The T
George S. Patton Party
OK. I'll buy that...but still? it's thier own money, and the actvity does encourage growth and jobs. Just not Jobs Obama wants.
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Another Liberal myth: Oil compainies get subsidies/tax breaks
- Thread starter JRK
- Start date
OK. I'll buy that...but still? it's thier own money, and the actvity does encourage growth and jobs. Just not Jobs Obama wants.
- Thread starter
- #142
For you libs that are providing links in which a Dem senator used the term subsidy, all your doing is making the intent of this thread more confirmed
GM got a subsidy. Find a link in which an oil company got (still getting as they still owe us billions)
the same thing GM got and then you will have proven that 1 oil company has gotten subsidies from the tax payers
One more thing, and again.
As the exec stated in the one link, they do not require any tax modification. They will do the same thing there doing now and pass that cost on to us the consumer
Can you Libs explain to us why you would want that
GM got a subsidy. Find a link in which an oil company got (still getting as they still owe us billions)
the same thing GM got and then you will have proven that 1 oil company has gotten subsidies from the tax payers
One more thing, and again.
As the exec stated in the one link, they do not require any tax modification. They will do the same thing there doing now and pass that cost on to us the consumer
Can you Libs explain to us why you would want that
Senate Rejects Obama Call To Strip Oil Company Tax Breaks - ABC ...
4 days ago ... A last minute entreaty by President Obama wasn't enough to convince senators
to strip the oil and gas industry of billions in tax incentives.
abcnews.go.com/.../senate-rejects-obama-call-to-strip-oil-company-tax-breaks/ - SimilarSenate vote preserves oil company tax breaks | NewsOK.com
3 days ago ... WASHINGTON — The U.S. Senate voted Thursday to preserve $24 billion in tax
breaks for the nation's largest oil and gas companies, despite ...
newsok.com/senate-vote...oil-company-tax-breaks/article/3661884 - Cached - SimilarPresident Obama on Oil Company Tax Breaks - CNBC
4 days ago ... President Obama says the American oil industry is doing well. Obama continues,
"we can't just drill our way out of the problem."
video.cnbc.com/gallery/?video=3000081235 - Cached - SimilarNevada Sen. Heller knocks oil company tax breaks - Business ...
5 days ago ... LAS VEGAS — U.S. Sen. Dean Heller urged Congress to close some oil
company tax loopholes Tuesday in a policy shift that comes after a ...
www.msnbc.msn.com/.../nevada-sen-heller-knocks-oil-company-tax-breaks/ - Cached - SimilarRepublicans Block Repeal of Oil-Company Tax Breaks Obama ...
4 days ago ... Senate Republicans blocked a Democratic bill to repeal about $24 billion in U.S.
tax breaks for the nation's biggest oil companies, three days ...
www.businessweek.com/.../senate-fails-to-advance-bill-repealing-oil-tax-breaks - Cached - SimilarSenate blocks proposed end to oil company tax breaks - Los ...
4 days ago ... Washington — An attempt to roll back oil company tax breaks was blocked in the
Senate, despite a Rose Garden push by President Obama, ...
articles.latimes.com/.../la-pn-senate-blocks-proposed-end-to-oil-company-tax-breaks-20120329 - Cached - SimilarSenate blocks proposed end to oil company tax breaks - latimes.com
4 days ago ... An attempt to rollback oil company tax breaks was blocked in the Senate, despite
a Rose Garden push by President Obama who said the big ...
www.latimes.com/.../la-pn-senate-bl...l-company-tax-breaks-20120329,0,4471798.story - Cached - SimilarObama wants tax breaks for oil companies stopped - Boston.com
4 days ago ... President Barack Obama is renewing his call for Congress to end tax breaks to
oil companies.
www.boston.com/.../obama_wants_tax_breaks_for_oil_companies_stopped/?... - SimilarSenate keeps oil company tax breaks - UPI.com
4 days ago ... The U.S. Senate ignored a last-minute push Thursday from President Obama and
voted down a plan to repeal tax breaks for large oil ...
Latest news, Latest News Headlines, news articles, news video, news photos - UPI.com - Cached - SimilarNevada Sen. Heller knocks oil company tax breaks - Yahoo! News
5 days ago ... From Yahoo! News: U.S. Sen. Dean Heller urged Congress to close some oil
company tax loopholes Tuesday in a policy shift that comes after ...
news.yahoo.com/nevada-sen-heller-knocks-oil-234808795.html - Cached - Similar
Just amazing that so much has been written about tax breaks for the oil companies, but jrk knows different. Stupid thread. Try a Google next time.
