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View Diary: Ahead of profits release, ExxonMobil blames local station owners for prices (73 comments)

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  •  Do they pay it? (2+ / 0-)
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    noladerf, sap

    Given how many other giant corporations pay $0, if Exxon is paying 50% in taxes, I'd have to either say their accountants are idiots, or they're godless socialists, trying to screw up the natural order of things for every other giant corp by setting a bad example.

    •  Those are *all taxes*. (1+ / 0-)
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      VClib

      When people are talking about zero tax, they're talking specifically about US federal income tax.

    •  From the same post by Cohen (3+ / 0-)
      Recommended by:
      noladerf, Jon Says, VClib
      ExxonMobil is one of the largest taxpayers in the United States
      Last year, our total taxes and duties to the U.S. government topped $9.8 billion, which includes an income tax expense of $1.6 billion. Over the past five years, we incurred a total U.S. tax expense of almost $59 billion, which is $18 billion more than we earned in the United States during the same period. Critics often try to ignore these facts by saying the oil and gas industry receives “subsidies.” But what they really mean is that they want to increase our taxes by taking away long-standing deductions for our industry while leaving these same deductions in place for other sectors of the economy.

      AspiringtobethepersonmydogthinksIam

      by FOYI on Wed Apr 27, 2011 at 07:15:31 PM PDT

      [ Parent ]

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