Exxon Record Profits

[Pilgrim]

Guess those huge campaign contributions to Bush/Cheney really paid off.

Exxon sets U.S. mark for quarterly profit - Jul. 31, 2008

It paid off for the US Treasury. Did anybody notice this paragraph in the article?

"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'."

That's a total of $32 billion in taxes for the 2nd Quarter, with $10.5 billion in income taxes alone. 18.4 cents out of every dollar in revenue goes to the Govt. in taxes. And Barack Hussein Obama wants to take even more as windfall profits taxes out of these guys to pay for his proposed stimulus plan? Obviously, he didn't take many Econ. classes in college.

 

[EagleRiverWI]

Sounds great to me. But what would keep people from going out of the country to buy their big ticket items?

Foreigners are coming here to buy because the dollar is so low and for them, things are really cheap here. What foreign big ticket items are people going out of the country to buy?

 

[EagleRiverWI]

It paid off for the US Treasury. Did anybody notice this paragraph in the article?

"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'."

That's a total of $32 billion in taxes for the 2nd Quarter, with $10.5 billion in income taxes alone. 18.4 cents out of every dollar in revenue goes to the Govt. in taxes. And Barack Hussein Obama wants to take even more as windfall profits taxes out of these guys to pay for his proposed stimulus plan? Obviously, he didn't take many Econ. classes in college.

There is also the gas tax at the pump in which the government profits, more than oil companies make on each gallon they sell.

 

[Moot]

Why isn't the left calling for an extra tax on windfall profits reaped by BIG ENTERTAINMENT? Could it be that Hollywood is making more than 10% profit on the slop that shows at the multiplexes? What about the music industry, pro sports and the furniture industry.

 

[OntarioVanMan]

Why isn't the left calling for an extra tax on windfall profits reaped by BIG ENTERTAINMENT? Could it be that Hollywood is making more than 10% profit on the slop that shows at the multiplexes? What about the music industry, pro sports and the furniture industry.

Yeah what he said....

original content?eh?

 

[greg334]

Hollywood needs to have a green tax impose on it, they produce more pollution than most of the people in the rest of the country.

 

[Moot]

original content?eh?

??????????????????

 

[theBeemer]

So about 10 cents on a gallon.

Gas Taxes

Ohio has to get fleeced...26 cents per gallon gas and diesel.
The horrible shape Ohio roads are in, although not as bad as some other states priceless.

Federal Tax 18 cents per gallon on both.....hmmmm

Add City County

And you wonder with all of these billions why are our roads in such horrible shape?
or who is the real thief here?