The Mudcat Café TM
Thread #113173   Message #2403768
Posted By: GUEST,Jack the Sailor
02-Aug-08 - 02:41 PM
Thread Name: BS: Exxon Mobil Corp. Record profits
Subject: RE: BS: Exxon Mobil Corp. Record profits
Where are you getting this stuff? Exxon.apologists.com? I simply don't believe them without a source.

The sales taxes and other taxes aren't taxes on Exxon, they are taxes paid on the importation and sale of petroleum products. I can't speak for the "effective income tax rate" because you haven't shown where you got the ridiculous figure of 44% but it sure seems like a lie. The maximum corporate tax rate is only 35% and Exxon has some pretty good lawyers. I've got to tell you. If I was a shareholder and I saw that. I'd be after the CEO and CFO's heads.