Tiniest violin in the world
Oh, my, I'm just so worried for the future of corporations like Exxon-Mobil under the impending Obama administration:
Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.
Exxon's prior record was $11.68 billion in the second quarter of 2008.
Lordy, how could Der Comrade Obama possibly expect these guys to pay a bit more in taxes? Why, raise the top tax rate and they'll be reduced to begging on streetcorners, eating out of garbage cans and wearing empty barrels.
ABOVE: Rex W. Tillerson, six months from now
Won't somebody please think of the CEOs?
posted by Pere Ubu @ 7:57 AM
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Well they should really be scared of a Sarah Palin administration, since she "revamped Alaska's windfall-profits tax in order to increase the state's take."
"Alaska calls it a "clear and equitable share" tax. The state assumes that extracting oil from the tundra costs about $25 per bbl. and takes as much as 75% of the difference between that and the sale price.
"Why is a windfall-profits tax good for Alaska but not for the U.S.? Well, it's obvious, isn't it? People in Alaska are better than people in the rest of the U.S. They're more American."
Indeed.
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