August 4, 2008
"Windfall profits" is just breaking wind:"If Senator Obama is as exercised about "outrageous" profits as he says he is, he might also have to turn on a few liberal darlings. Oh, say, Berkshire Hathaway. Warren Buffett's outfit pulled in $11 billion last year, up 29% from 2006. Its profit margin -- if that's the relevant figure -- was 11.47%, which beats out the American oil majors. Or consider Google, which earned a mere $4.2 billion but at a whopping 25.3% margin. Google earns far more from each of its sales dollars than does Exxon, but why doesn't Mr. Obama consider its advertising-search windfall worthy of special taxation? - What Is a 'Windfall' Profit? - WSJ.com
Posted by Vanderleun at August 4, 2008 4:44 PM. This is an entry on the sideblog of American Digest: Check it out.