singular_me
6th April 2010, 02:36 PM
While Americans count pennies, Exxon pays zero income taxes
But it appears the corporation’s loyalty extends only to its own bottom line. According to the GAO, the vast majority (66%) of 1.3 million corporations, pay no federal income taxes. A quarter of the 1000 largest U.S. corporations (those with over $250 million in assets or $50 million in sales) fail to pay any taxes.
At a time when Americans are suffering the most, many corporations refuse to give back to the country.
more
http://trueslant.com/allisonkilkenny/2010/04/06/while-americans-count-pennies-exxon-pays-zero-income-taxes/
But it appears the corporation’s loyalty extends only to its own bottom line. According to the GAO, the vast majority (66%) of 1.3 million corporations, pay no federal income taxes. A quarter of the 1000 largest U.S. corporations (those with over $250 million in assets or $50 million in sales) fail to pay any taxes.
At a time when Americans are suffering the most, many corporations refuse to give back to the country.
more
http://trueslant.com/allisonkilkenny/2010/04/06/while-americans-count-pennies-exxon-pays-zero-income-taxes/