Of the 3 biggest oil companies in the world, exxon mobil pays the highest Corp. income tax, why is that?

Exxon pays 45 % (40 fed, est 5 state), while BP amoco (england) pays 30% and dutch shell (netherlands) pays 33%. If hillary and obama have their way on windfall profit taxes, exxon as teh only american corp will be hardest hit. Don't you think corp taxes should be dropped so corps stay in america rather than move overseas?Of the 3 biggest oil companies in the world, exxon mobil pays the highest Corp. income tax, why is that?
Because it's an American company and the United States has the highest corporate tax rates in the world. That why so many American companies move operations offshore. Until oppressive taxation ends, expect more American jobs to leave.Of the 3 biggest oil companies in the world, exxon mobil pays the highest Corp. income tax, why is that?
It is an American company and keeps American jobs and opportunities in the US even though it costs them and their shareholders more.


A lot of their operations are overseas and they have the option of transferring their bookkeeping so they would pay less taxes.


This is what a lot of companies do when taxes become unnecessarily burdensome.


ExxonMobil generates jobs and helps the economy.


Punishing it by grabbing some of its profits to make people feel like they are ';getting even'; will harm the US economy.


Instead of getting the 45% of their taxes that we get now, that number would DROP to what the US Treasury gets from other companies.


Cutting off your nose to spite your face.





Other countries with more educated electorates understand this.
The government gets to tax corporations more if they can label them ';bad guys';. The whiners that don't know how capitalism works thinks that anyone who makes a profit are bad guys, so that gives the government all the excuse they need. Then once the corporation is taxed, they raise their prices to compensate, and the money is taxed again when it changes hands. Everyone loses (except the government, who is laughing to the bank, not the ';greedy corporations';).
Good grief. They paid 42% last quarter on their NET INCOME. on gross income, they paid 7.3%, and there are a lot of games you can play with those numbers (cash and stock awards to employees, debt reduction, increasing exploration, improving infrastructure, and ... heck, you could throw a heck of a company party and bundle that into costs, so it's deceiving).





7.3% isn't deceiving though, and that's how much of their revenue they paid in taxes.
Because of mergers and takeovers Exxon Mobile is larger than the Economy of Turkey...We are a nation of Corporate States, Frightening since they are not elected, want no outside controls, affect all of us and quite literally have us over the barrel...


of oil of course.


(Turkey is the 17th largest economy in the world.)
Yes, I completely agree with you.





But realize that Bush II by not ensuring that Iraq resume its position as a major producer has undermined the support for the Republican Party, the military and free markets.





He has done to the Republican Party what LBJ did to the Democrats.
Because they shoot people with BB guns.
taxes should be dropped to keep it here in the us you are right