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Originally Posted by shah269
And I'm saying they are getting on hell of a tax break.
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The corporations of individuals with the highest 1% of income contribute about 30% of the money into the income tax pool. The highest 20% of income earners contribute approximately 70% to the income tax pool.
Exxon, as a corporation is treated the same as an individual. And you can bet they're part of the 1 percent that contributes about 30% of the entire income tax pool that our government receives. They are not getting a tax break by anybody. They're paying in the highest percentage of the income tax bracket. They are one of the highest contributors in our entire country to newer technologies.
Quote:
Originally Posted by shah269
Especially since the past two quarters over all consumption of gas has been lower.
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Fuel consumption has been lower but not significantly. Overall money spent on fuel has been higher since we have been at the highest crude oil and gas prices.