Should Taxes be MORE than Company Profits?

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There’s a problem with the anti-business rhetoric being bandied about. In case we’ve forgotten, businesses create jobs – jobs that drive the economy. Businesses also pay taxes – a lot of taxes. Quick quiz. Did you know… • In 2011, ExxonMobil made profits after taxes of $41.4 billion on sales of $486.4 billion. That’s ~ 8.5 cents in profits per dollar of sales. • Combined taxes for ExxonMobil last year were $104.5 billion. That’s ~ 21.5 cents in taxes per dollar of sales. ExxonMobil takes the risks and the government makes 2.5 times more than the company does.
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Added: 1 year ago

Rank: 1597 of 4778 in Business

Tags: taxes, politics, Profits, business

Source: http://blog.telesian.com/business-politics-where-do-we-get-the-most-value/

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