Quote:
Originally Posted by DateDoc
Over the past 6 years Exxon-Mobil has paid a tax rate of about 29%. This is inline with other companies when you figure in tax deductions. Other companies, such as GE, pay a lot less as a percentage of income.
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Aye, it's not 41%
but it is lower than the 35% in the tax code and it includes capital gains tax, which is huge.
I don't care that a Company can pay no taxes or has to pay a ton... point was that none of us pay what the tax code says, as the article suggests.