BoatBanter.com - View Single Post - Guess who pays no federal income taxes or taxes at a lower rate thanyou do...

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On Mon, 22 Aug 2011 21:56:33 -0400, wrote:

On Mon, 22 Aug 2011 18:13:20 -0400, X ~ Man
wrote:

1) Exxon Mobil

Corporations don't pay taxes, they just collect the money from their
customers, tack on some profit and pass it on in the cost of the
product.

It is just a way to put a hidden tax on the consumer, similar to a
VAT. The only problem is you punish the American company for doing all
of it's business inside the US. If you are a multinational, it is very
easy to make all of your "profit" in another country. Hence the
companies you listed did not make a "US profit".

Really... the CEOs don't pay taxes either, apparently. Nobody has
"punished" companies. Their effective tax rate is quite low. Nice try
with the right wing agenda talking point though.