3 ms·
85% income tax is more like a skim given how that money's dispensed.
by astrodust 10y ago
85% income tax is more like a skim given how that money's dispensed.
- Animats 10y agoIt's a tax dodge. Taxes paid by ARAMCO to the Government of Saudi Arabia are meaningless, because ARAMCO is owned by the Government of Saudi Arabia. However, those taxes can be deducted from US taxes by US companies which import Saudi oil.