ExxonMobil – the most profitable corporation in the history of the world – isn’t paying its fair share in taxes. Last year – the oil giant raked in over $41 billion in profits – that’s not revenue – that’s PROFITS. And even though corporations are supposed to be paying a 35% corporate tax rate – guess how much ExxonMobil paid?
Try just 13%. By using at least 20 different tax shelters – and an army of accountants – ExxonMobil was able to pay fewer taxes than even Mitt Romney. On top of that – Exxon continues to benefits from billions in taxpayer oil subsidies paid for by you and me each and every year. That’s corporate welfare at its finest.