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| Post Number: 11
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pepi-lapew 
Group: Members
Posts: 271
Joined: Jun. 2009
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Posted on: Jul. 01 2014,1:43 pm |
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Quit spending the gas tax money on bike trails, Then we would be better off? Who needs them any way. I see the bikers using the streets instead of the bike lanes.
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| Post Number: 12
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Rosalind_Swenson
Group: Members
Posts: 1527
Joined: May 2011
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Posted on: Jul. 02 2014,12:17 pm |
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They should raise tax on crude oil not gasoline. I'm sick of hearing the BS line that oil companies barely make any money from producing gasoline. First of all, all the big companies are integrated. They own and run the whole shebang. Where does the biggest chunk of money go per gallon of gasoline? They figure in the price of their own crude oil into gasoline production when they spew they only make 7cents per gallon. What a crock. They don't pay much tax on the crude oil part at all. They also like to spout how incredibly expensive R&D is, but they get to claim 70% of those expenses as a tax write off. And claim up to 30% of damages in their own made disasters like the Gulf spill.
Taxes too high for oil companies. What a crock. Pass the cost of higher taxes on down the line. What a crock. - In this instance anyway.
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And the light shines in the darkness, and the darkness did not comprehend it.
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| Post Number: 13
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Self-Banished
Group: Members
Posts: 22684
Joined: Feb. 2006
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Posted on: Jul. 02 2014,12:23 pm |
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^^^
Attached Image
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 Remember boys and girls,
Don’t be a Dick …
Or a “Wayne” 
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| Post Number: 14
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| Post Number: 15
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Rosalind_Swenson
Group: Members
Posts: 1527
Joined: May 2011
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Posted on: Jul. 02 2014,2:46 pm |
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Which part got the facepalms SB?
Took me awhile to get to a system where I could copy and paste.
And GIL, that's not how I read this article. I'm not a tax expert, but I also don't get your take from reading the tax code in the second link below.
QUOTE When Exxon Mobil wants to drill a well to look for oil, it can under present law "expense," or quickly deduct, the costs for labor, drilling and rig time. These are known in the tax code as "intangible drilling costs." The code now allows independent oil companies -- mid-sized competitors such as Marathon Petroleum Corp and Occidental Petroleum Corp -- to recover 100 percent of intangible drilling costs in the first year. The largest oil companies -- including the "Big Five" players Exxon, Chevron, BP Plc, ConocoPhillips and Royal Dutch Shell Plc -- can recover 70 percent of these costs in the first year. http://www.reuters.com/article...0120329
http://www.irs.gov/publica...0208883
Maybe CC can dumb down the IRS information for me.
I was wrong. Companies can claim up to 35%, not 30%.
QUOTE Under U.S. corporate tax law, companies can take credits on up to 35 percent of their losses. The credit for BP could mean, however, that taxpayers will indirectly foot part of the bill for the $20 billion fund that BP established to compensate people and businesses harmed by the disaster. http://www.washingtonpost.com/wp-dyn...37.html
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And the light shines in the darkness, and the darkness did not comprehend it.
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| Post Number: 16
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Botto 82
Group: Members
Posts: 6293
Joined: Jan. 2005
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Posted on: Jul. 02 2014,2:55 pm |
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Corporate subsidies are everywhere. And they need to stop.
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Dear future generations: Please accept our apologies. We were rolling drunk on petroleum.
- Kurt Vonnegut
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| Post Number: 17
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| Post Number: 18
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Rosalind_Swenson
Group: Members
Posts: 1527
Joined: May 2011
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Posted on: Jul. 03 2014,8:56 am |
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(Self-Banished @ Jul. 03 2014,7:42 am)
QUOTE
(Rosalind_Swenson @ Jul. 02 2014,2:46 pm)
QUOTE Which part got the facepalms SB? Because as I've stated on this site many times, when you increase costs to a business, any business, all that happens is that the costs are just passed along. Just one of the prices we pay for free enterprise
Ok, I understand that, but why don't you have a problem with the blatant lies coming from these big corporations and our government? The $0.07 profit on gasoline for example. Blatant lie. Since 80% of the cost of a gallon of gasoline is the crude oil. So in all actuality, these big companies are making a much much bigger profit than they admit to, right? Getting to take big tax credits when their disasters hurt their bottom line? Even their legal fees are tax deductible. The big banks and big corps are the ones running the show. It should be obvious by now. Hell, they don't just "influence" lawmakers with lobbyists anymore, quite often they are writing up legislation for crying out loud. How often has MSM told the truth about anything? The gas profit for instance?
MSM mainly just throws around BS. Their main topics are ANYTHING that will distract and DIVIDE us. Birth control, abortion, gun control. - I'm not saying those are not important issues, but how often did mainstream national news talk about the indefinite detention and stripping of rights powers that the government now has? How often have they talked about the water shortage problem? How much did you hear about that guy in Arizona who bombed the social security building, and how often did any reporter dig in to find out HOW that guy was even here or how he had so much money? How often do they talk about the horrible situation still ongoing in the Gulf of Mexico?
How often does the media or government tell us anything of importance? And how often is it pointed out how often and how BIG our leaders lie? And we just keep letting them do it.
***Edit***
How often did they talk about the reporters threatened with arrest for trying to cover oil spills? How many times did any government official speak out against such a thing happening? People should be outraged at the things happening and the direction this country is going.
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And the light shines in the darkness, and the darkness did not comprehend it.
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| Post Number: 19
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Self-Banished
Group: Members
Posts: 22684
Joined: Feb. 2006
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Posted on: Jul. 03 2014,10:21 am |
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Hey, the system we have is what it is, kinda f**ked but it's what we have to deal with with the gov. we have. So if we start throwing bums out of office, doesn't matter if the have an "R" or "D" after their name then we might get somewhere.
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Remember boys and girls,
Don’t be a Dick …
Or a “Wayne”
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| Post Number: 20
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