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NickTAZ
The blue = Job Growth
02:00 PM on 10/27/2011
Why does this article have no author?? It seems to me, in part by reading additional info from other posters, that this chart is inaccurate. It would also seem that an inaccurate chart provided by a nameless author lacks more credibility than just about any other news source-- even FOX.
05:53 PM on 10/27/2011
The source is listed on the chart.
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NickTAZ
The blue = Job Growth
11:17 AM on 10/28/2011
Not really-- It states Forbes/Mint produced the chart, but the author of the paragraph above the chart is unnamed as well as who compiled the chart.
01:46 PM on 10/27/2011
The first sentence in the graph is bogus. That graph does NOT show how much the companies "make". It shows their reported profit. If companies paid taxes on how much they make (like a person) instead of how much is left after all expenses = U.S.A Dept ---> Surplus overnight.

So these 20 companies paid a total of $111.9 billion in taxes in 2010? And the total 2010 federal tax collected from all business (thousands of companies) was $193 billion? Something is not quite adding up. http://en.wikipedia.org/wiki/File:U.S._Federal_Receipts_-_FY_2007.png (picture is really 2010)
tnjr
Humor gets me through the day
01:44 PM on 10/27/2011
Hey Warren, stop whinning and pay your fair share. Berkshire Hawtaway pays 29% while those big bad oil company's pay 40-45%. Sounds like Obama shoudl see who is really getting tax subsidies since the companies and industry he's attacking are paying 25% more then Mr. Tax Me More Buffet. Then ahead of him are banks and Walmart. Funny, they biggest corporate tax payers are all companies the libs and progs all hate.
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Bloodhound41
02:01 PM on 10/27/2011
Much of oil company's income is "earned" and therefore taxed at a higher rate than Hathaway whose income is mostly "investment" which is taxed at a lower rate. This is one of the very things Buffet says is is wrong and should be evened out bringing "investment" rates more in line with "earned" rates. In case you didn't notice, Hathaway is still up in the top ten taxpayers while at least fifteen of the major companies listed paid a lower percentage. I'll bet that, if you check you'll find most of them paid off more Republicans than Democrats.
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excaderesdesire
I have spread my dreams beneath your feet...
01:34 PM on 10/27/2011
good info... thanks
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AyeChart
Retired Army, half-retired physician
01:32 PM on 10/27/2011
Corporate taxes, as I note below, distort economic and tax reality. Corporate taxes, the sham that they are, should be ABOLISHED. Prices of goods and services would decline, more jobs would be created, wages would rise, and our pension plans would grow faster.
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AyeChart
Retired Army, half-retired physician
01:28 PM on 10/27/2011
Big corporations pay NOTHING in taxes.  They are just the tax collectors.  We--you and I--pay the taxes in the form of higher prices, lower wages, fewer jobs, slower pension plan growth--all these hidden taxes that we never think about.  The government COUNTS on our being oblivious, because PRETENDING to tax corporations allows the government to stealthily tax US and get credit for it!  See, look, we're taxing the BIG EVIL CORPORATIONS!  But they are snatching the money out of OUR WALLETS.
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mtknibbesr
living happy in Texas
02:30 PM on 10/27/2011
MAY I COUNT YOU AS YOU AS A FRIEND? MY HUSBAND IS RETIRED MILITARY AND HE ALWAYS SAID THAT THE MILITARY WERE THE FIRST TO GET THE HIT WHEN IT CAME TO PAY RAISES OR PROMOTIONS. IN HIS 22 YEARS OF SERVICE, I FOUND THAT TO BE SO TRUE. DURING THE EISENHOWER YEARS, WHEN THERE WAS A FREEZE OF PROMOTIONS AND PAY AND A FEW OTHER TIMES. IT WASN'T FUN. BTW. GE ADMITTED ON 60MINUTES THAT THEY DID NOT PAY ANY CORPORATE TAX IN X NUMBER OF YEARS. THAT WAS ON NATIONAL TELEVISION. IT MAKES ONE RATHER SICK.
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sensimilla
Lead with your heart, and your mind will follow...
03:25 PM on 10/27/2011
fyi, i'll be flagging every single post by you that is all in caps. Unfortunate, but there it is.

