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[LordBaine]

Originally Posted by kevenj

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!

i know i said my last post was it but....my wife pays her taxes on the same schedule as Exxon so i know they pay that way....but if she made 40billion in profits then IMO $29.8billion in taxes is worth it. imagine how much they made if that is all they paid. i feel no petty for them...the corporate guy's make so much money its crazy. if i made 20million a year and had to pay 11million in taxes i would not complain myself because there is nothing i can not do with 9million....hell give me 9million a year after taxes and i'll put 6million in a money market or something and i can live the rest of my life off just the interest. one of the forum member on another forum i know personally is a millionaire and that is what he do. and he makes more in interest then he lives off. so i know these corporate guys are not hurting for money. most of these extremely wealthy guy's have taxes havens. from my wife starting her own business we have found so many ways that is legal to cut the amount of taxes paid, i am sure the corporate CPA's do the same thing as the CPA's for small business. But small business do not get all the same havens as large business. these companies only start hurting when they do not manage there business in the right ways, that is why the the business managers switch so often...but most never have to get another job after they are fired anyway....(huge bonuses if they are smart)...the more you make the greedier you get...lol....sorry for the thread jack.