Every company is, or should be, operated to maximize the profits of the owners. That is what induces people to invest in companies.
No company pays taxes. Yes, I said that no company pays taxes.
A company merely adds the taxes to the price it charges its customers for the products it sells. If you raise the taxes that Exxon, or any other company pays, they will pass it on to the consumer in higher gasoline and diesel fuel prices. The government forces companies to be tax collectors. If a company cannot raise prices enough to pay the taxes, it goes out of business.
The customers, that is you and me, the end product consumers, pay all the taxes. It has always been that way, it will always be that way.
Why is it that some people don't understand that?
Instead of posting nonsense on internet forums, why not spend your time and energy urging your Congressmen and Senators to spend less money?
Entitlements are now more than 50% of the federal budget. Way more than any other expense, including defense. Yet polititians get elected by promising more and more entitlements to more and more people. How can that be? Think about it.
Sure, raise taxes on Exxon. Then wonder why gas prices go up.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
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