Thursday, October 30, 2008

Did you see the record taxes ExxonMobil paid in the third quarter? ?

Did you see the record taxes ExxonMobil paid in the third quarter? You didn't see that? You didn't see that? You didn't see the story on the record taxes ExxonMobil paid? You didn't? What did you see? Oh, you saw a story on their record profits? Well, I saw that, too, but that's not the story. "ExxonMobil Posts Biggest US Quarterly Profit Ever." Yeah, yeah, yeah. It was a $14.8 billion profit in the third quarter, largest ever. Their taxes were $11.3 billion. That's a record tax payment for ExxonMobil in one quarter: $11,327,000,000. By the way, with the plummeting oil price their fourth quarter ain't going to be anywhere near $14.83 billion. Mark my words. Talking about how we don't know what to... Well, I know what to believe, don't misunderstand. I know. I know when the media is lying, but the average consumers of news, you don't know what to believe, you can't get a gut feel for anything; nothing is true anymore. [snip] Exxon's taxes this quarter are $11.3 billion. People are saying, "Their profit was $14 billion!" The tax was $11 billion. The bottom line is Exxon is paying a whole lot of taxes on whatever profits they are making.

No comments: