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lol. You're an idiot.
^^^typical response from a braindead obamabot. attack the messenger when your hero shows himself to be a fraud and a liar.
When did the President ever demand that the rich should voluntarily raise their own effective tax rate to 30%, regardless of the law calls for?
But all companies can't, only Big Oil can. Who says Big Oil gets no special tax deductions all the other companies get?Is "labor" the only cost in drilling a well?
The part already posted that already answered your question which you conveniently ignored in your quote:
Energy companies liken this benefit to the research and development tax break employed by companies like Apple Inc.
"All the labor (that) tech companies spend on research and development, everything that Apple spends designing the next new product, they recover," said Brian Johnson, a tax expert at the American Petroleum Institute. "Cost recovery is cost recovery."
Not exactly. Many tax experts across the political spectrum said the IDC is a clear exception made for oil. As a rule, expenses that produce income in the future are not immediately deductible.
Is "labor" the only cost in drilling a well?
Ummm...no. But your link did say......
Most of the IDC is for the labor costs of drilling a well.
The part already posted that already answered your question which you conveniently ignored in your quote:
Yes, all companies get to deduct their labor costs, glad you agree.
Not exactly. Many tax experts across the political spectrum said the IDC is a clear exception made for oil.
And I already said, I think all companies should be able to deduct all their expenses immediately.
But all companies can't, only Big Oil can. Who says Big Oil gets no special tax deductions all the other companies get?Is "labor" the only cost in drilling a well?
The part already posted that already answered your question which you conveniently ignored in your quote:
Energy companies liken this benefit to the research and development tax break employed by companies like Apple Inc.
"All the labor (that) tech companies spend on research and development, everything that Apple spends designing the next new product, they recover," said Brian Johnson, a tax expert at the American Petroleum Institute. "Cost recovery is cost recovery."
Not exactly. Many tax experts across the political spectrum said the IDC is a clear exception made for oil. As a rule, expenses that produce income in the future are not immediately deductible.
Is "labor" the only cost in drilling a well?
Ummm...no. But your link did say......
Most of the IDC is for the labor costs of drilling a well.
The part already posted that already answered your question which you conveniently ignored in your quote:
Yes, all companies get to deduct their labor costs, glad you agree.
Not exactly. Many tax experts across the political spectrum said the IDC is a clear exception made for oil.
And I already said, I think all companies should be able to deduct all their expenses immediately.
He also is still married to his first wife, unlike Noot and El Drugbo. Noot and Rush have been biblically married how many times now between them?
Romney paid smaller percentage than Obama.
Who is smarter?
The Obamas' falling tax rate - Steven Sloan and Kelsey Snell - POLITICO.com
President Barack Obama and his wife, Michelle, paid the lowest effective tax rate since they moved into the White House by taking advantage of the most popular and expensive benefits in the tax code.
Tax returns released by the White House on Friday show that the Obamas paid an effective tax rate of 18.4 percent on more than $608,000 in adjusted gross income earned in 2012. Last year, their rate was 20.5 percent.
They were able to lower the amount of income on which they were taxed by more than $258,000 by claiming several big-ticket deductions.
I'm shocked-- shocked, I tell you!-- to learn that Obama is a blatant hypocrite.
^^^typical response from a braindead obamabot. attack the messenger when your hero shows himself to be a fraud and a liar.
When did the President ever demand that the rich should voluntarily raise their own effective tax rate to 30%, regardless of the law calls for?
Because dumfbucks like you and OBama said it should be higher? So if you're going to make others do it, shouldnt you do it as well? It's called setting an example, maybe you've heard of the term?
How did President Obama get his tax rate down to 18%?
$125,000 in charitable deductions, deductions for home mortgage interest, deductions of state taxes paid, deductions for his kids
Not a single deduction for dancing horses
How did President Obama get his tax rate down to 18%?
$125,000 in charitable deductions, deductions for home mortgage interest, deductions of state taxes paid, deductions for his kids
Not a single deduction for dancing horses
He avoided paying taxes by making the big charity contribution, nothing illegal about that. those charities will use the money much more effectively than the government.
Romney also gave big amounts to charity, and thereby avoided taxes-------but that makes him evil.
the hypocrisy of the left knows no bounds.
A wife who doesn't ride the horse!How did President Obama get his tax rate down to 18%?
$125,000 in charitable deductions, deductions for home mortgage interest, deductions of state taxes paid, deductions for his kids
Not a single deduction for dancing horses
He avoided paying taxes by making the big charity contribution, nothing illegal about that. those charities will use the money much more effectively than the government.
Romney also gave big amounts to charity, and thereby avoided taxes-------but that makes him evil.
the hypocrisy of the left knows no bounds.
Romney gave money to his own church where he is an elder. He also deducted $70,000 for a world class dancing horse as a therapeutic animal for his wife,, he also hid a fortune in offshore accounts
How did President Obama get his tax rate down to 18%?
$125,000 in charitable deductions, deductions for home mortgage interest, deductions of state taxes paid, deductions for his kids
Not a single deduction for dancing horses
He avoided paying taxes by making the big charity contribution, nothing illegal about that. those charities will use the money much more effectively than the government.
Romney also gave big amounts to charity, and thereby avoided taxes-------but that makes him evil.
the hypocrisy of the left knows no bounds.
Romney gave money to his own church where he is an elder. He also deducted $70,000 for a world class dancing horse as a therapeutic animal for his wife,, he also hid a fortune in offshore accounts
A wife who doesn't ride the horse!He avoided paying taxes by making the big charity contribution, nothing illegal about that. those charities will use the money much more effectively than the government.
Romney also gave big amounts to charity, and thereby avoided taxes-------but that makes him evil.
the hypocrisy of the left knows no bounds.
Romney gave money to his own church where he is an elder. He also deducted $70,000 for a world class dancing horse as a therapeutic animal for his wife,, he also hid a fortune in offshore accounts
Romney filled out Obama's tax forms?
Why did Obama let him do that?
All I heard all election is that my family who barely eclipses 250k should be considered rich and taxed more.
He avoided paying taxes by making the big charity contribution, nothing illegal about that. those charities will use the money much more effectively than the government.
Romney also gave big amounts to charity, and thereby avoided taxes-------but that makes him evil.
the hypocrisy of the left knows no bounds.
Romney gave money to his own church where he is an elder. He also deducted $70,000 for a world class dancing horse as a therapeutic animal for his wife,, he also hid a fortune in offshore accounts
nothing he did was illegal------your issue is with the tax code, not romney or obama.
but we understand that your partisan bullshit takes precedence over rational thought.
What is it to place your life on the line if it is not done as a volunteer? Because you get a small compensation for it means you didn't volunteer? Really? Spoken like a true blue never served moron.....
By the way, I still volunteer, seldom a day goes by i don''t have something I do as a volunteer...
