One Political Plaza - Home of politics
Home Active Topics Newest Pictures Search Login Register
Main
The tax cut is a $6 billion gift to Exxon
Page <<first <prev 3 of 4 next>
Feb 3, 2018 20:00:41   #
permafrost Loc: Minnesota
 
Larry the Legend wrote:
Nah. Markets go up, markets go down. That 660 point drop didn't even take me back to break-even territory. By the way, it was somewhat predictable... The trick is to see the crash coming and up stakes before the main event. I figure there's at least a couple of months left in this bull market. After that, well, just because you're paranoid doesn't mean they're not after you.





Good, it is nothing to sweat according to the guy who emails me about this stuff..

After 84 or more months of growth, every one should have a huge cushion.. As I have been told, "if you never had it in your hand, you never had it"

But every turn down always made me nervous..

Reply
Feb 3, 2018 20:14:39   #
Super Dave Loc: Realville, USA
 
permafrost wrote:
do you find it a giant leap to demand people just like me who pay taxes without being able to buy a congressman should therefore give remaining money to some charity??

If you feel that a corp gives opportunities to the working/middle class by offering a job. You are part right..

At the same time they dictate the terms for this job and work endlessly to oppose and fairness to the employees negotiation ability..

They will also do all in their power to limit the share of profit which goes to those employees..

How do I know?... first hand, I had only one traditional employee.. all the drivers, helpers. labor and loaders were signed contractors...
do you find it a giant leap to demand people just... (show quote)
I didn't demand you give squat. You're the one demanding other people give more, not me.

Of course the rich buy congressmen. The bigger the Government, the more power congressmen have to sell. And POTUSs.

GE under Immelt/Obama paid ZERO corporate taxes before tax reform. Who do you blame for that? Trump or Bush? Certainty not your GodKing Obama.

Yeah... Employers set the rules of employment... Duhhhh. I guess that means the burger flippers don't make the big decisions at McDonald's..

So, you used private contractors? Did you give them healthcare benefits? Paid maternity leave? Over time pay?

Or did you treat your employees like shit to maximize your profits?

Did you at least give them all of the benefits Wallmart employeed get?

Reply
Feb 3, 2018 20:40:33   #
permafrost Loc: Minnesota
 
Super Dave wrote:
I didn't demand you give squat. You're the one demanding other people give more, not me.

Of course the rich buy congressmen. The bigger the Government, the more power congressmen have to sell. And POTUSs.

GE under Immelt/Obama paid ZERO corporate taxes before tax reform. Who do you blame for that? Trump or Bush? Certainty not your GodKing Obama.

Yeah... Employers set the rules of employment... Duhhhh. I guess that means the burger flippers don't make the big decisions at McDonald's..

So, you used private contractors? Did you give them healthcare benefits? Paid maternity leave? Over time pay?

Or did you treat your employees like shit to maximize your profits?

Did you at least give them all of the benefits Wallmart employeed get?
I didn't demand you give squat. You're the one dem... (show quote)




My "employees" were subcontractors.. they made a deal with me. I offered them work, them decided if they wanted to accept of not.. it was up to them..

I make no demands on people.. I do get PO when they do not pay their taxes.. do you pay yours?? If you have the smallest aamount of love for country, you sure as heck should do so..

So, you agree with me.. GE a huge company paid no corporate tax before the tax gift from trump.. what will they do now?? get a refund of the amount they did not pay??

Now I will ask one more time.. the middle class lost all the exemptions (loopholes) they had in the old tax program. now they have none..

did the loopholes for corporations also get removed? Or with the lower tax they also still have the loopholes???

Reply
 
 
Feb 3, 2018 20:43:32   #
Larry the Legend Loc: Not hiding in Milton
 
permafrost wrote:
Good, it is nothing to sweat according to the guy who emails me about this stuff..

After 84 or more months of growth, every one should have a huge cushion.. As I have been told, "if you never had it in your hand, you never had it"

But every turn down always made me nervous..


