BP gets a $10 Billion tax break for the oil spill - GoFuckYourself.com

2012 · 10-24-2012, 11:36 AM

Quote:

A portion of that could be refunded from taxes BP paid in earlier years.

The company disclosed its intentions as part of its second-quarter earnings report, in which it said it would record a $32.2 billion charge to reflect the costs of the spill.

http://www.washingtonpost.com/wp-dyn...072704437.html

can we get a round of applause

Titan · 10-24-2012, 12:39 PM

You lose money, you pay less taxes. Nothing controversial about that.

georgeyw · 10-24-2012, 12:49 PM

Quote:

Originally Posted by Titan

You lose money, you pay less taxes. Nothing controversial about that.

Exactly.

I love how that article is worded 'tax payers will *indirectly* foot the bill'.....

Let's say BP disappears overnight and then ALL of the tax they pay is gone - who is to blame then?

BFT3K · 10-24-2012, 12:52 PM

Nikola Tesla is rolling in his grave..

2012 · 10-24-2012, 01:02 PM

Quote:

Originally Posted by Titan

You lose money, you pay less taxes. Nothing controversial about that.

Quote:

Originally Posted by georgeyw

Exactly.

I love how that article is worded 'tax payers will *indirectly* foot the bill'.....

Let's say BP disappears overnight and then ALL of the tax they pay is gone - who is to blame then?

Quote:

Originally Posted by BFT3K

Nikola Tesla is rolling in his grave..

2012 · 10-24-2012, 01:11 PM

Quote:

Originally Posted by JohnnyClips

I love how everything they teach you in first grade doesn't apply to those in power

yea sure ...

DWB · 10-24-2012, 01:19 PM

They should have been fined 10 billion more dollars.

Tom_PM · 10-24-2012, 01:22 PM

They should be required to drill a relief well for every well drilled in the gulf. That's on them to do, and it's in the public's interest as well. Simple requirement to drill there by one stroke of the pen. Nobody cares enough.

pornguy · 10-24-2012, 01:24 PM

Nothing new. Donate money get a tax break. Spend money, get a tax break.

Cost of doing business.

PornoMonster · 10-24-2012, 01:29 PM

Holly Shit, Now Tax Breaks are OK? But when Mitt uses them it's bad?

Listen BOTH SIDES DO THE EXACT SAME THING. The Only Difference is what GROUPS they Give or Spend your Money on!!!!!

JFK · 10-24-2012, 01:30 PM

Quote:

Originally Posted by pornguy

Nothing new. Donate money get a tax break. Spend money, get a tax break.

Cost of doing business.

tell that to the enviroment they fucked up irreperably

L-Pink · 10-24-2012, 01:38 PM

How did Romney push this thru? Oh wait …….

2012 · 10-24-2012, 02:28 PM

i just pissed in your pool but in the process i tripped and fell on my dick. pay me

Robbie · 10-24-2012, 02:44 PM

Quote:

Originally Posted by JFK

tell that to the enviroment they fucked up irreperably

It was scary for sure...but my brother is a fishing captain in the gulf.

It's not fucked up anymore. Like it or not...the Gulf is back to normal. Nature seems to be able to repair most every dumbass thing we do to it.

wehateporn · 10-24-2012, 02:57 PM

The Oil Spill was an example of what's known as 'Crisis Capitalism'

3 weeks before the spill the George Bush/Dick Cheney 9-11-linked Halliburton company negotiated the purchase of the world's largest oil-spill cleanup firm (Boots & Coots) at the exact time keen observers on Wall Street--financial intelligence agents at Goldman Sachs unloaded 44% of their stock in BP

Dead-Missing-Jailed BP WHISTLEBLOWERS
http://bpwhistleblowers.blogspot.co.uk/

Even Alex will tell you

GAMEFINEST · 10-24-2012, 03:22 PM

I love USA

Dvae · 10-24-2012, 03:47 PM

Quote:

Originally Posted by 2012

BP gets a $10 Billion tax break for the oil spill

Does Obama know about this?

