Transcribed
Should Taxes be MORE than Company Profits?
Should Taxes be MORE than Company Profits? TOTAL SALES $486.4B ExonMobil $266.5B Cost of Materials Sales Taxes $33.5B Income Taxes $31.0B Other Taxes/Fees $40.0B $79.8B Cost of Operations 82,100 Employees PROFIT $41.IB GOVT TAKE TAXES & FEES $104.5B Source: Form 10-K, February 24, 2012
Should Taxes be MORE than Company Profits?
shared by sharilee on Apr 08
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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...
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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.
Source
http://blog....ost-value/Category
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