Exxon and taxes

Clayton Cramer says Exxon is supporting foreign corruption by paying income taxes to foreign governments.

During 2005, the Tax Foundation’s Jonathan Williams and Scott Hodge found, Exxon-Mobil, Chevron (NYSE: CVX), and ConocoPhillips (NYSE: COP) “paid a combined corporate income tax burden of $44.3 billion on their reported gross earnings. Compared to last year’s combined corporate income taxes of $29.7 billion, their burden for 2005 has increased by 49.2 percent and follows the overall trend of escalating corporate tax collections in the United States.”

The above is from an article on media bias about profits for oil companies.

The Tax Foundation clearly says those are taxes collected in the US for the US.

During 2005, these three companies paid a combined corporate income tax burden of $44.3 billion on their reported gross earnings. Compared to last year’s combined corporate income taxes of $29.7 billion, their burden for 2005 has increased by 49.2 percent and follows the overall trend of escalating corporate tax collections in the United States. In addition to corporate income taxes, the same companies paid or remitted over $114.5 billion in other taxes in 2005, including franchise, payroll, property, severance and excise taxes.

I would think our msm already demonizes corporations sufficiently without CC jumping on the bandwagon and saying Exxon supports terrorism.

Where are you getting the gas to go in your car? Does your buying gas mean you are supporting terrorism? Then you should quit buying gas, shouldn’t you, Mr. Cramer?