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How People (Rich vs. Poor) Spend Money

#12
(This post was last modified: 06-09-2016, 09:48 AM by jtmoney.)

Quote:Are you suggesting that if a corporation like Exxon was given lower taxes that they would pass the savings on to the consumer?
Interesting information: "ExxonMobil had a three-year federal income tax rate of just 15 percent. This gave the company a tax subsidy worth $6.2 billion from 2010-2012. It had $43 billion in offshore profits at the end of 2012, on which it paid no US taxes" - May 29, 2014


If he is saying that then he is looney. 6.2 billion tax subsidy. I think they already have a tax cut. If they cut more taxes on them it would just mean they make more money. Exxon isn't a charity. They are only going to pay what you make them pay.

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Messages In This Thread
How People (Rich vs. Poor) Spend Money - by Ringo - 06-09-2016, 08:40 AM
How People (Rich vs. Poor) Spend Money - by jtmoney - 06-09-2016, 09:47 AM
How People (Rich vs. Poor) Spend Money - by rfc17 - 06-12-2016, 10:49 PM



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