Exxon Mobile
Senior Member
Joined: Nov 2005
Posts: 17,118
Likes: 7
From: Burleson, Texas
Originally Posted by s2krn
^^^^^^ Remember that is a Democratically controlled Congress that let that one slip by without acting.
Funny how I recall the dems taking control running on the change platform.
Senior Member
Joined: Jan 2008
Posts: 710
Likes: 0
From: Southeastern Virginia
Originally Posted by Screw50
"Those numbers sound low. Are you sure that's right?"
Dogg- I got those figures from a 2006 report. I am sure they are too low currently.
Dogg- I got those figures from a 2006 report. I am sure they are too low currently.
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Originally Posted by kingfish51
They do use federal land, which they lease. Same with off shore. They lease the areas they drill in. Not sure what the cost is, but it is not necessarily a token amount as they are competing against other companies for that lease.
They lease the land but the profit margin for a gallon of gas/barrel of oil is incredible.
We pay so many indirect ways....
Originally Posted by kingfish51
As far as taxes, my guess is that on that 400B gross, they would pay between 80 and 120B. Especially since a an international company they will be paying taxes to more than 1 country. Not just the US.
Edit-It also noted its U.S. tax bill from 2002 to 2006 was $59.9 billion, and that its worldwide effective income tax rate for 2006 was 43 percent.
Edit-It also noted its U.S. tax bill from 2002 to 2006 was $59.9 billion, and that its worldwide effective income tax rate for 2006 was 43 percent.