If you're not comfortable with your investments, you're in the wrong game. I don't lose any sleep over whether it'll still be there tomorrow because I accept the possibility. Pretty much like the inevitability of death. It's going to happen - sometime. I have no idea when that 'sometime' may be; tomorrow? 30 years from now? 2 seconds after I post this? Meh, it comes when it's ready. At least I have a chance of seeing a downturn coming and making arrangements to limit my losses...

Reply
Feb 3, 2018 20:58:44   #
permafrost Loc: Minnesota
 
Larry the Legend wrote:
If you're not comfortable with your investments, you're in the wrong game. I don't lose any sleep over whether it'll still be there tomorrow because I accept the possibility. Pretty much like the inevitability of death. It's going to happen - sometime. I have no idea when that 'sometime' may be; tomorrow? 30 years from now? 2 seconds after I post this? Meh, it comes when it's ready. At least I have a chance of seeing a downturn coming and making arrangements to limit my losses...




I am not uncomfortable with the investments i have.. But I would be uncomfortable if I was grabbing the cart and going for a ride..

I would wake in the night to check any last minute change.. I know because done it before..

Now I am for the calm and quite of the old fossil..

Reply
Feb 3, 2018 21:11:17   #
Super Dave Loc: Realville, USA
 
permafrost wrote:
My "employees" were subcontractors.. they made a deal with me. I offered them work, them decided if they wanted to accept of not.. it was up to them..

I make no demands on people.. I do get PO when they do not pay their taxes.. do you pay yours?? If you have the smallest aamount of love for country, you sure as heck should do so..

So, you agree with me.. GE a huge company paid no corporate tax before the tax gift from trump.. what will they do now?? get a refund of the amount they did not pay??

Now I will ask one more time.. the middle class lost all the exemptions (loopholes) they had in the old tax program. now they have none..

did the loopholes for corporations also get removed? Or with the lower tax they also still have the loopholes???
My "employees" were subcontractors.. the... (show quote)
So you used loopholes to avoid paying your employees benefits so that you could get richer.

I got it... You're a hypocrite like most Democrats.

You're ok with mandating other companies treat their employees a certain way, as long as you can avoid it.

Actually, GE, even when Immeld had Obama in his pocket, paid his employees healthcare benefits, overtime, maternity leave, and other expenses you refused to pay yours.

You Progs are just like vampires... You never see yourself in the mirror.

Reply
Feb 3, 2018 22:31:18   #
teabag09
 
So much bad karma dude. Mike
permafrost wrote:
I should point out that the proposed spending by Exxon is not an increase but a match for the same time period of past years.

Only change is the gift of 6 billion dollars...

http://money.cnn.com/2018/02/02/investing/exxon-earnings-tax-law-oil/index.html

ExxonMobil scored a massive gain from the Republican tax overhaul.
The tax windfall helped Exxon's (XOM) net profits surge fivefold, the world's largest publicly traded oil company said on Friday.

Excluding the tax bonanza, Exxon's results left Wall Street wanting more. Adjusted earnings unexpectedly declined and revenue missed the mark by a wide margin. Exxon shares slumped about 5%.

Powered by SmartAsset.com

SMARTASSET.COM
One problem: Exxon isn't pumping as much oil as it used to following years of budget cuts forced by the crash in crude prices. The company's overall production dropped 3% in 2017.

Exxon said the federal tax law enacted by President Trump in December gave the company a non-cash earnings gain of $5.9 billion. That's because the corporate tax rate has been lowered from 35% to 21%. Like other companies, the reduced rate allowed Exxon to write down the amount of money it owed Uncle Sam in the future, known as deferred income taxes.

Exxon was not hurt by the part of the tax law that forced companies to bring foreign profits back to the United States. The company said it generally paid taxes on these overseas profits at around 35% anyway, allowing it to avoid a repatriation tax hit.

Related: America does export energy. It imports a lot more

CEO Darren Woods said the tax overhaul "strengthens our commitment to further grow our business" in the United States.

Exxon promised this week to invest more than $50 billion in the U.S. over the next five years, a move that the company said will create "thousands of jobs" and boost the economy.

