Top 10 US Corporate Tax Avoiders Named on Senate Floor

Can you believe halfpricesoft.com paid more taxes than ExxonMobil, Bank of American and GE? Read this article.

Despite complaints about the U.S.'s burdensome 35% corporate tax rate, two-thirds of American corporations pay no taxes in a given year. In a speech last week on the Senate floor, Senator Bernie Sanders of Vermont called out the top 10 corporate tax avoiders:

Among those actually getting money back from the Feds:

• ExxonMobil made $19 billion in profits in 2009, paid no federal income taxes, received a $156 million rebate

• Bank of America received a $1.9 billion IRS refund despite $4.4 billion of profits

• General Electric had $26 billion in profits, and $4.1 billion refund (GE made it onto another top 10 list of top corporate lobbyists in 2010, spending $39 million)

• Chevron nabbed a $19 million refund after making $10 billion in profits
• ....