4 days ago ... A last minute entreaty by President Obama wasn't enough to convince senators
to strip the oil and gas industry of billions in tax incentives.
abcnews.go.com/.../senate-rejects-obama-call-to-strip-oil-company-tax-breaks/ - SimilarSenate vote preserves oil company tax breaks | NewsOK.com
3 days ago ... WASHINGTON — The U.S. Senate voted Thursday to preserve $24 billion in tax
breaks for the nation's largest oil and gas companies, despite ...
newsok.com/senate-vote...oil-company-tax-breaks/article/3661884 - Cached - SimilarPresident Obama on Oil Company Tax Breaks - CNBC
4 days ago ... President Obama says the American oil industry is doing well. Obama continues,
"we can't just drill our way out of the problem."
video.cnbc.com/gallery/?video=3000081235 - Cached - SimilarNevada Sen. Heller knocks oil company tax breaks - Business ...
5 days ago ... LAS VEGAS — U.S. Sen. Dean Heller urged Congress to close some oil
company tax loopholes Tuesday in a policy shift that comes after a ...
www.msnbc.msn.com/.../nevada-sen-heller-knocks-oil-company-tax-breaks/ - Cached - SimilarRepublicans Block Repeal of Oil-Company Tax Breaks Obama ...
4 days ago ... Senate Republicans blocked a Democratic bill to repeal about $24 billion in U.S.
tax breaks for the nation's biggest oil companies, three days ...
www.businessweek.com/.../senate-fails-to-advance-bill-repealing-oil-tax-breaks - Cached - SimilarSenate blocks proposed end to oil company tax breaks - Los ...
4 days ago ... Washington — An attempt to roll back oil company tax breaks was blocked in the
Senate, despite a Rose Garden push by President Obama, ...
articles.latimes.com/.../la-pn-senate-blocks-proposed-end-to-oil-company-tax-breaks-20120329 - Cached - SimilarSenate blocks proposed end to oil company tax breaks - latimes.com
4 days ago ... An attempt to rollback oil company tax breaks was blocked in the Senate, despite
a Rose Garden push by President Obama who said the big ...
www.latimes.com/.../la-pn-senate-bl...l-company-tax-breaks-20120329,0,4471798.story - Cached - SimilarObama wants tax breaks for oil companies stopped - Boston.com
4 days ago ... President Barack Obama is renewing his call for Congress to end tax breaks to
oil companies.
www.boston.com/.../obama_wants_tax_breaks_for_oil_companies_stopped/?... - SimilarSenate keeps oil company tax breaks - UPI.com
4 days ago ... The U.S. Senate ignored a last-minute push Thursday from President Obama and
voted down a plan to repeal tax breaks for large oil ...
Latest news, Latest News Headlines, news articles, news video, news photos - UPI.com - Cached - SimilarNevada Sen. Heller knocks oil company tax breaks - Yahoo! News
5 days ago ... From Yahoo! News: U.S. Sen. Dean Heller urged Congress to close some oil
company tax loopholes Tuesday in a policy shift that comes after ...
news.yahoo.com/nevada-sen-heller-knocks-oil-234808795.html - Cached - Similar
Just amazing that so much has been written about tax breaks for the oil companies, but jrk knows different. Stupid thread. Try a Google next time.
Interesting in how some people are confused by what the left calls "tax breaks" and "subsidies". The accounting rules that address these so called "tax breaks" are accounting, GAAP and FSB, procedures approved by congress and adopted by the IRS in the treatment of income and expense where by the risk component becomes tolerable, otherwise, only a fool would explore and develop undocumented unproven reserves. A subsidy, as in government guarantee and or compensation, none what so ever exists, unless market rate leases are misrepresented. Those on the left need someone to blame and target, they have already systematically destroyed manufacturing with the highest corporate tax base in the world and need a new huckleberry to blame, so target oil and gas. Would oil prices be as high today without the demand placed on the market by emerging markets? No, but for the horses ass in Washington and his intellectual dilettante's it make headlines, you can single out someone else to blame and escape scrutiny of your failed policies. Next on the list for these nut cases, subject US corporations, that have been forced to move manufacturing off shore to remain competitive in the world market place, to pay a new world tax on post foreign tax paid income earned offshore. Talk about shooting ones self in the foot at every opportunity. I guess it's true the biggest threat to freedom, prosperity, and pursuit of happiness is ignorance!
Whatever. But seeing as how I am not so cool as you with a photo of a kid flipping someone off (how classy) I find I must resort to the old fashioned way of saying **** you on the 'Net. **** you.
Did I offend your butt buddy? Is that why you responded to something not said to you? I don't care you have a butt buddy. Or responded. Just wondering why you opened your "mouth". Cause nothing ever comes out of your mouth that makes any sense. Why do you bother?
g5000
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It is very simple. When you eliminate carve-outs, you can LOWER the tax rate for EVERYONE and still receive the SAME AMOUNT of revenues.
This LEVELS the playing field for ALL. And it greatly SIMPLIFIES the tax code. And it makes the marketplace more COMPETITIVE.
All very CONSERVATIVE values.
I can't dumb it down any more than that.
Perhaps if I misspelled some words?
This LEVELS the playing field for ALL. And it greatly SIMPLIFIES the tax code. And it makes the marketplace more COMPETITIVE.
All very CONSERVATIVE values.