2012 · 10-24-2012, 04:03 PM

Quote:

Originally Posted by Dvae

Does Obama know about this?

i don't know.

i just feel that, in our current financial situation as a country why do we need to give these guys a 10 billion dollar tax break. nobody is going to step up to the plate and act responsibly ever ... just run it right into the ground and clean up the mess. make sense ? probably not

anyway, fuck it. if anything it's pretty interesting

Robbie · 10-24-2012, 04:18 PM

Just keep in mind that the federal govt. spent 10.6 billion dollars in the last 24 hours. And they will spend another 10.6 billion dollars in the next 24 hours.

And you guys are worried about some oil company?

The real insanity is in Washington D.C.

Titan · 10-24-2012, 06:03 PM

It's not a tax break. Don't be retarded. If you have 100 billion dollars in gross revenue and then you have 100 billion dollars in expenses you pay NO taxes. When this happens do you say that the company ripped off the government for 35 billion in taxes? No, because they didn't make any fucking money. This is basic accounting 101. Sure BP saved $10 billion taxes but they also had to pay $30 billion in clean up costs. Trust me they rather would have paid the extra taxes because that means they made more money.

2012 · 10-24-2012, 07:14 PM

Quote:

Originally Posted by Robbie

And you guys are worried about some oil company?

Sure, let's start somewhere. Let's start with the people that fucked over the gulf. You think that shit is cleaned up ? If you're down there eating that shit you might as well go bbq on the beaches of the Fukushima disaster. bon appetit ... the great thing is, we're all eating it

http://www.bizjournals.com/houston/n...effect-on.html

i know i know, it's BUSINESS . Hey everythings cool.

2012 · 10-24-2012, 07:15 PM

Quote:

Originally Posted by Titan

It's not a tax break. Don't be retarded. If you have 100 billion dollars in gross revenue and then you have 100 billion dollars in expenses you pay NO taxes. When this happens do you say that the company ripped off the government for 35 billion in taxes? No, because they didn't make any fucking money. This is basic accounting 101. Sure BP saved $10 billion taxes but they also had to pay $30 billion in clean up costs. Trust me they rather would have paid the extra taxes because that means they made more money.

What caused the expense ?

Robbie · 10-24-2012, 07:19 PM

Quote:

Originally Posted by 2012

Sure, let's start somewhere. Let's start with the people that fucked over the gulf. You think that shit is cleaned up ?

yeah, my family lives on the gulf and my brother is a fishing captain.

I was swimming in Panama City a year ago. Absolutely gorgeous. And I eat seafood every chance I get.

I don't think the damage was long lasting. That's all I'm saying.

2012 · 10-24-2012, 07:20 PM

Quote:

Originally Posted by Robbie

yeah, my family lives on the gulf and my brother is a fishing captain.

I was swimming in Panama City a year ago. Absolutely gorgeous. And I eat seafood every chance I get.

I don't think the damage was long lasting. That's all I'm saying.

i understand. i just don't think we know the long term effects yet

Robbie · 10-24-2012, 07:33 PM

Quote:

Originally Posted by 2012

i understand. i just don't think we know the long term effects yet

I agree with you. I was just kinda surprised at how quickly nature sort of fixed itself there. When the thing was happening I was one of those people who was scared it was going to destroy the entire ocean around the world.

I wonder if oil leaks ever happen naturally underwater? Like if there's an underwater earthquake or something?

When all that happened I kinda wondered about that and if nature is already adapted to it for the long term? I'm not saying I think that...I'm just saying it crossed my mind.

tony286 · 10-24-2012, 08:10 PM

If u read the article it looks like it's the expense they wrote off and I guess that's common. And they talk about 35 percent Corp tax. It's like a urban legend lol.

epitome · 10-24-2012, 11:39 PM

They should have had their Caribbean entity invoice their US entity for "management fees" so they could get more back.

Paul Markham · 10-25-2012, 01:22 AM

Look into why the oil rigs are so badly controlled and you see the reasons it happened.

Will Romney decide this is a good area to cut spending?

10-24-2012, 12:39 PM	#2
Titan Confirmed User Join Date: Jun 2002 Location: teencash.com Posts: 994	You lose money, you pay less taxes. Nothing controversial about that. __________________ TEEN CASH - EXCLUSIVE TEEN NICHE REALITY SITES Check out our Newest Site: Teen Porno Pass - Free Hosted Galleries, Flash Galleries, Tube Content, & Great Support Sample Galleries: Movie Gallery 1 Flash Gallery 1 Pic Gallery 1

10-24-2012, 01:22 PM	#8
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	They should be required to drill a relief well for every well drilled in the gulf. That's on them to do, and it's in the public's interest as well. Simple requirement to drill there by one stroke of the pen. Nobody cares enough. __________________ 43-922-863 Shut up and play your guitar.

