![]() 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
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![]() 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. |
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![]() 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.
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![]() It's still got nothing to do with Exxon's corporate income taxes on their earnings.
HTH. Cheers, Scott. |
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![]() 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.
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![]() 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.
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![]() 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
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![]() Things change. ;-)
http://www.opm.gov/s...al_procedural.asp Social Security Deductions 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. HTH. Cheers, Scott. |
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![]() 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.
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![]() 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.
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