[gpapa]

According to IRS data for 2004, the most recent year available:

Total number of tax returns: 130 million

Number of Tax Returns for the Bottom 50%: 65 million

Adjusted Gross Income for the Bottom 50%: $922 billion

Total Income Tax Paid by the Bottom 50%: $27.4 billion

Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).

[truth_seeker]

“Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people!”

So why do people with no income, assets, land, titles or oil wells get to vote?

And Exxon does not get to vote, even though they paid over and over for the right?

[gogogodzilla]

What’s your point? That those earning more pay more?

Egads! Run for the hills, the Hottentots are coming!

[ksen]

Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually . . .

Corporations don't pay taxes, they pass that cost along to the consumers.