actually to put things into perspective Exxon Mobile made 10% on the revenues.
10 freakin percent. There is no guaging, price fixing etc. Just liberal spin to tax success

This is not spin liberal or otherwise it is sraight from the executives themselves. They raised prices. I do not have a problem with it. I think it will be good for America. I do not care if they take a 30% profit. I do think they should pay fair taxes like the rest of us to help our growing deficit but that is different than the prices they charge.

Fair taxes? You mean they should pay more taxes because they make more money? Their money is worth more or something?

The oil companies make 20 cents per gallon of gas in profit. The government makes 40 cents. Twice as much as the oil companies and the government should get even more? That, good sir, is a crock.

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Liberal-a person who has his cake, eats his cake, and complains that other people don't have cake, and believes that you should donate your cake to them

Thats right, corporations that make money should pay a large amount of tax. Here's just one reason, they operate from a nation that protects them and their assets. When setting up a corporation for profit, it's understood that the tax base will be greater than for individuals. Corporations also get special tax treatment not allowed to the average taxpayer. There are several reasons why corporations pay high taxes. It has nothing to do with making more money or what their money is worth "although it is based on profits and loses". The corporate tax code can be found at the IRS website, where one can get lost in the mass of rules and regulations that apply to corporations.

The government generally gives tax breaks to corporations when it wants something or needs to change the flow of the economy. A corporation is not a straw man. However, an individual IS a straw man. A google or yahoo search should return what a straw man is and why he's a part of the tax code. It's quiet interesting and will arm you in the furture of just why corporations are expected to pay a higher tax.

Hey Scooby, a what price per gallon does an oil company make .20 per gallon?

$1, $2, or $3.

You factor in the price of oil, the higher price of refining it, the taxes and they make about .20 no matter what the price. I owned a gas station, a Phillips 66 until last month. I made .10 a gallon when I first bought it in 2003 and gas was 1.39 a gallon. When I sold it the price on my pumps was 2.86. My take. .10 a gallon.

I don't care if the oil companies were making .50 or .90 a gallon. One million times over I would preffer that they keep their money and the government not get it.

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Liberal-a person who has his cake, eats his cake, and complains that other people don't have cake, and believes that you should donate your cake to them

Well I'm pretty sure the taxes didn't go up by 2.00/gallon, and if the gas station owners don't get any extra. Where else could that 2.00 go? It is pretty obvious? I can't believe there is an apologist for the oil companies. You want to bitch about the governments .40/gallon tax. What happens with that tax? Roads maybe. Don't you like driving on a road when you go to the store?

"would preffer that they keep their money"

Our government leases mineral rights to oil companies who inturn drill and sometimes find oil. Our government enters into these leases representing the people of the United States of America. They combine with the oil companies to shaft us on terrible lease agreements from the peoples standpoint. Then the funny thing happens. At the same time there pulling in money hand over fist, our government decides to cut them some slack on the royalty payments. So while you would prefer them to "keep their money" I would prefer them to compensate us for OUR oil.

Your logic ( ) is exactly why liberals are the kings of unintended consequences. It feels so good for you to sock it to those evil corporations and tax the crap out of them. What you don't seem to realize is that they aren't going to simply pay those taxes out of their profits because they are such nice guys. They will add on the additional tax (cost of doing business) to the cost of thier product and the people who can least afford to pay more will be the ones who are hurt most. You are willing to hurt any number of the poor, however, because it feels so good to screw the corporations, doesn't it?

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"It's not alive, It's not alive, It's not alive. Because I said it isnt', there's your proof jerk." ...lexi

"As far as your logical fallicy shit - shove it. I am a woman."...naturemomma

Well stated.

Last time I checked, corporations pay 40% tax on their profits. That's one of the highest rates in the world, then you ask yourself: Why are corporations moving overseas?