Matthews points out that the two biggest corporate taxpayers last year were oil giants ExxonMobil and Chevron, and along with No. 6 ConocoPhillips, the three oil companies paid more in taxes last year ($59 billion) than the other seven companies combined. As the chart above shows, the Big Oil companies also paid much higher effective tax rates than the other companies on the list – the 51.5% effective tax rate of ConocoPhillips was more twice the rates paid by Apple (25.4%), IBM (24.2%) and Microsoft (22.8%).Go to CarpeDiem, linked above, for the full article.
It was interesting to note that President Obama's economic advisor's company (GE) did not make the list. Perhaps an honorable mention.
#1, #2, and #6: company; taxes paid; effective tax rate.
- #1: ExxonMobil, $31 billion (with a "b"), 39%
- #2: Chevron, $20 billion, 43%
- #6: Conoco, $8 billion, 52%
As noted, it would be interesting to see what the top ten renewable energy companies paid in taxes (or received in tax credits).
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.