quote:

ORIGINAL: NumberSix

I don't think if I read that right that I am saying any such a thing.

There is a vast difference in the treatment of individual taxes, and corporate taxes.

In fact, corporations are treated as individuals with no responsibilites when that treatment is favorable to them and as companies when that treatment is favorable to them.

Are you suggesting then that the top 2 tax brackets are included in the statement of tax breaks for 95% of working families?  No, the math is that is where the 5% don't get further tax breaks.


The thing at issue mostly concerns multinational companies, who dont invest money here as far as the capital gains thingies go.


For example, Thadius-es-es-es Bike Shop, gets a break.  Exxon doesnt get so much of a break, since they shift their profits to other countries to avoid taxes (as we all do) but Thadius-es-es can't actually bank in Botswana on any given day.

The point being, if we look at the speculation in two recent examples where somebody made a fuckin pile of money........

Where did the money from the houses go?  Where did the money from the oil profits go?  How come banks are hurting?  How come the money is not here....

So, I will disagree that the money machine invests in american infrastructure.
No evidence of that I can see.  

quote:

ORIGINAL: Thadius

I just want to know if that 5% falls under the 250k cap, or are we talking about folks above that line. 

it is the last two tax brackets over like 150K( i think the next to the last is in there somewhere)  to unlimited or whatever.


Where that falls will affect those that aren't incorporated.  I agree there is a vast difference in the treatment of corporate and individual taxes, small business owners fall into both and occasionally only under the individual tax code.

Small business owners making 250K plus have enough jing they better look at subchapter S and LLCs right fuckin quick.

I would also add that the tax proposals aimed at dividends hit directly those that have money invested in various 401k plans and company retirement plans. 

I have a Roth, just for this reason....You people who did 401(k) (most co retirements are little different rulings, unless they speculate in hedge funds and EFTs and whatnot)  should be ashamed of yourselves.  Here is some money the government has some future attachment to, and you willingly went along like sheep, the greedy governments rob social security, and the future is now that the government wants a little of your bucks.............and you blink and act amazed that you just climbed out of a hole and didn't pay your taxes but let your government spend uncontrollably, and they are looking at this large pile of money just waiting to be robbed out there with a very strict accounting that you have to pay for?

ooooooooooows? the silly boy?  c'mon now, oooo's the silly boy?
privatizing social security?  Fuckin'  Ha Ha Ha!!!  That's a good joke, George.

Pickens, et al; robbing funded retirement plans look like tinkerbells compared to how your government (either way at some slice) is gonna strong arm you in the not so distant future. 

quote:

ORIGINAL: SilverMark

% vs. dollars

Exxon Posts Biggest Profit in U.S. History By Russell Gold Word Count: 657  |  Companies Featured in This Article: Exxon Mobil, Chevron
Exxon Mobil Corp. posted the largest annual profit in U.S. corporate history, reporting 2007 net income of $40.61 billion, fattened by soaring oil prices. The company beat its own record of $39.5 billion set in 2006.
Just so you understand the value of their 9.1%

quote:

ORIGINAL: Thadius

quote:

ORIGINAL: popeye1250


This also does not include the Obama World Poverty Act, which requires an addtional $845 BILLION in spending to go to the UN.  It is S.2433 and mandates 0.7% of the US GNP, along with a bunch of other fun stuff.  Take a look if you get a chance.

My simple question is, how are these things going to be paid for, as it is obvious that taxing the "wealthy" is not going to cover it?

The Obama World Poverty Act?
He wants to give the "U.N." $845 Billion "MORE" of *our money?*
The "poor" are getting very little of the "foreign aid" money now, it's eaten up by corporations, lobbyists and lawyers.
What about "The Poor" in this country?
And, many Americans want OUT of the "U.N." not to give them another dime of our money!
See? I've been saying that Obama is a *Global Socialist* and this proves it!
But what do people expect from the most Leftist senator in Washington?
It's not the job description of U.S. Taxpayers to "decrease poverty" in "the world!"
We need to END all this "foreign aid" nonsense once and for all!
The NY Times in 1999 I believe said that ,"under the Clinton Administration the "U.N." has ammassed a $30B "pension fund."
Does that mean that U.S. Taxpayers are paying for the PENSIONS of foreign "diplomats?
"Cum-bay-ah,.....Cum-bay-ah!"

Afternoon Popeye,

Is this the first you have heard about it?  It makes for interesting reading, and I recommend that everybdoy do a search and read it.

It might actually make some a bit happier, as it also allows the UN to decide what small arms are capable of being manufactured and sold here in the US.

http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/
http://obama.senate.gov/press/071211-obama_hagel_can/

quote:

"In addition to seeking to eradicate poverty, that declaration commits nations to banning 'small arms and light weapons' and ratifying a series of treaties, including the International Criminal Court Treaty, the Kyoto Protocol (global warming treaty), the Convention on Biological Diversity, the Convention on the Elimination of All Forms of Discrimination Against Women, and the Convention on the Rights of the Child," he wrote.