What were y0u saying again? I was "plugging my ears".
01:15 PM on 10/27/2011
This chart is bunk. Simply false.
01:12 PM on 10/27/2011
This chart is very misleading and doesn't even properly depict the data that it references. For instance, according to Forbes, in 2010, Exxon Mobile paid 21.6 billion US dollars WORLDWIDE in a variety of taxes, not just federal income tax (local, state, sales, property, etc.). In the US, Exxon paid about 10 billion, only 3 of which were actual taxes on income. According to this chart, Exxon paid 21.6 billion in the United States, all of which was federal income tax. I'd be embarrassed to post this graphic on my new website, but the people at the Huffington Post seem to think it's informative. Additionally, it doesn't calculate any subsidies or incentives the taxpayer gives back to these companies. The authors of this graphic are either unintelligent, or purposfully trying to misinform the public.

Here is a link to the real information:
http://www.forbes.com/2011/04/13/ge-exxon-walmart-apple-business-washington-corporate-taxes_slide_2.html
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Daryl Pienta
We need a balance of Socialsim and Capitalism
01:03 PM on 10/27/2011
These corps write off their losses in the USA, and show their gains in foriegn nations.

the bottom line is they don;'t deserve anymore tax breaks, and they sure as hell are not using their profits to produce good paying with benefit jobs this capitalistic nation needs for its workers if we are to prosper again
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knott wrench
01:01 PM on 10/27/2011
Proof of the Need for:

"OWS and the '99er's".
madame48
NO..it's a gop Cookbook !Tempus edax,homo edacior
12:58 PM on 10/27/2011
Wait, if a corporation IS a person, shouldn't they be paying the exact same tax rate as any person with that income? I don't get the sweet deductions that business gets..so pay up PEOPLE
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AyeChart
Retired Army, half-retired physician
01:29 PM on 10/27/2011
Clearly you do not understand reality.  See above.
12:53 PM on 10/27/2011
Interesting, because other sources claim VASTLY different figures for these companies. Exxon Mobil paid ZERO taxes in 2009, Google only paid 4.2% in 2009, etc.

And do these figures also factor in the various government subsidies many of these entities receive?
01:24 PM on 10/27/2011
Nope, subsidies and incentives are not shown. Exxon estimated its total worldwide tax bill for 2010 at $89 billion, including the provision for income taxes noted in the graphic ($21.6B. But most of that $89 billion total is sales and excise taxes. They only paid $10 billion in total taxes in the U.S., and only $3 billion of that was income tax. Unfortunately they don't seem to have how much of the income was from the US alone, so thactual tax rate they paid is pretty hard to calculate at the moment.
12:26 PM on 10/27/2011
Looks like Exxon is less evil than Apple. Who knew?
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AyeChart
Retired Army, half-retired physician
01:30 PM on 10/27/2011
Neither are evil.
12:01 PM on 10/27/2011
Are these gross numbers or net? What year is this? Don't oil companies get major tax subsidies?

"Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings" - Bernie Sanders
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mtknibbesr
living happy in Texas
02:34 PM on 10/27/2011
THINK ABOUT THIS EVERY TIME YOU BUY GAS, A COMPUTER, ETC. YOU'RE HELPING THEM. OR EVERY TIME YOU BUY SOMETHING MADE IN CHINA.
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JustinP213
I dislike all political parties.
11:50 AM on 10/27/2011
That's a misleading summary. "Yet the central question remained: how much do these corporations hand over to the U.S. government?" So, a reasonable person would believe that the graph would specifically answer that question. A reasonable person was wrong.