{"id":136,"date":"2008-02-11T12:00:49","date_gmt":"2008-02-11T17:00:49","guid":{"rendered":"http:\/\/stonescryout.org\/?p=136"},"modified":"2008-02-11T12:01:16","modified_gmt":"2008-02-11T17:01:16","slug":"record-profits-but","status":"publish","type":"post","link":"https:\/\/stonescryout.org\/?p=136","title":{"rendered":"Record Profits, But&#8230;"},"content":{"rendered":"<p>When oil company revenues are reported under screaming headlines in the paper or on new sites, they&#8217;re only telling you part of the story.  Dr. Mark Perry <a href=\"http:\/\/seekingalpha.com\/article\/63131-exxon-s-2007-tax-bill-30-billion?source=side_bar_editors_picks\" target=\"_blank\">fills us in<\/a>.<\/p>\n<blockquote><p>Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. Do a Google search for &#8220;Exxon profits&#8221; and you&#8217;ll get about 8,000 hits. Now try &#8220;Exxon taxes&#8221; and you&#8217;ll get a little more than 300 hits. That&#8217;s a ratio of about 33 to 1.<\/p>\n<p>I&#8217;m pretty sure that Exxon&#8217;s tax payment in 2007 of $30 billion (that&#8217;s $30,000,000,000) is a record, exceeding the $28 billion it paid last year.<\/p>\n<p>By the way, Exxon pays taxes at a rate of 41% on its taxable income!<\/p><\/blockquote>\n<p>Dr. Perry has a quick graphic to illustrate profits vs. taxes, and, after a little quick math, notes that this one corporation, Exxon, pays more taxes than the <em>entire<\/em> bottom 50% of all taxpayers.<\/p>\n<p>Just asking for a little perspective.<\/p>\n<p>[tags]economics,taxes,Exxon Mobile,profits,oil industry[\/tags]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When oil company revenues are reported under screaming headlines in the paper or on new sites, they&#8217;re only telling you part of the story. Dr. Mark Perry fills us in. Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. Do a Google [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,15],"tags":[],"class_list":["post-136","post","type-post","status-publish","format-standard","hentry","category-doug","category-economics-taxes"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"description\" content=\"When oil company revenues are reported under screaming headlines in the paper or on new sites, they&#039;re only telling you part of the story. Dr. Mark Perry fills us in. Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. Do a Google\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Doug\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/stonescryout.org\/?p=136\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.3\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Stones Cry Out\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Record Profits, But\u2026 | Stones Cry Out\" \/>\n\t\t<meta property=\"og:description\" content=\"When oil company revenues are reported under screaming headlines in the paper or on new sites, they&#039;re only telling you part of the story. Dr. Mark Perry fills us in. Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. 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