[GPSCC-chat] oil companies pay taxes

[Jim Doyle]

In the article at
http://www.ajc.com/news/nation-world/with-gas-costs-high-945675.html
it is reported that

The 41 U.S. oil and gas companies that break out their federal taxes said
hey paid Uncle Sam $5.7 billion in 2010, more than any other industry,
according to data compiled by Compustat. Exxon alone paid $1.3 billion.

Oil companies' combined pre-tax profits could hit $200 billion this year.

Mixing years and data that amounts to a 2 1/2 % tax rate on the 41 oil 
companies
that break out their federal taxes.

That is nice data to use in discussions on taxing oil companies.