The Mudcat Café TM
Thread #140645   Message #3237465
Posted By: Q (Frank Staplin)
11-Oct-11 - 06:23 PM
Thread Name: BS: Wall Street Protesters...
Subject: RE: BS: Wall Street Protesters...
Statement by Bobert incorrect. Sales taxes, etc. in the statement of income and expenses.
Read the summary annual report for 2009, especially the financial summary p. 38.
Total sales and operating revenus in 2009 was 301.5 billion, with total costs and deductions 276 billion, which included sales taxes, product purchases*, manufacturing and sales expenses, and other taxes incurred (foreign, etc.).
This leaves approx. 35 billion income before income taxes.

*Much of supply purchased from governments and producing companies around the world.