AZGrizFan wrote:expandspanos wrote:
Keep laughing as gas goes from 4 to 5 to 6 dollars a gallon, meanwhile they were paying 7 cents in Venezuela.. We're not getting ripped off.. there's no way, keep on laughing.
Meanwhile, or government essentially outlaws cars that get more than 50 MPG.. Nah, they're not intentionally ripping us off, our government would never do that. Exxon Mobile payed zero dollars in taxes last year.. But it's all good, they shouldn't have to pay taxes, that's what we're for.
Stan Meyer's last words: "They poisoned me.." I'm sure the guy was delusional.. most people say that right before dying.
a) Venezuela pays 7 cents a gallon because it's a police state and the oil is gov't owned.
b) THere are numerous 50 mpg cars on the market in the U.S.
c) Exxon paid $31 BILLION in taxes in 2012. 2013 Figures aren't completed yet.
d) Yes, he proaby was delusional.
A) Venezuala is not a police state, that's propaganda, just like what they did with Libya, another country that had 14 cent a gallon gasoline before the NATO invasion- funny the countries we are told are "brutal dictatorships" and "police states" all have extremely cheap gas, isn't it?
B) No there aren't. - Only 1 Car gets 51 MPG that isn't electric- Volkswagen Passat TDI SE- and that's highway- even though there are many cars in Europe doing much better than that, which we aren't allowed to buy in our amazing "free market."
C) You are right about last year- I was wrong on that. It was the first time they paid much, the years before that not so much:
2009: The company paid no taxes to the U.S. federal government in 2009, despite 45.2 billion record profits. It paid $15 billion in taxes, but none in federal income tax.
Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a
$156 million rebate from the IRS, according to its SEC filings.
2009:
Exxon's Income Tax: $0 [UPDATED]
2011: Exxon Mobil, which only sent 2 percent of its $73.3 billion earnings to the IRS.
#1 Exxon Mobil (XOM)
Pre-tax earnings: $73.3 Billion
Tax Provision: $31.1 Billion (42%)
Actual Taxes Paid to U.S. federal government: $1.5 Billion (2%)
Exxon paid $1.5 billion to the U.S. federal government in 2011 and deferred paying an additional $1.6 billion.
It paid the majority of its taxes to foreign governments where it operates ($28.8 billion).
Subsidies are one of the reasons ExxonMobil has paid less than half the official U.S. corporate income tax rate of 35%. Between 2010 and 2012, ExxonMobil reported more than $30 billion of U.S. pre-tax income and paid $4.6 billion in corporate income taxes, according to its Securities and Exchange Commission filings
. That’s a tax rate of just 15% compared to the official corporate tax rate of 35%. This tax subsidy cut ExxonMobil’s taxes by $6.2 billion over three years. In 2009, ExxonMobil got an even better deal when the company reported $2.5 billion in U.S profits and got a federal tax rebate of $954 million, according to
Citizens for Tax Justice
.
ExxonMobil had also accumulated $43 billion in offshore profits by the end of 2012, on which it paid no U.S. taxes. Nearly one-third (29 of 92) of ExxonMobil’s foreign subsidiaries are registered in tax-haven nations that impose little to no tax on corporate profits.
D) Nobody runs out of a meeting with investors looking into buying their technology yelling "They poisoned me" coincidentally.