Speakeasy forum: BP Plc gets away with a $4.5 Billion fine. It ain't enough.

with the total fine they did get hit with now that you know it's a lot more? And Haliburton/Cheney didn't factor into it at all.......wow.......you must be so disappointed.

BP had already put up up front, or did you forget about that part? And what monies do you think the Feds shelled out? Considering that BO deliberately shut down all of the Gulf Coast and cost the areas thousands of jobs that never came back, I figure that evened out whatever they might have paid since BP picked up the tab for those out of work and loss of revenue to local businesses that depended on the oil and fishing rigs.

Seems to me they did a lot right up front to help those affected by the spill, and less came onshore than expected. I'm thinking the fines and help given exceeds the overall cost.

nearly 50% in taxes on that profit, just as all oil companies do every year. Can you say the same for Immelt and GE? Stop, you're killing me.

all the payroll, state, and city/county taxes that aren't figured into your amount. Your percentage is for Federal Income Taxes only. Don't you think you should rework your thinking?

Since you know so little about our country and how it works, I guess your half-***** numbers are supposed to be fact?

I already knew that the Fed tax rate for them was a little higher than 30%. And, no, I'm not hunting down the various rates for each payroll tax, state, county, or city tax involved in various areas that each drilling operation is located in since they will all vary across the country. Tuff....you'll have to take my word for it to be around 17% to come to the 50% figure I gave you. If you don't believe me, I don't care.

you keep turning to her to seek the truth.

THEY collect for the Federal AND Provincial, for any income.

Fill out 1 Form (4 pages), send it in, the Feds pay to the Provinces

Many years ago they had a "Poll Tax" if you lived in cities...I haven't heard of them in years. Property tax and Harmonized Sales Tax when you purchase certain items (lots of them ) 13% on the price of the item.

You have to use 2 charts (Federal & your Province) to calculate the TOTAL percentage of tax on income

Canada - Federal 2013 and 2012 Personal Marginal Income Tax Rates

Atlantic Provinces 2013 and 2012 Personal Marginal Income Tax Rates

withholds from the employee and sends to the Government as payment of the Employee's Taxes on Income. And just what city taxes are we talking about nearly 200 miles off shore? It may be densely populated there, but fish and crustaceans don't collect taxes. Indeed I doubt that State Taxes apply that far off shore, though within the 200 mile limit Federal Taxes do. So you have cleverly vitiated your own argument (that means cut the guts out of). Got any more fiction to retail, cause I ain't buying.

Either you don't understand, which is why you promoted that 47% fictional idiocy, or you just don't wish to make an honest argument. Ignorance or Malice, those are your choices, there isn't a third.

Rob

has about 6.5% taken from the employEE but the employER has to pay double that amount...so when the check is cut to the government, each pays an equal amount.

The employER DOES NOT "PAY" double....The employER "gives" the gov 13% made up of 6.5% DEDUCTED FROM THE EMPLOYEE WAGES and another 6.5% FROM THE EMPLOYER.

It doesn't get "double" it gets 1/2 half from the employee and 1/2 from the employer.

I have still debunked your 33% and you have no wiggle room left

THIS is how YOU debunk something?

Tuff....you'll have to take my word for it to be around 17% to come to the 50% figure I gave you.

Take YOUR word for it?

More of your statements in this thread.

And they paid nearly 50% in taxes on that profit,

I already knew that the Fed tax rate for them was a little higher than 30%

You already knew?...what's with the 50% figure you posted first?

Just to refresh your short term memory.

In 2011

Profit Before Tax 38834.0
Profit After Tax 26097.0

In 2011 they paid approx 33% tax

Allowances from the Federal government and various other breaks. My uncle the oil man used to chuckle over them when they came in. But he was an Oil Man and a Republican. He thought it was hilarious that the people paid for the gas, and then some of their tax dollars came back to him from the Federal Government.

The other thing about this issue, is what are the lives lost on the rig worth? What is criminally negligent use of known defective equipment worth? What is the long range damage not just to the shore and the wildlife, but to marine life from the toxic substances that floated in strata in the Gulf, and for all I know still does killing fish contaminating crustaceans? Shrimping is the big industry for most of the Gulf States; we won't know the real cost of the spill for a decade or two, so I'd suggest that counting the cost now is just a little premature. Not to mention short sighted, which could be said to cover most of your opinions, Toni and James.

It's nice that there are only two hands flapping on the wrong side of this issue.