In 2009, General Electric generated over $10 billion in operating income, and didn't pay a dime in taxes. Exxon Mobil generated a hefty tax bill, but due to accounting rules, didn't pay a cent of it to the U.S. treasury. That's right, you paid more in sales tax on buying a Twinkie than Exxon did to the U.S. treasury in 2009.
Can I get in on this deal?
What The Top U.S. Companies Pay In Taxes - Forbes.com
Tuesday, April 6, 2010
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