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Thread: ExxonMobil: High Earnings, Low Taxes, No Ethics

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    ExxonMobil: High Earnings, Low Taxes, No Ethics


    EXXON MOBIL: HIGH EARNINGS, LOW TAXES, NO ETHICS
    Global Revolution 1: American Revolution 2: Day 29: Communication 1
    15 Oct 2011 (g1a2d0029c1)


    Exxon Mobil Corporation is the the world's largest publicly traded international oil and gas company. It is a direct descendant of John D. Rockefeller's Standard Oil monopoly and - along with BP, Chevron, Royal Dutch Shell, and Total S.A. - one of the five global oil and gas 'supermajors'.

    "Over the past two years [2009-2010], ExxonMobil reported $9.91 billion in pretax U.S. profits. But it enjoyed so many tax subsidies that its federal income tax bill was only $39 million - a tax rate of only 0.4 percent."

    http://www.ctj.org/pdf/energy20110429.pdf

    "Even when Exxon Mobil had a record profit of $40 billion in 2008 due to record oil prices it had only a 31 percent effective tax rate. That's 13 percent lower than the maximum 35 percent despite being Exxon Mobil's fifth year as the top corporate earner in Fortune 500's annual listing. The company paid NO TAXES AT ALL to the U.S. federal government in 2009 on its domestic profits of nearly $2.6 billion. It appears that they avoided the tax man that year by legally funneling their profits through wholly owned subsidiaries in countries like the Cayman Islands, and reinvesting their earnings overseas... More striking still is the discrepancy between Exxon Mobil's rates and those of most American breadwinners. The company's effective rate of 17.6 percent is nearly 16 percent below the average individual federal tax rate, which according to the Congressional Budget Office was 20.4 percent as of 2007."

    http://www.americanprogress.org/issu...5/tax_man.html

    It is not by accident that one of the world's largest and most profitable corporations gets to keep so much of its earnings. In 2010 alone, Exxon Mobil spent $12.45 million keeping an army of 50 mostly 'revolving-door' lobbyists marching up and down the halls of Congress maximizing its federal income tax loopholes while minimizing all those pesky environmental protection and anti-trust regulations:

    http://www.opensecrets.org/lobby/cli...0129&year=2010

    This of course leaves them with plenty of cash for PR propaganda campaigns aimed at whitewashing their corporate image to not only wipe away unpleasant memories of the Exxon Valdez oil spill but also distract attention from inconvenient truths like their #2 ranking among the Toxic 100 Air Polluters in the U.S.:

    http://www.peri.umass.edu/toxic_index/

    That disclosure of course tags Exxon Mobil as a key contributor to the larger "Inconvenient Truth" of Global Warming, and the response of their spinmeisters has been to flood our corporate-controlled media with authoritative-sounding denials that such a thing even exists. And while Wikipedia entries are often incomplete, inaccurate or subjectively skewed, in this case the supporting references that follow indicate they got it right:

    "A recent analysis by Carbon Brief from 2011 concluded that 9 out of 10 climate scientists who claim that climate change is not happening have ties to ExxonMobil. The results showed that out of the 938 papers cited by climate sceptics, 186 of them were written by only ten men, and foremost among them was Dr Craig D. Idso, who personally authored 67 of them. Idso is the president of the Center for the Study of Carbon Dioxide and Global Change, an ExxonMobil funded think tank. The second most prolific was Dr Patrick Michaels, a senior fellow at the Cato Institute, who receives roughly 40% of his funding from the oil industry."

    http://www.zmescience.com/ecology/cl...s-exxon-mobil/

    http://www.carbonbrief.org/blog/2011...m-exxon-links/

    http://www.greenpeace.org/internatio...mate-30032010/


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    *

    * "Two days after [this report] was published, [Philip] Cooney resigned his position as chief of staff for the White House Council on Environmental Quality and got a job at ExxonMobil. However, his resignation was planned months before the memo was leaked and he had already accepted the position at ExxonMobil."


