Today's number: 12

That number represents the top 12 Corporations that not only don't pay taxes, and actually get a refund check from the IRS. So, lets look at a few of these fuckers and how they keep all their money and take some of our money in the form of tax rebates by using a new report put out by PublicCampaign.Org.

Twelve large American corporations have been identified by news reports, nonprofit organizations, and elected officials as paying little or no federal income taxes. Collectively, these one dozen corporate tax dodgers have benefited dramatically – in tax loopholes, bailouts, and subsidies – from the more than $1 billion dollars they have invested into influencing Washington. As Americans pay their taxes this month, it is important to understand that our political system lets these corporations off the hook while the rest of us foot the bill.

Ah yes...loopholes and lobbying, why it's the American Way people! First one on the OIL list is ExxonMobil:

Quick Facts on ExxonMobil
Campaign Contributions: Total Over 10 Years (2001-2010), $5.7 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $138 million
Government Contracts: $840 million in 2008; $6.8 billion from 2000-2008
Profits in 2009: $19 billion
Taxes Paid for 2009: $0
Tax Rebate for 2009: $156 million

Well, I guess that nice little tax rebate probably paid for most of their lobbying, with a few million left over to hand  out to their top execs. Now, lets look at the top bank that royally fucked us over AND got a lovely parting gift in the form of Bailout Funds to boot ...Bank of America:

Quick Facts on Bank of America
Campaign Contributions: Total Over 10 Years (2001-2010), $11 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $24 million
Bailout Funds: $20 billion to save itself, $25 billion to buy Merrill Lynch, $118 in loan guarantees
Profits in 2010: $4.4 billion
Tax Refund for 2010: $1.9 billion

Gee, I really think BofA should be the top dog in screwing us over as they got a tax refund and bailout funds as well. The third group is known as the Transportation group. Their top carpetbaggin fuck is....drumroll please...Boeing:

Quick Facts on Boeing
Campaign Contributions: Total Over 10 Years (2001-2010), $10 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $115 million
Government Contracts: $24 billion in 2008; $169 billion from 2000-2008. Recently received $35 billion contract from Pentagon.
Taxes Paid in 2010: $0
Tax Refund in 2010: $124 million

All those nice government contracts, zero paid in taxes and a beautiful tax refund to boot. What more could they ask for? Next is the Telecom and Technology groups:

Quick Facts on Verizon
Campaign Contributions: Total Over 10 Years (2001-2010), $12 million
Lobbying Expenditures: Total Over 10 Years (2001-2010), $131 million
Government Contracts: $488 million in 2008; $5.1 billion from 2000-2008
Profits in 2010: $12 billion
Taxes Paid for Last 2 Years: $0

Verizon's CEO must be very very happy, wouldn't you think? After all, they fucked us on lots of different levels.Their campaign contributions round out to roughly 1.2 million a year.

Shared sacrifice my brown ass. None of these batshit bastards share, they just take and take and then pay off all those lovely Congress Critters. I guess you could say they share with their bought and paid for Congress Critters, they sure as hell aren't sharing with us, the taxpayers.

Obama said yesterday that he wants to tax the rich...he needs to start with taxing The Corporatocracy, and shit-canning all those loopholes they use to fuck us over..all the while, with a smile on their faces and cute commercials about how they give back by helping Main Street.

Exxon sets record for 2nd quarter profits.

I should say another record. From CNN:

Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.

That profit works out to $1,485.55 a second.

That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.

"The fundamentals of our business remain strong," Henry Hubble, Exxon's vice president of investor relations, said on a conference call. "We continue to capture the benefit of strong industry conditions."

Strong industry conditions my ass. They refuse to refine enough crude to keep the price down. They are the bastards of industry.

SCOTUS lowers Exxon's spill damages

Fuckers...It happened 19 years ago and the rat bastards haven't paid any of the damages, but they have taken it all the way through the courts. Now, SCOTUS has taken the case and lowered the $2.5 billion punitive damages award. Punitive damages are designed to punish a wrongdoer, while compensatory damages compensate a wronged party for the loss they suffered. From CNN:

The high court concluded that punitive damages should roughly match actual damages from the environmental disaster, which were about $507 million. Lower courts were asked to reassess the jury verdict, extending the years-long litigation in the case.

The 'liberals' on the court agreed with part of the ruling.Not only did the Valdez destroy thousands upon thousands of mammals, it also destroyed much of their habitat and the fishing that locals depended upon for their livelihood.

But its all about the bottom line for Exxon..not for owning up to anything..just spending millions in Lawyers Fees in order to lower the hit to their fucking bottom line.