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So you would be willing to end the $21 billion oil companies get each year in tax breaks to help lower the deficit?
They dont get $21B in tax "break", they get business writeoffs, like ALL businesses get.. For gods sakes do some research rather than listening to the left wing talking points who clearly have no business understanding at all or dont mind lying to you, playing you guys for a fool because you run around repeating the lies you are told.
So you would be willing to end the $21 billion oil companies get each year in tax breaks to help lower the deficit?
Actually oil companies get a less percentage tax break then some other industries but the oil companies make out well because of the higher volume of profit. 9% for other industries and only 6% for oil companies.
Some of these tax deductions have been on the books for 100 years.
You want to talk subsidies then look to Ag. They get DIRECT government subsidies of near $16 billion. The US government is paying big Ag to leave fields barren. That's subsidy.
They dont get $21B in tax "break", they get business writeoffs, like ALL businesses get.. For gods sakes do some research rather than listening to the left wing talking points who clearly have no business understanding at all or dont mind lying to you, playing you guys for a fool because you run around repeating the lies you are told.
I'm just repeating actual facts. You are the one pulling out talking points.
So, to help lower the deficit should we get rid of "write-offs" for the most profitable oil companies, which happen to cost taxpayers $21 billion per year?
I'm just repeating actual facts. You are the one pulling out talking points.
So, to help lower the deficit should we get rid of "write-offs" for the most profitable oil companies, which happen to cost taxpayers $21 billion per year?
So change the tax code ? All companies but oil companies get deductions ?
Isn't that along the same lines as tax the rich and leave the rest of us alone ?
I'm just repeating actual facts. You are the one pulling out talking points.
So, to help lower the deficit should we get rid of "write-offs" for the most profitable oil companies, which happen to cost taxpayers $21 billion per year?
Fine, lets play YOUR game..
one of the so called tax "breaks" is the ability to reduce their profits by what they pay out in labor, i.e. payroll.
Are you aware that ALL businesses do this? Why would payroll expenses be taxed as a profit when clearly its an expense? Explain the math to me on this one and share with me these "actual facts"...
Quote:
Originally Posted by HappyTexan
So change the tax code ? All companies but oil companies get deductions ?
Isn't that along the same lines as tax the rich and leave the rest of us alone ?
That is fascism my friend and of the worst kind.
And illegal, but then if liberals dont know the difference between a subsidy, and a business write off, then why would I expect them to recognize whats legal, and not legal..
So change the tax code ? All companies but oil companies get deductions ?
Isn't that along the same lines as tax the rich and leave the rest of us alone ?
Bob, please explain how piling on more debt keeps the country solvent.
The Congress already authorized spending and taxes. It should then be no surprise to Congress that this caused a debt of "X." It's therefore hypocritical for the people who voted for these very spending programs to get indignant about the debt ceiling being raised. If they didn't want to cause a debt they should have raised taxes to pay for what they just approved or not voted for the programs in the first place.
It's like telling the auto dealer salesman that you are going to buy the car and then refusing to sign the loan agreement.
From a practical standpoint, not raising the deb ceiling will require to come up with $750 billion immediately. We can raise taxes by that much or cut out just about everything -- which probably will drive the nation into depression.
Let's also remember what St. Ronald said, "This country cannot be allowed to default on its financial obligations for the first time in history... this would be unthinkable.” -- Ronald Reagan, 1987
So you would be willing to end the $21 billion oil companies get each year in tax breaks to help lower the deficit?
Well maybe the GE tax break from last year would help. That is especially true now that Obama has taken their CEO to his breast.
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Fine, lets play YOUR game..
