I wouldn’t want to give Obama or Congress any ideas, but in the first quarter of 2011, Apple (AAPL) was more profitable than ExxonMobil based based on both profit margin (24.27% vs. 9.30% for Exxon) and profits per employee ($128,470 vs. $127,392 for Exxon). In addition, Apple’s effective income tax rate was only 24.22% compared to Exxon’s 42.2% rate.
|Earnings Before Tax||$18.94B||$7.96B|
|Effective Tax Rate||42.20%||24.22%|
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