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What The Top 20 U.S. Companies Pay In Taxes

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hypocritexposer

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http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes_slide.html?partner=contextstory


the Slide show at the link has them all, but some examples


The average income tax rate within the group was 25.4%

Exxon, with a 45% rate, tallied $21.6 billion

Wal-Mart – $7.1 billion (at a rate of 32.4%) in income taxes

Hewlett-Packard – a 21% rate

Google – a 20% tax rate for 2010

General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.
 

Tam

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General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.

Pays to be an Obama supporter. :wink:
 

hypocritexposer

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Tam said:
General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.

Pays to be an Obama supporter. :wink:


and it costs not to be


ConocoPhillips

Pretax income: $19.8 billion
Provision for income taxes: $8.3 billion
Net income: $11.4 billion
Tax rate: 42%

Of the world's biggest companies, Big Oil pays the highest tax rates. Plus they get hit for a plethora of non-income taxes (think excise tax and value-added tax). Conoco's "other taxes" hit $16.8 billion last year.
 

TSR

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hypocritexposer said:
http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes_slide.html?partner=contextstory


the Slide show at the link has them all, but some examples


The average income tax rate within the group was 25.4%

Exxon, with a 45% rate, tallied $21.6 billion

Wal-Mart – $7.1 billion (at a rate of 32.4%) in income taxes

Hewlett-Packard – a 21% rate

Google – a 20% tax rate for 2010

General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.

Here we go again. Wasn't it Forbe's that said in '10 2/3rds of the corporations paid no taxes.
And again, the 45% rate of Exxon, is that the percentage that went into the US treasury (which could be asked of all corp.'s taxes) or is this rate including its foreign taxes??
 

hypocritexposer

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TSR said:
hypocritexposer said:
http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes_slide.html?partner=contextstory


the Slide show at the link has them all, but some examples


The average income tax rate within the group was 25.4%

Exxon, with a 45% rate, tallied $21.6 billion

Wal-Mart – $7.1 billion (at a rate of 32.4%) in income taxes

Hewlett-Packard – a 21% rate

Google – a 20% tax rate for 2010

General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.

Here we go again. Wasn't it Forbe's that said in '10 2/3rds of the corporations paid no taxes.
And again, the 45% rate of Exxon, is that the percentage that went into the US treasury (which could be asked of all corp.'s taxes) or is this rate including its foreign taxes??


those are just the INCOME taxes exxon paid worldwide, total tax was $89 billion



ExxonMobil

Pretax income: $52 billion
Provision for income taxes (worldwide): $21.6 billion
Net income: $30.5 billion
Income tax rate: 45%

Exxon estimates its total worldwide tax bill for 2010 at $89 billion, including the provision for income taxes noted above. Most of that $89 billion total is sales and excise taxes. Of $10 billion in total taxes paid in the U.S., $3 billion is income tax.
 

hypocritexposer

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TSR.....it's pretty expensive to be buying that oil in other Countries eh?


Just think, if that drilling was all done in the US, the IRS could drop the income tax rate on a company like exxon and would end up with more in their coffers.


You Dems. seem to get caught up with tax rates versus tax base
 

Steve

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drilling would increase royalties, employment and bring in revenue..

and lower expenses such as unemployment compensation and other assistance programs..
 

TSR

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hypocritexposer said:
TSR said:
hypocritexposer said:
http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes_slide.html?partner=contextstory


the Slide show at the link has them all, but some examples


The average income tax rate within the group was 25.4%

Exxon, with a 45% rate, tallied $21.6 billion

Wal-Mart – $7.1 billion (at a rate of 32.4%) in income taxes

Hewlett-Packard – a 21% rate

Google – a 20% tax rate for 2010

General Electric – $1.05 billion taxes on income of $14.2 billion, a tax rate of 7.4%.

Here we go again. Wasn't it Forbe's that said in '10 2/3rds of the corporations paid no taxes.
And again, the 45% rate of Exxon, is that the percentage that went into the US treasury (which could be asked of all corp.'s taxes) or is this rate including its foreign taxes??


those are just the INCOME taxes exxon paid worldwide, total tax was $89 billion



ExxonMobil

Pretax income: $52 billion
Provision for income taxes (worldwide): $21.6 billion
Net income: $30.5 billion
Income tax rate: 45%

Exxon estimates its total worldwide tax bill for 2010 at $89 billion, including the provision for income taxes noted above. Most of that $89 billion total is sales and excise taxes. Of $10 billion in total taxes paid in the U.S., $3 billion is income tax.

