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To: HardStarboard; brownsfan

That’s it! Zachary!

The MSM (mainstream media) is ALWAYS FAST to point out
the PROFITS of “Big Oil” and the likes.

They ALWAYS “FORGET” to tell you how much of the $11 BILLION
that Exxon made goes to pay TAXES to tha gummint !!

Democraps are so STOOPID they think that they will PUNISH
the “Big Oil” companies with Obama’s proposed “Windfall
Profits Tax”. And in fact, it is the people at the pump
that would pay that tax in the form of HIGHER prices at
the pump since companies’ expenses are pass-through
expenses.


31 posted on 08/13/2008 8:28:15 PM PDT by MeekOneGOP (McRINO needs reach across the aisle to Conservatives for a CHANGE! Dang him!!!)
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To: MeekOneGOP
First paragraph of CNN/Money article on Exxon profits: Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion. on revenue of $138 billion in the second quarter.

This was 27 paragraphs down in the article:
In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called "other taxes."

And they were nice to mention this in the 12th paragraph:
Exxon spent $7 billion in the second quarter finding and producing more new oil, up 38% from last year. Still, oil and natural gas production from the company fell 8%.


40 posted on 08/14/2008 7:52:36 AM PDT by HardStarboard (Take No Prisoners - We're Out O)
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