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10Largest US Corporations Paid 9% Tax Rate
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BuckStrider
August 8, 2012, 9:04pm Report to Moderator

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Quoted from Box A Rox
America’s 10 most profitable corporations paid an average corporate income tax rate of just 9
percent in 2011, according to a study from financial site NerdWallet reported by the Huffington
Post. The 10 companies include Wall Street banks like Wells Fargo and JP Morgan Chase, oil
companies like ExxonMobil and Chevron, and tech companies like Apple, IBM, and Microsoft.

The two companies with the lowest tax rates were both oil companies. ExxonMobil paid $1.5
billion in taxes on $73.3 billion in earnings, a tax rate of 2 percent. Chevron’s tax rate was just 4
percent. None of the companies paid anywhere near the 35 percent top corporate tax rate,
providing more evidence to debunk claims that America’s corporate tax rate is stunting
economic growth and job creation (Despite the high marginal rate, American corporations
pay one of the lowest effective corporate tax rates in the world
).



Hey stupid!

You keep crying about the 1%....You keep crying about the 'big evil corps'

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

Immelt is in the WH....GE doesn't pay taxes.

Derp.





"Approval ratings go up and down for various reasons... An example is the high post 911 support for
GWB even though he could be said to be responsible for the event." --- Box A Rox '9/11 Truther'

Melania is a bimbo... she is there to look at, not to listen to. --- Box A Rox and his 'War on Women'

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Box A Rox
August 9, 2012, 5:56am Report to Moderator

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Quoted from BuckStrider

Hey stupid!
You keep crying about the 1%....You keep crying about the 'big evil corps'
http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558
Immelt is in the WH....GE doesn't pay taxes.
Derp.


Hey stupid???  LMAO!  
I bet it took Buck 20  minutes to come up with that one!  

Buck thinks that the reason GE didn't pay any income taxes is because of the Immelt/Obama connection...
how naive!

Of course 30 large and profitable U.S. corporations paid no income taxes in 2008 through 2010, but that must
be because they were... How did Buck put it?  Oh yea... they were "in the White House" with Obama
too.  

http://www.reuters.com/article/2011/11/03/us-usa-tax-corporate-idUSTRE7A261C20111103


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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senders
August 9, 2012, 6:16pm Report to Moderator
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GE doesn't pay taxes because they are a major component in the US 'war machine' of global economics


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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