The Mudcat Café TM
Thread #113173   Message #2403905
Posted By: GUEST,Jack the Sailor
02-Aug-08 - 05:36 PM
Thread Name: BS: Exxon Mobil Corp. Record profits
Subject: RE: BS: Exxon Mobil Corp. Record profits
Q

I also do not the "44% effective income tax" in the figures you provide. Trust me when I say that "Effective Income tax" is not a generally accepted accounting principle for tax purposes and also I ask you to trust me when I say that there is no way on Earth that Exxon is paying more than the 35% that it is required to by US law. If those figures are saying that they are paying more than 35% then either there is something left out of those figures or those figures are fudged.