The American Petroleum Institute, an industry advocacy group, argues that even with subsidies, oil producers paid or incurred $280 billion in American income taxes from 2006 to 2008 [THAT'S $280 BILLION IN ONLY TWO YEARS!], and pay a higher percentage of their earnings in taxes than most other American corporations.
.... A recent study by Martin A. Sullivan, an economist for the trade publication Tax Analysts, found that the five oil drilling companies that had undergone these “corporate inversions” had saved themselves a total of $4 billion in taxes since 1999.THEY SAY IT'S $45 BILLION OVER THE LAST 10 YEARS - (A LITTLE MORE THAN THE IDIOTIC AND USELESS AT BEST "BUFFETT TAX").
SO... THE TRUTH IS THAT THE OIL COMPANIES PAY FAR FAR FAR FAR FAR FAR MORE TAXES THAN THEY GET BACK IN ANY "REBATE" - AND THEY PAY MORE TAXES THAN ANY OTHER INDUSTRY.
AND THEY DO SO WHILE DELIVERING A HIGH QUALITY REFINED PRODUCT MORE COST EFFECTIVELY THAN EITHER WATER OR MILK IS BROUGHT TO MARKET.
LEFTIST POLITICIANS - LIKE OBAMA - WHO ATTACK "BIG OIL" AND "BIG OIL SUBSIDIES" ARE ABSOFREAKINLUTELY FULL OF SHIT.
IT IS NOTHING BUT BUSLLSHIT DEMAGOGUERY.
ANYONE WHO FALLS FOR IT IS A FECKING IDJIT.
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