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ExxonMobil, Good Citizen
Topic Started: Mar 3 2012, 12:02 AM (278 Views)
LTC8K6
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Assistant to The Devil Himself
http://www.powerlineblog.com/archives/2012/03/exxonmobil-good-citizen.php

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Last year, while ExxonMobil’s operating earnings in the U.S. were $9.6 billion, our total contribution to the U.S. economy was $72 billion. That is how much ExxonMobil spent in the United States on things like taxes, salaries, returns to our investors and money paid to other businesses and industries to keep our U.S. operations running.

In other words, for every dollar we earned in the U.S., we contributed seven more dollars to the U.S. economy – to both governments and individual Americans.


Quote:
 

It is noteworthy that, as ExxonMobil has pointed out elsewhere, the company pays more in taxes in the U.S. than it earns on its U.S. operations.


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Baldo
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Pretty much says it all.
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Duke parent 2004
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Rarely will a politician or journalist acknowledge the obvious:. Through their employers' pension plans as well as in individually owned variable annuities, mutual funds, and stock accounts, American workers have for decades owned most of the equities and bonds issued by publicly listed American businesses.. In short, billions of dollars of dividends, interest, and capital appreciation have benefitted even ingrates who have never worked in the private sector.

It's as if Peter Drucker had never written The Unseen Revolution: How Pension Fund Socialism Came to America--which appeared in 1976.
Edited by Duke parent 2004, Mar 3 2012, 09:42 AM.
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kbp

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Just by chance, not that it means much, the Taxes and Capital Expenditures are the same
...which peaked my attention.

Would love to see a pie chart showing the difference in JOB creation between that
Capital Expenditures and Government Taxes!

Corporate taxes...
Edited by kbp, Mar 3 2012, 10:42 AM.
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abb
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kbp
Mar 3 2012, 10:41 AM
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Just by chance, not that it means much, the Taxes and Capital Expenditures are the same
...which peaked my attention.

Would love to see a pie chart showing the difference in JOB creation between that
Capital Expenditures and Government Taxes!

Corporate taxes...
In the case of ExxonMobil, there are 83,600 employees.
http://en.wikipedia.org/wiki/ExxonMobil
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