wrote:
>
> --- In [email protected], Bhairitu <noozguru@> wrote:
> >
> > shempmcgurk wrote:
> >
> > >I love the way people are so angy with the oil companies.
> > >
> > >I myself think that the oil companies should embark on a
campaign
> of
> > >purposely gouging consumers.
> > >
> > >Let the price go up to $7.00 a gallon! Ha-ha!
> > >
> > >It will only be then that people will start to use less and dump
> their
> > >gas-guzzling SUVs.
> > >
> > >And, most importantly, we can get around to developing
> alternative
> > >fuels.
> > >
> > >Can't do it without the $7.00 a gallon price...
> > >
> > >
> > >
> > I would like to see a windfall profits tax on the oil companies.
>
>
>
> Personally, I think a 40% corporate tax rate is windfall
> enough...FOR THE GOVERNMENT!!!!!
>
> Exxon made a profit of $36 billion last year on sales of $328
> billion. That's about 11 cents profit on each dollar of
> revenue...hardly a "windfall".
>
> So under which circumstances, Bhairitu, would your windfall profits
> tax kick in???
What was counted as a deductable expense, however? Our family
business loses money every year and we have NO taxable income from it
and yet I still make enough to pay for an apartment for myself,
another for my kid and his mom, and my health insurance, not to
mention a personal mortgage...
Business taxes are an interesting thing (yes we have an accountant
that does our bookkeeping, she's honest, legit, and makes sure that
our Schedule E's are in good shape for the several IRS audits we've
had over the years).
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