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Exxon and Chevron paid those taxes on actual earnings. As soon as Tesla starts profiting, then they will owe taxes as well.
by brianobush 11y ago
Exxon and Chevron paid those taxes on actual earnings. As soon as Tesla starts profiting, then they will owe taxes as well.
- adventured 11y agoOf course, and the point is that the fossil fuel industry in the US more than pays its own way. Should the US Govt. stop subsidizing fossil fuels? I think so. However, many of the subsidies that companies like Exxon or Chevron claim, are general industrial / manufacturing tax breaks, that are available to any industrial firms. Those two are doing $600 billion in sales, and claiming $1.3 billion in tax breaks, it's an almost comically small number compared to the taxes they pay and the scale of their businesses. I don't think there's any legitimate gripe to be had with the weight the US oil industry is carrying in terms of paying a fair sum in taxes.
- deleted 11y ago[deleted]