Exxon & Shell Show Profits...And they Paid Taxes.

Discussion in 'Economy' started by LibocalypseNow, Apr 28, 2011.

  1. LibocalypseNow
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    LibocalypseNow Senior Member

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  2. LibocalypseNow
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    LibocalypseNow Senior Member

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  3. LibocalypseNow
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    LibocalypseNow Senior Member

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    Large Corporations do pay Taxes. GE doesn't but most others do.
     
  4. FuelRod
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    FuelRod Gold Member

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    They all gave more to charity than the Obama's and Biden's combined too ;)
     
  5. Dr.Drock
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    Dr.Drock Senior Member

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    At least they're contrubuting to the wars our bureacrats start for them.
     
  6. LibocalypseNow
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    LibocalypseNow Senior Member

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    The Lefty "Evil Corporation" crowd has created a lot of silly myths about Corporations and Taxes. Most large Corporations do pay a serious amount of Taxes. Ironically it's their guy in the White House right now who is buddy-buddy with one of the few Large Corporations that doesn't pay Taxes. GE practically runs this current White House. Jeffrey Immelt their "Jobs Czar?" Yikes!
     
  7. LibocalypseNow
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    LibocalypseNow Senior Member

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    Also,GE Outsourcs 50% of their Work-Force to Foreign Countries.
     
  8. PoliticalChic
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    PoliticalChic Diamond Member

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    Glad you keep the picture in focus!


    And, of course, the antibusiness crowd loves stories about how much Big Oil is stealing from the American people! On the contrary, in 2006, the oil industry paid $81 billion in income tax, and while Exxon’s earnings increased 89% from 2003 to 2007, their income taxes increased 170%. Exxon: Profit Pirate or Tax Victim?


    The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. “According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnote—if that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion.” Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
     
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  9. LibocalypseNow
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    LibocalypseNow Senior Member

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    It's just convenient ignorance from the "Evil Corporation" Left. You just don't hear much from these same people on GE not paying any Taxes. Jeffrey Immelt their "Jobs Czar?" What a scam.
     
  10. LibocalypseNow
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    LibocalypseNow Senior Member

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    GE was making $10.3 Billion while receiving more Tax Breaks that led to them not paying any Taxes. Wow.
     

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