Specifically, Exxon said it plans to invest "billions of dollars to increase oil production in the Permian Basin" of West Texas and New Mexico, expand existing operations, enhance infrastructure and build new manufacturing sites.

Woods said the investment is "supported by the improved business climate created by tax reform."

However, Exxon did not indicate whether its $50 billion U.S. investment target represents an increase from its previous plan.

Consider that the five-year goal mirrors the roughly $50 billion Exxon spent in the United States between 2012 and 2016, according to filings.

That's because pumping oil and natural gas can be extremely expensive, forcing major companies to spend heavily just to keep their output steady.

Exxon had been expected to shift its resources back to America after the energy company was late to the U.S. shale oil boom because it focused on overseas projects instead.

Exxon said it wants to triple production in the fast-growing Permian Basin shale oil field.
I should point out that the proposed spending by E... (show quote)

Reply
 
 
Feb 3, 2018 23:03:05   #
teabag09
 
You used sub-contractors which means you neither paid health care nor with held taxes of which you would have had to match SS. Aren't you the sly fox. Sir, I worked under that system for quite a few years and you and those like you are the lowest of the low. From here on out I'm going to personally attack almost everything you have to say. You Sir are a total fraud and need to go Hades when you die. Mike
permafrost wrote:
My "employees" were subcontractors.. they made a deal with me. I offered them work, them decided if they wanted to accept of not.. it was up to them..

I make no demands on people.. I do get PO when they do not pay their taxes.. do you pay yours?? If you have the smallest aamount of love for country, you sure as heck should do so..

So, you agree with me.. GE a huge company paid no corporate tax before the tax gift from trump.. what will they do now?? get a refund of the amount they did not pay??

Now I will ask one more time.. the middle class lost all the exemptions (loopholes) they had in the old tax program. now they have none..

did the loopholes for corporations also get removed? Or with the lower tax they also still have the loopholes???
My "employees" were subcontractors.. the... (show quote)

Reply
Feb 3, 2018 23:18:08   #
Super Dave Loc: Realville, USA
 
teabag09 wrote:
You used sub-contractors which means you neither paid health care nor with held taxes of which you would have had to match SS. Aren't you the sly fox. Sir, I worked under that system for quite a few years and you and those like you are the lowest of the low. From here on out I'm going to personally attack almost everything you have to say. You Sir are a total fraud and need to go Hades when you die. Mike

I'm sure he'll have some pictures from his hate-sites to post instead of an apology for being a hypocrite.

Reply
Feb 4, 2018 10:38:55   #
permafrost Loc: Minnesota
 
Super Dave wrote:
So you used loopholes to avoid paying your employees benefits so that you could get richer.

I got it... You're a hypocrite like most Democrats.

You're ok with mandating other companies treat their employees a certain way, as long as you can avoid it.

Actually, GE, even when Immeld had Obama in his pocket, paid his employees healthcare benefits, overtime, maternity leave, and other expenses you refused to pay yours.

You Progs are just like vampires... You never see yourself in the mirror.
So you used loopholes to avoid paying your employe... (show quote)




and once more you pretend to miss the point>>

These people all worked with me because they wanted to, not because they had to..

They were free to accept the work I offered or decline it.. If they did, they could get another offer and accept of reject that offer..

all of them were hard working, independent people who had greater things in mind then simply working on a time clock..

They were paid well, had a great deal of flexibility and independence..

They also selected time off and days when the were available..

2 of them were unavailable for 2 full weeks every deer season..

They also interchanged days and trucks as they wished among themselves.

So, I did not assign them to this or that unit or delivery, boom work or hand carry wall board.. they worked it out within the conditions they knew were needed and they did it very well.


If a person is a traditional employee, they are required to do what the employer tells them to, the days and hours as he tells them and if they should refuse, they can not expect another day of work.

Reply
Feb 4, 2018 10:47:15   #
permafrost Loc: Minnesota
 
teabag09 wrote:
You used sub-contractors which means you neither paid health care nor with held taxes of which you would have had to match SS. Aren't you the sly fox. Sir, I worked under that system for quite a few years and you and those like you are the lowest of the low. From here on out I'm going to personally attack almost everything you have to say. You Sir are a total fraud and need to go Hades when you die. Mike



The people I used were quite happy with the arrangement.. They were not in dire need of work, it was a good opportunity which matched what they were looking for.. None of them left due to pay issues..

