Thom has said several times on his TV show that Exxon/Mobil pays no corporate income taxes in the US buy shifting its profits to foreign subsideries. My "rule of thumb" is to verifty any such assumption before accepting it, but this assertion cannot be verified by me. Do anyone here know of a reputable source I could use to verify this assertion?
Comments
http://motherjones.com/mojo/2010/04/exxon-mobil-paid-zero-income-tax-off...
http://www.americanprogress.org/issues/2010/04/oil_subsidies.html
This link also reports that Exxon paid no income taxes in 2009 yet received government subsidies.
Some, like GE, even get huge refunds or credits. Try this on for size!!!
http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html
This article pretty much explains things.
http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/3303-ron-paul-obama-is-another-corporatist-not-a-socialist
Some, like GE, even get huge refunds or credits. Try this on for size!!!
http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-washington-corporate-taxes.html
GE's broadcast arm owns NBC and MSNBC. I wonder if Olbermann raised hell about his.
Probably not...NBC and MSNBC use the same model that fox news uses, just they cater to a left leaning audience.
Thanks for that good, reputable link, buffalo
And so many on the right refer to the working poor as the "Moocher Class".