Exxon Mobile shows a profit even after a 3.4 billion hit from a Russia charge off.
Guess the inflation isn't affecting them so much.
Guess the inflation isn't affecting them so much.
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Chevron profits quadruple in first quarter
- Thread starter Veer2Eternity
- Start date
You do understand that companies must make a profit to stay in business I hope.
What???
ExonMobil is plowing record profits back to shareholders (read that as millions of people who have ExonMobil stock in their 401K plan if they are smart)
How is that not trickle down economics?? Corporate profits go to the ownership, that's kind of how business works.
Normally Exon invests more cash into capital projects than they do into stock dividends and buybacks, but since the Biden administration has made it policy to do away with the oil and gas sector it would be kind of stupid to put capital into a dying industry dont you think??
Steer, are you of the belief the government should regulate oil and gas prices?
RC Cola I am not.
I do, however, think that to place all this 'inflation' in gas prices at the feet of a pipeline that never ever never would have seen a drop of oil is, well, dumb. As many trumpers are apt to do: Blame Joe Biden.
It's not a coincidence these oil companies are making massive profits in this time of 'inflation'.
They did this.
Not to mention the oil that might someday flow through that pipeline will come from Canada. How does that help OUR energy independence?
84% of all stock in the US is owned by the Top 10% of the wealthy. The rich are getting richer even in today's economy!!
Supply and Demand...it's how the market works. I'm being gouged by Big Cereal as well, and Big Soda Pop to boot.
It's not called being gouged it's called making profit for your investors and stake holders.
Why do you expect a Product to be priced at below market value?
Biden's Adversarial Policies are to blame. It is his fault. Not complicated. Go after the energy sector that Drives our Modern Civilization and Economy and this is what will happen and should happen.
Why does this bother you? Buy more Stock then...get your friends and relatives to not go on vacation or pick up that Big Screen TV and purchase stock. Anyone and everyone can buy stock. Or choose not to. Do you want the Feds to give you free stock now in companies?
I didn't say it bothered me, it's been that way all my life. Just stating facts. It bothers me when they don;t pay their fair share of taxes.
Bed pan Bobby is going to strike it rich some day. He wants them taxes low. Poor people are too lazy to call their brokers.
What is their Fair Share? I hear that all the time but the Rich pay a lot of taxes. Could they pay more? Sure. But Why do you assume that they don't pay their fair share when they pay more than we do combined! What would you consider a fair share? 50% 60% or More?? They pay at a 38-39% rate now and that is incredibly to high in my opinion.
And again Toots got nothing so he lowers himself to grade school name calling to make himself feel a bit better inside.
I won't need tax dollars to be just fine. And on the outside chance I would...I paid in Plenty. The poor pays in nothing and only steals and steals from the taxpayer!!!
You simply can't get away from that fact.....you spend your time hating on the Rich who pays the majority of the Freight tax wise and Provides Jobs and economic prosperity to the working citizens. All the while the Poor who you idolize steals, abuses and takes from the taxpaying citizen while providing nothing for society. I cannot begin to wrap my head around how much indoctrination it takes to get to that point but it really works on the leftwingers...
Show me a millionaire or billionaire that actually pays 38 or 39% in taxes. That's only a number on the books they can claim they have to pay but NONE of them ever pay that much and some pay nothing! The 10 or 12% I end up paying is a larger percentage of my total household income than what those folks pay.
The richest 25 Americans pay little or no income tax!! There is something wrong with that system of taxation.
My extremely wealthy friend recently told me he writes off $70K-$80K per year as business entertainment expenses. Golf trips, fishing trips, tickets to ball games, every meal at a restaurant - I've been on a couple of his trips with 8 or 10 of his buddies, all first class, all expense paid - and doesn't pay a cent of taxes on that income. He said his accountant and lawyer save him unimaginable amounts of money on taxes.
www.nytimes.com
My extremely wealthy friend recently told me he writes off $70K-$80K per year as business entertainment expenses. Golf trips, fishing trips, tickets to ball games, every meal at a restaurant - I've been on a couple of his trips with 8 or 10 of his buddies, all first class, all expense paid - and doesn't pay a cent of taxes on that income. He said his accountant and lawyer save him unimaginable amounts of money on taxes.
