PHOENIX TRADING
Registered: Mar 2012
Posts: 6945 |
07-01-12 05:41 AM
Quote from mrbill:
I assume you're joking, but just in case:
Governments such as the United States government provide a heavy public subsidy to petroleum companies, with major tax breaks at virtually every stage of oil exploration and extraction, including for the costs of oil field leases and drilling equipment.[2]
http://en.wikipedia.org/wiki/Petroleum_industry
Same with Agriculture and Pharms.
I'm sorry one two lines from the ny times just doesn't cut it for me.
Of course big business has it crony capitalists bribing politicians for tax breaks and increased (wink wink nod nod ) regulation to impede competitors.
I think people who believe like you do are dependent upon ignorance concerning deduction of business operations. To you I suspect any penny of profit a company retains is probably seen as a missing penny of taxation that belongs to big brother.
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