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posted to rec.boats
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First recorded activity by BoatBanter: Aug 2009
Posts: 5,427
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I will pay more in federal income taxes this year than ExxonMobil
wrote in message
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On Thu, 08 Apr 2010 20:11:27 -0400, bpuharic wrote:
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
You seriously underestimate who owns stocks. I am far from rich and I
have always had a pretty good position in equities.
You are a fool if you don't. Has anyone ever explained how many fees
you are paying for that 401k? It is one of the biggest scams in the
history of robbing the little guy and by the time the tax man gets
through with you, you would have been better off keeping your money
under your mattress.
401K are still a good deal. I certainly did really well with mine. They
matched a percentage, which was icing on the cake.
--
Nom=de=Plume
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