Tuesday, October 21, 2008
Windfall Profits?
Senator Obama is pushing for windfall profits on corporations such as ExxonMobil. As a reminder, yes Exxon makes a lot of money ($40B after tax income or about 10% of revenues), but Exxon pays more in taxes than the bottom 1/2 of all taxpayers or about $62B. I think Exxon pays it's fair share (Tim).
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