I will let folks do their own research on this one, form your own opinions, and choose to embrace, ignore, or oppose it.

quote:

ORIGINAL: SilverMark

% vs. dollars

Exxon Posts Biggest Profit in U.S. History By Russell Gold Word Count: 657  |  Companies Featured in This Article: Exxon Mobil, Chevron
Exxon Mobil Corp. posted the largest annual profit in U.S. corporate history, reporting 2007 net income of $40.61 billion, fattened by soaring oil prices. The company beat its own record of $39.5 billion set in 2006.
Just so you understand the value of their 9.1%

quote:

ORIGINAL: NumberSix

Well, we know it didnt go into upgrading distillerys or whatever you call them, it didnt go into fixing the fuck up in Alaska, far as I know most of our oil is imported so no, it didnt go there domestically, many of the subsidiary functions are overseas, so no again........

So nowhere near what you think, and they plunged alot of the money back into their own stock, so it didn't hit any real eat and drink and pay the babysitter, and toss a little gas in the car places.

Now, I don't know what the CEO does, whether he buys ice sculptures of little boys pissing in the champagne fountain for his wifes birthday, or a 10,000 dollar elephant foot umbrella stand, ala Ken Lay, but I didnt see any wave of money cross the threshold.


How many fur lined toilets does a guy need, anyway? 

quote:

ORIGINAL: SilverWulf

quote:

ORIGINAL: SilverMark

% vs. dollars

Exxon Posts Biggest Profit in U.S. History By Russell Gold Word Count: 657  |  Companies Featured in This Article: Exxon Mobil, Chevron
Exxon Mobil Corp. posted the largest annual profit in U.S. corporate history, reporting 2007 net income of $40.61 billion, fattened by soaring oil prices. The company beat its own record of $39.5 billion set in 2006.
Just so you understand the value of their 9.1%

Just because a company has a massive cash flow does not mean they are having 'windfall profits'.

As I pointed out in an earlier post, there are a number of other companies who make a far higher profit margin than the oil companies, yet we aren't hearing about additional taxes on their profits now are we.

Listing gross profit numbers is misleading and a tactic to garner a knee jerk reaction in those who only listen to sound bites. (most of the country, unfortunately)

quote:

HOUSTON--(BUSINESS WIRE1)--ExxonMobil Chemical today announced the start-up of a manufacturing facility at its existing site in Pensacola, Fla., that provides new capacity for the production of a revolutionary new tire material technology that can improve vehicle fuel efficiency.
“Tire inner liners made with the new material, Exxcore™ dynamically vulcanized alloy (DVA), achieve leading-edge air retention with less material. This reduces air loss between fillings and helps conserve energy and resources for future generations,” said Art Sullivan, vice president, ExxonMobil Chemical Butyl Polymers Business.
Specifically, Exxcore™ DVA enables better fuel economy from significantly improved tire inflation pressure retention (IPR). IPR is a measure of tire air pressure loss over time. Improved air retention means reduced rolling resistance, resulting in improved fuel economy.
If all vehicle tires on the road in the U.S. had an IPR of 1.5 percent, it would represent a significant potential annual fuel savings of over 700 million gallons and a reduction in greenhouse gases of over 6 million tons per year, equivalent to taking over a million cars off the road.

quote:

ORIGINAL: Thadius

Or invests in things like http://www.businesswire.com/portal/site/exxonmobil/index.jsp?ndmViewId=news_view&ndmConfigId=1001106&newsId=20080827005059&newsLang=en

quote:

HOUSTON--(BUSINESS WIRE1)--ExxonMobil Chemical today announced the start-up of a manufacturing facility at its existing site in Pensacola, Fla., that provides new capacity for the production of a revolutionary new tire material technology that can improve vehicle fuel efficiency.
“Tire inner liners made with the new material, Exxcore™ dynamically vulcanized alloy (DVA), achieve leading-edge air retention with less material. This reduces air loss between fillings and helps conserve energy and resources for future generations,” said Art Sullivan, vice president, ExxonMobil Chemical Butyl Polymers Business.
Specifically, Exxcore™ DVA enables better fuel economy from significantly improved tire inflation pressure retention (IPR). IPR is a measure of tire air pressure loss over time. Improved air retention means reduced rolling resistance, resulting in improved fuel economy.
If all vehicle tires on the road in the U.S. had an IPR of 1.5 percent, it would represent a significant potential annual fuel savings of over 700 million gallons and a reduction in greenhouse gases of over 6 million tons per year, equivalent to taking over a million cars off the road.