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#1
08-10-2011, 02:36 PM
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WalMart 34% Exxon 47% Chevron 43% GE 0% Conoco 51% AT&T 32% Bank of America 0% Ford 2% Hewlett 20% Berkshire 31% You may want to rethink this drivel you post. Or at least get your oil changed. Are you ever right? I dare you to show some class and admit you have just been joking with us. I double dare you. 
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#2
08-10-2011, 02:50 PM
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The point, as you will see, to Joey, is that fears about "taxing the rich" is laughable when corporations making billions pay virtually nothing at all. Or get refunds.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#3
08-10-2011, 03:11 PM
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WalMart $7.1 Billion Exxon $17.6 Billion Chevron $8.1 Billion GE $0 Conoco $13.0 Billion That's paid. You want the others, look it up yourself, you lazy mutt. Read Forbes and don't worry -- looking at the website won't magically erase family money. It's obvious you just post your **** to be funny. You're funny but, really, you are more pathetic than comical. So, will you show some integrity and admit you had no clue that the three oil companies in the top ten paid a total of $38.7 Billion in Fed Income Tax with effective tax rates of 47%, 43% and 51% of pre-tax income? Will you? Can you? No, it's easier for you to not educate yourself and just babble-rant against those big, nasty oil companies. I dare you. You're a complete moron. As an aside, good luck with your pre-existing condition.
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#5
08-10-2011, 03:44 PM
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__________________
don't run out of ammo.
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#6
08-10-2011, 03:49 PM
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But nice you've revealed yourself for exactly what you lack.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#7
08-10-2011, 04:05 PM
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I think there should be a cut off poverty line. say 25k
Everything above 25k should be taxed at a flat rate of 15%, maybe 20%. Including business profits. no deductions, no loopholes.
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#8
08-10-2011, 04:08 PM
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#9
08-10-2011, 04:18 PM
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So let's talk about what the largest corporations in the US pay in income taxes. And let's not use just Forbes spin, let's use other financial sites (WSJ, Money), too. And the entire point of this is that "the rich" are hardly "overtaxed", especially if you are a multinational keeping your profits overseas until a tax holiday is declared. We need a major revision of the tax code. Too bad the Republicans (actually the Tea Party) just nixed a start to it.
Exxon Mobile "Paulo", quoting Forbes, says Exxon paid $17.6 Billion in taxes in 2010. That's pretty amazing, because they only made a profit of $19 billion in 2009, and they paid zero income tax in 2009 They actually received a $156 million rebate in 2009 from the IRS, according to its SEC filings. WalMart $7.1 Billion taxes paid in 2010 In 2009, $22.1 billion in profit. Their tax rate is 35%. But after deductions they paid just under 32.4% Chevron They did pay $8.1 Billion in US taxes in 2010 In 2009, $10 billion profits, $19 million refund from the IRS GE 2010 tax rate: $0 2009 tax rate: $0 GE says it made no profits in the US. It booked its profits overseas as to not yet pay taxes on it. This left GE with a $1.1 billion benefit to its bottom line from taxes -- and an effective tax rate of negative 10.5%, a nice break from the 5.3% tax rate it recorded in 2008. Over the past five years, GE made $26 billion in US profits, and received $4.1 billion refund from the IRS. Bank of America 2009: $1.9 billion tax refund from the IRS, based upon $4.4 billion in profits, and in spite of receiving a Federal Reserve bailout of nearly $1 trillion. Boeing 2009: received a $30 billion contract from the Pentagon to build 179 airborne tankers, received $124 million IRS refund. Valero Energy 2009: $68 billion in US sales, $157 million tax refund check from IRS 2006-2009: received $134 million tax break from the oil and gas manufacturing tax deduction. Goldman Sachs 2008: profit of 2.3 billion, bailout of $800 billion from Federal Reserve, only paid 1.1 percent of income in taxes Citigroup 2009: $4 billion in profits, $2.5 trillion bailout from Federal Reserve, paid zero federal income taxes. ConocoPhillips 2007 - 2009: $16 billion in profits, $451 million in tax breaks through the oil and gas manufacturing deduction. Carnival Cruise Lines 2009: $11 billion in profits, but federal tax rate only 1.1 percent.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#10
08-10-2011, 04:22 PM
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__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts
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#11
08-10-2011, 05:10 PM
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#12
08-11-2011, 07:32 AM
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but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything! but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.
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