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Response to former9thward (Reply #22)

Mon May 7, 2012, 12:25 PM

23. Yes they are if you believe their propaganda.

But as Reuters explains, the oil industry uses a different methodology to claim it pays an artificially higher tax rate to the public. The industry “lumps together U.S. and foreign taxes. It includes taxes that are deferred and thus not paid yet. U.S. companies must pay taxes on profits earned abroad, but they can defer these taxes until they bring the cash into the country.”

http://thinkprogress.org/climate/2012/03/26/452213/exxon-mobils-tax-rate-drops-to-13-percent-after-making-35-percent-more-profits-in-2011/

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rhett o rick May 2012 OP
DirkGently May 2012 #1
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Hawkowl May 2012 #18
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valerief May 2012 #2
steve2470 May 2012 #3
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former9thward May 2012 #15
rhett o rick May 2012 #17
former9thward May 2012 #19
rhett o rick May 2012 #21
former9thward May 2012 #22
LineLineLineLineLineLineNew Reply Yes they are if you believe their propaganda.
rhett o rick May 2012 #23
former9thward May 2012 #24
rhett o rick May 2012 #25
rhett o rick May 2012 #26
Zax2me May 2012 #16
WillyT May 2012 #27
rhett o rick May 2012 #28
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