Wednesday, May 07, 2008
Oil Profits - There are taxes paid, too
You would think the media would report this also.
I guess my naïveté is showing...
I guess my naïveté is showing...
Mark J. Perry posted this on his blog:
"The breakdown, according to Perry, is $9.3 billion in income taxes, $8.4 billion in sales-based taxes and $11.6 billion in other taxes.
Thus, Exxon-Mobil paid nearly $3 in taxes for every $1 in income. Exxon-Mobil’s income taxes of $9.3 billion in Q1 2008 also set a new all-time record for the highest amount of income taxes ever paid by a U.S. corporation in a single quarter."
