Quote:
Originally Posted by MeatGrinder
Exxon makes an average return of 9% year after year. The "Big Oil" companies also make between a 8-9% return, year after year.
As a comparison:
Microsoft 2007 sales of 51.1 billion, net profit of 14 billion = 27% return
Coca Cola 2007 sales of 28.8 billion, net profit of 6 billion = 21% return
So stop blaming Exxon, and start getting mad at Coke.
BTW, Exxon paid $29,800,000,000.00 in income taxes last year. That's
29.8 billion. But what the heck. Let's squeeze 'em for more. That will
make everybody feel better.
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Microsoft profits dont come from raising there prices, it from selling more products. and the same with coca cola. i was paying $5 for 2 cases of coke 5yrs ago and last week paid the same thing.
if Exxon CPA's are as smart as me they got most of that money back. I paid over #7k in taxes and got back over $7k. and that was the legal way. yes squeeze them for more...they squeeze me for more...so why not. my wife runs her own daycare and she make more then she made last year. but she did not raise her prices...she just increased the amount of kids at her daycare. and you do not want to know how much she pays in taxes. but i guess i can understand you point if Exxon dont get any money after paying there taxes. but then again if thats the case then they are not smart with the money.