16 of 20 people found the following review helpful
Verified Purchase(What's this?)
This review is from: Shakedown: The Continuing Conspiracy Against the American Taxpayer (Hardcover)
GREAT BOOK! More should read this book, explaining how over time the unions have made this a socialist county. My believes are that unions were needed at one time. Little did we know or understand (care) just how bad things would become. Read "Shakedown" The Continuing Conspiracy Against the American Taxpayer"
Tracked by 1 customer
Sort: Oldest first | Newest first
Showing 1-2 of 2 posts in this discussion
Initial post: Jan 16, 2011 9:17:55 AM PST
In reply to an earlier post on Mar 9, 2011 3:53:32 PM PST
In its 2009 annual report to the SEC, ExxonMobil recorded the largest tax expense of any US company at $17.6 billion (47% of pre-tax earnings).
How 'bout 2008, you may ask?
Well, in 2008 XON paid $116.2 billion in taxes. The breakdown is as follows . . .
income taxes, $36.5 billion
sales-based taxes, $34.5 billion, and
"all other" taxes, $45.2 billion
In 2008, ExxonMobil paid about $318 million in taxes each day.
I don't want to get into your complete lack of understanding of who is responsible for the majority of the tax burden in this country, but to mention the fact that 47% of all filers pay no federal income tax.
A word of advice: stay away from the left wing websites. They'll only make you look like a fool.
‹ Previous 1 Next ›