Thursday, July 31, 2008

Exxon posts record...taxes?

Reported in his blog Carpe Diem, Professor Mark Perry shows the relationship of Exxon's latest quarterly profit to the taxes they generate. Profits- $11.68 Billion. Taxes- $32.36 Billion.

This includes the taxes they collect at the pump, which congress is trying to increase. And keep in mind, there is a growing concern by states governments that we are conserving too much fuel, and they are losing out on the tax bonanza we pay at the pump. It is sad for them. Boo Hoo.

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