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Brucelee · 05-05-2011, 11:33 AM

I am saying from an accounting point of view, the line item called incomes taxes does NOT include pass through taxes like sales tax collected on the gas.

It DOES include Federal and State Corporate income taxes. Taxes of other kinds show up in other places in the income statement

In 2010, Exxon paid 21.561B in income taxes on 52.959 in pre-tax profits.

Make sense?

05-05-2011, 11:33 AM	#14
Brucelee Registered User Join Date: Jun 2004 Location: Des Moines, IA Posts: 8,083	I am saying from an accounting point of view, the line item called incomes taxes does NOT include pass through taxes like sales tax collected on the gas. It DOES include Federal and State Corporate income taxes. Taxes of other kinds show up in other places in the income statement In 2010, Exxon paid 21.561B in income taxes on 52.959 in pre-tax profits. Make sense? __________________ Rich Belloff