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To: microgood
It is incorrect to say that MSFT made less than half the profit of XOM. One does not compare absolute numbers in finance: think of the profits of your local mom-and-pop grocery store vs. profits of IBM, say.

XOM's profit is about 19.5% of assets, MSFT's is 18.7% of assets. The two companies have the same profits (when adjusted for size).

Our elected, anti-capitalist and anti-American leaders are fascinated by large numbers. They hoped that people will use your logic and get upset about the many billions in profit of XOM. They know that most people do not know how to count money and, given the prevalent anti-capitalist sentiment in the country, will support their attempted persecution of xOM shareholders --- retirees, widows and orphans for the most part.

You should be more watchful in these matters. The point was

31 posted on 07/24/2007 11:24:07 AM PDT by TopQuark
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To: TopQuark
Our elected, anti-capitalist and anti-American leaders are fascinated by large numbers. They hoped that people will use your logic and get upset about the many billions in profit of XOM.

What logic? I am not saying I agree with any of this, I was just pointing out the difference between the Exxon/Microsoft numbers. I do not even believe in corporate taxes at all since it is just an tax on the consumers anyway.

The only time I think it makes any sense at all to tax corporations are for sales overseas where they cannot tax them except at the source.
32 posted on 07/24/2007 3:40:04 PM PDT by microgood
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