Exxon Mobil paid no federal income tax in 2009

"Poor" Exxon? You've got to be kidding...

It worked for the girl crying on the video...

Unfortunately, it'd not likely that they are skirting the law. When you throw millions at congress the laws are written for you.

yea. based out of a P.O. box in the cayman.

Offices along with vacation home on private golf courses with butlers, maids, and cooks
I have been there and rented one of these villas, what a fn life The weed was good too

George Carlin used to say that the super rich conned the average Joe this way with the three "G's". God , gays, and guns. now it seems to have shifted. they con the people by giving them the idea that they can become the super rich themselves and then they won't have to pay any tax either.

Its called manipulation of those who are not intelligent enough to see the truth but George Carlin for all his nutiness was right on when it came to the republican party using God, Guns as in the liberals will take them away, and Gays those aids spreading homos.
Pardon my language there no disrespect meant and I hope none is taken. I support gay rights 100 percent. I am for the second amendment with the caveat that no one should be able to own fully automatic weapons of any kind and there should be mental evaluations on all who wish to own one, and for god that between you who believe and your God. Mine is simply the universe that makes all things possible

Well said.

"Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. "

That is not "government sponsored activity," that's called dodging your fucking taxes with offshore accounts.

But the apologetics sure would have sounded nice to someone who didn't read the article.

"No, it's called lowering your tax consequences by moving to lower offshore exposure. Talk about not reading something."

That's called DODGING YOUR FUCKING TAXES.

What is this Orwellian world you live in? It's not tax evasion because there's a legal loophole? Is that really the side you're taking?

Spin whatever bullshit you want, your argument is that it's ok to exploit legal loopholes in the tax code to dodge taxes and reap in more profits. That's the fucking reality of this situation.

I would be in favor of laws to fix the code and companies who violate have their corporate charter revoked.

I wonder how corporations can have individual status yet retain previous corporate loopholes? If they can get away with that they've graduated to something more than either.

It just hasn't been named yet.

Dictator?

nice response...those that can see beyond the end of their nose will understand

It isn't easy livin' on the street. $400 million will barely buy street cred these days. That is a mere pittance compared to other corps. He got dissed, hahaha.

We do an extent demand higher revenues as investors. Does that mean that the companies have to resort to business practices that are unethical and immoral? Enron skirted the laws, how many other companies practice, "cookin' the books".

The shareholders do not have rights though that the board and the CEO possess. So the shareholders are in essence just investors with no voice. Except to pull their money out.

I hope that Obama will be able to convince the republicans that we need some changes in the laws concerning big business. We need some changes so that the banks and car companies do not bring down the system in the future. Is this making the govt stronger? YES it is, and I do support it!!!

If those profits were made offshore through the Bahamas and Caymen Islands you don't get a fn dime. You only share in profits as a shareholder for those profits made here in America.. Now if you invested in Exxon in abu dabi or wherever they are in foriegn countries you would get dividends. Live and learn

lol, dude, i own exxon stock. I live and learn every time i get a check from them. So don't act like a smart ass when you dont know what YOUR talking about

you do not get dividends from foriegn companies owned by exxon unless your registered in the American deposit registry otherwise you do not You can call me what you want, you can say what you want its a free country

only keping it real. i respond as i am treated

No, this is an example of how the 100 % government created and IRS administered two-and-a-half million page tax code works.

This isnt an USA exclusive issue. Same happens pretty much everywhere else.

Teabagging. They don't get disgruntled at the disfunction, they only get mad when the govt tries to address the disfunction. They will surely argue that Exxon has liberties that should not be trampled on, and the free market will fix it all.

tax the poor??? what tax bracket are you looking at as being poor??

Anyone over $250,000 is considered wealthy. Poor for welfare purposes is under $13,000 for a family. The median income is between $20,000 - $30,000. Which I consider poor. We need to bring back the pre-Reagan era taxation of 70% of income of millionaires. How many billions do you need to survive?

ya that would do it....
lets start your tax program right now...send me money

Where do I send my money?

straight to me, lets skip the middle man (IRS). i won't ask for 70%......60% would be fine.

