Thursday, July 31, 2008

Exxon makes $11 bil, Govt makes $32 bil

Professor Perry has done a stellar job of documenting the TAXES paid by Exxon. The media always highlight the profits but taxes are always a secondary topic. Oh, and by the way, the "evil" profits are what give Exxon stock value, the value that grows in the 401ks and pension funds of virtually every pension fund and retirement account held by Americans. That is a GOOD thing. And profits are the funds available to drill for new oil and hire new employees.