Thanks. This is what bothers me, most Rep.'s talk about their TOTAL taxes and not just what goes into the US treasury. Do we have any control over those? I think not and I might add that the most of their profits come from American consumers. You know, America, the country that made them what they are, imo. This at a time when most voters want to cut money to foreign countries, when many of those countries are getting the taxes of US companies such as Exxon and they tax Exxon at a higher rate than the US gov't. And still, they are the most profitable corporation in the history of the world if you can believe the media and some politicians.
 

Steve

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they are the most profitable corporation in the history of the world if you can believe the media and some politicians.

depends on who you ask..

Top companies: Most profitable
Wal-Mart Stores 1 16,389.0 14.3

Royal Dutch Shell 2 20,127.0 60.8

Exxon Mobil 3 30,460.0 58.0



1 Nestlé 42 32,843.0 242.0
2 Gazprom 35 31,894.5 29.9
3 Exxon Mobil 3 30,460.0 58.0
4 Industrial & Commercial Bank of China 77 24,398.2 29.6
http://money.cnn.com/magazines/fortune/global500/2011/performers/companies/profits/

number three on both rankings..

Exxon was the US most profitable Corporation in 2011

http://www.theatlantic.com/business/archive/2011/01/the-10-most-profitable-companies-in-2011/69280/#slide1







an interesting list.. Who pays the most taxes..

Corporate Taxes: Who Pays the Most

Some companies do pay more than their fair share of U.S. taxes—almost 400% in one case. But it turns out that most U.S. companies pay less than 35%,
http://www.businessweek.com/interactive_reports/corporate_taxes_2009_who_pays_the_most.html

Verisign 391.3%.. :shock: :shock: :shock: :shock:

Conoco Phillips tax rate.. 41.9% :shock: :shock:

I guess they should Hire Buffet to do their taxes.. (his corp pays less the 10%) well if they paid... it would be less then 10%
 

hypocritexposer

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TSR said:
hypocritexposer said:
TSR said:
Here we go again. Wasn't it Forbe's that said in '10 2/3rds of the corporations paid no taxes.
And again, the 45% rate of Exxon, is that the percentage that went into the US treasury (which could be asked of all corp.'s taxes) or is this rate including its foreign taxes??


those are just the INCOME taxes exxon paid worldwide, total tax was $89 billion



ExxonMobil

Pretax income: $52 billion
Provision for income taxes (worldwide): $21.6 billion
Net income: $30.5 billion
Income tax rate: 45%

Exxon estimates its total worldwide tax bill for 2010 at $89 billion, including the provision for income taxes noted above. Most of that $89 billion total is sales and excise taxes. Of $10 billion in total taxes paid in the U.S., $3 billion is income tax.

Thanks. This is what bothers me, most Rep.'s talk about their TOTAL taxes and not just what goes into the US treasury. Do we have any control over those? I think not and I might add that the most of their profits come from American consumers. You know, America, the country that made them what they are, imo. This at a time when most voters want to cut money to foreign countries, when many of those countries are getting the taxes of US companies such as Exxon and they tax Exxon at a higher rate than the US gov't. And still, they are the most profitable corporation in the history of the world if you can believe the media and some politicians.


so if Exxon makes income in Canada, we shouldn't tax them, but just hand it over to the US treasury?


Should we also let them drill for free on our land and not charge them the royalties?

who's benefiting from their purchase of oil in Foreign countries?
 

TSR

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Steve said:
drilling would increase royalties, employment and bring in revenue..

and lower expenses such as unemployment compensation and other assistance programs..

Don't disagree with your two statements. O'Reilly might also add, if they were made to sell it here in the US,it might also lower oil prices. The Federal gov't issues drilling permits on Federal properties (who owns those properties-the people) so why shouldn't the people have a say where the oil is sold, once refined? This all could be a part of the contract between the gov't and the oil co.'s. I kinda think most American's would go along with this concept.
 

hypocritexposer

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TSR said:
Steve said:
drilling would increase royalties, employment and bring in revenue..

and lower expenses such as unemployment compensation and other assistance programs..

Don't disagree with your two statements. O'Reilly might also add, if they were made to sell it here in the US,it might also lower oil prices. The Federal gov't issues drilling permits on Federal properties (who owns those properties-the people) so why shouldn't the people have a say where the oil is sold, once refined? This all could be a part of the contract between the gov't and the oil co.'s. I kinda think most American's would go along with this concept.


when oil prices were over $4.00 in 2008, exports of further refined products were half of what they were today.

How much did it lower gaasoline prices by?
 

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