Another Liberal myth: Oil compainies get subsidies/tax breaks

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="CaughtInTheMid" data-source="post: 5062228" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5062228" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5062228">CaughtInTheMid said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="The T" data-source="post: 5051893" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5051893" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5051893">The T said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> All big companies get &#039;tax breaks&#039; to seed commerce...jobs. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> 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. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> The thread was statrrted because I got tired of ALL politicians whi use the term &quot;break&quot; and &quot;subsidy&quot; when it came to the oil companies<br /> <br /> A tax rate, is simply that, a tax rate. No matter what the law allows at the end of the day those corporations have a rate of burden they must hand over to the US treasury thru the IRS<br /> None of these companies get a subsidy, none (see GM for example)<br /> The term &quot;break&quot; is ok I guess, but when I do my taxes and use a dependant to lower my &quot;burden&quot; or &quot;rate&quot; at no time during that 10,000 expense do I feel like I am getting a break<br /> <br /> One thing this thread has shown me, It scares me the number of people who do not understand a higher tax burden on Exxon will be a clean pass thru to us</div>

 

[dblack]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5062296" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5062296" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5062296">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Who is defending the oil companies?<br /> This Thread is about politicians using vebage that is not accurate for political gain, simply put there lying<br /> Tax incentves is a fair term<br /> 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?<br /> I cannot grasp that no matter how hard I try </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> But how do you respond to those of us who want to get rid of all tax incentives? Do you recognize them for the arm-twisting tool that they are? They&#039;re functionally no different than mandates with threats of fines. Same difference.</div>

 

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="dblack" data-source="post: 5062362" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5062362" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5062362">dblack said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="JRK" data-source="post: 5062296" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5062296" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5062296">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Who is defending the oil companies?<br /> This Thread is about politicians using vebage that is not accurate for political gain, simply put there lying<br /> Tax incentves is a fair term<br /> 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?<br /> I cannot grasp that no matter how hard I try </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> But how do you respond to those of us who want to get rid of all tax incentives? Do you recognize them for the arm-twisting tool that they are? They&#039;re functionally no different than mandates with threats of fines. Same difference. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Obama knew there was no way the burden on taxes the oil companies pay was going up. It is halarious to me that the libs screamed that the vote on BHO half done bill was a ploitical ploy and with these vote we hadon raising the burden oil companies pay as the &quot;King&quot;&quot; is trying to protect the little man<br /> <br /> He knew there was no way that BS was going to pass<br /> <br /> If it was up to me, we would be paying on a tax system like texas and florida has <br /> call it what you want, but a simple sales tax<br /> <br /> But then BHO could not use the term &quot;subsidy&quot; when talking about oil companies</div>

 

[bripat9643]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Soggy in NOLA" data-source="post: 5061800" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5061800" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5061800">Soggy in NOLA said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="NYcarbineer" data-source="post: 5058892" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5058892" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5058892">NYcarbineer said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5057957" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5057957" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5057957">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Then you should be able to quote it. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> How many times would I have to <i>re</i>-state the obvious before you would acknowledge its existence?<br /> <br /> Give me a ballpark figure. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Your premise is kooky.. thats like saying that if I get a 10% tax cut I am being subsidized.... it&#039;s my money to start with... they&#039;re just taking less.<br /> <br /> 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.<br /> <br /> At the end of the day, state and federal government rake in tens of billions in oil related taxes on refined products and whatnot. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> <br /> What &quot;tax incentives&quot; for exploration? The cost of looking for oil is a legitimate business expense. It has always been deductible.</div>

 

[bripat9643]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="g5000" data-source="post: 5058481" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5058481" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5058481">g5000 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> This is willful blindness. Pages 16 through 24 describe exactly in the tax code where oil companies have tax breaks and what they are.<br /> <br /> Read it. You are making a fool of yourself. They are right there in black and white.<br /> <br /> Christ. Talk about leading a horse to water! </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> <br /> &quot;Tax breaks&quot; my ass. Those are legitimate business expenses. You would call allowing a truck driver to deduct the cost of Diesel fuel a &quot;tax break.&quot; That is, you would if trucking was the industry that Democrats were choosing to demonize at the moment.</div>

