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Originally Posted by Monkei
Your concerns over their plight in life is endearing. Was it there for all the other massacres that have come before it that we somehow found a way to sit on the sidelines for?
Oil is not the enemy but big oil business is. They make billions in profits, they pay nothing in taxes and even get money back from this country. We spill blood in foreign countries to ensure the safety of their employees and the protection of their equipment and property. Not to mention that the end of the day they are not even required to sell their gas to us. There is little if anything we can do now, that day has come and gone. We are left with nothing but to play along in their game. Drill baby drill.
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I often wonder where people get this kind of information. I think it comes from the old adage that if you tell a lie often enough, it becomes the truth. The sad thing is that some people actually believe this kind of nonsense.
Here's a little something about oil companies and taxes.
In 2011 the three oil giants each paid more in income taxes than any other corporation in America. Not only do they pay the most money in taxes, but they also pay the highest rates.
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"ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion. And not only were these the highest amounts in absolute terms, when compared with the rest of the 25 most profitable U.S. companies (see our slideshow for the full rundown of who paid what), the trio also had the highest effective tax rates. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations."
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Do you think that high fuel rates are good for the American public? Do you think that they are good for the economy? What would you say if we could lower gasoline and fuel oil prices by 40%. Do you realize what that would do to our economy? Do you understand that that would lower the prices of every product sold in this country? How good would that be for the poor, the homeless and the hungry?
The truth is that the government is making more from oil than all of the oil companies combined.
Read the whole story here:
Which Companies Pay The Most In Taxes? - Forbes