I have already paid my taxes for this year, and more than the majority of what most Americans make. I am happy to pay these taxes to support the United States of America. After visiting other countries for various reasons I love America.

The man's walking on top of the water that's drowning others! Leave him alone Storm. He said he loves it. I think we should take him at his word. It isn't his babies being napalm-melted. He also escaped slavery so perhaps we should bow real low as he walks past. C'mon Storm! You can do it. Bend those old judo-busted knees and find dirt.

Not exactly happy with the IMC, it gets the job done but it is NOT efficient at all. It also costs us a bit tax dollar wise with their spending habits. The military follows what the President and our elected officials say, so I agree with what they do based on our standing in the world.

We are similar to Rome in many ways.

The tax code is easy...if you use Turbo Tax, hahahhaa (joke). I have to hire a tax attorney because of my special case. (I want to try and hide all my money from govt in a legal manner). That definitely is not my forte is tax preparation. I can't say it is easy either.

I don't know if any law is completely understandable to the lay public. To a lawyer is makes more sense (based on what kind of lawyer you are). Similar to someone presenting to the emergency room, I don't expect a laymen to be able to know what to do with a pulmonary embolism or a trans-ischemic attack. It isn't what they went to college for and prepared to do in life. Just as I know little to nothing about engineering, nuclear power plants, constitutional law, how a bill is passed through the house and all the levels of bureaucracy works. I see what you are saying though, you would like it written in a simpler manner.

I am a sheep...Baaaahhhh

Any law not understandable by the general public is a law designed to subvert them.

I agree with your statements. I also believe that something as simple as laws that we have understood for hundreds of years can be contorted. Case in point Cheney stating he was not part of just the executive branch but part of the legislative branch and thus didn't have any authority that could provide oversight. So lawyers can twist things (gasp, lawyers are masters of skullduggery), be very suspicious when they are around, haha.

Couldn't have said it any better.

That's laughable. They don't pay taxes because the tax rate is too high? Fail. You have to make a different argument, it just makes absolutely no sense, even bordering on delusional. A classic example of ass-backward refried capitalist ideology.

Please go to mexico, good riddance. Forget that we as Americans are the largest consumers in the world and that's part of what gives you a profit.

Just keep pretending, that it is all your doing. You are such an amazing self sufficient person who uses nothing the government provides to you to become more successful. No one gave you anything and it is all due to your hard work. Very nice fantasy.

The fact that you admit to paying no taxes and advocate this position highlights a broader mental disease in this country. Newsflash! If you were born ANYWHERE else in the world you wouldn't have anything that you supposedly earned all by yourself.

well put

Don't forget those middle classes only exist as long as the US keeps the status quo. We still produce vast amounts of the world's food supply. When it comes to hardball the US is the only place that has the ability to become isolationist and not get decimated in a crunch. For the short term companies can go elsewhere, but those booming markets can't feed themselves, and without jobs, our middle class will eventually become the poor, then wipe out the large Agg companies during the "Kill the rich" populous revolt stage. All in all, it's good for the US to be kept well enough that we don't have the massive social problems that plagues large portions of the world's population. Keeps us out of their business, and keeps them fed.

The U.S. right now, consumes more goods than all other nations COMBINED. I think you may be slightly retarded. You are flat out making the case for scorched Earth economic policy. Use one nation until it is sucked dry, and then move on to the next. You do know that you are raping your kids right?

Almost sounds like a call to vote more progressives into power. And no not all democrats are progressive.

bike in all seasons 4 life

How about a tax on oil? $50 to $75 per barrel for offshore oil. The same on imported oil. Use the money to pay the national debt. Mandate that all new cars sold in the US be bi-fuel(compressed natural gas) and flex fuel or biofuel capable.

If people do not want to pay the tax on oil, they can use CNG. CNG is already cheaper to use than petroleum. Most people will want to use CNG.

from logicpocket-------" I need a car that doesn't impede the flow of traffic by having sub-standard acceleration."---------

Bi-fuel cars are common in Europe where the price of gasoline has been high for a long time. They are also used a lot with diesel engine vehicles because they are easy to start in cold weather and run extremely clean. There is no detectable difference in performance when you switch between liquid fuel(gasoline or diesel) and gas fuel(methane).

