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New yes it is
any cost that involves a percentage of their gross being transferred to the government is a tax on their profits. the fact that their total American tax burden exceeds their profit and loss from doing business in America is appalling but you are greedy, you want more. As one of the shareholders mentioned they would be better off moving elsewhere and refuse to sell any product in the US
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
New No it isn't.
FICA is an insurance payment that comes out of employees compensation.

The federal government takes out FICA for its employees. The federal government is not in "business" and doesn't earn a "profit".

FICA's not a tax on profits.

Attempting to redefine terms doesn't strengthen whatever argument you're attempting to put forward.

Cheers,
Scott.
New FICA
Boy I wish we had search....because now you've flipped.

When we talk about income taxes..you talk about how the poor are overtaxed...and use FICA in that calculation...

Now...you ignore FICA as insurance when its the corp side.

I KNOW there are examples of this in banter between us.
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New ;-)
It's still got nothing to do with Exxon's corporate income taxes on their earnings.

HTH.

Cheers,
Scott.
Expand Edited by Another Scott May 2, 2011, 10:28:31 PM EDT
New Re: ;-)
But the poor corporation is taxed multiple times, with excise taxes, payroll taxes..why should they have to pay a higher net tax rate than Obama? After all, he's rich!
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New ...
New Re: ...
You seemed to like that argument before... ;-)
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New feds dont take out fica for their employeees they are exempt
feds take out fica for exxon mobile because it is a tax they want to collect. That tax cuts into the profits of the company
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
New You're wrong about that, too.
Things change. ;-)

http://www.opm.gov/s...al_procedural.asp

Social Security Deductions

Employees subject to the FERS or CSRS Offset systems are subject to Federal Insurance Contributions Act (FICA) deductions from their pay. (CSRS employees are not subject to FICA deductions.) Therefore, in any case involving a FERS or CSRS Offset employee, FICA deductions (which are offset against the total employee retirement deduction) must also be withheld.


http://www.opm.gov/r...re/fers/index.asp

Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS.

FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement. The Basic Benefit and Social Security parts of FERS require you to pay your share each pay period. Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductions. Your agency pays its part too. Then, after you retire, you receive annuity payments each month for the rest of your life.


HTH.

Cheers,
Scott.
New Only because he stated an absolute..
instead of saying "most"
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New No, he was wrong because he was wrong. HTH.
New Forgive us for being old...
we remember 1980 :-)
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New :-) I'm getting up there too.
     exxonmobile 10.7 billion broken out - (boxley) - (38)
         Um, so they count FICA, etc., as taxes paid??? -NT - (Another Scott) - (37)
             They can because they do - (beepster) - (31)
                 Interesting - (S1mon_Jester) - (2)
                     50/50 - (Steve Lowe) - (1)
                         Re: 50/50 - (S1mon_Jester)
                 Is FICA a tax on their profits? No, it isn't. - (Another Scott) - (27)
                     So are you - (beepster) - (13)
                         The topic is Exxon's earnings and taxes on same. HTH. -NT - (Another Scott) - (12)
                             Really? Cause I read in Box's post.... - (beepster) - (11)
                                 It has nothing to do with how much tax they pay on earnings. - (Another Scott) - (10)
                                     Why not? - (beepster) - (9)
                                         You need to review the definition of "earnings", I think. -NT - (Another Scott) - (8)
                                             I don't think so... - (beepster) - (7)
                                                 Heh... - (Another Scott) - (6)
                                                     Ah, I see.. - (beepster) - (5)
                                                         Riddle me this, Batman. - (Another Scott) - (4)
                                                             And my other point.... - (beepster) - (3)
                                                                 The thread's not big enough to handle all of them... ;-) -NT - (Another Scott)
                                                                 I'll vilify them just as much as the Oil Companies. - (folkert) - (1)
                                                                     Beep's a big Bernie Sanders supporter, donchaknow. - (Another Scott)
                     yes it is - (boxley) - (12)
                         No it isn't. - (Another Scott) - (11)
                             FICA - (beepster) - (4)
                                 ;-) - (Another Scott) - (3)
                                     Re: ;-) - (beepster) - (2)
                                         ... -NT - (Another Scott) - (1)
                                             Re: ... - (beepster)
                             feds dont take out fica for their employeees they are exempt - (boxley) - (5)
                                 You're wrong about that, too. - (Another Scott) - (4)
                                     Only because he stated an absolute.. - (beepster) - (3)
                                         No, he was wrong because he was wrong. HTH. -NT - (Another Scott) - (2)
                                             Forgive us for being old... - (beepster) - (1)
                                                 :-) I'm getting up there too. -NT - (Another Scott)
             is it a tax? Yeah because you cant opt out as a company -NT - (boxley) - (4)
                 Not sure that's true - (S1mon_Jester) - (3)
                     rare corner case for a very few employers - (boxley) - (2)
                         Ahem...didn't argue that it wasn't rare. - (S1mon_Jester) - (1)
                             Dunno if they do now, but ... - (mmoffitt)

The feeling is there, but you have a long way to go to CRC's level.
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