Just One Corporation, Exxon Mobil, Paid Almost As Much In Income Taxes In 2007 As Bottom 50%

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Just One Corporation, Exxon Mobil, Paid Almost As Much In Income Taxes In 2007 As Bottom 50%

By Mark Perry on July 30, 2009 | More Posts By Mark Perry | Author's Website

According to IRS tax data just relased, the bottom 50% of taxpayers paid $32.26 billion in income taxes in 2007, and the size of that group is 70.53 million U.S. taxpayers. In the same year, just one American corporation, Exxon Mobil (XOM), paid $29.86 billion in income taxes, or almost as much as more than 70 million Americans (see chart above).

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