the corporate bottom line and tax shelter policies are the best they've been since before crash in '08....and still.
http://www.bbc.co.uk/news/business-14081789
Only some 18,000 new jobs were created in the month, way below expectations of a 90,000 rise, which had been raised by strong private sector hiring data on Thursday.
We're the private sector...we create jobs and help the economy. .HONEST!! So ...don't tax us..like...at all...... particularly big oil...
Federal, state, and local governments make much more on a gallon of gas than the producers.
tell me again why our poor oil companies need huge tax breaks for exploration and R&D, basically stealing tax dollars from US Americans by deferment, when they are making record profits during this wonderful recession?
You don't think they should be able to deduct their expense for exploration and R&D? Business expenses are "huge tax breaks"? Should oil companies pay higher income tax rates than other businesses?
Guess what moron. The World uses a fuckton of oil. Oil companies are making a fuckton of profit because everyone in the world needs their rough ridin' product and is paying a lot more for it than costs to produce. It's a pretty simple concept.
How much money would the US save if we got rid of all these "tax breaks"(i.e. monkey with the depreciation schedule). Per dumbfuck Obama about $50B over 10 years. Basically the amount of money the Fed Govt. spends in 3-4 days. The anti-oil talking point is almost as tired as the anti-corporation (but not anti-business amirite???) talking point. Get your rough ridin' facts straight and your head out of the sand. The last thing this world needs is liberal lemming clouding up the real problems with these phony issues.
If the oil companies were unionized (not sure they aren't) would this make their venture better? What if instead of making lots of money, they lost a ton (like GM), would this make them a more 'merican company? JFC you are a mindless idiot
:lol:you rube. seriously, you don't get it.
First learn the difference between tax deductions, subsides, tax credits.
Second learn how trusts, cartels, coops, and monopolies work
Third learn about supply and demand, specifically supply side economics
Forth learn about what the real issues are. nothing I have said is related to dems and reps, conservative or liberal as american politics are concerned. you are the reason foxnews has viewers. You think you understand 'the real problems' but you are only support a system which is destroying the American middle class while blaming 'liberal lemmings.'
Every time I point out how everything you say is totally ridiculous and ask some simple questions, you counter with more "delusional rants and unsupported claims". You're the rough ridin' birther pit oracle.
WTF are you talking about??? This is getting more and more comical by the minute. While I commend your knowledge that various economic terminology exist, I highly doubt you understand what any of the above actually means.
The "real problems" are the tax code and how the oil companies comply with it? I think it's pretty clear that whatever deductions/credits (aka subsidies) exist, even if removed, would do next to nothing to cure "the real problems". B.O. has acknowledged as much.
The 2,000,000,000,000lb gorilla in the room is entitlement programs which account for a contractual obligation to the federal government than it brought in in tax revenues last year. Is this a "real problem" or have I been misguided by partisan politics (I disagree that liberal=democrat) and foxnews (how they manipulate cbo, irs, and other govt agencies reporting numbers is unknown to me)?
cue: DELUSIONAL RANT AND UNSUPPORTED CLAIM.