Audio Clips

21 May 2011

Why Does Congress Investigate the Oil Companies and Not Apple?

But the better question is: Why does congress interrogate any company about their profits?

From Mark Perry's blog: Carpe Diem

Q1 2011 ExxonMobil Apple
Earnings Before Tax$18.94B$7.96B
Income Taxes$8.0B$1.9B
Net Profit$10.65B$5.98B
Effective Tax Rate42.20%24.22%
Profit Margin9.30%24.27%
Profit/Employee$127,392 $128,470

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