    (Source: Washington Times)   I. Good Things Come in Small
Packages                 Georgia Plant   For more reading, dive
into the full report below.  Sources: Univ. of Chicago, EPIC
Comments     Threshold   RE: Government intervention By ppardee
on 12/15/2011 3:45:00 PM , Rating: 5 It was an example of how to
spin the numbers, which the liberal media does constantly. These
numbers are 100% accurate (insofar as they aren't falsified).
First, this is US taxes and US earnings only. The corporate tax
around the world is much lower. Second, the 'earned' refers to
net profits. So, while this statement seems to say that they had
an effective tax rate of 145%, in reality, it only means that
they paid more taxes to the government than they were able to
retain as profits in the US (The taxes came out of gross
earnings). The extension of this statement and yours would be
that even though they made record profits, they also paid record
taxes.  Another spin in the other direction is that Exxon's
effective tax rate