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Exxon's 2007 Tax Bill: $30 Billion
Thu Feb 7, 2008
- An American individual doesn't begin to pay income taxes until he has adjusted gross income of slightly north of $30k. Up to that level deductions serve to negate any income tax.The 35% rate is a marginal US income tax rate.
Exxon's 2007 Tax Bill: $30 Billion
Thu Feb 7, 2008
- ust think if XOM's taxable income was in line with the rest of the tax paying public we could totally eliminate taxes for the "lower 50%" and make a step toward <a href=" leveling the income tax playing field.

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