Just One Corporation, Exxon Mobil, Paid Almost As Much in Income Taxes in 2007 As The Bottom 50%
Submitted by CARPE DIEM
According to IRS tax data just released, the bottom 50% of taxpayers paid $32.26 billion in income taxes in 2007, and the size of that group is 70.53 million U.S. taxpayers. In the same year, just one American corporation, Exxon Mobil, paid $29.86 billion in income taxes to various governments (updated), or almost as much as more than 70 million Americans paid in U.S. income taxes (see chart above).
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