Exxon Posts Record $32.36 Billion Tax Payment

[red states rule]

The messiah lnown as Obama, and the liberal media in in a tizzy over the profits of Exxon. What they will not talk about is the RECORD TAX bill Exxon paid


According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.


Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'"


MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion)

[Yurt]

but its not fair

[red states rule]

I am waiting for the libs to rant how Exxon is not paying enough in taxes and the windfall prfts tax is needed to make sure the company pays its fair sahre

[Little-Acorn]

Let me get this straight.

Exxon made a before-tax profit of $44 billion (11.68B + 32.36B),

....and then turned 3/4 of it over to the government???

And the government is trying to investigate and prosecute them for the rest?

Are we living in a third-world country here?

[red states rule]

Let me get this straight.

Exxon made a before-tax profit of $44 billion (11.68B + 32.36B),

....and then turned 3/4 of it over to the government???

And the government is trying to investigate and prosecute them for the rest?

Are we living in a third-world country here?

and the Dems want a windfall profit tax

Obama wants to send each family $1000 paid for by the oil companies

Anyone voting for Dems is like a chicken voting for Col Sanders

[The ClayTaurus]

The messiah lnown as Obama, and the liberal media in in a tizzy over the profits of Exxon. What they will not talk about is the RECORD TAX bill Exxon paid


According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.


Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'"


MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion)

Can we see a source for this?

[red states rule]

Can we see a source for this?

Sorry about that

http://www.istockanalyst.com/article...ts_Record.html

[Kathianne]

http://money.cnn.com/2008/07/31/news...ex.htm?cnn=yes

...In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called "other taxes."...

[avatar4321]

and the Dems want a windfall profit tax

Obama wants to send each family $1000 paid for by the oil companies

Anyone voting for Dems is like a chicken voting for Col Sanders

What about the windfall profits the government is recieving?

[red states rule]

What about the windfall profits the government is recieving?

The government is getting fat off the oil companies - yet the Dems demonize them

and of course Dems want MORE money form the oil companies

[Little-Acorn]

The Democrats have expressed outrage (not for the first time) over the huge profit Exxon made.

Have they expressed outrage yet, over the three-times-as-large profit THEY made, off of Exxon?

Have they made plans yet, to return this "dirty money" to its source? Or doesn't their "outrage" extend quite that far?

[red states rule]

The Democrats have expressed outrage (not for the first time) over the huge profit Exxon made.

Have they expressed three times the outrage over the three-times-as-large profit THEY made, off of Exxon?

Have they made plans yet, to return this "dirty money" they took in, to its source? Or doesn't their "outrage" extend quite that far?

Of course not. Dems see Big Oil in the same light as they see Big Tobacco

A cash cow they can rape