Quote:
Originally Posted by LordBaine
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.
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A corporation like Exxon doesn't have taxes withheld every week like you do from your paycheck, only to get a refund at year's end.
They pay estimated payments quarterly, then when they file their taxes at the end of the year they
may get a refund or they
may have to pay more!
The $29
BILLION referred to was the net amount of taxes that they paid. Whether they paid 30 billion through the year and then got $1 billion back, or whether they paid $20 billion in estimated taxes and then had to pay the balance at the end of the year makes no difference.
They paid TWENTY NINE THOUSAND MILLION DOLLARS in income taxes!
