Michael Moore and Bill Maher on Corporations

Michael Moore discusses the former Democratic Presidents and how they treated corporations and taxes.

• Category

  News & Politics

[P. Tear Griffin]

Moore is right and I respect his fight, but he is completely one sided and wrong sometimes.

Forbes reported: ExxonMobil in 2011 made $27.3 billion in cash payments for income taxes. Chevron paid $17 billion and ConocoPhillips $10.6 billion. Exxon’s tax rate was 42.9%, Chevron’s was 48.3% and Conoco’s was 41.5%. That’s even higher than the 35% U.S. federal statutory rate, which is already the highest tax rate among developed nations.

[mccainisthroughX]

For one thing, Forbes is now operated by right-wing religious Kook and dolt forbes, the kid, not the brilliant old man, and, it's no more accurate than fox Comedy news, who, collectively, predicted a "romney landslide win." Given that, here's a bit of actual information, not from a right-wing crackpot ...

[mccainisthroughX]

"Between 2008 and 2010, a dozen major US corporations—including General Electric, ExxonMobil, and Verizon—paid a negative tax rate, despite collectively recording $171 billion in pretax US profits, according to an analysis by Citizens for Tax Justice. Taken together, these companies' tax burden was -$2.5 billion, and ten of the companies recorded at least one no-tax year between 2008 and 2010." AND ...

[mccainisthroughX]

"Not a single one of the companies paid anything close to the 35 percent statutory tax rate. In fact, the "highest tax" company on our list, Exxon Mobil, paid an effective three-year tax rate of only 14.2 percent. That’s 60 percent below the 35 percent rate that companies are supposed to pay. And over the past two years, Exxon Mobil’s net tax on its $9.9 billion in U.S. pretax profits was a minuscule $39 million, an effective tax rate of only 0.4 percent." So, our dear friend Michael's correct.

[mccainisthroughX]

forbes is a right-wing rag, and has no idea what its gibbering about. Exxon, which is a stock we own, paid FAR LESS than Average Americans. FACT: "Over the past two years, ExxonMobil reported $9,910 million in pretax U.S. profits. But it enjoyed so many tax subsidies that its federal income tax bill was only $39 million—a tax rate of only 0.4 percent." It's fun when Facts filter in to the gop mix of Phony "facts." How'd those fox Comedy news election predictions go, "romney will win big," LOL!

[mccainisthroughX]

*9,910 Billion

[595o]

Seems like the chairman… lost his chair. *sunglasses*

[mccainisthroughX]

LOL! One of the stupidest comments ever. First, our friend Michael Moore does not "preach against capitalism," he's for capitalism, just not avaricious greed, manipulation, control, corporate privilege over citizens rights, immorality in business, you know, republican "values." Michael also happens to be enormously philanthropic, giving away vast amounts of money very generously to very good causes, many of which are for children. Typical republican Kook, backwards on every point. You're sad.

[P. Tear Griffin]

So you are saying in 2010 Big oil paid no taxes and in 2011 they paid billions?

[Charles Martin]

No one is always right, including Moore.  But notice that the video was uploaded in 2010, so obviously he wasn't referring to 2011 taxes. I don't know where you got your data, but effective tax rates above the statutory maximum rate are mathematically impossible.

[edavismookie25]

Yep. At one time corporation were subordinate to the government and government was subordinate to the people. The change came when Ronnie suckass Reagan became president and big business and corporations gained considerable influence..

[edavismookie25]

Too funny!

[MrLowkey Green]

somehow i doubt all those millions would cover the damage they have done to our planet lol.