 

[bripat9643]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="BlindBoo" data-source="post: 5056714" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5056714" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5056714">BlindBoo said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Another misrepresentation of the facts.<br /> <br /> The Congressional Research Service states the fledgling oil industry in the United States first received government assistance in 1916. That was when intangible drilling costs were able to be fully deducted from a company&#039;s expenses for tax purposes. In 1926, a write-off for cost depletion was introduced. That provision allowed oil companies to deduct costs based upon overall gross receipts and not just the actual value of the oil. <br /> <br /> <br /> Both of those subsidies still exist.<br /> <br /> <a href="http://news.yahoo.com/history-u-oil-subsidies-back-nearly-century-215500548.html" target="_blank" class="link link--external" rel="nofollow ugc noopener">History of U.S. Oil Subsidies Go Back Nearly a Century - Yahoo! News</a> </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> What company is not allowed to deduct base on gross receipts? That appears to be nothing more than sound accounting. All that&#039;s going on here is an organized campaign to make normal business practices sound like something sinister.</div>

 

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5064502" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5064502" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5064502">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="g5000" data-source="post: 5058481" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5058481" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5058481">g5000 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> This is willful blindness. Pages 16 through 24 describe exactly in the tax code where oil companies have tax breaks and what they are.<br /> <br /> Read it. You are making a fool of yourself. They are right there in black and white.<br /> <br /> Christ. Talk about leading a horse to water! </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> <br /> &quot;Tax breaks&quot; my ass. Those are legitimate business expenses. You would call allowing a truck driver to deduct the cost of Diesel fuel a &quot;tax break.&quot; That is, you would if trucking was the industry that Democrats were choosing to demonize at the moment. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Not sure who g 5000 is but he has no idea how all of this really works. The intent of the thread was to try and educate people just like him<br /> <br /> Taxes are a burden and at no time are they a break. Legitimate business expenses being called a break is flat out dis-honest and the evry thinf that motivated me to right this thread<br /> <br /> Political figures as well as the media using those phrase have brain washed so many, I think g5000 has got a double dose<br /> <br /> The issue the libs are having with the oil companies are the write offs they are getting for exploration<br /> Oil execs have stated they do not need them, g5000 supplied that for us. As I recall the document called them a subsidy, what a joke<br /> Amy-way Exxon does not care if gas is 4.00 a gallon or 6. <br /> cut out those items they use for reducing there tax burden, they will raise the cost of there product to cover it<br /> 8% profit is all there looking for, record profits come from record revenues</div>

 

[8537]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5052504" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052504" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052504">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="8537" data-source="post: 5052248" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052248" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052248">8537 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The government gives them tax breaks and subsidizes their production.<br /> <br /> You are a blatant liar. Or stupid. The two are not mutually exclusive. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Deducting legitimate business expenses is not a &quot;tax break,&quot; and it certainly isn&#039;t a &quot;subsidy.&quot;<br /> <br /> Face it: you&#039;re a sleazy lying dumbass. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Exxon gets direct subsidies. Fucking sleazy dumbass.</div>

 

[8537]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5052511" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052511" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052511">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Exxon does not really care, its the consumer who pays whether its in <br /> pay<br /> stocks<br /> price at the pump </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Oh, so if the federal government gave Exxon, say, 300B - Exxon wouldn&#039;t care because it would all (100%!) be lost in benefit to the customer instead of the firm?</div>

 

