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03 Nov 2011 21:57

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Biz: Study: Many corporations pay low tax rates; some pay none

  • 35% the corporate tax rate set by the U.S. government
  • 18.5% the average “real” tax rate paid by 280 Fortune 500 companies source
  • » And some companies don’t even pay: Two notably large companies that don’t pay any taxes … and in fact owe less than nothing somehow? General Electric and Pepco. (On a side note: DC residents looooooove Pepco, because the power goes out all the time around here.) Both companies defend their businesses practices.
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2010 10:40

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Biz: Fortune 500: Huge profits go hand-in-hand with record layoffs

  • $391
    billion     size of the collective profits the Fortune 500 had last year
  • 821,000
    positions     number of jobs they had to cut to ensure that huge profit source
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2009 21:23

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Biz: The Fortune 500 is worth a lot less than they were before

  • 85% decline in the Fortune 500’s profits from 2007 to 2008 source
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2009 21:10

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Biz: The Fortune 500’s top five and how they got to the top

  • one ExxonMobil: Making money off of the world’s addiction to oil, their massive profits were up 19% in 2008.
  • two Wal-Mart: Making money off of the world’s addiction to cheap crap, their profits were up 7% in 2008.
  • three Chevron: People like putting gas in their cars, and indirectly, money in Chevron’s cash-lined pockets.
  • four ConocoPhillips: see all the stuff we just said about ExxonMobil and Chevron, then apply it here.
  • five General Electric: Nobody watches NBC, so we’ll assume it’s because of all the other stuff they make. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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