Have you heard? We are going to get a break on the deduction for mileage on our taxes for this year. Yes, that is right, a whole .08 cents more per mile.
I am happy to have the additional deduction but gas has been expensive all year not just from July 1st to December 31st. Wouldn't you rather have a share in the profits of Exxon/Mobil? They only posted $11.8 billion in profits in the second quarter.
So which would you vote for: mileage deduction break or profit share with Exxon/Mobil?
Ann Hayden Realtor St. Louis Missouri
For All Your real estate needs: www.SelectAnn.com
© Ann Hayden, 2008-2009.
hmmm I'm not sure on that one. lol :) If I had to pick one I would choose profit share. Then I would retire. ;)
Billy,
ME TOO!
Ann
Ann now that's a hard decision ...LOL....do you think Exon would share with us :)
Kathy,
I think Exxon should share with us....
How is it the price goes up immediately at the pump when the price of oil increases? And when oil goes down, it takes weeks to see a decrease in the price at the pump? I am a bit confused about this....;-).
Happy Labor Day weekend,
Ann
Ann: Just think... they get to use their profit share... and then they get to use that mileage tax deduction, too. They sure do need the tax break, don't they ? :)
Karen,
I am certain they could not survive without the tax break.... ;-)
Ann