Exxon paid no US taxes?

9 posts / 0 new

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?

uglyvan
Joined:
Jul. 31, 2007 3:01 pm

Comments

http://motherjones.com/mojo/2010/04/exxon-mobil-paid-zero-income-tax-off...

Kingaroo's picture
Kingaroo
Joined:
Jul. 31, 2007 3:01 pm

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.

rickg's picture
rickg
Joined:
Jul. 31, 2007 3:01 pm

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

bufffalo1's picture
bufffalo1
Joined:
Apr. 1, 2010 6:49 am

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

bufffalo1's picture
bufffalo1
Joined:
Apr. 1, 2010 6:49 am
Quote bufffalo1:

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.

PeeWee Returns's picture
PeeWee Returns
Joined:
Jul. 31, 2007 3:01 pm

Probably not...NBC and MSNBC use the same model that fox news uses, just they cater to a left leaning audience.

shalwechat's picture
shalwechat
Joined:
Jul. 31, 2007 3:01 pm

Thanks for that good, reputable link, buffalo

uglyvan
Joined:
Jul. 31, 2007 3:01 pm

And so many on the right refer to the working poor as the "Moocher Class".

Robert White's picture
Robert White
Joined:
Jul. 31, 2007 3:01 pm

Latest Headlines

One Iowa Caucus Delegate Comes Down To Coin Toss

The Iowa caucus convener flipped a coin. Bernie Sanders supporters called "heads" and it landed on tails.

Bernie Sanders leads Hillary Clinton by 31 points in N.H.: Poll

Sanders was at 61 percent support in the University of Massachusetts Lowell/7News poll, followed by Mrs. Clinton, at 30 percent

Martin O'Malley suspends presidential campaign after Iowa caucuses

The announcement came after O'Malley barely registered in Iowa against his better-known rivals Clinton and Sanders, failing to meet already low expectations

If You Want to Win, Go Progressive

The big question right now is whether to call Hillary Clinton a progressive, or a "moderate."

And then there's the question of who is more electable in a general election: an unabashedly progressive democrat, like Bernie Sanders; or a "centrist" democrat, like Hillary Clinton.

Powered by Drupal, an open source content management system