tax base. And you SIMPLIFY the tax code.


Refrain from typing until you can comprehend these Conservative principles and speak intelligently.


I don't know who annoy me more, Liberals or UnConservatives.

Exactly. And I guess what I find so ironic is that the people defending the oil company tax breaks are doing so because they think that Obama is unfairly targeting them for "punishment". And in that, they're right - that's exactly what's happening.

But If we eliminated this practice of using tax incentives are carrots, it would remove the 'stick' of taking them away. As it is, the state can always hold these special perks over the head of whoever is getting them - threatening to take them away if they don't do as they're told.

Who is defending the oil companies?
This Thread is about politicians using vebage that is not accurate for political gain, simply put there lying
Tax incentves is a fair term
Raising the tax burden the oil companies pay will only harm the consumer. Why is it the liberal cannot grasp that the consumer pays for it all?
I cannot grasp that no matter how hard I try