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Chevron Corporation Message Board

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  • rdietsche34 rdietsche34 Nov 22, 2008 9:47 AM Flag

    Corporate Tax Rates

    Listen dimwit; in your posting it is clear that the income tax was clearly not all Federal Income Tax. That was the point I was making. Evidently you don't have the ability to discern what is Federal, and what is State. You are talking about total income taxes. I hope that you get that now.

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    • One last thought, rdietschke: If you've got such a big woody about Corporations not paying their fair share of taxes, why don't you take up your cause with the European corporations who pay far less. The fact is corporations are nothing more than a group of employees (as in people who have jobs), and are the lifeblood of the US economy. To increase taxes on corporations (which apparently you and the new administration is advocating) results in at least one of three possible outcomes: 1) less jobs, 2) passing the taxes off on the consumer by higher prices, or 3) moving the jobs overseas. Which of these do you prefer?

    • Here is your original post:

      "These are the Federal Income Tax Rates for Corporations. 0 to $50,000.00 = 15%; $50,001 to
      75,000 = 25%; 75,001 to 10 million = 34%; over
      10 million = 35%. So the 46% that one person said Chevron paid could not have been. There may have been some other taxes added from accounting purposes. In the past, 1 out of every $4 F. Income tax collected came from Corp. F.I.T. now it is 1 out of $10. That means individuals are picking up more of the income tax paid to the Fed. Government. Just thought I would update those crying about Corp Taxes."

      The thread of replies following your post were pointing out that indeed Chevron pays 46.5% in total income taxes, which includes Federal Income Tax. Somehow you got all twisted off, ranting that the 46.5% was originally posted (by someone else on this board) as Federal Income tax only. But that clearly wasn't the case. Go back and read the whole thread.

      That giant popping sound is rdietsche pulling his head out.

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