net net kvetch

Feels like rich uncles have moved into our master bedrooms.

ExxonMobile paid $36 billion in taxes last year. None to the USA.

Out of Chevron’s $19 billion paid out for income tax, just $200 million were paid to the USA. With sales of $157 billion, GE arranged an income tax loss of $1.1 billion. BofA took writedowns to show a $2 billion loss on $4.4 billion of taxable income. Hewlett Packard paid the USA $1.75 billion on its $115 billion sales.

Forbes’ Corporate Taxes in Pictures. I wonder if we will ever truly know if our costs to keep these companies is greater than what they provide?