[dblack]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="8537" data-source="post: 5066571" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5066571" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5066571">8537 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="JRK" data-source="post: 5052511" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052511" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052511">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Exxon does not really care, its the consumer who pays whether its in <br /> pay<br /> stocks<br /> price at the pump </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Oh, so if the federal government gave Exxon, say, 300B - Exxon wouldn&#039;t care because it would all (100%!) be lost in benefit to the customer instead of the firm? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Exactly! It&#039;s the same concept that forcing everyone to buy insurance will lower premiums - because the corporations will dutifully transfer their savings to customers. Duh!<br /> <br /> In my view, tax policy should be based on raising revenue, not on manipulating the market. And, most importantly, it should - as much as possible - be the same for everyone. Creating ad-hoc rules for specific industries to encourage (or discourage) this or that activity isn&#039;t the business of government.<br /> <br /> The issue of whether the tax policies in question (re: the oil &quot;carve-outs&quot;) represent targeted tax incentives - or are just deductions for legitimate business expenses, is the debate we should be having. But making that judgement based on how it will affect gas prices, or worrying about who will be impacted by any potential changes to the policy, isn&#039;t a legitimate concern. It&#039;s quite ill-legitimate and isn&#039;t the way government should operate.</div>

 

[bripat9643]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="8537" data-source="post: 5066567" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5066567" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5066567">8537 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5052504" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052504" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052504">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="8537" data-source="post: 5052248" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052248" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052248">8537 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The government gives them tax breaks and subsidizes their production.<br /> <br /> You are a blatant liar. Or stupid. The two are not mutually exclusive. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Deducting legitimate business expenses is not a &quot;tax break,&quot; and it certainly isn&#039;t a &quot;subsidy.&quot;<br /> <br /> Face it: you&#039;re a sleazy lying dumbass. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Exxon gets direct subsidies. Fucking sleazy dumbass. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Name one, dumbass.</div>

 

[bripat9643]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="8537" data-source="post: 5066571" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5066571" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5066571">8537 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="JRK" data-source="post: 5052511" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052511" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052511">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Exxon does not really care, its the consumer who pays whether its in <br /> pay<br /> stocks<br /> price at the pump </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Oh, so if the federal government gave Exxon, say, 300B - Exxon wouldn&#039;t care because it would all (100%!) be lost in benefit to the customer instead of the firm? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Your idiotic conclusion doesn&#039;t follow from the premise.</div>

 

[tobiusnc]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5053694" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5053694" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5053694">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5052519" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052519" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052519">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="NYcarbineer" data-source="post: 5052352" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052352" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052352">NYcarbineer said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Your thread title says that it&#039;s a myth that the oil companies get TAX BREAKS.<br /> <br /> Do you need someone to define a TAX BREAK for you? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Please define it for us. I&#039;m sure the results will be hilarious. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I have NY on ignore, you know why<br /> let me define a tax break for NY<br /> there is no such a thing<br /> <br /> Taking less wealth from one than the federal govt took the year before is not a break.<br /> What the lib cannot grasp is the wealth is yours and mine to start with. That wealth being taken away is part of the deal, but by no means does it mean any-one is getting a break<br /> <br /> Work for it<br /> invest for it<br /> give our time for it<br /> <br /> And then when its all said and done, you give a protion of that effort, GIVE to the federal govt, which had done nothing to help you get it<br /> <br /> And somehow thats a break? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> <br /> This whole discussion has had a lot of useless banter, but I think a statement that we GIVE the federal government part of the wealth we have gathered that they did nothing to help you get, I think it&#039;s a completely ludicrous statement. What about infrastructure? Interstates, electricity, communications, seaports, railroads, EDUCATION. Are you trying to tell me these things did not contribute to your ability to generate income and wealth. So would someone like to say exactly what amount you should pay in taxes to the federal government? Zero? What about state, city, etc. There seems to be this mantra from the right that all taxes are bad. If there is going to be a federal government, which I think most everyone would agreee that it has value for stability, then there has to be taxes to support it. So how much?? <br /> <br /> As a side note, I hate the way the discussion about these difficult and nuanced issues gets reduced to headlines and soundbites, to the point of absurdity. It happens from both sides, and it makes me sick the way this stuff is simplified to the point that nothing can really get done to solve the problem. Will you people try to see both sides of an issue for once, and approach EVERYTHING you hear with a bit of scepticism. Try to act like intelligent adults please.</div>

 

