[thackney]

ExxonMobil for example,

profit kept from total revenue = 7.7%

taxes paid from total revenue = 21.7%

Government makes 3 times the money than this company does from the sales.

http://www.sec.gov/Archives/edgar/data/34088/000003408814000012/xom10k2013.htm
Ref page 36 & 53

[1010RD]

Wow, we’ve really been snookered as a people. Imagine if those taxes were plowed back into energy development or used in the productive sector?

I had always thought of Alaska as a conservative, frontier-like place of laissez-faire, only to find out it’s a welfare queen.