Both Clinton and Obama are running numerous ads talking about taking big oils windfall profits. Which should beg the questions what is a windfall profit? How much an increase in profit is allowed? Should all companies big and small be hit with the windfall profit tax?

I am going to go under the assumption that no one is aware of how much money Exxon made last year or the year before. As Obama loves to mention Exxon specifically I will stick with Exxon. In 2006 Exxon had sales totaling 377 billion dollars with a net profit of 39.5 billion so there was a margin of 10.47%. In 2007 Exxon's sales went up 7.4% to 405 billion with profit going up 2.8% to 40.61 billion or 10.02% margin. To put that into perspective Berkshire Hathaway had sales of 118 billion with 13.21 billion in profit for 11.1% margin a growth of 20% from the prior year.

40 billion is a lot of money. But at 10% they are hardly turning a huge profit. Obama and Clinton are demagoguing the issues by just talking about the 40 billion. Exxon has responsiblities to their shareholders to maximize their profit yet Exxon lowered their profit margin in 2007.

So what is a windfall profit? Exxon's profit grew by 2.8% while Berkershire Hathaway grew by 20%. Why is Exxon's a windfall? Berkshire Hathaway had a profit margin of 11.1% while Exxon's was only 10.02%. Why is Exxon's a windfall? Would Conoco Phillips have a windfall tax since they are a big oil company? Their profit was down 24% to 11.89 billion due to Hugo seizing assests. These are all rhetorical questions as we all know that Exxon is not making windfall profits.

Big oil makes less off of a gallon of gasoline than the combination of state and federal taxes. In Nc the state taxes alone top what big oil makes per gallon.

Worse the windfall taxes are a back door tax on the consumers as Exxon will still make 10% off their investments in 2008. In order to make the same percent in profit they will be compelled to raise prices which will then lead to higher windfall taxes.

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You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

Find out where these Socialists/Marxist/Communists get their idiology:
SOURCE OF LEFTIST IDIOLOGY

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"I did but teach the age to quit their cloggs By the plain rules of ancient Liberty, When lo! a barbarous noise surrounded me, Of owls and cuckoos, asses, apes and dogs." John Milton
The jews need to throw a holocaust, they owe us one.
http://zionistwatch.files.wordpress....ng-zionism.jpg

There's one thing in that article you linked to in which strays me away from the source. the section "Dual Citizenship" .


Jews are not the only people allowed to have dual citizenship in the U.S.A.
My wife has Dual Citizenship and she is from Brasil. My friend from Portugal and also has dual citizenship.

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Any libs out there believe that decreasing your profit margin is gouging that leads to windfall profits? Come one people both of the Democratic candidates are pushing this hard so they clearly believe it has traction with you.

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You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

Stop talking through your ass

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I have more dual citizenship Canadian friends than I can shake a stick at. Not that I would, they are pretty cool folk. The US designs it's citizenship rules to maximise the taxable income of citizens....go figure.

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"...and there is profuse adornment in the way of semi-tropical shrubs and flowers; and in one part is a piece of native wild-wood, left just as it grew, and, therefore, perfect in its charm. Everything about this cemetery suggests the hand of the national Government."

I gave you facts. Are you upset with the facts? Are you upset that you have been snookered by two lying politicians relying on your fear of a company making 40 billion for it's shareholder?

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You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

You dont have a clue.

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The Fortune 500's biggest winners - Exxon Mobil (1) - FORTUNE

Here is a site to go to verify the numbers I used.

Come on there have to be libs who think lowering your margin is gouging or why would Obama and Clinton go on about it?

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You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform

Then clue me in slick. I would love to hear here how 10% margin is excessive. I would love to here the logic behind a company lowering it's margin is gouging.

The murder of the eonomy was committed by Obama/Clinton in the Whitehouse with windfall profit taxes.

__________________
You don't have to be crazy to be a liberal, but it helps.

"Ask not what your country can do for you, ask what you can do for your country." JFK

Ask not was you can for your country, ask what your country can do for you. Obama Platform