The 12 highest corporate tax bills

For all the talk of corporate tax dodgers, you might be surprised to learn how much some of the nation's largest publicly traded companies pay Uncle Sam.

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232Comments
Apr 20, 2012 10:12AM
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Exxon made little over 8.68% profit on 468 billion or 41 billion income. Dividends were paid of nearly 9 Billion  which would net about  32 billion and paid 18% in taxes.

 

Apple made nearly 26% profit on 127 billion for 33 billion and they don't pay anyone squat and only paid 9.8% in taxes. 

 

So why don't you guys get all pissed at Apple ???? 

 

Just something to think about. 

Apr 23, 2012 4:27AM
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As the director of a corporation that signs my companies tax forms I can tell you my company doesn't pay its corporate taxes, my customers do.  I just collect the money and write the check passing it on to the IRS.  Taxes are part of the cost of doing business just like the wages of my two (yes 2) employees, their benefits, the laptops we use, travel costs, etc.   And when prices (or taxes) go up I pass those costs on to my customers.  In fact, tax rate increases are the easiest cost to pass on to the American people becasue it hits every corporation equally.  So if we increase tax rates for oil companies, Apple computer, or mcDonalds we will all pay more, and my company will pass the higher cost of fuel or laptops or whatever right on down the line.  This is just a ruse to raise taxes on us all by using the middleman tax collector (the corporations) as a scapegoat.  In the end we will be essentially be raising our own taxes. The poor will be hurt the worst since they can least afford the increased cost of goods and services that would result.

Apr 19, 2012 10:33PM
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This president is F***ing nuts.  The 3 biggest US oil majors already pay over 40% of their profit in taxes.  And he wants them to pay more?? 

That's psychotic and it doesn't matter anyway because the more they tax us the more they will spend and put this country in debt.  That's the whole problem with government.  It's not their money so there is no accountability.  

The incompetence in Washington is absolutely frightening.  This civilization will fall just like every other major successful race in history... the Romans, Greeks, etc.  And it's not because of the people it's because of oppressive and far reaching government.  
Apr 23, 2012 4:27AM
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I know that this doesn't have that much to do with this oil companies.  But when I hear about the deficit, I can't help but going over to youtube and watching this video with the Federal Inspector General trying to explain were 9 trillion dollars went and she cannot explain it.  She has know idea were the money is at and she keeps saying that she's going to "investigate" the situation.  It's labeled "9 TRILLION Dollars Missing from Federal Reserve, Fed Inspector General Can't Explain."  Why wasn't this on the news and America know about it? 

Apr 23, 2012 8:30AM
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No small business could survive paying 42%...

 

The reality Obama doesn't understand(apparently they don't teach Economics at Harvard) is that if he raises taxes on companies, especially those that sell a product that people NEED and have little flexibility to cut back on....they'll just pass the added cost on to their employees...  There is no way around it...  If Obama raises taxes on oil companies, the impact will hit the people themselves.  Anyone still on Obama's side needs to wake up and see what's happening...the man can speak great, but he has no true economic sense of the country.

Apr 23, 2012 9:11AM
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Well 33 cent per gallon right to the government plus more sales tax depending on the City and State you live in. Big business is not the problem. When your government give away money it doesn't have, gives the free check away to people for three generations, and has to pay for all the corruption in government contracts the problem is us the people who elect these kind of officials. Government is out of control with the spending of our money. Small business makes this country run. Always has always will. Looks like a new revolution on the horizon. Wake up America.
Apr 23, 2012 8:29AM
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What kills me is oil companies are being charged over 40% tax and they do the R&D, exploration, production and so on and uncle sam extorts 50 cents a gallon more for not doing a damn thing! Who is the crook here?

Apr 23, 2012 6:34AM
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Some of you must not have even read this article.   The oil companies have the highest federal effective tax rate of any of the companies listed at over 40%.  Obama's effective tax rate was 20.5%.  In fact, I find it amazing the lowest effective tax rate was Microsoft at under 16% which is run by a bunch of Obama liberal cronies.  The liberals answer to everything is raise taxes.  We need to cut back on spending or we will end up like the European Union.


Apr 23, 2012 4:58AM
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People...lets keep this SUPER SIMPLE.  If Oil Co's have to pay more taxes...WE WILL PAY MORE AT THE PUMP.  Big oil already pay their fair share, leave them alone.

Once again Obama show's his lack of business acumen by wanting to hurt good companies, who employ THOUSANDS and provide a very NECESSARY product WE ALL USE.  All in the name of reducing our deficit by less then .0001%...what a joke.   And he does this to appease the many dumb people in this country who believe that oil co's are evil.  

