Exxon Mobil Datapoint of the Day

Mark Perry:

Exxon Mobil pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people.

Or, to put it another way, you could abolish all taxes for the bottom 50% of individual taxpayers, and still only get about 18% of a $150 billion fiscal stimulus package. Which makes sense, since those taxpayers only earn just over $14,000 a year each, on average. They shouldn’t be paying taxes.

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