So why exactly are oil companys getting subsidies?

Discussion in 'Politics' started by ChkitOut, Aug 14, 2012.

  1. Now I don't know much about this topic nor do I know what exactly is meant by 'subsidy', but if exxon is the most valuable company in the world (next to apple) then... i don't get it.
  2. 377OHMS


    I'm not clear on that either. Ricter might know, he is in the energy business.
  3. I think of a subsidy as a direct cash payment. The only energy companies getting that are so-called green companies controlled by Obama supporters.

    Liberals call every tax benefit to an industry they dislike a subsidy.

  4. and thats why i question the word 'subsidy'

    i mean, GE didn't pay any taxes, romney paid 15% :cool: GM took money (about 30 billion), lisa down the street with 2 kids got money she never earned, apple has a ton of money over seas that isnt taxed, private equity = carried interest (is that a subsidy?)

    sooo, what i'm saying is, what the hell is a subsidy anyway?

    the tax code is so retarded you can't pick on any one entity that is paying a different rate, simplify it, then you can start making comparisons.