This is my first question I'm giving it a try!
As I have looked at exxons balance sheet i am amased why the ceo dose not respond to the press and congress and say " hay what have you guys done with the 90 plus BILLION $ my company has paid"
http://www.exxonmobil.com/corporate/files/corporate/sar_2005.pdf
page 38 Summary Statement of Incme
Please look at the words in the top left part of the page the ($ are in millions) so you need to put 6 zero after the number. their total revenue were $370,680,000,000
excise tax 30,742,000,000
other tax and duties 41,554,000,000
income tax 23,302,000,000
total 95,958,000,000
I am sorry but that is a f.. ,sh.. load of money, and that is only one co. What about shell oil, and BP oil. now that is unthinkable.
If ya ask me these co.'s are paying for the war all by themselves, and i can't ask them to pay more, that crazey, our goverment need to stop wasting the money on all this pork spending
2007-03-24 17:30:37 · 7 answers · asked by heariam660 2 in Politics & Government ➔ Law & Ethics
Excellent point.
2007-03-24 17:46:30 · answer #1 · answered by Michael E 5 · 0⤊ 0⤋
I think you have it slightly backwards. Exxon/Mobile receives billions of dollars in subsidies from the federal government, more than offestting any taxes it might otherwise owe. Why do you think Cheney is Vice President? For his health? What do you think the secret energy cabal was all about?
To the victor go the spoils. When you get to be president, then you can annoint your industry with federal funds.
2007-03-24 18:14:49 · answer #2 · answered by Anonymous · 1⤊ 1⤋
They pay a tiny fraction of profits for taxes. Why? They get lots of tax breaks, incentives and deductions. What a shame! We get to pay double digit taxes, they pay taxes with a decimal point before all the zeroes, as a percentage of a single percent.
I.E. .005 percent where we might pay 10 to 33 percent.
2007-03-24 18:15:55 · answer #3 · answered by krollohare2 7 · 0⤊ 1⤋
ExxonMobil gives quite a bit to the Texas state legislators in political contributions lol. Yeah, I know it's not the same, but HEY, they are contributing lol.
2007-03-24 17:35:36 · answer #4 · answered by Groovy 6 · 0⤊ 1⤋
It all went to Halliburton. Cheney has some of it. Ask him for it - see how far you get.
2007-03-24 17:38:31 · answer #5 · answered by jhartmann21 4 · 0⤊ 1⤋
Its in Iraq... and every other country but our own, and that includes Mexico.
2007-03-24 17:34:45 · answer #6 · answered by dkwr14 3 · 0⤊ 1⤋
Well. . . yeah!
2007-03-24 17:35:11 · answer #7 · answered by Anonymous · 1⤊ 0⤋