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Posted: 1/17/2015 3:16:28 PM EST
[Last Edit: 1/17/2015 3:17:10 PM EST by midcap]
I ran across a local news paper article regarding Louisiana receiving the 7th most S.N.A.P. benefits in the country per capita. One guy posted how food stamps are ok but how he hates it when people abuse the system. That's completely understandable. Then a completely misinformed asshat post some ridiculously vauge article saying how oil field companies receive federal government subsidies, complete with out citations or references to these claims. So, here is a Forbes article that explains and lays out how the so called subsidies work and what they are. They also explain what "subsidies" apply to other industries. It's an old article but still relevant.

forbes article
Link Posted: 1/17/2015 3:23:45 PM EST
Instructive. Most businesses "get" to keep some of their own money just like the oil companies. For various reasons to encourage

behaviors via the tax laws.

Link Posted: 1/17/2015 3:25:33 PM EST
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Originally Posted By Staggunner:
Instructive. Most businesses "get" to keep some of their own money just like the oil companies. For various reasons to encourage

behaviors via the tax laws.

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Tax breaks for doing what the government wants is just a soft form socialism.
Link Posted: 1/17/2015 3:31:49 PM EST
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Originally Posted By bob1946:


Tax breaks for doing what the government wants is just a soft form socialism.
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Originally Posted By bob1946:
Originally Posted By Staggunner:
Instructive. Most businesses "get" to keep some of their own money just like the oil companies. For various reasons to encourage

behaviors via the tax laws.



Tax breaks for doing what the government wants is just a soft form socialism.


So the government wanting to keep jobs in the US and encourage production here is soft socialism?

Isn't this the same thing the states do when they offer no income tax or a lower corporate tax rates than other states?
Link Posted: 1/17/2015 3:31:54 PM EST
[Last Edit: 1/17/2015 3:33:24 PM EST by Staggunner]
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Originally Posted By bob1946:


Tax breaks for doing what the government wants is just a soft form socialism.
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Originally Posted By bob1946:
Originally Posted By Staggunner:
Instructive. Most businesses "get" to keep some of their own money just like the oil companies. For various reasons to encourage

behaviors via the tax laws.



Tax breaks for doing what the government wants is just a soft form socialism.




Correct. The government gets more intrusive and powerful at every turn. Semantics, though, is a tax deduction a subsidy?


Link Posted: 1/17/2015 3:34:50 PM EST
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Originally Posted By Staggunner:




Correct. The government gets more intrusive and powerful at every turn. Semantics, though, is a tax deduction and subsidy?


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Originally Posted By Staggunner:
Originally Posted By bob1946:
Originally Posted By Staggunner:
Instructive. Most businesses "get" to keep some of their own money just like the oil companies. For various reasons to encourage

behaviors via the tax laws.



Tax breaks for doing what the government wants is just a soft form socialism.




Correct. The government gets more intrusive and powerful at every turn. Semantics, though, is a tax deduction and subsidy?




That's one main difference between the two forms of government, one forces you to do something the other tries to lure you to do somthing with tax breaks.
Link Posted: 1/17/2015 8:28:41 PM EST
What we need is the profit margin of an oil company and how much in taxes
the .gov makes all the way from the oil lease to when you pump it into your car.
Link Posted: 1/17/2015 9:54:10 PM EST
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Originally Posted By passgas55:
What we need is the profit margin of an oil company and how much in taxes
the .gov makes all the way from the oil lease to when you pump it into your car.
View Quote


I need to suscribe to your news letter, those lease prices BESE gets are in the millions per lease, then fuel tax then corp income tax on those earnings of the oil companies. What's so damn funny is that the oil companies pay higher wages than most other industries on average. Just look at any oil company's EBITA, Depreciation is a non cash expense, so you wouldn't subtract it to make a fair comparison.

Link Posted: 1/17/2015 10:08:43 PM EST
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Originally Posted By midcap:


I need to suscribe to your news letter, those lease prices BESE gets are in the millions per lease, then fuel tax then corp income tax on those earnings of the oil companies. What's so damn funny is that the oil companies pay higher wages than most other industries on average. Just look at any oil company's EBITA, Depreciation is a non cash expense, so you wouldn't subtract it to make a fair comparison.

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Originally Posted By midcap:
Originally Posted By passgas55:
What we need is the profit margin of an oil company and how much in taxes
the .gov makes all the way from the oil lease to when you pump it into your car.


I need to suscribe to your news letter, those lease prices BESE gets are in the millions per lease, then fuel tax then corp income tax on those earnings of the oil companies. What's so damn funny is that the oil companies pay higher wages than most other industries on average. Just look at any oil company's EBITA, Depreciation is a non cash expense, so you wouldn't subtract it to make a fair comparison.



I retired from a major oil company.
Link Posted: 1/17/2015 10:16:17 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By passgas55:
What we need is the profit margin of an oil company and how much in taxes
the .gov makes all the way from the oil lease to when you pump it into your car.
View Quote



So there are some intelligent people on ARFcom.
Link Posted: 1/17/2015 11:53:07 PM EST
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Originally Posted By passgas55:


I retired from a major oil company.
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Discussion ForumsJump to Quoted PostQuote History
Originally Posted By passgas55:
Originally Posted By midcap:
Originally Posted By passgas55:
What we need is the profit margin of an oil company and how much in taxes
the .gov makes all the way from the oil lease to when you pump it into your car.


I need to suscribe to your news letter, those lease prices BESE gets are in the millions per lease, then fuel tax then corp income tax on those earnings of the oil companies. What's so damn funny is that the oil companies pay higher wages than most other industries on average. Just look at any oil company's EBITA, Depreciation is a non cash expense, so you wouldn't subtract it to make a fair comparison.



I retired from a major oil company.


Username is fitting, not one of then big boys in the GOM?
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