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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (2000)	8/24/2008 10:45:30 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 86356

I hope you don't believe that supposed 10% profit margin....do you know what percentage of corporations pay income taxes??? Well JF.. that's a whole other discussion. Given that corporations pass on their tax burden to the consumers anyway, it's really the consumers who get double taxed.. by way of higher prices, as well as sales taxes. Sometimes I think the best way to tax is to just tax consumption directly. Maybe a National sales tax on all purchase and doing away with income taxes all together. cato.org But not a lot of political traction to support that at the moment.. ;0) Btw, according to this article XOM paid $30 Billion in taxes in 2007 (41% tax rate) seekingalpha.com Hawk