Business & Politics: Where Do We Get the Most Value?

There’s a problem with the anti-business rhetoric being bandied about. In case we’ve forgotten, businesses create jobs – jobs that drive the economy. Businesses also pay taxes – a lot of taxes.

Quick quiz. Did you know…

• In 2011, ExxonMobil made profits after taxes of $41.4 billion on sales of $486.4 billion.
>> That’s ~ 8.5 cents in profits per dollar of sales.

• Combined taxes for ExxonMobil last year were $104.5 billion.
>> That’s ~ 21.5 cents in taxes per dollar of sales.

ExxonMobil takes the risks and the government makes 2.5 times more than the company does. This leads me to ask…

Should the government’s take be more than a company’s profits?

ExxonMobil: A Story of Profits & Taxes

When the numbers stack up like this, the state becomes the majority partner in the company’s profits. Wait…what? We are still in America, right?

An important question is, “where do we get the most value?”

People need jobs. ExxonMobil provides 82,100 jobs at the moment. People also need affordable ways to move about…get to work, take care of family members, get the kids to school. If the government wasn’t taking 1/5th of the operating revenue of the company, gas prices could drop by 1/5th. That would be a price decline of MORE THAN $0.80 PER GALLON at current prices., which are over $4 a gallon.

It’s not just a numbers game, but the numbers are telling a disconcerting story about give and take. Businesses give, the government takes.

7 Comments

  1. Ruth Winett says:

    The Exxon article does a great job of illustrating how Telesian uses Infographics to convey ideas.

    Ruth Winett

  2. sharilee says:

    Thanks, Ruth. I am a big fan of infographics. The problem is, most people put waaaayyyy too much information into the graphic. That defeats the purpose. They’re supposed to be a quick read of important information that’s easy to digest.

    More to come as we experiment with what works!

  3. [...] we posted the “Should Taxes be MORE than Company Profits” graphic. The leading question in the title is less emotion-invoking than the [...]

  4. [...] Via e0A This entry was posted in Business and tagged business, politics, Profits, taxes by Admin. Bookmark the permalink. [...]

  5. [...] Via Tags: business, politics, Profits, taxes © 2013 Latest Infographics /* */ [...]

Leave a Reply