Profit is what you end up with AFTER things like taxes and the like are paid.

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

Profit IS net. It's the money you have to spend after taxes.

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

No, net profit is after all income and all expenses are accounted for. If you only look at the taxes, that is gross income, before the expenses are accounted for. In the government, they have a very large gross income, however, because of the expenses on all the programs and such, the net profit is negative.

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

No, it's a personal opinion as to whether or not you owe taxes to the government. I view that you do owe taxes, and so the money that you owe them is their money.

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Profit is for corporations what take-home pay is for individuals.

__________________
A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

When the price of oil goes up, the price of gas and transportation goes up. Those increase in costs cause the cost of the goods being transported to go up. That is inflation. The rates set by the feds are one of many causes (as is the cost of goods), and it certainly has an effect, however it is not the only thing that causes inflation, otherwise it would be easier than pie to control inflation.

Sorry to tell you, but the price of oil began to drop about 2 weeks before the rally of the dollar. What does that tell you? Causation says that the effect cannot accure before the cause. Therefore, whether you believe that the oil falling caused the dollar to do better, it is impossible for the dollar to have been the cause of the price of oil.

Euro to U.S. Dollar Exchange Rate - Yahoo! Finance
Crude Oil Price Forecast



When I said "total" I was refering to the dollar amount as opposed to the %, sorry if I caused any confusion.

Yes it is, what's your point? They pay just a bit more in % than my mother does, yet they make about 500,000x the pre-tax income.

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

If thas the case, then all of the "profit" reports for oil companies is off by a long shot. That would mean that Exxon made $138 billion last quarter, not $11.7 billion, since "profit" means before the bills are paid.

Sorry, but that is incorrect. "Profit" means after all bills and all income, what is the final change in your assets.

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Yes, profit does mean before the bills are paid (but not before the taxes and wages/benefits are paid).

__________________
A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

Not for a company. Sorry, but accounting laws are pretty clear about it.

Profit - "The return received on a business undertaking after all expenses have been met."

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

But the price of Oil goes up due to currency falling. Controlling inflation is very easy. It's the fact that folks who follow Keynesian economics think Inflation is good that causes this problem.

When we were on a Gold standard avg inflation was at 2 to 4%. Which was matched by wage increase of 2 to 4%.. so we virtually had no inflation. When we dropped the Gold standard inflation skyrocketed. See the 70s.



I know when Oil started to fall, which was when President Bush ended the Presidential Ban on offshore drilling. But that only drove the price down so far.. then the dollar started to rally driving prices down to $113. If this rally continues we can be looking at $100 a barrel, maybe even $90.




Not true. Your mother would have to make $350,000 just to pay 35% income tax rate.

Business pay Corporate taxes, which is normally 38%..

% does not equate to amount paid.

350,000 x.35 = 122,500.

22,000,000,000 x .38= 8,360,000,000

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Pioneers are walking all around singing songs about Lenin and they should be shot for it.

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