- Exxon Mobil‘s 2009 profit totaled $19 billion. According to its SEC filings, the company received a $156 million rebate from the IRS. It did not pay any federal taxes.
- Bank of America made $4.4 billion in profit last year. It received a $1 trillion bailout from the Federal Reserve and the Treasury Department and a $1.9 billion tax refund from the IRS.
- General Electric made $26 billion in profit in the U.S. during the past five years. It received a $4.1 billion tax refund from the IRS. GE has cut a fifth of its American jobs in the past nine years and is boosting jobs overseas, where tax rates are lower.
- Chevron‘s IRS refund last year totaled $19 million. Its 2009 profit came to $10 billion.
- Boeing received a $30 billion contract from the Pentagon to build 179 airborne tankers. It received a $124 million refund from the IRS.
- Valero Energy made $68 billion in sales and received $17 million tax refund from the IRS. Over the past three years, it has received a $134 million tax break.
- Goldman Sachs paid 1.1% of its 2008 income in taxes. It made a profit of $2.3 billion. It received $800 billion from the Federal Reserve and U.S. Treasury Department.
- Citigroup profits last year totaled more than $4 billion. It paid no federal income tax and received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury.
- ConocoPhillips‘ profits from 2007 through 2009 totaled $16 billion. It received $451 million in tax breaks because of the oil and gas manufacturing deduction.
- Carnival Cruise Lines made $11 billion in profits over the last five years. Its federal income tax rate came to 1.1%.
- The Top Ten U.S. Corporate Tax Avoiders. (thetruthiswhere.wordpress.com)
- GE, Exxon, 10 Other Major Corporations Paid Negative Tax Rate (alternet.org)