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Old 06-12-2010, 08:44 PM  
woj
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Join Date: Jul 2002
Location: Chicago
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Quote:
Originally Posted by kane View Post
While BP does make a ton of money they are one of those companies that actually pays little or nothing in federal income tax. Exxon is another one. They have record breaking profits, but don't pay a dime in income taxes because of the way that they structure their companies.
I don't know how much they pay in taxes, but I'm sure it's still quite significant... don't forget taxes on gas they sell, taxes that people pay on dividends they receive, and 10 other taxes that they pay either directly or indirectly... plus lets not forget the 1000s of jobs that they provide... I'm sure it all adds up to billions and billions of $$ for US government coffers...
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