Big Oil Tax Breaks? WHAT BIG OIL TAX BREAKS???

I was listening to talk radio, shouldn't do that, you just get too depressed. But then some idiot (who they let on the air because they show you just how hopelessly ignorant the population is and how doomed we are, but it's good for ratings) came on and started blathering on about how we need to cut the tax breaks we give to "big oil."

And I ask ye all of the economic faith, what tax breaks?

So I looked up the income statements of Exxon to see what kind of tax rate they were paying. You know, because they're in such big cahoots with Bush they should have a tax rate at around 3% or so;



42% FREAKING TAX RATE!

So, what, if they weren't given the "tax breaks" they'd be paying 52%? And if I recall correctly, weren't these "tax breaks" incentives to get them to invest in renewable energies?

And you people wonder why corporations move to Dubai or the Caymans.

To quote Rush Limbaugh, "People have no idea how much ignorance costs us."