"In other words, just a single U.S. corporation (Exxon Mobil) will pay more in income taxes this year to various governments ($41.5 billion) than the total amount of all federal taxes paid by the residents (more than 5 million) and businesses of those six states in 2007. In 2007, Exxon paid almost as much in income taxes ($30B) as the total federal tax revenue collected in those six states ($32 billion).
In a previous CD post, I estimated that Exxon will pay more in income taxes in 2008 to various governments than the entire bottom 50% of American taxpayers (about 67 million) will pay in federal income taxes this year."
I think one of the comments gets it exactly right: Exxon Mobil ought to get 12 Senate seats.
No taxation without representation!
Enjoyed reading your blog. Thanks for bring me a good laughter. Best wishes, Rose Maner
ReplyDeleteThanks, Rose.
ReplyDeleteI like to think of this blog as a place of good common sense sanctuary from all the the insanity of political correctness and "progressive" agenda babble, dribble, drool, and spew.
How long sites like this continue to exist under an ObeyMe government is open to question.