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In order:
1) EXXON Mobil: 2009 $19 billion in profits, paid no taxes and got a $156 million IRS rebate according to SEC
2) BANK of AMERICA: 2010 $4.4 billion in profits, nearly $1 trillion bailout, and $1.9 billion tax refund
3) GE: $26 billion in US profits past 5 years, $4.1 billion tax refund (friends work there)
4) CHEVRON: 2009 $10 billion profits, $19 million tax refund
5) BOEING: $30 billion Pentagon contract, $124 million tax refund in 2010 (plant in my hometown)
6) VALERO Energy: 2010 $68 billion in sales, $157 million tax refund, and $134 million tax break from the oil and gas manufacturing tax deduction (25th largest co in US)
7) GOLDMAN SACHS: 2008 profit $2.3 billion, $800 billion bailout, paid 1.1% of its income in taxes
8) CITIGROUP: 2010 over $4 billion in profits, $2.5 trillion bailout, paid no federal income taxes (worst credit cards I ever had, except maybe for AmEx)
9) CONOCOPHILIPS: 2007-09 made $16 billion in profits, received $451 million in tax breaks (oil & gas deduct) (#5 oil co in US)
10) CARNIVAL Cruise Lines: 2005-10 made $11 billion in profits, fed income tax rate 1.1%

Sanders suggests:
--closing corporate tax loopholes
--eliminating tax breaks for oil and gas companies
--introduced legislation to impose a 5.4% surtax on millionaires-->$50 billion a year
--spending cuts must be paired with new revenue

SOURCE
compiled by Senator Bernie Sanders
http://carloz.newsvine.com/_news/2011/03/27/6355442-tax-time-not-for-giant-corporations-the-top-ten-tax-avoiders-who-refuse-to-pay-up-and-share-the-sacrifice
Hat tip: BuzzFlash.com

Comments

( 2 comments — Leave a comment )
d2leddy
Apr. 6th, 2011 01:27 am (UTC)
Nice!
ford_prefect42
Apr. 6th, 2011 03:08 am (UTC)
Except for the minor fact that none of those are true.

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=XOM
exxon paid 15 billion in income taxes in 2009.

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=BAC
BAC paid 915 million in income tax in 2010. in 2009, they got a refund, but that's because they lost a frelling fortune.

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=ge
GE paid 9 billion in income taxes in 5 years.

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=CVX
chevron, 2009: 8 billion.

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=BA
Boeing, 2010, 1.1 billion

http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=VLO
valero, 2010, 575 mill.

goldman actually did file a loss in 2008. So that one *did* get a refund.

cit, 2010, 250m income taxes.

cop, 07-09, 30B in income taxes.

Id really advise not listening to Bernie Sanders. Pretty much everything he says is a lie.
( 2 comments — Leave a comment )

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