Fact is that while Exxon's 19 billion is a 10% profit on invested
capital, the government's 65 billion dollar "grab" is 34% on Exxon's
investment during the same period. It would be nice if we could
limit government not to take more profit than the company generating
the cash flow.
At 02:25 PM 10/20/2008 -0500, Mike Duvall wrote:
>....
>Exxon paid 65 billion in taxes from 2003 to 2007 and made 19
>billlion in profits. While they are a big company, their profits on
>investment is about 10%. ....
>
>It is pretty easy to attack politicians and big business but lets
>get the facts straight.
>....
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