Relax wrote:Your tax "subsidies" which are in fact tax PENALTIES and not subsidies at all as ONLY O/G pay them. No one else. Anyone with a rational mind can see they apply on top of taxes everyone else pays.
If you cannot admit to this VERY BASIC reality, then the only words to describe your actions is either liar, or dumb. You choose. It is Ok, I have said many dumb things in life before. Your statements in this thread show that you too can say stupid dumb things as well.
I get the feeling you don't even want to understand WHY the Oil and Gas industry pays higher taxes, since you insist it's because they are penalized, but I'll ask again even though I know you are dishonest and will probably not provide a factual answer: Please enumerate how Oil and Gas are penalized? Saying that they pay higher taxes than other industries doesn't cut it, since that is an established fact.
And also provide an answer to why a tax-benefit doesn't count if applied to Oil and Gas? Perhaps you don't understand the simple fact that a benefit is still a benefit even if applied to an industry that has higher taxes overall.
Also, why do you insist on only taking about tax-benefits on profits? Perhaps it has escaped you that there are a myriad ways for an industry to receive tax-benefits that has nothing to do with income tax.