Corporations do not all pay the same tax rate, varying significantly. Is that fair? Take a gander at the different tax rates, according to Forbes:
ExxonMobil 45
ConocoPhillips 42
Chevron 40
Goldman Sachs 35.2
Wells Fargo 33
WalMart 32.4
JP Morgan Chase 30.1
Berkshire Hathaway 29
Intel 28.6
P &G 28.3
Microsoft 25
IBM 24.8
Apple 24
Johnson & Johnson 21.3
Google 21
Hewlett Packard 20.2
Did you notice that GE is not on that list? Some sources report that GE did not pay any taxes in 2010 and now we learn that GE paid only a rate of 1.8 for the past decade.
Being loved by the top dog sure makes a difference in how you are treated, whether a corporation or a member of the Tea Party or another Conservative group.
ExxonMobil 45
ConocoPhillips 42
Chevron 40
Goldman Sachs 35.2
Wells Fargo 33
WalMart 32.4
JP Morgan Chase 30.1
Berkshire Hathaway 29
Intel 28.6
P &G 28.3
Microsoft 25
IBM 24.8
Apple 24
Johnson & Johnson 21.3
Google 21
Hewlett Packard 20.2
Did you notice that GE is not on that list? Some sources report that GE did not pay any taxes in 2010 and now we learn that GE paid only a rate of 1.8 for the past decade.
Being loved by the top dog sure makes a difference in how you are treated, whether a corporation or a member of the Tea Party or another Conservative group.
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