BoatBanter.com - View Single Post - I will pay more in federal income taxes this year than ExxonMobil

bpuharic

On Thu, 08 Apr 2010 20:03:18 -0400, wrote:

On Thu, 08 Apr 2010 18:46:45 -0400, bpuharic wrote:

On Wed, 07 Apr 2010 12:08:04 -0400, wrote:

On Wed, 07 Apr 2010 01:31:41 -0700, jps wrote:

Every time you drive up to the pump, you pay more in federal tax for a
single gallon of gasoline (18.4 cents) than ExxonMobil paid in U.S.
income taxes in 2009. That's in spite of the fact that the world's
second largest company had a gross operating profit of nearly $53

Corporations don't pay taxes, their customers do..

and since their customers are not necessarily all of us, it's
irrelevant. their stockholders pay taxes...not enough...but they do

I take it you don't own stocks.

in my 401K. i have no income from stocks at all. none.

There is no surprise that stocks and dividends get special treatment.

yeah. they're owned by the rich.

Politicians take credit for a vibrant stock market.
Most of Bill Clinton's "great economy" was due to a booming market.
Even Greenspan, cheerleader for excess, called it "irrational". Some
of that was due to Clinton slashing the cap gains tax rate

and cutting the cap gains tax cut did precisely

zero

for the middle class. made the rich fantastically rich.

blew out the middle class