I did have some I could not keep. Even when they were told well before day one about the hours and spent a day or two with me getting the hang of the work..

Some thought they would do nothing but run a boom truck, which must be very easy, (it is not).. when they discovered that a long day was required and disclose.. when the showed up at 5 am and at the end of the

Day at 10pm or later.. They elected not to return..

But I had 2 brothers who were with me from the first season and worked all the details out between them to fully work the 7 day week..

I had Lot of very good people..

Reply
 
 
Feb 4, 2018 10:48:41   #
permafrost Loc: Minnesota
 
Super Dave wrote:
I'm sure he'll have some pictures from his hate-sites to post instead of an apology for being a hypocrite.




I have no hate site photos.. I stay away from Fox, Brietbart, and sites like them..

Reply
Feb 4, 2018 12:10:02   #
Super Dave Loc: Realville, USA
 
permafrost wrote:
and once more you pretend to miss the point>>

These people all worked with me because they wanted to, not because they had to..

They were free to accept the work I offered or decline it.. If they did, they could get another offer and accept of reject that offer..

all of them were hard working, independent people who had greater things in mind then simply working on a time clock..

They were paid well, had a great deal of flexibility and independence..

They also selected time off and days when the were available..

2 of them were unavailable for 2 full weeks every deer season..

They also interchanged days and trucks as they wished among themselves.

So, I did not assign them to this or that unit or delivery, boom work or hand carry wall board.. they worked it out within the conditions they knew were needed and they did it very well.


If a person is a traditional employee, they are required to do what the employer tells them to, the days and hours as he tells them and if they should refuse, they can not expect another day of work.
and once more you pretend to miss the point>>... (show quote)
No. I get the point exactly.

You support Democrats that continually mandate that employers give tons of benefits and don't allow them to treat their employees like you did.

You treat your employees like shit to increase your wealth while supporting laws that force others not to.

Hypocricy is easy for you, isn't it?

Reply
Feb 4, 2018 12:21:13   #
permafrost Loc: Minnesota
 
Super Dave wrote:
No. I get the point exactly.

You support Democrats that continually mandate that employers give tons of benefits and don't allow them to treat their employees like you did.

You treat your employees like shit to increase your wealth while supporting laws that force others not to.

Hypocricy is easy for you, isn't it?




It is not Hypocrisy to allow people to choose what they wish to do and how and when to do it..

And Yes, those corporations which desire people to dedicate their lives to furthering the corporate welfare rather then their own lives, should indeed have to pay a living wage and include perks which are needed.

It should not be the govt role to keep corporate labor cost as low as possible..

and FYI, this sub contacting method is very popular among the republicans and is growing to the point that it has become an oppression. Very much so in the trucking industry.. Look it up...

Reply
Feb 4, 2018 14:08:10   #
Super Dave Loc: Realville, USA
 
permafrost wrote:
It is not Hypocrisy to allow people to choose what they wish to do and how and when to do it..

And Yes, those corporations which desire people to dedicate their lives to furthering the corporate welfare rather then their own lives, should indeed have to pay a living wage and include perks which are needed.

It should not be the govt role to keep corporate labor cost as low as possible..

and FYI, this sub contacting method is very popular among the republicans and is growing to the point that it has become an oppression. Very much so in the trucking industry.. Look it up...
It is not Hypocrisy to allow people to choose what... (show quote)
Dumbskittle... All of these mandates stop employees from choosing not to accept them. That's the point..

Would you be ok with Walmart and McDonald's allowing employees to choose to work for $5.00/ hr?

When did you start opposing Obamacare, that was based on employer mandates and personal mandates?

Reply
Page <<first <prev 3 of 4 next>
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main
OnePoliticalPlaza.com - Forum
Copyright 2012-2024 IDF International Technologies, Inc.