Wealthiest Executives Paid Little to Nothing in Federal Income Taxes, Report Says (Published 2021)
An analysis by ProPublica based on I.R.S. documents showed billionaires like Jeff Bezos and Elon Musk benefited from tax code loopholes and a focus on taxing income over wealth.
Show me the data where the don't pay that much.....sure Left wing economist try to make up lies and the MSM runs with it saying they only pay around 8% but that is dubious and a falsehood ....I'm sure you believe it though.
I was in error it is 31.8%-31.9% for the top people but still that's a huge portion of income.
Here is the actual data from Govt. numbers and then it will explain the falsehoods of how Lefties want to game the numbers.....So again what rate do you want to tax the rich at? Do you want to make people pay for gains in stocks and assets they haven't cashed in yet?
The richest 25 Americans pay little or no income tax!! There is something wrong with that system of taxation.
My extremely wealthy friend recently told me he writes off $70K-$80K per year as business entertainment expenses. Golf trips, fishing trips, tickets to ball games, every meal at a restaurant - I've been on a couple of his trips with 8 or 10 of his buddies, all first class, all expense paid - and doesn't pay a cent of taxes on that income. He said his accountant and lawyer save him unimaginable amounts of money on taxes.
Wealthiest Executives Paid Little to Nothing in Federal Income Taxes, Report Says (Published 2021)
An analysis by ProPublica based on I.R.S. documents showed billionaires like Jeff Bezos and Elon Musk benefited from tax code loopholes and a focus on taxing income over wealth.
Eat up the Leftwing skewing of data if you want.
So why wouldn't they save him money on business and entertainment expenses. That is why they have those provisions built in to make that stuff tax free to benefit business.
Yep, taking buddies on fishing trips sure benefits his business.
Continue dismissing facts contrary to your right wing agenda.
Don't forget gas prices were climbing under Trump's last yr due to covid (and remember the grounded oil tanker in the canal incident). National gas price ave was $2.79 when Biden took office. Covid has driven the price up, and then Russia cutting off much of eastern Europe.
Yes, Big Oil is reacting to Biden's commitment to weaning the US off fossil fuels and Big Oil's tit. The US's $$$ commitment to green fuel sources is $$$ out of Big Oil's pocket!!! Add in Russia cutting off supply to much of eastern Europe.
Prices are slowly dropping now and will continue to drop IF the Russian situation stabilizes. But if history repeats itself, the new "normal" for gas prices will never be as low as previously. Big Oil has gradually raised the "normal" price per gallon in increments for the past 20 yrs (minus the 5 years of cheap gas following OPEC dropping the bottom out in 2015). Something like $3/gal national ave will be the "norm", fortunately MO will be cheaper than national average. We'll settle in around $2.79 in about a year in MO.
I haven't seen any of those rich folks the MSM says don't pay any, or very little income tax come out and scream about them lying. Seems to me they would raise hell about that if you were right.
He is the one who is not following the policies....if he is breaking the tax code then turn him in if you feel he is engaged in a crime!! He is the criminal stop blaming the tax code and the fact your buddy uses this as a way to have pleasure and fun.
Four of Trump's golf courses are on "conservation easements" where the property owner can claim tax deductions for agreeing to not alter historic or environmentally sensitive areas.
"In all, Trump has used conservation easements at four of his properties to claim a total of $119.3 million in tax deductions. At two of these properties — Trump National Golf Club in Los Angeles and the Seven Springs estate in New York — the deductions are part of an investigation by the New York attorney general into whether Trump intentionally inflated the value of his conservation easements to maximize his tax deductions."
"In all, Trump has used conservation easements at four of his properties to claim a total of $119.3 million in tax deductions. At two of these properties — Trump National Golf Club in Los Angeles and the Seven Springs estate in New York — the deductions are part of an investigation by the New York attorney general into whether Trump intentionally inflated the value of his conservation easements to maximize his tax deductions."
trumpy paid 750 dollars in fed income tax in 2016 and 2017.
A poor old teacher like me paid a lot more than that.
But hey MemeGHS didn't see that on NYPost so it can't be true.
In a survey of 1,037 people in February, 81% of Democrats and 71% of Republicans said the CEOs of the largest American companies were paid "too much," according to poll sponsor Just Capital, a nonprofit focused on corporate stakeholder research.
They should pay what they owe and get rid of the loopholes.
There's a reason why GOP presidents run up the biggest deficits.
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