Exxon pays as much income tax than bnottom 50 percent of American individuals

Wednesday, February 06, 2008
Exxon's 2007 Tax Bill: $30 Billion - Seeking Alpha: "Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes)."