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?

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