The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes

Ben Jervey | The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes

desmogblog.com 28 Sep '12, 5pm

The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes

As Joanna Pratt, a Vice President at NerdWallet, describes it, the “Actual Tax Rate” calculated by the transparency tool reflects the actual tax payments for the current year as a percentage of the company’s income. According to Pratt, some companies will defer or reduce taxes that are due any given year through a number of tactics, so they don’t wind up paying the official corporate tax rate, or even the rate that they report. Which is how, for instance, ExxonMobil (which -- sorry, who -- barely avoided the shunned ranks of the freeloading 47 percent) paid an actual tax rate of 2 percent on their roughly $73 billion of income, while reporting a tax rate of 42 percent.

Full article: http://www.desmogblog.com/2012/09/24/fossil-47-percent-fr...

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@benjervey » 01 Oct '12, 2pm
RT @joesmyth: The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes [link]
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The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes — [link] — Mitt Romney has nothing but disdain...
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@DamianPayne1 » 28 Sep '12, 10pm
RT @Simon_Butler: RT @Simon_Butler: A long list of the energy companies that pay no income taxes in the US [link] #climate
@Simon_Butler » 28 Sep '12, 10pm
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@speziapolis » 28 Sep '12, 5pm
Delle 70 big energy nella classifica S&P500 33 non hanno pagato tasse nel 2011. Exxon 2% e le altre? [link] via @DeSmogBlog
@JerryCallaio » 28 Sep '12, 5pm
RT @Truthbuster: RT @Truthbuster: Mitt #Romney's Fossil Fuel Freeloaders: 33 Energy Companies in S&P 500 PAID NO FED TAX in 2011 [link] ...
@PolluterWatch » 28 Sep '12, 5pm
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@Truthbuster » 28 Sep '12, 5pm
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The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes: Mitt Romney has nothing but disdai... [link]
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The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes [link]
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RT @Truthbuster: RT @Truthbuster: Mitt #Romney's Fossil Fuel Freeloaders: 33 Energy Companies in S&P 500 PAID NO FED TAX in 2011 [link] ...
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The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes: Mitt Romney has nothing but disdai... [link]
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RT @DeSmogBlog: RT @DeSmogBlog: The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes [link]

Ben Jervey | The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes

The Fossil 47 Percent: Freeloading Energy Companies That Pay No Income Taxes

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