Investment
July 28, 2016 at 4:25 p.m.
By -
In 2008 I invested $396 in a business. By the end of the year my investment had grown by $81 to $477. Of that $81, I had to pay $37 in taxes which left me an earned profit of $45. That is about a 9 percent return on my investment or 9 cents on the dollar as a shareholder. I was happy but I wouldn't call a 9 percent return on my investment a windfall at the expense of the US economy and American lives.
The above example is taken from Exxon's published 2008 financial statements, only the actual numbers are in billions of dollars. Yes, Exxon, one of America's largest companies, made a profit of $45.2 billion or $1,422 per second but whole truth is that Exxon also spent $396 billion or $12,440 each second on wages, services and supplies that helped the US economy grow and improved American lives. At the same time, Exxon paid $37 billion or $1,149 per second in taxes.
I am thankful for all of our American companies that exercise strong fiscal management to earn a profit. It makes America strong and improves everyone's standard of living.
Steve Jungbauer
Leesburg, via e-mail[[In-content Ad]]
In 2008 I invested $396 in a business. By the end of the year my investment had grown by $81 to $477. Of that $81, I had to pay $37 in taxes which left me an earned profit of $45. That is about a 9 percent return on my investment or 9 cents on the dollar as a shareholder. I was happy but I wouldn't call a 9 percent return on my investment a windfall at the expense of the US economy and American lives.
The above example is taken from Exxon's published 2008 financial statements, only the actual numbers are in billions of dollars. Yes, Exxon, one of America's largest companies, made a profit of $45.2 billion or $1,422 per second but whole truth is that Exxon also spent $396 billion or $12,440 each second on wages, services and supplies that helped the US economy grow and improved American lives. At the same time, Exxon paid $37 billion or $1,149 per second in taxes.
I am thankful for all of our American companies that exercise strong fiscal management to earn a profit. It makes America strong and improves everyone's standard of living.
Steve Jungbauer
Leesburg, via e-mail[[In-content Ad]]
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