The Tax Foundation estimated that between 18981-2008, oil and gas companies sent more dollars to Washington and the state capitals than they earned in profits for shareholders. Exxon Mobil, between 2006 -2010 incurred $1.45 in US taxes for every dollar earned, paying $59 billion while earning $40.5 billion.
- WSJ editorial March 14, 2012
The tax bite in the US is about 15% points higher than the average paid by other OECD countries.
Shouldn’t we consider this odd?
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