[Guest post by JD]
Hot Air has a post about a WSJ review of the largest taxpayers.
To identify the companies that pay the most taxes, 24/7 Wall St. reviewed corporate tax payments for the top 150 companies by revenue. … These are the companies paying the most in taxes:
• Income tax expense: $31.05 billion
• Earnings before taxes: $78.73 billion
• Revenue: $428.38 billion
•1-year share price change: 6.56%
• Industry: Oil and gas …
• Income tax expense: $20.00 billion
• Earnings before taxes: $46.33 billion
• Revenue: $222.58 billion
• 1-year share price change: 9.52%
• Industry: Oil and gas
Exxon paid approx 39% of of their profits in taxes, which had a primary negative impact on women, children, elderly, and minorities, with an extraordinarily obscene profit margin of 11%.
Chevron paid approx 43% of their ill-gotten evil profits in taxes, with a profit margin of a grotesque 11% profit margin.
They should be jailed for profiteering on the backs on the American people.