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="tobiusnc" data-source="post: 5068900" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5068900" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5068900">tobiusnc said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="JRK" data-source="post: 5053694" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5053694" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5053694">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="bripat9643" data-source="post: 5052519" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5052519" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5052519">bripat9643 said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Please define it for us. I&#039;m sure the results will be hilarious. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I have NY on ignore, you know why<br /> let me define a tax break for NY<br /> there is no such a thing<br /> <br /> Taking less wealth from one than the federal govt took the year before is not a break.<br /> What the lib cannot grasp is the wealth is yours and mine to start with. That wealth being taken away is part of the deal, but by no means does it mean any-one is getting a break<br /> <br /> Work for it<br /> invest for it<br /> give our time for it<br /> <br /> And then when its all said and done, you give a protion of that effort, GIVE to the federal govt, which had done nothing to help you get it<br /> <br /> And somehow thats a break? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> <br /> This whole discussion has had a lot of useless banter, but I think a statement that we GIVE the federal government part of the wealth we have gathered that they did nothing to help you get, I think it&#039;s a completely ludicrous statement. What about infrastructure? Interstates, electricity, communications, seaports, railroads, EDUCATION. Are you trying to tell me these things did not contribute to your ability to generate income and wealth. So would someone like to say exactly what amount you should pay in taxes to the federal government? Zero? What about state, city, etc. There seems to be this mantra from the right that all taxes are bad. If there is going to be a federal government, which I think most everyone would agreee that it has value for stability, then there has to be taxes to support it. So how much?? <br /> <br /> As a side note, I hate the way the discussion about these difficult and nuanced issues gets reduced to headlines and soundbites, to the point of absurdity. It happens from both sides, and it makes me sick the way this stuff is simplified to the point that nothing can really get done to solve the problem. Will you people try to see both sides of an issue for once, and approach EVERYTHING you hear with a bit of scepticism. Try to act like intelligent adults please. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Where did the wealth come form to build these &quot;things&quot; such as Interstates?<br /> Did the tax payer come first or the tax collector?<br /> <br /> I am not trying to solve any problems, I am trying to get people to understand them, without that there is no chance of resolving anything<br /> <br /> Our president is on a full time 7-24 attack on big business is in reality an attack on the consumer<br /> It is that simple<br /> Acting like adults? exactly what is it about this accurate information that is not being an adult?<br /> <br /> Seriously<br /> <br /> One other tid-bit, Paying taxes is part of the deal, being honest about who should be also as well as the terms &quot;break&quot; and &quot;subsidies&quot;</div>

 

[Valox]

<div class="bbWrapper">Big oil does get tax breaks. Seriously, why are people even denying this?</div>

 

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Valox" data-source="post: 5070780" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070780" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070780">Valox said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Big oil does get tax breaks. Seriously, why are people even denying this? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Because they do not<br /> It is a term that is on any investigation a lie<br /> <br /> Obama, or for that matter ANY politician should be speaking of tax rates,<br /> not proclaim them as a break<br /> Paying taxes is an obligation, not a break<br /> to hi rate<br /> to low of a rate <br /> thats the correct term, and Obama uses these falseclaims to sound like he cares<br /> <br /> I do not consider the ability to claim my-self as an dependant as a break<br /> It dictates my tax rate<br /> I am an expense<br /> Business is the same, after all of the &quot;dependants&quot; there allowed to &quot;claim&quot; they end up with a rate<br /> <br /> When Obama states the term &quot;Break&quot; or worse &quot; Subsidy&quot; he is lying<br /> If he wants to change the rate Oil companies pay, then why does he claim that he wants to take those expenses/risk they take as a break?<br /> IT IS AN OBLIGATION</div>

 