--------" I also strongly prefer one that looks aesthetically pleasing because I cultivate my home, put together outfits, and thus would /like/ a car that reflects that."--------

Any internal combustion engine can use compressed natural gas. There are after market conversion kits that can fit virtually any engine ever made. Factory installed systems are actually after market conversions installed by the factory when the car is manufactured.

-------" What is really important though is that it cost the same USD$4,000 I would pay for an equivalent gas-burning car, and I need it to pollute as little as possible if at all."------

A bi-fuel CNG conversion would cost about $1,500 USD. About 1/3 to 1/7th the price difference between a hybrid and the same model gas only vehicle. And CNG already costs about 1/2 the amount to drive the same distance that it does to use petroleum. Depending on how much you drive, pay back period could be as little as one year.
CNG burns so completely and cleanly that oil does not need to be changed nearly as frequently as with petroleum. Oil changes with CNG are done between 10,000 and 30,000 miles depending on driving conditions. Compared with 3,000 to 5,000 miles recommended for petroleum. Using synthetic oil and mostly highway conditions, with CNG, 50,000 miles would be possible.
Honda Civic GX has earned the California Air Management Board certification for near zero emissions---the highest possible certification for low emissions.

-----------" I'd also like a federal ban on plastic bags and the subsequent standardization of plant cellulose-based equivalents."------------

In most places in Europe, there is a tax on plastic bags. It ranges from about ,10 Lats to .40 Lats where I was at in Riga(about $.20 to $.80 cents) Most people carried their own reusable bags to avoid paying the tax.
Paper bags are "plant cellulose-based equivalents"----we've had paper bags a lot longer than we have had plastic bags. If you want a "plant cellulose-based equivalent" to plastic bags, use a paper bag----and they are easily biodegradable.

Or...............don't use petroleum. Use biofuels and natural gas that we can produce right here. We can bring jobs back to the US by not buying their petroleum-----we can drive our vehicles with biofuels and methane we produce right here.

thats a bail out.

One could ask whether or not a bailout would have even been necessary if these monolithic corporations were properly regulated. Whether they skip out on the bill or flat out beg for us to pay the bill, either way it's corporate welfare at the taxpayer's expense. Meanwhile they fly in nice jets and live in huge mansions and never worry how they will afford their next filet mignon with lobster garlic butter sauce.

Yep----I've been telling people this for years. Not only that---that is not counting the money lost to the economy to buy a raw material(crude oil) that is just going to be burned up.

Try more like, $7 TRILLION lost to the economy.

Now think where the economy would be if over the last 10 years, we had pumped the equivalent of 7 Economic Recovery Acts into the economy with no new taxes and no debt.

THAT is why we need to be using biofuels and get rid of petroleum.

No, it is an outright give-away.

Yes. Exactly.

The only reason they can get away with it is because of the monopoly hold on consumers.

If we DEMAND cars that are bi-fuel and flex fuel capable-----petroleum will no longer have a monopoly control over consumers fuel choices. Brazil has already done it.

We need to do it too.

Yes, you're right, but No, you're also wrong, because the Gov't is a flexible tool that changes shape on ya. We use less fuel, they and the corporations would be charging a thousand dollars a barrel (= higher taxes), so the individual would be kept in the same stinking losing hand financial condition they are in now.

And if all vehicles were using CNG, Methane and so on you recommend, once Crude Oil was no longer used the oil companies would be selling those other fuels => $$$$$$

The rosy picture you paint is a mirage.
We are dealing with shape shifters
that serve up quicksand from hell.

What we can be certain of is they'll never allow a fuel combo of compressed air and steam because then ordinary citizens would be able to pay doctors in cash and pay off their homes in 5 years.

Because Fox News isnt telling them anything about it. All they hear is the "Democrats are trying to jam bills down our throats".

Seriously though how in the fuck did we mot tax this mega-corporation?