Monday, April 19, 2010

Corporate Tax Bills Passed on to the Consumer

http://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/index.html?source=cnn_bin&hpt=Sbin

So the one company on this list that actually pays US income taxes is the one who routinely tops the list of selling the cheapest products. The Exxon's and Chevron's of the world actually get money back from the government yet those savings were not passed on to the consumer...And the Teabaggers are complaining that the Federal Government taxes too much? These are some of the biggest corporations in the world. Looks like the federal government offers too many tax breaks, loopholes and credits as opposed to taxing too much.