[Valox]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5070877" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070877" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070877">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="Valox" data-source="post: 5070780" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070780" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070780">Valox said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Big oil does get tax breaks. Seriously, why are people even denying this? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Because they do not<br /> It is a term that is on any investigation a lie<br /> <br /> Obama, or for that matter ANY politician should be speaking of tax rates,<br /> not proclaim them as a break<br /> Paying taxes is an obligation, not a break<br /> to hi rate<br /> to low of a rate <br /> thats the correct term, and Obama uses these falseclaims to sound like he cares<br /> <br /> I do not consider the ability to claim my-self as an dependant as a break<br /> It dictates my tax rate<br /> I am an expense<br /> Business is the same, after all of the &quot;dependants&quot; there allowed to &quot;claim&quot; they end up with a rate<br /> <br /> When Obama states the term &quot;Break&quot; or worse &quot; Subsidy&quot; he is lying<br /> If he wants to change the rate Oil companies pay, then why does he claim that he wants to take those expenses/risk they take as a break?<br /> IT IS AN OBLIGATION </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> So Congress never enacted a tax credit to big oil? Seriously, what you are sniffing?<br /> <br /> They don&#039;t receive a subsidy, but they do receive a tax subsidy.</div>

 

[JRK]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Valox" data-source="post: 5070917" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070917" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070917">Valox said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="JRK" data-source="post: 5070877" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070877" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070877">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> <blockquote data-attributes="" data-quote="Valox" data-source="post: 5070780" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5070780" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5070780">Valox said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Big oil does get tax breaks. Seriously, why are people even denying this? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Because they do not<br /> It is a term that is on any investigation a lie<br /> <br /> Obama, or for that matter ANY politician should be speaking of tax rates,<br /> not proclaim them as a break<br /> Paying taxes is an obligation, not a break<br /> to hi rate<br /> to low of a rate <br /> thats the correct term, and Obama uses these falseclaims to sound like he cares<br /> <br /> I do not consider the ability to claim my-self as an dependant as a break<br /> It dictates my tax rate<br /> I am an expense<br /> Business is the same, after all of the &quot;dependants&quot; there allowed to &quot;claim&quot; they end up with a rate<br /> <br /> When Obama states the term &quot;Break&quot; or worse &quot; Subsidy&quot; he is lying<br /> If he wants to change the rate Oil companies pay, then why does he claim that he wants to take those expenses/risk they take as a break?<br /> IT IS AN OBLIGATION </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> So Congress never enacted a tax credit to big oil? Seriously, what you are sniffing?<br /> <br /> They don&#039;t receive a subsidy, but they do receive a tax subsidy. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> By definition a subsidy (see GM as an exapmle)<br /> noun, plural -dies. 1. a <b><u>direct pecuniary aid furnished </u></b>by a government to a private industrial undertaking, a charity organization , or the like. 2. a sum paid ...<br /> <br /> So because a POLITICIAN writes a law that utilizes the term &quot;break&quot; for corporations and &quot;dependant&quot; for those who vote, you agree with them?<br /> Your only giving the thread an example for its writing<br /> <br /> Me as a denendant is the same as an expense<br /> GM got a and still is getting a sibsidy as they owe us billions<br /> You will not find one oil company that has been given wealth from the tax payer (other than the purchase of there product/service)<br /> They earn<br /> They use there wealth<br /> they risk there wealth<br /> they pay taxes on the profit form that wealth<br /> <br /> Mt friend being lied to, or being mis lead is all there is to this<br /> Paying taxes is an obligation, it is a loss of welath<br /> Try and explain to me ho losing welath and the term break are the same</div>

 

[bobcollum]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5051580" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5051580" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5051580">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> People pay taxes, not corporations. raise taxes on Exxon, there going to raise the cost of there product </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Exactly...further proof that corporations aren&#039;t people. <br /> <br /> <img src="/styles/smilies/clap2.gif" class="smilie" loading="lazy" alt=":clap2:" title="clap2 :clap2:" data-shortname=":clap2:" /></div>

 

[Valox]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JRK" data-source="post: 5071008" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/goto/post?id=5071008" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-5071008">JRK said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> You will not find one oil company that has been given wealth from the tax payer (other than the purchase of there product/service) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> I agree. What is your point?<br /> <br /> Perhaps if you were literate, you have noticed that I never claimed this.</div>