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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Riddle me this, Batman.
Post #342,189
by Another Scott
5/2/11 6:10:54 PM
Reply
New Riddle me this, Batman.
Are governments supposed to make a profit? Are governments designed to have "earnings"? Are we to believe that nobody would buy gasoline if Exxon-Mobil didn't sell it?

Maybe they should get credit on their taxes for using a San-Serif font in their press release - it makes as much sense as their "argument". :-/

Their press release talking about paying FICA and what consumers pay in gasoline taxes and the like is obfuscation. It has nothing to do with taxes on their $10.7B quarterly earnings. That is all.

EOT.

Cheers,
Scott.
Post #342,190
by beepster
5/2/11 7:14:46 PM
Reply
New And my other point....
that they, at least, paid income taxes...unlike several other very high profile companies...but we aren't vilifying >them<, now are we?...oh no...its much more sexy to pick on the oil companies.
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
Post #342,193
by Another Scott
5/2/11 8:03:46 PM
Reply
New The thread's not big enough to handle all of them... ;-)
Post #342,195
by folkert
Picture of folkert
5/2/11 9:34:57 PM
Reply
New I'll vilify them just as much as the Oil Companies.
I don't think any of them pay enough.
Post #342,205
by Another Scott
5/2/11 11:22:18 PM
Reply
New Beep's a big Bernie Sanders supporter, donchaknow.
http://blogs.suntime...nies_avoidin.html

;-)

Cheers,
Scott.
     exxonmobile 10.7 billion broken out - (boxley) - (38) - May 2, 2011, 11:11:22 AM EDT
         Um, so they count FICA, etc., as taxes paid??? -NT - (Another Scott) - (37) - May 2, 2011, 11:14:52 AM EDT
             They can because they do - (beepster) - (31) - May 2, 2011, 11:59:25 AM EDT
                 Interesting - (S1mon_Jester) - (2) - May 2, 2011, 12:07:27 PM EDT
                     50/50 - (Steve Lowe) - (1) - May 2, 2011, 12:14:12 PM EDT
                         Re: 50/50 - (S1mon_Jester) - May 2, 2011, 01:06:03 PM EDT
                 Is FICA a tax on their profits? No, it isn't. - (Another Scott) - (27) - May 2, 2011, 02:32:18 PM EDT
                     So are you - (beepster) - (13) - May 2, 2011, 02:48:37 PM EDT
                         The topic is Exxon's earnings and taxes on same. HTH. -NT - (Another Scott) - (12) - May 2, 2011, 03:07:26 PM EDT
                             Really? Cause I read in Box's post.... - (beepster) - (11) - May 2, 2011, 03:53:00 PM EDT
                                 It has nothing to do with how much tax they pay on earnings. - (Another Scott) - (10) - May 2, 2011, 04:18:58 PM EDT
                                     Why not? - (beepster) - (9) - May 2, 2011, 04:54:02 PM EDT
                                         You need to review the definition of "earnings", I think. -NT - (Another Scott) - (8) - May 2, 2011, 05:21:04 PM EDT
                                             I don't think so... - (beepster) - (7) - May 2, 2011, 05:24:54 PM EDT
                                                 Heh... - (Another Scott) - (6) - May 2, 2011, 05:45:04 PM EDT
                                                     Ah, I see.. - (beepster) - (5) - May 2, 2011, 05:53:59 PM EDT
                                                         Riddle me this, Batman. - (Another Scott) - (4) - May 2, 2011, 06:10:54 PM EDT
                                                             And my other point.... - (beepster) - (3) - May 2, 2011, 07:14:46 PM EDT
                                                                 The thread's not big enough to handle all of them... ;-) -NT - (Another Scott) - May 2, 2011, 08:03:46 PM EDT
                                                                 I'll vilify them just as much as the Oil Companies. - (folkert) - (1) - May 2, 2011, 09:34:57 PM EDT
                                                                     Beep's a big Bernie Sanders supporter, donchaknow. - (Another Scott) - May 2, 2011, 11:22:18 PM EDT
                     yes it is - (boxley) - (12) - May 2, 2011, 08:45:56 PM EDT
                         No it isn't. - (Another Scott) - (11) - May 2, 2011, 09:46:56 PM EDT
                             FICA - (beepster) - (4) - May 2, 2011, 10:23:41 PM EDT
                                 ;-) - (Another Scott) - (3) - May 2, 2011, 10:28:31 PM EDT
                                     Re: ;-) - (beepster) - (2) - May 2, 2011, 10:35:17 PM EDT
                                         ... -NT - (Another Scott) - (1) - May 2, 2011, 10:40:32 PM EDT
                                             Re: ... - (beepster) - May 2, 2011, 10:48:51 PM EDT
                             feds dont take out fica for their employeees they are exempt - (boxley) - (5) - May 3, 2011, 07:28:50 AM EDT
                                 You're wrong about that, too. - (Another Scott) - (4) - May 3, 2011, 07:36:32 AM EDT
                                     Only because he stated an absolute.. - (beepster) - (3) - May 3, 2011, 08:52:09 AM EDT
                                         No, he was wrong because he was wrong. HTH. -NT - (Another Scott) - (2) - May 3, 2011, 10:02:21 AM EDT
                                             Forgive us for being old... - (beepster) - (1) - May 3, 2011, 10:31:15 AM EDT
                                                 :-) I'm getting up there too. -NT - (Another Scott) - May 3, 2011, 11:19:10 AM EDT
             is it a tax? Yeah because you cant opt out as a company -NT - (boxley) - (4) - May 2, 2011, 12:31:26 PM EDT
                 Not sure that's true - (S1mon_Jester) - (3) - May 2, 2011, 01:14:54 PM EDT
                     rare corner case for a very few employers - (boxley) - (2) - May 2, 2011, 01:21:08 PM EDT
                         Ahem...didn't argue that it wasn't rare. - (S1mon_Jester) - (1) - May 2, 2011, 01:23:01 PM EDT
                             Dunno if they do now, but ... - (mmoffitt) - May 2, 2011, 02:05:01 PM EDT

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