Gary Slusser
That's all folks!
- Messages
- 6,921
- Reaction score
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- Points
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- Location
- Wherever I park the motorhome.
- Website
- www.qualitywaterassociates.com
Just a few facts.
The corporate tax rate in the US is the second highest in the world. Most countries with growing economies have a tax rate of 11% or slightly more while ours is 30%+. And more'n more of us call for higher rates and then wonder why companies move off shore, or go broke.
US history shows that every time taxes on business and/or the population have been reduced, the US Treasury receipts increase substantially, the unemployment rates fall and the stock market rises and the standard of living for most Americans rises because many new jobs are created.
The city dwellers in America have been voting for one tax raising political party for 5-6 decades and are still poor out of work souls with gangs and crime and drug invested neighborhoods where they live with Pitbulls behind bared windows and doors inside fences all around their houses while their kids are jailed repeatedly or killed because there are NO new jobs ad old jobs are constantly being lost because the city fathers are anti business and constantly raising taxes and making it harder for anyone to start a business in their cities.
The oil industry operates at a 5-7% of sales which is about half of what a grocery store and the vast majority of other industries get.
In the last 3 weeks I bought gas at a station in CO that had the Federal, State and County taxes per gallon on the pumps. The total was some 60some cents per gallon; regardless the price per gallon.
Exxon's $38+ billion 3rd quarter profit is mentioned but, not the 32 million 3rd quarter taxes they paid. Or the oil industry's 2007 R&D etc. expenditure of IIRC 1.2 TRILLION dollars.
We should be damned glad we have the oil industry, without oil we would not have all the products that are made out of a barrel of oil that ranges from fuel for all our various vehicles to fabrics, plastics asphalt for roads and parking lots, lubricants of all kinds for all the machines we have and fuel for many electrical power plants etc. etc.etc. etc..
The people that go on about the price of oil should be very glad they live in the USA where the oil industry was born and so should those that go on about oil company or other "corporate greed". Most have never managed or owned any type of business and are very uninformed while they mimic the rhetoric of a certain bunch of politicians that tax reducing JFK would be embarrassed by. He also was not for the population becoming dependent on government as we have become today.
The corporate tax rate in the US is the second highest in the world. Most countries with growing economies have a tax rate of 11% or slightly more while ours is 30%+. And more'n more of us call for higher rates and then wonder why companies move off shore, or go broke.
US history shows that every time taxes on business and/or the population have been reduced, the US Treasury receipts increase substantially, the unemployment rates fall and the stock market rises and the standard of living for most Americans rises because many new jobs are created.
The city dwellers in America have been voting for one tax raising political party for 5-6 decades and are still poor out of work souls with gangs and crime and drug invested neighborhoods where they live with Pitbulls behind bared windows and doors inside fences all around their houses while their kids are jailed repeatedly or killed because there are NO new jobs ad old jobs are constantly being lost because the city fathers are anti business and constantly raising taxes and making it harder for anyone to start a business in their cities.
The oil industry operates at a 5-7% of sales which is about half of what a grocery store and the vast majority of other industries get.
In the last 3 weeks I bought gas at a station in CO that had the Federal, State and County taxes per gallon on the pumps. The total was some 60some cents per gallon; regardless the price per gallon.
Exxon's $38+ billion 3rd quarter profit is mentioned but, not the 32 million 3rd quarter taxes they paid. Or the oil industry's 2007 R&D etc. expenditure of IIRC 1.2 TRILLION dollars.
We should be damned glad we have the oil industry, without oil we would not have all the products that are made out of a barrel of oil that ranges from fuel for all our various vehicles to fabrics, plastics asphalt for roads and parking lots, lubricants of all kinds for all the machines we have and fuel for many electrical power plants etc. etc.etc. etc..
The people that go on about the price of oil should be very glad they live in the USA where the oil industry was born and so should those that go on about oil company or other "corporate greed". Most have never managed or owned any type of business and are very uninformed while they mimic the rhetoric of a certain bunch of politicians that tax reducing JFK would be embarrassed by. He also was not for the population becoming dependent on government as we have become today.