Apple Income Taxes 2nd highest Ping!
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Well, well ... when people say that Apple doesn’t pay enough in taxes, I’ll ask them if they want Apple to be “NUMBER ONE” in paying taxes instead of number two?! ... LOL ...
Go ahead, Democrats. End the era of fossil fuels. I dare ya!
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That lead paragraph is a dog’s breakfast. It keeps jumping back and forth between taxes paid and market cap as if those things had anything to do with each other, and doesn’t cite the numbers that actually would be relevant.
Left wing leaning APPL gets a pass. Imagine that!!!!
What this doesn’t tell us is that Exxon-Mobil also paves the way for Local, State and the Federal Government to collect Trillions of Dollars in Sales and Transportation Taxes.
Every Gallon of Diesel and Gasoline sold generates more Net Profit for the Government than the Company that actually Produces the product.
For Gasoline priced at $3.00 Per Gallon in CA for instance, the End User (Consumer) is paying approximately $.85 Per Gallon in Federal / Federal Excise Taxes and Local / State Sales Tax, not including the new unseen Cap and Trade Tax paid by Fuel Distributors.
The more Economical the Cars get, the more impetus for the Politicos to raise Fuel Taxes to keep their pockets full.