Thursday, August 4, 2011

Who Are the Real Freeloaders?

Did you get a tax refund last year?  Let’s see who did:

Valero Energy, the 25th largest company in America, with $68 billion in sales last year, received a $157 million tax refund check from the IRS.

Boeing got a $124 million refund from the IRS last year.

Chevron received a $19 million refund from the IRS last year, after it made $10 billion in profits in 2009.

General Electric made $26 billion in profits over the last five years and not only paid no federal income tax, it got a $4.1 billion refund.

Exxon Mobil made $19 billion in profits in 2009 and paid no federal income taxes.  It did receive a $156 million rebate from the IRS.

(SOURCE: “Who Pays Taxes? Not Americas Richest Companies,” CWA News, Summer 2011, from a list compiled by Senator Bernie Sanders [I-VT])

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