http://www.yourcpapartners.com/blog/2008/10/07/oil-companies-evil/ Accounting, tax and new business topics for informed entrepreneurs and individuals. Tue, 31 Jan 2012 10:14:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.yourcpapartners.com/blog/2008/10/07/oil-companies-evil/comment-page-1/#comment-25 Beancounter Ramblings » Blog Archive » Windfall Profits for Hershey? – Bordeaux & Bordeaux Mon, 16 Feb 2009 04:18:08 +0000 http://www.yourcpapartners.com/blog/?p=202#comment-25 [...] I have to question what is considered reasonable? Isn’t Exxon already hit hard enough with taxes? The article points out that between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes - far exceeding its after tax income of $19.0 billion. Put another way, they paid the U.S. government an amount in taxes that equaled 77% of their pre-tax U.S. Income. You can read more on how little Exxon actually gets to keep from its earning from my earlier post, “Oil Companies are Not Evil!” [...] [...] I have to question what is considered reasonable? Isn’t Exxon already hit hard enough with taxes? The article points out that between 2003 and 2007, Exxon paid $64.7 billion in U.S. taxes – far exceeding its after tax income of $19.0 billion. Put another way, they paid the U.S. government an amount in taxes that equaled 77% of their pre-tax U.S. Income. You can read more on how little Exxon actually gets to keep from its earning from my earlier post, “Oil Companies are Not Evil!” [...]

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