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People say "good for them" yet bitch about their taxes being so high. Well if billion dollar corporations don't pay taxes, who do you think is going to have to foot the bill? You think those companies spent their tax break dollars hiring more people and paying their employees well? probably not, just pocket it
Exxon's net profit was close to 7% last year - and nearly 10% in 2008 (which was an oil asset bubble year).
Return on Assets is 7.5%, not bad considering the intensive capital investment requirement - and certainly not exorbitant.
As to what rate they pay for leases, a better question is: why does the Federal Government own so much land? It would be better used and maintained in private hands.
so you support coorporate welfare for mega corporations?
Diversion attempt ignored.
How do you know that?
Charges for income taxes on an income statement filed to the SEC is not necessarily representative of what they actually paid.
You might be right, I don't know, but what a publicly-traded company pays in actual cash taxes is very different from the taxes charged on the income statement.
People say "good for them" yet bitch about their taxes being so high. Well if billion dollar corporations don't pay taxes, who do you think is going to have to foot the bill? You think those companies spent their tax break dollars hiring more people and paying their employees well? probably not, just pocket it
if you dont have taxes so high they will be paying their fair share because it will be more effort to go elsewhere.
Why is this concept so difficult for you to understand. If you overtax people, the people with means will leave and those without will suffer.
But no, of course you don't understand it. You have to "stick it" to those rich people. Because by making them move elsewhere and placing more burden on the poor we are supposed to feel better about it.
Then you are a damn FOOL!!
Corporation DO NOT care about you or anything or anyone else...they are NOT people...they only care about its own GROWTH...ALL ELSE BE DAMNED.
Do. You. Understand. What. That. Means?
Why don't you stop spouting your NUT-WING BS and get a clue for once in your life man.
Sheeesh!!
corporations own our government.
That much is clear.
So corporations already own the land?
God Bless The Corporations!
Isn't that right Neo-Cons?
corporations own our government.
That much is clear.
So corporations already own the land?
So corporations own Obama? They own the Democrat controlled Congress?
I suppose it was their idea to pass health care reform then going with that logic. After all, they own the government.
I guess that makes you and your other leftist friends on this board corporate shills.
God Bless The Corporations!
Isn't that right Neo-Cons?
I'd rather have Greedy Corporations than Greedy Government.
Then you are a damn FOOL!!
Corporation DO NOT care about you or anything or anyone else...they are NOT people...they only care about its own GROWTH...ALL ELSE BE DAMNED.
Do. You. Understand. What. That. Means?
Why don't you stop spouting your NUT-WING BS and get a clue for once in your life man.
Sheeesh!!
I am not the one defending corporations here....
No Nancy, I mean Clancy...you yourself just stated "And you think the Government is any better?" indicating that you KNOW that Corporations are nothing but SCUM.
I, however, believe and KNOW that the Government IS better.
WHO is the government other than you and me and your fellow American citizens...not a bunch of old farts in a corporate dungeon somewhere thinking up new ways to bilk the good folks from their money.
What has the Big Corp done for you lately? What has Big Miner done for you lately?
God Bless The Corporations!
Isn't that right Neo-Cons?
I'd rather have Greedy Corporations than Greedy Government.
Ahh ! but now we have the worst of both worlds a greedy government ran by greedy coprorations.
Lots of conservatives defending the powerful corporations.
"Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power."
Benito Mussolini
People say "good for them" yet bitch about their taxes being so high. Well if billion dollar corporations don't pay taxes, who do you think is going to have to foot the bill? You think those companies spent their tax break dollars hiring more people and paying their employees well? probably not, just pocket it
if you dont have taxes so high they will be paying their fair share because it will be more effort to go elsewhere.
Why is this concept so difficult for you to understand. If you overtax people, the people with means will leave and those without will suffer.
But no, of course you don't understand it. You have to "stick it" to those rich people. Because by making them move elsewhere and placing more burden on the poor we are supposed to feel better about it.
Umm seems like thay have already gone elsewhere.
They will not quit selling product to the USA. We are their consumers.
Well I am not, I have been boycotting Exxon for years. I will have them on their knees soon
Well I will not, but WE could.
Consumers collectively have tremendous power if they were only smart enough to use it.
I also do no business with any company that has N.A. on the end of their name.
Those evil corporations!!! How dare they make a profit and employ people!! That's the governments job. How dare they utilize every possible way to reduce their taxes!! I am outraged!!!!....