10-24-2012, 01:24 PM	#9
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Nothing new. Donate money get a tax break. Spend money, get a tax break. Cost of doing business. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

10-24-2012, 01:29 PM	#10
PornoMonster Confirmed User Industry Role: Join Date: Mar 2003 Posts: 2,257	Holly Shit, Now Tax Breaks are OK? But when Mitt uses them it's bad? Listen BOTH SIDES DO THE EXACT SAME THING. The Only Difference is what GROUPS they Give or Spend your Money on!!!!! __________________ $6 a Month 4 Blade Razors, 4 Cartridges, Includes shipping! Domains 4 Sale CashForVideos.com - Pussy.biz - FootPorn.com - SoloMovie.com - CollegeGirlCams.com - AmateurCamGirls.com - PR3 4 Letter Domain

10-24-2012, 02:28 PM	#13
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	i just pissed in your pool but in the process i tripped and fell on my dick. pay me __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

10-24-2012, 12:52 PM	#4
BFT3K Too lazy to set a custom title Industry Role: Join Date: Dec 2005 Location: Narnia Posts: 10,764	Nikola Tesla is rolling in his grave..

10-24-2012, 01:19 PM	#7
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	They should have been fined 10 billion more dollars.

10-24-2012, 01:38 PM	#12
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	How did Romney push this thru? Oh wait …….

10-24-2012, 02:57 PM	#15
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	The Oil Spill was an example of what's known as 'Crisis Capitalism' 3 weeks before the spill the George Bush/Dick Cheney 9-11-linked Halliburton company negotiated the purchase of the world's largest oil-spill cleanup firm (Boots & Coots) at the exact time keen observers on Wall Street--financial intelligence agents at Goldman Sachs unloaded 44% of their stock in BP Dead-Missing-Jailed BP WHISTLEBLOWERS http://bpwhistleblowers.blogspot.co.uk/ Even Alex will tell you __________________ Sexy Girls Teasing Last edited by wehateporn; 10-24-2012 at 02:59 PM..

10-24-2012, 03:22 PM	#16
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,436	I love USA __________________ Compound interest.

10-24-2012, 04:18 PM	#19
Robbie Leaner, Meaner, Faster Industry Role: Join Date: Aug 2002 Location: Vegas Posts: 20,959	Just keep in mind that the federal govt. spent 10.6 billion dollars in the last 24 hours. And they will spend another 10.6 billion dollars in the next 24 hours. And you guys are worried about some oil company? The real insanity is in Washington D.C. __________________ -Robbie ClaudiaMarie.Com

10-24-2012, 06:03 PM	#20
Titan Confirmed User Join Date: Jun 2002 Location: teencash.com Posts: 994	It's not a tax break. Don't be retarded. If you have 100 billion dollars in gross revenue and then you have 100 billion dollars in expenses you pay NO taxes. When this happens do you say that the company ripped off the government for 35 billion in taxes? No, because they didn't make any fucking money. This is basic accounting 101. Sure BP saved $10 billion taxes but they also had to pay $30 billion in clean up costs. Trust me they rather would have paid the extra taxes because that means they made more money. __________________ TEEN CASH - EXCLUSIVE TEEN NICHE REALITY SITES Check out our Newest Site: Teen Porno Pass - Free Hosted Galleries, Flash Galleries, Tube Content, & Great Support Sample Galleries: Movie Gallery 1 Flash Gallery 1 Pic Gallery 1

10-24-2012, 08:10 PM	#26
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	If u read the article it looks like it's the expense they wrote off and I guess that's common. And they talk about 35 percent Corp tax. It's like a urban legend lol.

10-24-2012, 11:39 PM	#27
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	They should have had their Caribbean entity invoice their US entity for "management fees" so they could get more back.

10-25-2012, 01:22 AM	#28
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Look into why the oil rigs are so badly controlled and you see the reasons it happened. Will Romney decide this is a good area to cut spending? __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70