9% profit margin. Does not sound like Exxon is raping the consumer...
-----Original Message----- From: Judah McAuley [mailto:ju...@wiredotter.com] Sent: Thursday, April 28, 2011 10:39 AM To: cf-community Subject: Re: Exxon taxes Exxon earnings were announced this morning, actually. Profit of 10.65 billion on sales of 114.85 billion. Cheers, Judah On Thu, Apr 28, 2011 at 10:26 AM, G Money <gm0n3...@gmail.com> wrote: > > my heart bleeds for the Exxon corporation. > > What kind of revenue do you have to have coming in to owe 9.8 BILLION > in taxes? > > On Thu, Apr 28, 2011 at 12:06 PM, Sam <sammyc...@gmail.com> wrote: > >> >> About Exxon not paying income taxes... >> >> >> http://www.exxonmobilperspectives.com/2011/04/27/gas-prices-and-indus >> try-earnings-a-few-things-to-think-about/ >> >> ExxonMobil is one of the largest taxpayers in the United States Last >> year, our total taxes and duties to the U.S. government topped >> $9.8 billion, which includes an income tax expense of $1.6 billion. >> Over the past five years, we incurred a total U.S. tax expense of >> almost $59 billion, which is $18 billion more than we earned in the >> United States during the same period. Critics often try to ignore >> these facts by saying the oil and gas industry receives "subsidies." >> But what they really mean is that they want to increase our taxes by >> taking away long-standing deductions for our industry while leaving >> these same deductions in place for other sectors of the econom >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337116 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
