"Canuck57" wrote in message ...

On 22/08/2011 7:13 PM, BAR wrote:
In articlea6f56113-cd60-4813-9e33-5d2d965a28d1
@t30g2000prm.googlegroups.com, says...

On Aug 22, 7:18 pm, wrote:
In articled42dndoxjIkcSc_TnZ2dnUVZ_oGdn...@earthlink .com,
says...











1) Exxon Mobil made $19 billion in profits in 2009. Exxon not
only
paid no federal income taxes, it actually received a $156 million
rebate
from the IRS, according to its SEC filings.

2) Bank of America received a $1.9 billion tax refund from the IRS
last year, although it made $4.4 billion in profits and received a
bailout from the Federal Reserve and the Treasury Department of nearly
$1 trillion.

3) Over the past five years, while General Electric made $26
billion in profits in the United States, it received a $4.1 billion
refund from the IRS.

4) Chevron received a $19 million refund from the IRS last year
after it made $10 billion in profits in 2009.

5) Boeing, which received a $30 billion contract from the Pentagon
to build 179 airborne tankers, got a $124 million refund from the IRS
last year.

6) Valero Energy, the 25th largest company in America with $68
billion in sales last year received a $157 million tax refund check
from
the IRS and, over the past three years, it received a $134 million tax
break from the oil and gas manufacturing tax deduction.

7) Goldman Sachs in 2008 only paid 1.1 percent of its income in
taxes even though it earned a profit of $2.3 billion and received an
almost $800 billion from the Federal Reserve and U.S. Treasury
Department.

8) Citigroup last year made more than $4 billion in profits but
paid no federal income taxes. It received a $2.5 trillion bailout from
the Federal Reserve and U.S. Treasury.

9) ConocoPhillips, the fifth largest oil company in the United
States, made $16 billion in profits from 2007 through 2009, but
received
$451 million in tax breaks through the oil and gas manufacturing
deduction.

10) Over the past five years, Carnival Cruise Lines made more than $11
Z billion in profits, but its federal income tax rate during those
years
was just 1.1 percent.

From a news release from U.S. Sen Bernie Sanders, of Vermont.

How come GE isn't on the list?

Harry is doing the political shill thing.. the group is ****ed until
november of next year as he brings us his agenda on overdrive...

It appears that Obama and Ron Paul are polling neck and neck. A left
wing communist and a libertarian, who would have thought it possible.

Such a vote would come down to whether or not American voters want their
economic liberty....or what is left of it under Obama.
--
We have the most expensive governments no one can afford.
And wonder why the economy is doing so poorly?


Reply:
Actually read the article.
http://money.cnn.com/galleries/2010/...x_bills/2.html
Exxon paid 47% of their profit in taxes. Just not in the US. They get to
deduct those taxes paid overseas. It says Nigeria gets a tax rate of 85% on
any profits in the country. Seems as if it is congress problem, not an
Exxon problem. Looks like Exxon actually paid the USA 7.7 Billion in taxes
and duties last year. Seems as if that added some to the cost of fuel.