So I was going through some of the SEC filings of one of the largest oil companies on the planet, Exxon Mobile, and I found something very interesting.
Over the last 3 years their effective income tax rates average 44% for 2007, 43% for 2006, and 41% for 2005 and the Democrats want to apply windfall profits taxes on these companies? Holy CRAP!
If you want the link here it is:
http://www.sec.gov/Archives/edgar/data/34088/000119312508041781/d10k.htm
Just do a search for "Effective income tax rate" on the page.