I didn't know that. Makes the Dims statements even more ridiculous, and I didn't think they could be. Obscene profits? More like obscene confiscatory taxes.
10 posted on 02/03/2007 1:31:22 PM PST by American_Centurion
(No, I don't trust the government to automatically do the right thing.)
It's due to a number of factors, including excise taxes likely being included in the total, and U.S. companies being taxed on their worldwide income regardless of source. That fact was buried in one of the articles about Exxon's obscene profits.