Monday, February 11, 2008
Exxon's 2007 Profits and Taxes
I like these kinds of comparisons because they really put things in perspective.
Secondly, they provide an insight that our news media fails to give us...
Secondly, they provide an insight that our news media fails to give us...
On the SeekingAlpha.com website, Mark J. Perry states this:
"Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes)."
