Tax the friggin’ oil companies, not the people.
Where do you think the money to pay any tax by any business comes from? It is included in the price of the product they sell.
ExxonMobil made $39.5 billion in profits last year.
They also paid $97.5 billion in taxes.
Sales-based taxes - $30.381B
Other taxes and duties - $39.203B
Income taxes - $27.902B
ExxonMobils 2006 Financial and Operating Review
http://exxonmobil.com/Corporate/Files/Corporate/fo_2006.pdf
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ConocoPhillips 2006
Net Income $15.5 billion
Taxes $31.0 billion
Income taxes $ 12.783B
Taxes other than income taxes $ 18.187B
ConocoPhillips 2006 Annual Report
Consolidated Income Statement
http://www.conocophillips.com/NR/rdonlyres/CA84868B-CB7C-4A44-BB60-AD5EFF254023/0/64_67.pdf
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Chevron
Income $3.8 Billion
Taxes $8.4 Billion
Taxes other than on income $ 5.533B
Income Tax $ 2.859B
CHEVRON CORPORATION 2006 ANNUAL REPORT
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-reportsAnnual
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