Exxon Pays 0.3% in Federal Income Taxes in 2009

Apparently, the claims that Exxon had paid nothing in federal income taxes are erroneous as Exxon claims it paid $46 million in federal income taxes in the United States in 2009, a year where it had a profit of about $34 billion.

In a place that conservatives claim is the highest corporate tax rates in the world, Exxon claims it paid $46 million in federal income taxes in the United States but paid over $15 billion to foreign governments in income taxes.

Maybe it is time to re-evaluate how America taxes the oil companies if Exxon can pay 0.3% in taxes while you and I pay considerably more.