Politics
Out of context: Reply #11842
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- ukit0
Wow, amazing:
http://mediamattersaction.org/bl…
"Thanks to offshore tax havens and loopholes created by Big Oil lobbyists and their supporters in Congress, oil giant Exxon Mobil paid no income taxes to the U.S. government in 2009.
As reported by Forbes:
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
You read that correctly. Despite reporting a gross operating profit of over $52 billion in 2009, Exxon paid no income tax to the federal government.In fact, American middle class families pay more federal taxes on a single gallon of gasoline (18.4 cents) than Exxon Mobil paid in U.S. income taxes in all of 2009."
Yes, teabaggers...go out there and protest how American companies are "overtaxed" by the big, bad federal government. Fucking LOL