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For helping millions of Americans save for retirement. Your performance has helped our 401k savings plans and made us LESS dependent on the government for retirement living.
Thank you very much.
"ExxonMobil earnings go to our shareholders
Once we’ve paid our expenses, paid our taxes and funded new projects, we turn the rest of the money over to our shareholders. Last year we distributed more than $19 billion to shareholders through dividends and share purchases.
If you’re living in the United States – where some 85 percent of our shareholders live – chances are you’re benefiting in some direct or indirect way from our earnings even if you don’t own our stock. For example, if you live in any of the following states, your public sector or teachers retirement funds hold shares in ExxonMobil: New York, California, Texas, Ohio, Colorado, Alabama, Tennessee, Alaska, Michigan, Pennsylvania, Kentucky and Utah. Many more retirement funds, 401-Ks and IRAs hold shares in ExxonMobil and other major publicly traded oil companies – including those for government workers and members of Congress."
I take it given the anti-profit/oil company demonization threads that you are hunting over bait.
I just find the ignorance around corporate profits and taxes to be highly amusing.
Every dollar of taxes that Exxon pays has one of two possible outcomes and both are bad for me and most Americans. 1) It reduces their profits and therefore their dividends or 2) they increase gas prices to achieve their target margins.
Either way, when Exxon pays more taxes, millions of hard working tax paying Americans are hurt.
I just find the ignorance around corporate profits and taxes to be highly amusing.
Every dollar of taxes that Exxon pays has one of two possible outcomes and both are bad for me and most Americans. 1) It reduces their profits and therefore their dividends or 2) they increase gas prices to achieve their target margins.
Either way, when Exxon pays more taxes, millions of hard working tax paying Americans are hurt.
I see your point illustrated perfectly here:
Quote:
Originally Posted by TempesT68
Exxon mobile is making massive profits by giving the squeeze to the american people from sky high gas prices. Not something to brag about.
I just find the hypocrisy stunning that those who complain the loudest don't notice that the government is taking taxes on the same product multiple times....all the way to the pump. That the government's take is greater than that of the oil producing/refining companies.
Already posted in other threads. Do you homework and educate yourself.
So mark your posting down as just hot air. Gotcha.
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