Review of Facts on Government Take-Overs in a Free Economy!

Review of Facts on Government Take-Overs in a Free Economy!
Current mood: irate
Category: Life

Modern day slavery - it became slavery when the Government stopped doing OUR bidding and started building their own Country!!


Total Sales - is what it says - If I sell 10 units at $10 each, then my total sales is $100.

Profit is defined as "the total sales minus the cost to operate (wages, rent, fuel, raw materials, making the product, etc). If it cost me $6 to make each unit, then my profit is $40.

Profit Margin is defined as "the amount of money made per each unit sold" - If I sell a unit for $10 and it costs me $6 to make the unit, then my profit margin is $4.

Let's look at Exxon mobile (2004, 3rd quarter numbers):

Total Sales - $100 Billion
Profit - $9.9 Billion
Profit Margin - $0.098 (that is 9.8 cents per gallon of gas sold)

Let's look at some other companies PROFIT MARGINS (2004 numbers):

Citigroup Inc (commercial banking) - $0.157 (15.7 cents)
NOTE: Consistently, banking is the most profitable industry in America

Altria Group (maker of Marlboro and other cigarettes) - $0.22 (22 cents)

Merck (pharmaceutical company) - $0.253 (25 cents)
In 2004, Exxon Mobil earned more money -- $25.33 billion -- than any other company on the Fortune 500 list of largest corporations. But if we look at profit margin, it ranked No. 127.

Remember that generally, the bigger the company, the bigger the bottom line (Total sales and profit)

By contrast, the Federal government makes $0.184 (18 cents) per gallon of gas. Plus there are state and local taxes in the price of a gallon of gas. The website http://www.gaspricewatch.com/usgastaxes.asp allows you to see what your state charges in addition to the federal gas tax.

Think about it. The Federal government's profit margin is almost 10-cent more than Exxon's, yet Congress is calling for investigations into Big Oil.

Don't get caught up in Total sales or profit. Look at what a company makes per unit sold and that tells you the real story.

Information gathered from http://www.gaspricewatch.com/usgastaxes.asp, Oil Industry Seeks to Cast Huge Profits as No Big Deal, By Terence O'Hara
Washington Post Staff Writer, October 28, 2005