It comes down to how you crunch the numbers
(NEWSER) - If you ask Exxon Mobil, the firm will say last year’s taxes exceeded US income—but a Washington think tank will tell you the big oil company didn’t pay a cent the year before that. “It all depends on how you count,” writes Steven Mufson in the Washington Post . Exxon is throwing property, gas, payroll, and state taxes into the mix; the Center for American Progress is just counting federal corporate income taxes. From that angle, the firm’s tax rate last year was 17.2%, or “lower than the average American’s,” says an analyst for the group. More»
