0% Tax Rate for Largest U.S. Corporations

[kpete]

Failed EmpireChronicling the collapse of a failed society

0% Tax Rate for Largest U.S. Corporations

1 – GE: Approximate annual profit of $14.7 billion; $0 taxes
Lost tax revenue: $3.675 billion + $1.33 billion tax rebate = $5 billion per year in lost revenue

2 – Bank of America: Approximate annual profit of $4.4 billion; $0 taxes
Lost tax revenue: $1.1 billion per year in lost revenue

3 – Exxon Mobile: Approximate annual profit of $34 billion; $0 taxes
Lost tax revenue: $8.5 billion per year in lost revenue

4 – CitiGroup: Approximate annual profit of $4 billion; $0 taxes
Lost tax revenue: $4 billion per year in lost revenue

5 – Wells Fargo: Approximate annual profit of $12.3 billion; $0 taxes
Lost tax revenue: $3.075 billion per year in lost revenue, + $19 billion tax credit

the rest:
http://failedempire.wordpress.com/2011/04/05/0-tax-rate-for-largest-u-s-corporations/

[xchrom]

1. recommend

[WatsonT]

2. They invested heavily in lobbying

now they're enjoying the dividends.

[ejpoeta]

3. don't forget the benefits they get. at least the oil companies that get

those subsidies. so their tax would be a negative something.

[howaboutme]

4. Why call them US corporations?

They are globalists / multi-national / international and for the most part have no special allegiance to any nation. They are more akin to prostitutes who will service the highest bidder.

[grahamhgreen]

5. Well, that's it in a nutshell. Let's break them up! nt