Topic: 10 Most Profitable U.S. Companies Paid 9% Taxes | |
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Source: All Gov.
The largest corporations in the U.S., consisting of oil, retail, banking and technology giants, paid an average of only 9% of their earnings in income taxes to the Internal Revenue Service last year. According to the tax code, companies are supposed to pay 35% income tax. But NerdWallet determined that the top 10 came nowhere near that. Exxon Mobil, the country’s biggest business, made more than $73 billion in 2011, but paid only $1.5 billion to the IRS. The second largest company, Chevron, paid $1.9 billion in taxes after collecting $47.6 billion in revenue. No. 3 on the list, Apple, made $34.2 billion. It paid $3.9 billion to the IRS. These were followed by: Microsoft (made $28 billion, paid $3.1 billion) JPMorgan Chase (made $26.7 billion, paid $3.7 billion) Walmart (made $24.4 billion, paid $4.6 billion) Wells Fargo (made $23.7 billion, paid $3.4 billion) ConocoPhillips (made $23 billion, paid $1.9 billion) IBM (made $21 billion, paid $268 million) General Electric (made $20.1 billion, paid $1 billion) http://www.blacklistednews.com/10_Most_Profitable_U.S._Companies_Paid_9%25_in_Federal_Income_Taxes/21086/0/38/38/Y/M.html |
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And like I said, instead of going after the rich go after CORPORATIONS LIKE THIS! OH NO! We got to go after anyone with a few dollars to spare!
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