26 September 2012 0 Comments

Big Government’s Profits – ExxonMobil and the Energy Tax – ExxonMobil Pays Taxes Three Times Its Profits!

ExxonMobil Paid $1 Trillion in Taxes Since 1999, Three Times Its Profits¬† READ MORE Carpe Diem 9 August 2012 Mark J. Perry (as reported at TaxProf Blog) ¬†“For every dollar in profits it earns for its shareholders, ExxonMobil earns nearly three dollars for governments.” Forbes AEI 9 August 2012 Nick Schulz         […]

1 August 2011 0 Comments

Ethanol: Taxpayers for Common Sense and Turkey Lobby – and Oil Subsidies

Big Oil Big Corn: An In-depth Look at the Volumetric Ethanol Excise Tax Credit (May 30, 2011) recounts the beginning of the Ethanol subsidy and mandates in the 1970s, at time of oil shortage in the US. Corn itself has been subsidized since the 1030s; the Ethanol subsidy was a great leap forward. Some very […]