reply to post by David9176
Actually oil companies pay an enormous amount of taxes. How they pay that is what you see at the pump.
Oil company taxation is a shell game, the oil companies serve as another tax collection arm of the government and those taxes affect the poor much
more than the rich.
The government needs to stop the tax breaks and credits for companies that employ overseas workers but take advantage of the U.S. markets ((like GE).
American businesses pays up the a$$ in taxes. Why a mom-and-pop start-up has to pay more in taxes than GE is beyond me but it does imply that someone
is out to screw us.
There is no need for shared sacrifice, there is need for equal protection under the law. If GE gets to get away with having to pay anything, every
other business (from mom and pop start-ups to oil companies) should not have to pay anything either.
Why should a shareholder for Disney have to worry about Disney's tax burden as well as their own income tax while GE shareholders don't get that
double taxation? Is it because Disney employs people in Burbank, Ca while GE employs people in China? Sure seems so....