Wednesday, August 06, 2008
Exxon-Mobil - the real numbers
It's very popular to bash this company; however, a 47% tax rate just doesn't seem right for ANY business...
Mark J. Perry has the story on his blog:
"Further, note that Exxon's tax rate so far this year is 47%, based on earnings before tax (EBT) of $42.4b and income tax payments of $19.8b, up from last year's rate through the first half of 42.5%. Why doesn't that significant tax hike for Exxon get reported?"
