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you have any idea where EXXON got these numbers Exxon is counting sale taxes, federal transportation taxes (you know those federal and state taxes we pay at the pump), excise taxes, they even count the lease payments and the ROYALTY payments they make for taking our oil as taxes they pay.
So, you agree with my post. Exxon has paid $59 billion in taxes over the past five years.
So you must also agree that the nut cases who say they pay no taxes are in fact, nut cases.
The oil companies have so much wealth their stockholders are doing quite well and it is naieve to think that much money can only buy one political party.
If the oil companies have a friend in government it is Obama. His cold turkey withdrawl strategy from oil and his economic tactics have driven the price of oil through the roof. This helps Obama to make alternative energy come in at a reasonable price. Eric 'he lap dog' Holder is providing a token smoke screen to investigate high prices.
The mystery of high oil and gas prices needs no further investigation to reveal what has been known on wall street and our government. Trump needs t press his theories out loud to force Obama to respond.
Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding “high oil prices to a staggering $30 billion in income” in 2010.
Exxon made over $10 billion more than fellow oil giant Chevron, the third most profitable company (AT&T edged out Chevron for the number two spot). ConocoPhillips’ $11.4 billion in profits put it in the 16th spot, giving the three oil giants a combined $60.9 billion in profits in 2010.
Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:
House Republicans rejected an effort by Democrats Thursday to use a procedural maneuver to force a vote on a bill to repeal a key oil industry tax break.
As they did in March, House Republicans voted unanimously to defend these wasteful, unaffordable and unfair oil subsidies, even though several members told their constituents they want to end them.
As long as the government continues to meddle in the economy this will continue. I used to see news like this and it would anger me at corporate America. Then I realized I'm getting mad the symptom, not the root cause.
sorry, i don't agree. when you run down to the beverage store and pay sales tax on your beer, YOU are paying that tax, not the beer company or the beverage store. You do know that at one time sales tax was a deductible item on individual federal tax returns and is still a tax deduction on many state tax returns. Exxon is taking credit for taxes they DID NOT pay.
Quote:
Originally Posted by Roadking2003
So, you agree with my post. Exxon has paid $59 billion in taxes over the past five years.
So you must also agree that the nut cases who say they pay no taxes are in fact, nut cases.
Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding “high oil prices to a staggering $30 billion in income” in 2010.
Exxon made over $10 billion more than fellow oil giant Chevron, the third most profitable company (AT&T edged out Chevron for the number two spot). ConocoPhillips’ $11.4 billion in profits put it in the 16th spot, giving the three oil giants a combined $60.9 billion in profits in 2010.
Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:
House Republicans rejected an effort by Democrats Thursday to use a procedural maneuver to force a vote on a bill to repeal a key oil industry tax break.
As they did in March, House Republicans voted unanimously to defend these wasteful, unaffordable and unfair oil subsidies, even though several members told their constituents they want to end them.
Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:
I would be more impressed if you would enlighten us and explain why the Democrats did not act to end subsidies when they were in control for the first two years.
Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding “high oil prices to a staggering $30 billion in income” in 2010.
Exxon made over $10 billion more than fellow oil giant Chevron, the third most profitable company (AT&T edged out Chevron for the number two spot). ConocoPhillips’ $11.4 billion in profits put it in the 16th spot, giving the three oil giants a combined $60.9 billion in profits in 2010.
Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:
House Republicans rejected an effort by Democrats Thursday to use a procedural maneuver to force a vote on a bill to repeal a key oil industry tax break.
As they did in March, House Republicans voted unanimously to defend these wasteful, unaffordable and unfair oil subsidies, even though several members told their constituents they want to end them.
2011 Earnings: First Quarter Exxon Mobil reported a huge increase in its profit for the first quarter profit of 2011, helped by higher oil prices and earnings from refining.
Exxon Mobil, the largest American oil company, said net income rose 69 percent to $10.7 billion, or $2.14 a share, in the first three months of this year, from $6.3 billion, or $1.33 a share, in the same period last year.
