Exxon earns and pays...
The big news that bothered me in these tough economic times was the profit that ExxonMobil announced today that they created in just one quarter: $14.8 Billion! However, looking at their Q3 Form 8-K they have to file to the SEC, there is a more complete story. In MILLIONS... Income taxes (based on a 48% tax rate): $11,327 Sales-based taxes: $9,327 All other taxes: $11,856 Total Q3 taxes: $32,510 Wow. ExxonMobil did make a LOT of money. They also paid a LOT of taxes - $32.5 Billion. What do you think? Is either (profit or taxes) too much, too little, or just right?