Three giant oil companies - ExxonMobil, BP and Chevron USA - paid $7.3 million in Wisconsin corporate income taxes over a three-year period in which they reported worldwide profits of $165.7 billion, state Department of Revenue records show.No Sierra Sherlock. What kind of logic are you using? They avoid declaring income in Wisconsin for a reason.
And two other oil companies - Shell and Murphy Oil, which has a Wisconsin refinery - paid no Wisconsin corporate income taxes in 2003, '04 and '05. Shell reported profits of $55.9 billion in those years; Murphy Oil had profits of $1.8 billion.
Wisconsin has no right to tax entities for profits they have earned in other states and nations. That is why they incorporate in Delaware (and other tax advantaged states) and organize their business to avoid booking income in Tax Whore Wisconsin. They do what WI residents cannot, shield income from our oppressive income taxes.
How about a gross receipts tax on the Windows operating system? Microsoft sells it here and makes loads of money. We deserve our cut.
Even Barry Bonds only pays WI income taxes for the games played in Milwaukee.
Walters, you are pathetically dumb.
Elsewhere, in a prepared statement, Governor Jim Doyle said, "I want mine. Mine. Mine. Mine. It is not fair. If I don't get mine, I'm going to hold my breath ... no ... I'm not going to let you sell gas in Wisconsin anymore. Mine!"
HT - Borowitz Report for the "Elsewhere, ..." thing.
2 comments:
Walters is not stupid.
He wrote what his editors (and the Left in general) believes to be true.
Credulous, yes.
I disagree Dad.
If Walters was capable of understanding that comparing Wisconsin income taxes to Worldwide profits was an invalid argument, he would not have written that piece of illogical crap.
Aping what Governor Jim Doyle (D-Waupun) spews is not an excuse nor is Walters' leftist ideology.
Journalists are morons when it comes to mathematics. Period.
Stupid is as stupid does.
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