You see I did get it right. I flushed you out. You aren't interested in discussing the issue, you just want to complain about big business.
In you OWN post you use 2010, "Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding “high oil prices to a staggering $30 billion in income” in 2010".
Which I proved you wrong. They were not, "by far the biggest". They were number 2. it is called "moving the goalposts". When you are proven wrong move the issue. In your case NOW you post 2011 data.
Of course you don't dissect the data, you only want to whine because Exxon made money.
Why don't you do some research and tell us the breakdown of the Exxon data? Like gross revenues, vs. profits ,number of employees, dollars spent on research and development, US vs. the rest of the world costs, profits etc., how rising oil proces, which Exxon has very little control over, affects profits etc. You might be surprised.
Or would just rather complain? it is after all much easier.
you sure on that, ALL drilling is STOPPED in the gulf? is that your final answer? are you seriously claiming there is ZERO drilling on the Gulf right now?
Obama's drilling moratorium causes major company to go bankrupt
Ed Lasky
[SIZE=3]On top of tens of thousands of workers losing their jobs when Obama imposed a drilling moratorium by executive order (and fudging what scientists and experts believed in order to justify his moratorium) now comes news that Seahawk Drilling, a major publicly-held drilling services company, has declared bankruptcy due to the sharp decline in Gulf drilling work.[/SIZE][SIZE=3]From USA Today:[/SIZE]
[SIZE=3]Seahawk Drilling Inc. said it has filed for bankruptcy protection and plans to sell its fleet of offshore drilling rigs to a competitor for $105 million.[/SIZE]
[SIZE=3]Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy exploration in U.S. waters.[/SIZE]
[SIZE=3]Employees will be let go; shareholders are suffering big losses as the stock plunges. Gulf communities have already been stricken by big job losses and declines in state tax revenues. We have become even more dangerously dependent on overseas sources of crude and prices have skyrocketed as Obama turned the handle to the off position when it comes to Gulf oil drilling.[/SIZE]
[SIZE=3]There has been a lot of damage caused by [/SIZE][SIZE=3]Barack Obama's policies and there will be a lot more to come as long as he is in office. American Thinker Blog: Obama's drilling moratorium causes major company to go bankrupt
LOL, you are giving EXXON credit for federal gas taxes that the consumer/taxpayer (the ultimate purchaser) pays. We pay the federal gas tax at the pump. If that wasn't the case, IRS Form 4136 wouldn't exist. http://www.irs.gov/pub/irs-pdf/f4136.pdf
Quote:
Originally Posted by workingclasshero
and???
what is your problem
exxon paid over 22 billion in taxes in 08..paid over 15 billion in 09..and the '10' numbers havent been released yet
they pay lots of taxes..and not just to the USA since they are an INTERNATIONAL company
so again,,what is your point???
Last edited by buzzards27; 05-07-2011 at 09:01 AM..
Exxon Mobil is by far the most profitable company in the new Fortune 500 list, riding “high oil prices to a staggering $30 billion in income” in 2010.
Exxon made over $10 billion more than fellow oil giant Chevron, the third most profitable company (AT&T edged out Chevron for the number two spot). ConocoPhillips’ $11.4 billion in profits put it in the 16th spot, giving the three oil giants a combined $60.9 billion in profits in 2010.
Today, the Republicans in the House of Representatives celebrated this massive redistribution of wealth from American families to oil executives. With the support of 7 oil-patch Democrats, 234 Republicans voted to block a bill to eliminate a $1.8 billion annual subsidy that treats oil drilling as “domestic manufacturing”:
House Republicans rejected an effort by Democrats Thursday to use a procedural maneuver to force a vote on a bill to repeal a key oil industry tax break.
As they did in March, House Republicans voted unanimously to defend these wasteful, unaffordable and unfair oil subsidies, even though several members told their constituents they want to end them.
I agree... corporations are corrupt! so are politicians...
Think about what the debate is in a nut shell... should Exxon keep their profits or should "government" get them...
No matter what happens... as a middle class white male I will still be paying more at the pump, more on my taxes, and geting nothing for it!
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