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Did you know that big oil companies DON'T PAY TAXES?! That just makes me mad because we all have to pay high taxes while spoiled, rich, Mama's boys don't.
Originally Posted by musingmuse /img/forum/go_quote.gif
i just googled it, and well Exxon Mobil.. turns out.. didn’t pay any federal income tax in 2009.
"But Exxon Mobil’s tax rate is “lower than the average American’s,†Daniel Weiss, an energy expert at CAP, countered in an analysis that put the company’s U.S. federal income tax rate in 2010 at just 17.2 percent."article link
Originally Posted by DreamWarrior /img/forum/go_quote.gif
It's still misleading - Exxon Mobil didnt pay federal income tax because of a tax break, but they paid other taxes (the article clearly states that they are looking into that). 2009 was when the economy was in a shit hole and the gas prices were sky rocketing... the incentive was to lower prices and try to stimulate the economy - hence the whole trillion dollar tax thing. These tax breaks were given to alot of companie's NOT just the oil companies. If you want to critize someone for their behavior - blame the banks and their crappy handling of mortgages and the lies they spread to the markets and securities.
CEO's do pay income taxes (no one can get away with that), they just pay at a different rate, it's the American income tax bracket that you need to critize, not the CEO's.
While they may have been moma's boys (in your opinion), they didnt just walk up to the podium for the job - they had to get voted in by a commitee and still prove their worth. Because, if the committee put an uneducated ignorant hedge fund baby on the chair of the board, the whole board will look foolish at the stock markets and chances are they will all eventually loose their jobs. CEO responsabilites are not to be taken lightly and I bet $100 you could not do their job or make the choices they need to make. These guys are highly educated, stupid at times - even moronic, but still educated, well known, and well versed in the business world.
Also, some CEO's are not born in the Hampton's, some were raised in the hoods of NYC and have worked damn hard to become CEO's and Directors and whatnot - Its whats great about living in America - you have the choice be the factory line worker, the supervisor, the boss or the damn owner of the factory.
Originally Posted by satojoko /img/forum/go_quote.gif
I happen to work for the oil industry, indirectly. Actually, directly, doing websites for companies in that industry. No, I am not out there digging wells and working on the floating rigs, but they put food on my table and gas in my car. Yes, I know damn well that people who work in the oil industry pay very little tax because they are provided with crazy amounts of tax shelters, but they actually DO donate a great deal to charities of all sorts, all over the world. Yes, this gives them tax breaks, but it also educates, provides surgeries for people who can not afford them, and helps people who otherwise would be destitute their entire lives. And believe me, people in North America have no idea what 'destitute' truly is, unless they also are living under a bridge. Does that excuse the damage the oil companies do? No, but they sure do a whole hell of a lot more for people than anybody else I know. They DO make obscene amounts of money, they ARE arrogant as all hell and think they own the world, and I have seen some things which definitely made me question their morals and ethics - like having wives and kids in multiple countries, buying women where ever they feel like it - but I can't fault somebody for making loads of money. I happen to make loads of money as well because they pay me extremely well. I certainly make a great deal more money than every Canadian I know. Where I fault them is their environmental practices mostly, especially over seas, where they take full advantage of government officials who are willing to look the other way when they are polluting an area. Then again, there are plenty of corrupt government officials in the US and Canada who get multiple millions of $$ in kickbacks from these guys as well. They are just less obvious about it. After living in different countries for quite a while, I have come to the conclusion that ALL governments and corporate heads are corrupt as hell and take/make pay-offs. I've also had a chance to see a lot of the private emails between these guys because I look after everything that goes through their mail forms and company mail servers and have copies of everything emailed to me. Yes, they know because I provide them backup copies of everything every month, just in case It is truly shocking some of the things I have heard come from them. I've seen this happen everywhere. It is the way that business of all kinds is done in the world, unfortunately. There are very few honest, ethical people in this world, sadly, and that will never change. That's why I very much value people I meet who are honest and ethical. They are very rare.
Originally Posted by DreamWarrior /img/forum/go_quote.gif
It's still misleading - Exxon Mobil didnt pay federal income tax because of a tax break, but they paid other taxes (the article clearly states that they are looking into that). 2009 was when the economy was in a shit hole and the gas prices were sky rocketing... the incentive was to lower prices and try to stimulate the economy - hence the whole trillion dollar tax thing. These tax breaks were given to alot of companie's NOT just the oil companies. If you want to critize someone for their behavior - blame the banks and their crappy handling of mortgages and the lies they spread to the markets and securities.
CEO's do pay income taxes (no one can get away with that), they just pay at a different rate, it's the American income tax bracket that you need to critize, not the CEO's.
While they may have been moma's boys (in your opinion), they didnt just walk up to the podium for the job - they had to get voted in by a commitee and still prove their worth. Because, if the committee put an uneducated ignorant hedge fund baby on the chair of the board, the whole board will look foolish at the stock markets and chances are they will all eventually loose their jobs. CEO responsabilites are not to be taken lightly and I bet $100 you could not do their job or make the choices they need to make. These guys are highly educated, stupid at times - even moronic, but still educated, well known, and well versed in the business world.
Also, some CEO's are not born in the Hampton's, some were raised in the hoods of NYC and have worked damn hard to become CEO's and Directors and whatnot - Its whats great about living in America - you have the choice be the factory line worker, the supervisor, the boss or the damn owner of the factory.
Originally Posted by janetgriselle /img/forum/go_quote.gif
I found this article claiming that ExxonMobil actually pays 40% in worldwide taxes. I don't know which is true, but obviously this situation is a little bit more complicated than simply writing off companies as paying no taxes.
Originally Posted by janetgriselle /img/forum/go_quote.gif
I acknowledge that there is always misleading information, but that's why I said "I don't know which is true, but obviously this situation is a little bit more complicated..." Some articles say they pay no taxes, others say they pay too much. Felicia's comment illustrated one extreme, that no one pays taxes, and this article illustrates the other extreme "ExxonMobil is paying 40%". As I continue to research this topic, I continue to find articles that are polarized, either one way or the other, so it's really unclear who to believe.
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