Exxon-Mobil is receiving plenty of attention for posting a record $11.68 billion profit in the second quarter, but I see no mention of the fact that the company paid almost three times that much in taxes in the same quarter. Go to page 8 of Exxon’s second quarter financial report and you’ll see that the oil company paid more than $32 billion in taxes in just the second quarter. And more than $61 billion in taxes in the first half of the year! Despite paying a tax bill greater than the GDP of many countries, Democrats are still pushing for windfall profits taxes — to compensate for “excess profits”.
