In 2005, a bill passed by the U.S. House of Representatives made being in the country illegally a federal crime, prompting massive protests in major cities across the country.
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#91 Jun 21, 2013
And then thereís Exxon-Mobil, which paid more in income taxes than any other U.S. company last year, just none of it to the U.S.:
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
Instead, the $15 billion was divided among the countries where Exxon has set up one of its hundreds of foreign subsidiaries. In total, Exxon 122 foreign subsidiaries, including 32 in countries that are officially labeled tax havens by the U.S. government. It has 18 subsidiaries in the Bahamas, and 3 each in the Cayman Islands, Hong Kong, and Singapore.
In each of the last two years, the Obama administration has proposed eliminating the loopholes and incentives in the tax code that allow companies to set up subsidiaries in these low- or no-tax countries, which help them lower their effective tax rate by 20 points or more. Both times, the administration saw its efforts rebuffed by Congress and the Big Business lobby, which means that a $100 billion annual tax burden will continue to be shifted onto U.S. taxpayers (including corporations) that donít engage in this sort of tax evasion.
#92 Jun 21, 2013
In October, Chevron made the single-largest corporate donation in history. Chevron dropped $2.5 million with the Congressional Leadership Fund super PAC to elect House Republicans.
The bulk of Chevronís federal contributions came from the super PAC donation, for a total of $3.87 million for the 2012 cycle. 85 percent went to Republicans.
Chevron spent $9.55 million lobbying Congress in 2012, according to the Center for Responsive Politics.
Chevron paid 19 percent U.S. taxes last year (half of the top corporate tax rate of 35 percent), and received an estimated $700 million in annual tax breaks last year.
Chevron was fined $1 million for a refinery fire that sent 15,000 Richmond, California residents to the hospital. Though the company faces $10 million in medical expenses, Chevron earns it back in a couple of hours.
With Royal Dutch Shell and ConocoPhillips reporting $35 billion in combined profit in 2012, BP is the last company left to announce its profits for the year.
#93 Jun 21, 2013
So some of Wal Mart's workers also get Medicaid. Well guess what? At least they are working. That I s more then you can say about all the Welfare breeders that also get Medicaid while they lay around doing nothing. I say give wal mart all they can get, or stop subsidizing the lazy breeders. I much prefer my taxes go to Wal Mart for people who work.
#94 Jun 21, 2013
Fuel cost at least twice of what it should cost, with the help of the government(Repubs and Dems alike). So in reality, it is us who paid those taxes while driving to work everyday.
#95 Jun 21, 2013
Plus, with Walmart I get to keep more of the money I earn because of their low prices.
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