Gee, I pay many taxes in other ways. Maybe I can apply for zero income taxes?
Love how the kneejerk dingbats automatically defend the companies that are srewing the American Citizen.
Great idea! Let's allow 4 out of the 5 biggest US companies to make no profits, that way they can go out of business, not provide us valuable services that we need and kill the jobs of 10s of thousands of workers!
Great idea!
But did you see some of the FOREIGN tax rates Exxon has had to pay...like 85% rate in some of those countries it said....
I HIGHLY DOUBT that exxon would go out of business having to pay a few pennies compared to other countries, in federal corporate income taxes in the US.
they did not just pay zero in income tax hook, they got billions in income tax credits ON TOP of that, which IS corporate welfare.