PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: H-Man who wrote (176146)	8/30/2001 3:42:03 PM
From: ColtonGang	Read Replies (2) of 769667

Know your facts first......The Tax Man Don't Cometh Loopy for Loopholes Between 1996 and 1998, corporate profits ballooned 23.3%, but the amount they paid in taxes rose only 7.7%. What's more, many companies hired tax lawyers to help them find ways to cheat their way out of the tax system and even cajoling Uncle Sam to give them tax credits. Unbelievable. Now that they've bought the presidency (note the car-and-oil-related companies below), their effective tax rates will probably fall still lower. Company Profits made between 1996 and 1998 Total taxes paid (minus sign means taxes given back in credits) Goodyear $657 million -$65 million Texaco $3.5 billion -$304 million Ryder $489 million -$30 million El Paso Energy $818 million -$36 million MedPartners $184 million -$4 million Tenneco $731 million -$14 million Colgate-Palmolive $777 million -$14 million MCI WorldCom $3.6 billion -$61 million Kmart $978 million -$2 million Enron $816 million $2 million

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