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    I will no longer follow Puppets labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.

    I am the People. And I am coming for the Puppetmasters.

    I am part of the 99 Percent. And I demand the following:

    1. End the Fed.

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    3. Repeal PATRIOT Act.

    4. Expose 9/11 Truth.

    5. End Profit Wars.

    6. Refund Taxpayer Trillions.

    7. Imprison the Kleptocrats.

    8. Single Term Limits.

    Or, if these demands are not addressed promptly:

    1. Regime Change.

    "Those who make peaceful revolution impossible will make violent revolution inevitable." - John F. Kennedy

    No talking heads on Comcast/GE's NBC/CNBC/MSNBC speak for us. No talking heads on Murdoch's Faux News speak for us. No talking heads at the Kleptocracy's Compliant News Network (CNN) speak for us (no matter how dull, deliberate or subtle their delivery). No talking heads in the lamestream media speak for us, period. And neither do ANY of the 537 bought-and-paid-for Kleptocracy puppets in Washington DC who will soon be joining our legions of unemployed!


    ###

    LABELS (A POEM OF PROTEST)

    "Democrat", "Republican",
    The parties of the system;
    Puppets both, for sale their votes,
    No character or wisdom.

    "Liberal", "Conservative",
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    Far "Left" we place the Anarchists,
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    Yet both decry the government:
    False continuum brought to light.

    For oil, "We" bomb their mud huts,
    Strip them bare, then offer "Aid";
    And fake their retribution as
    Pretext - a false flag raised.

    Unarmed hundred thousands killed
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    For with labels, "They" divide us.

    IronBoltBruce


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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    But is it Exxon's fault or the politicians who take their donations and changed the laws to allow them to do this?

  3. The Following User Says Thank You to Conley For This Useful Post:

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Quote Originally Posted by Conley View Post
    But is it Exxon's fault or the politicians who take their donations and changed the laws to allow them to do this?
    I called the General Dynamics one.....Just sayin! I was waiting to see what he has to say about G.E. Then Wally-World.(Wal-Mart)
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Hey Iron Head, you want to talk about ethics? How is spamming the crap out of this board with links to your blog ethical?



    :P

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Quote Originally Posted by Conley View Post
    Hey Iron Head, you want to talk about ethics? How is spamming the crap out of this board with links to your blog ethical?



    :P
    Typical liberal. The rules only apply to others, not to himself. His parents told him he was a very special boy!
    #1 Choice for POTUS: Mr. Wonderful #2 Choice: Herman Cain

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Quote Originally Posted by Midwest Media Critic View Post
    Quote Originally Posted by Conley View Post
    But is it Exxon's fault or the politicians who take their donations and changed the laws to allow them to do this?
    I called the General Dynamics one.....Just sayin! I was waiting to see what he has to say about G.E. Then Wally-World.(Wal-Mart)
    THE GENERAL ELECTRIC COMPANY ("GE"): MISINFORMATION AT WORK
    Global Revolution 1: American Revolution 2: Day 20: Communication 1
    6 Oct 2011 (g1a2d0020c1)


    1.a. GE (the General Electric Company, founded by Thomas Edison) is one of world's largest multinational conglomerate corporations, and ranks as the 14th most profitable company in the Fortune 500 for 2010:

    http://tinyurl.com/3bvzzsq

    1.b. Despite reporting 2010 worldwide profits of $14.2 billion with $5.1 billion of the total coming from its operations in the United States, GE paid no federal income taxes for that year. In fact, GE claimed a tax benefit of $3.2 billion.

    http://tinyurl.com/3fbktst


    2.a. GE has been one of the Top 100 federal government contractors and war profiteers for many years:

    http://tinyurl.com/4vc7aez

    2.b. GE has also maintained a Top 100 ranking in the Federal Contractor Misconduct Database for many years:

    http://tinyurl.com/5sxt4jz


    3.a. The GE "Ecomagination" PR (propaganda) program herald's their "...commitment to imagine and build innovative solutions to today's environmental challenges while driving economic growth."

