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

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  •  From the same post by Cohen (3+ / 0-)
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    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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