View Full Version : While Americans count pennies, Exxon & Co pay zero income taxes

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.



6th April 2010, 03:04 PM
Did they make a profit?

Did they break the law?

6th April 2010, 06:11 PM
a google headline - those firms have armada of laywers and bookkeepers specializing in using the system loopholes, then their good pals help for the rest

Exxon Mobil Reports Record $45.2 Billion Profit For 2008