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Old 08-06-2008, 07:34 AM   #27 (permalink)
flstf
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Location: Moscow on the Ohio
Quote:
Originally Posted by aceventura3 View Post
I don't have much time, and I will get back to the points you have made. However, I just want to point out that, Exxon, in the second quarter of 2008 paid $11.4 billion in "other taxes and duties" and they paid $10.5 billion in income taxes totaling $21.9 billion on their record profits of $11.6 billion. This does not include the the $9.5 billion in sales taxes they collected for the government.
I suppose that most of these taxes were paid by their customers via higher prices. Someone once said "businesses don't pay taxes, people do". Whenever I hear polititians (including Obama) talk about windfall profit taxes or taxing big business, I assume that we are the ones who will actually be paying them.
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