    http://www.ecomagination.com

    3.b. Historically, however, GE has always valued earnings over the environment. The Political Economy Research Institute listed GE as the fourth-largest producer of air pollution in the U.S. in 2000, with more than 4.4 million pounds of toxic chemicals released into the air. And according to the EPA, only the U.S. Government, Honeywell, and Chevron Corporation are responsible for producing more Superfund toxic waste sites:

    http://tinyurl.com/4lh5too


    4.a. Jeffrey Immelt has been CEO of GE since 2001, and a top economic advisor to U.S. President Barack Obama since 2009:

    http://tinyurl.com/68hflmn

    4.b. This means "Bushbama" apparently saw no reason to hold Immelt accountable for GE defrauding not only the government but its own investors repeatedly over the course of his tenure:

    http://tinyurl.com/mztvfq


    5.a. GE claims its "...nuclear performance services business develops innovative and proven solutions that preserve and optimize nuclear power plants."

    http://tinyurl.com/67f65u2

    5.b. That claim is contradicted by the fact that GE designed the nuclear reactors that failed in Japan's Fukushima Dai-ichi plant (of which there are 23 similar units in service in the U.S. right now), and GE placed those units in service even though one of its own scientists resigned rather than attest to their safety:

    http://tinyurl.com/69yyh37


    6.a. A global greed-based corporation like GE has more than a minor motivation to "manage" their public image, which is why GE has long been a major stakeholder in NBCUniversal, which in turns controls an alarmingly significant portion of what gets broadcasted on American airwaves (be sure to scan the entire list):

    http://www.nbcuni.com/corporate/about-us/

    6.b. So before you get led down the wrong path by righteous-sounding Judas goats like MSNBC's Dylan Ratigan, think long and hard about who's buttering their bread. That should help you distinguish champion from charlatan:

    http://tinyurl.com/5vncsaq


    Q. Why does a greedy Kleptocrat like GE tolerate and underwrite a gaggle of "Left Wing" talking heads on MSNBC?

    A. To counterbalance the "Right Wing" talking heads on Fox News, and keep us attacking each other and not THEM!

    http://tinyurl.com/3owuw8m


    ###

    Anonymous: The Bankers Are The Problem

    (listen)

    Anonymous: Message to the Federal Reserve and U.S. Congress

    (read it)


    ###

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    I am part of the 99 Percent. And I demand the following:

    1. End the Fed.

    2. Reverse Citizens United.

    3. Repeal PATRIOT Act.

    4. Expose 9/11 Truth.

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Quote Originally Posted by Mr. Wonderful View Post
    Quote Originally Posted by Conley View Post
    Hey Iron Head, you want to talk about ethics? How is spamming the crap out of this board with links to your blog ethical?



    :P
    1. If we are all honest with ourselves, we will admit that we call "spam" anything we subjectively don't like or want to see, which means "spam" has no objective meaning in this context.

    2. If you read any of my posts all the way through, you will learn that labels like "liberal" are artificial, and serve only to divide and distract us.

    3. 1 + 2 = Your post doesn't mean anything to me. Sorry...


    Typical liberal. The rules only apply to others, not to himself. His parents told him he was a very special boy!

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    There is zero reason to engage in any discussion here, this is nothing more than a rag fest and blog pimp.
    my junk is ugly

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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Quote Originally Posted by Captain Obvious View Post
    There is zero reason to engage in any discussion here, this is nothing more than a rag fest and blog pimp.


    Oh.....so you are saying. It Ain't Nothing! ;D



    You heard the Cap. Get ya gear.....theres a job to be done.
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    Re: ExxonMobil: High Earnings, Low Taxes, No Ethics

    Maybe I'm in the minority here, but these posts sure seem like invitations to some political blog cause rather than promote political discussion on PR.

    Yeah, I know we need more activity here but - again, maybe it's just me but someone cutting/pasting links to his blog and not engaging any discussion seems like bad volume.
    my junk is ugly

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