Re: Diesel 9,5$/gl in Norway

On May 10, 7:44=A0am, jdoe <j...@[EMAIL PROTECTED]
> wrote:
> On Fri, 9 May 2008 21:31:43 -0400, "Commuter" <t12...@[EMAIL PROTECTED]
>
> wrote:
>
> >Where do you get that at the government gets half of the profits?

It's a well known fact that the top cor****ate tax rate is 50%.  With
record profits, the major oil companies are paying at the top rate.
And even with that rate, income tax is less than half of the total
taxes paid.     Here's Exxon for example:

"On May 1, Exxon Mobil announced first-quarter 2008 earnings of $10.9
billion=97a figure that marks the second-largest U.S. quarterly profit
ever, even if it slightly missed Wall Street's expectations.


Perhaps more surprising was this figure buried in the Exxon (XOM)
re****t: $9.3 billion. That's how much Exxon paid in worldwide income
taxes in the first quarter of 2008, representing a 49% tax rate on
its
gross income of $20.2 billion.


Blogger and economist Mark Pery generated a lively discussion when he
pointed to Exxon's "all-time high" income-tax figure, noting it was a
small ****tion of the company's overall $29.3 billion total tax
payments in the quarter. "



Now, isn't it a funny thing how you just about never hear any of that
re****ted by the popular news media?


>
> so your clueless also, the government makes more money per gallon sold
> than the oil companies do


I leave it for others to judge who's clueless here.   But you are
correct that the govt actually receives more money per gallon sold
than Exxon keeps as profits.




> __________________________________________
> Never argue with an idiot.
> They'll drag you down to their level and beat you with experience.