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Tractor Talk Discussion Board

A Lack Of Understanding


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Posted by Dick L on April 03, 2008 at 11:18:07 from (72.11.21.10):

In Reply to: O/T Why Exxon won't produce more oil posted by Nancy Howell on April 03, 2008 at 08:17:06:

Those that believe and think that the oil companies have unfair tax breaks simply do not understand that companies do not (pay taxes). Companies to stay in a profit condition just collect the imposed so called taxes by adding it to the product they are selling, (add a coupla percent for handling the money), and the consumer pays the tax when purchasing the product. Any one that does not believe this is just nieve and have been sold the share in the wealth without earning it stuff. Taxing companies makes products cost more and does not reduce profits. Those taxes are called hidden taxes that are designed by politicians fool the consumer. Those hidden taxes are what helps keep our companys looking to other contries to stay competive. Ohio has imposed a tax on companys that is not linked to profit. You can be in the red and still have to pay that tax.


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