Re: OT:2008 Profits

On Jan 31, 1:17 am, "edspyhil...@xxxxxxxxx" <edspyhil...@xxxxxxxxx>
wrote:
On Jan 30, 11:23 pm, <castlebravo...@xxxxxxx> wrote:



"Wollybird" <wollyb...@xxxxxxxxxxxxxxx> wrote in message

news:b391140c-ace2-4671-8099-79e2169e3778@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Exxon has been rewarded with large tax breaks. Those profits were
partially
on the backs of the taxpayer. Minimize profit "not pay taxes".

Bob- Hide quoted text -

- Show quoted text -

really? how mucH?

http://in.biz.yahoo.com/080501/129/6tayb.html

The corporate tax rate for them is fairly high but then there are the hidden
breaks.

Bob

Corporate tax rates are lower than individual tax rates and they have
loopholes you can drive an 18-wheeler through.  Wages are taxed at a
higher rate than unearned income.

I wouldn't mind seeing unearned income taxed the same as wages. INMO,
income is income and should be taxed equally - maybe come up with a
flat rate to tax income that is < the current earned income rate and >
the rate for unearned income, to balance things out.

Oh crap I'm turning into a socialist....

John L.
.

Relevant Pages