When will you liberals DEMAND that Obama reduce our SPENDING before even thinking about a tax raise of any shape or size?  Vote this fool out of office in 2012
Apr 20, 2012 6:38AM
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i wish at leaast the voting democrats had some kind of clue about economics.
Apr 19, 2012 10:37PM
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Dmitriy, 

You don't get it.  Revenue is total sales (not profit).  You can't be taxed on the total sales.  That's like saying I'm going to tax you for the dollar you sold a glass of lemonade for at your lemonade stand even though your profit may only be 25 or 30 cents of the dollar you sold the glass of lemonade for.  
Apr 23, 2012 7:55AM
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Geniuses, we (the man in the street) pay every tax.  Period.  Get it through your heads. 
Apr 23, 2012 8:45AM
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I like it when companies make a profit. That is the way they stay in business,create jobs by hiring employees and buying equipment that produces other jobs. That is the way our system is suppose to work.  Because of this wonderful system, we all have a chance to be our own boss but success is not guaranteed.  I had a business and went broke because I couldn't make enough profit because of excessive government regulations and taxation. I could have blasted the big companies but I didn't. I went to work for one, saved my money, bought their stock and because of their profits that paid me and saving my money I was able to retire with no money problems. Don't knock the system. Look at yourself.  We have too many non producers in our society that want a hand out. 
Apr 23, 2012 7:11AM
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Not too stupid when you consider, 90 % of the oil companies are owned by stock and share holders, that's where those billions in profit goes to. The people of this country are generally morons and can be led around by any idiot. Pay your taxes, and what others make for income is none of your business. Take the check books away from the "Leaders" and start balancing their spending. They have passed the point where they spend more than the country makes in profit per year.
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America, please wake up! We are way overspending and taxing too much. Obama's stimulus didnt work because people are afraid to invest in companies that produce jobs due to uncertainty of what kind of tax or regulation Obama will come up with next. The economy will not turn around until Obama is voted out. If he is not voted it out, it may be the end of our great nation. Wake up America, Wake up!!

Apr 23, 2012 5:13AM
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batteredup said;  The "tax breaks" the president is asking to be abolished is a subsidy that was given to them back in 2003.

Would you feel better, if Obama called this a "Consumer Tax Increase"?  

This tactic of demonizing big oil co's, then pushing higher taxes on them is BS politics.  Not to mention Obama knows it won't pass Congress.  Just political and CAMPAIGN nonsense.  
Apr 23, 2012 8:27AM
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After reading all three pages of comments, the feeling I get is that people who understand macro economics should be screaming for like-minded people to vote in November for the candidate who makes clear, understandable sense about how our economy works.  We need to teach our fellow Americans how to rebuild America by pro-business support and tax restructuring.  Unfortunately, the masses only listen to their favorite talking head(s) who "advise" them how to vote so as to continue receiving their "earned government benefits."  I receive Social Security benefits (paid for by me and my employers) and Medicare.  Senior citizens who continue to vote for the incumbent expect their benefits to continue without making any sacrifices for the greater good of our society.  Intellectual honesty is a rare commodity these days.  Let's vote for those who show honesty, integrity and honorable values, not simply the candidate supported by opinions given by TV analysts and talk radio hosts.  The future of this country does not ride on emotional opinions; our future depends upon the facts learned from history and made relevant for today by experienced, God-respecting leadership. Just think how our country would thrive if we took another look at the worship of political-correctness. Yes, there might be a few toes stepped on, but truth-be-told, we'd be a much stronger political, economic and military influence in the world. Toughness is risky. Fear of not being liked is worse than being respected. When our learned and intrinsic values are upheld by the leadership at all levels, we grow stronger together with a unified electorate.  Let's put God back into the USA. 
Apr 23, 2012 8:23AM
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I am amazed at how many Socialist thinking people blog on MSN. Finally an article that delivers the true facts, and yet many blindly cry for spreading the wealth.

Apr 23, 2012 6:52AM
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OBAMA has no CLUE what he is talking about! This is what happens when you elect a "Brainwashed" politician to be POTUS. Rev. Wright spent 20 some years brainwashing OBAMA into thinking all big business is unfair. I find it amusing for a guy that is constantly bashing BIG OIL, OBAMA took a HUGE amount of CASH FROM THEM in 2008. I bet OBAMA is regretting it now!
Apr 23, 2012 5:55AM
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have you ever noticed the only idea the democrats on any level have to fix somthing is to raise

taxes. lower the corporate tax rate get rid of all the bad legislation on compainies trying

to expand. All these companies will start to hire and more people will pay into uncle sam.

socialism doesnt work this way thow,it controls everything ,takes spending power away from the people so they the government can control the people more.

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