I can't dumb it down any more than that.
Perhaps if I misspelled some words?
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- Thread starter
- #148
whats amazing is that you being a english expert, do not have the common sense god give a goat
If 100 people claim your being a dick, does that make it true?
How is paying taxes a break?
can you explain that to me
they have a tax rate they pay
Its no different than you given a lower rate for each dependant you have
Now explain to me how thats a "break"
You want to call a given tax rate a break, thats your business.
Using it in the context it is being used is not only dis-honest, it speaks volumes of the people using it and there real intent
PAYING TAXES ON WELATH IS NOT A BREAK, IT IS AN OBLIGATION
PERIOD
GM GOT SUBSIDIES, YOU FIND 1 OIL COMPANY THAT HAS RECIEVED WHAT GM HAS GOTTEN AND CONTINUES TO GET, YOU HAVE A SUBSIDY
Stop being a dick also. If you cannot discuss matters without being a dick, go away
bripat9643
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The problem with your "explanation" is that such legislation would be blatantly unconstitutional. The government cannot tax one person at 10% and another at 50% based solely on their identity as a person. That's called a "Bill of Atainder," and it's expressly prohibited in the Constitution. The same goes for corporations.
Bill of Atainder:
Definition: A legislative act that singles out an individual or group for punishment without a trial.
What Congress can do is define this or that expenditure as a business expense. In general, almost every dollar a business spends is a legitimate expense. There are esceptions, like the three martini lunch.
All this talk about oil company "tax breaks" is pure moonshine.
- Thread starter
- #151
Thats funny
g5000
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You are absolutely clueless. A tax break is not "punishment".
It is a fact the tax code is chock full of tax breaks for corporations. Even REPUBLICANS admit this, and that this needs to be reformed. It is one of the few things Democrats and Republicans agree on.
- Thread starter
- #153
All you have done is confirmed the intent of this thread
for that I thank you
Paying taxes is an obligation, a mandate, and at no times should that be confused with a break
GM recieved and continues to recieve a subsidy from us, the tax payer I know of 0 oil companies which have recieved the same, do you
g5000
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g5000
Diamond Member
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bripat9643
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if one group of people is paying a lower tax, then the rest of the people are paying a higher tax. That is, government is using the tax code to punish that later group. The SC has ruled that such legislation violates the "Bill of Atainder clause," so you look pretty fooling telling me I'm "clueless."
So long as corporations are going to be taxed based on their income, the government will have to define what constitutes "income." That means the tax code will be complicated.
- Thread starter
- #157
This is also very confusing to me. Why would any-one want to raise the rate of tax on any corporation which its sole intent is to profit from you and I?
Rasing corporate rates will only harm the consumer. Devising a corporate tax rate that collects suffeciant wealth while at the ame time promotes lower expenses for the consumer is a complicated one
Texas does real well with a sales tax as Florida does.
Simple with no room for our president to claim the things he is at this time.
BHO is trying to shore up his base, that vote in the senate never happens of he thought it would pass
gas is 4.00 a gallon now, you raise the rate Exxon pays it would effect the stock market, fuel prices, or both
He knows that
g5000
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You will have to show me such a Supreme Court case. Tax breaks have nothing to do with bills of attainder. A bill of attainder would be a tax levied against a specific person or company, not a tax break.
Seeing as the reality is the tax code is chock full of tax breaks for some companies, you could not possibly be more wrong. And you have been provided a link to such tax breaks at least twice now.
It does not have to be complicated at all. Paul Ryan's consumption tax being one example.
All this crap about tax breaks for "business expenses" can be eliminated with such a consumption tax.
Defining these "business expenses" is exactly where the abuse starts.
Only a clown would believe an oil company would not drill for more oil if they did not get a tax break for it. Taxes have nothing to do with why they drill. It is all about supply and demand. Giving tax "incentives" in a completely synthetic pretense of influencing the market is bogus and corrupt.
g5000
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Anyway, the OP has been discredited. The evidence has been provided that oil companies do indeed get tax breaks. It is right there in the legislation provided twice in this topic.
I remind you that the topic title is Another Liberal myth: Oil compainies get subsidies/tax breaks
The evidence is irrefutable they do get tax breaks.
I remind you that the topic title is Another Liberal myth: Oil compainies get subsidies/tax breaks
The evidence is irrefutable they do get tax breaks.
- Thread starter
- #160
Young man I think we agree. Florida uses a sales tax, which in a manner of speaking is a consumption tax
Not sure where the clown comment came from, hopefully it was directed to someone else
Taxes is an expense, I have worked on the bean counting end at a very large industrial construction firm
Growth
Back-log
Taxes
There all part of doing business. The extraction of natural gas is slowing way down as natural gas is at a 10 year low. Tax burden has little to d with that
Companies that drill for oil do it to keep the market in supply
same with the refinement of it. tax burden is just a part of doing business and if that burden is more than it was the previous year, then provisions will be made to make for that expense
Libs do not grasp that taxes is just another expense
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