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| Re: U.S. Corporate Tax Rate (was: No more $5 footlongs at Subway in SF) (926544) | |||
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Re: U.S. Corporate Tax Rate (was: No more $5 footlongs at Subway in SF) |
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Posted by Dave on Mon Apr 2 05:22:08 2012, in response to Re: U.S. Corporate Tax Rate (was: No more $5 footlongs at Subway in SF), posted by SelkirkTMO on Sun Apr 1 21:40:11 2012. "Does any corporation actually pay the highest rate?"Nope. False. Kevin, why do you continue to post statements unsupported by the truth? Many pay nothing but there are those that pay plenty. In 2010, annual reports of the 20 most profitable U.S. companies showed the average income tax rate within the group was 25.4%. America's three biggest oil companies, ExxonMobil , Chevron, and ConocoPhillips all had income tax burdens of more than 40%--higher than the statutory U.S. rate of 35%. Exxon, with a 45% rate, paid $21.6 billion in worldwide income taxes for 2010. Wal-Mart Stores paid $7.1 billion (at a rate of 32.4%) in income taxes. |
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