Give Back My Man: Who is Paying, Who is Not and Who Promises “Fish and Candy”!

Welcome Back Citizens,

We have been a bit busy with our duty a Patriots, so please accept sincere apologies for not posting this expose article sooner.

For those whom may be interested, this editor’s next expose, now being researched for April publication, will focus on energy with a different aspect of analysis than we reported previously.

There are lots of documents to examine and verify, so look for it in the near future next month.

Give Back My Man, A President Who Delivers What He Promised:

This expose article will provide focused truth on just what companies are paying their fair share of taxes, with verified data sources, and what companies are bilking the taxpayers out of HUNDREDS OF BILLIONS of dollars.

Who pays? YOU, the citizens of the United States AND the energy companies that actually pay taxes.

Just like The B-52s said in 1980, when we had a President In Ronald Reagan who could at least admit his faults and ask for forgiveness when he made mistakes, how does anyone “Give Back My Man”, the President of our United States, unless he can admit to his failings like the rest of us?

Citizens, are we really talking about the very same President, Barack Obama, who promised us all an “All of the Above” energy policy and a balanced budget when he was elected? Yes citizens, it is the very same President, Barack Obama, who provides a “Some of The Above” energy policy if he feels like it, with massive “fish and candy” tax giveaways to his unethical corporate cronies as listed below!

Or do you simply want free “fish and candy” promises, paid for by others from Barack Obama as the famous song from The B-52’s indicates?

Is it worth the cost of TRILLIONS in budget overspending and borrowing when solutions are available without attacking the very companies that make the United States economy viable as we have previously reported? My response? No way! It should be yours too!

Have you had it up to your eyeballs with President Barack Obama’s so-called war on our potential for United States Energy Security available today? How do you feel about that $5 a gallon gasoline citizens thanks to The Democrats blocking Keystone XL, ANWR and Offshore energy ?

Do you, like many in the United States, wish that President Barack Obama would simply do his job to ensure North American Energy Security that would provide hundreds of thousands of well paying jobs like being accomplished in North Dakota and elsewhere in the United States where wages are fifteen to twenty dollars an hour for flipping burgers at McDonalds? And with a $300 signing bonus to boot!

Are you sick and tired of the fibber President Barack Obama and his minions attempts at brainwashing you about who is actually paying their fair share on income taxes, and who is not?

If you are like over half of the population of the United States who are not liberally brainwashed by the President and his minions, these facts might not come as a surprise.

If you are a liberal, and we certainly respect your opinion, even if it is incorrect, this expose will provide irrefutable shocking facts that the major corporations not paying income taxes in the United States are NOT the oil companies. The oil companies documented below are in fact the largest taxpayers in the United States of America, already contributing more than their fair share.

No, as you can witness below, the tax avoidance offenders are giant corporations receiving huge unfair tax breaks with a wink, a nod, and a pat on the backside from the Obama Administration.

All the while, the Obama Administration is incorrectly vilifying the energy companies that keep the United States coffers full, allow our industries to excel, each of whom pay the largest amount of taxes into the United States Federal Treasury.

First let us examines some of the most notable tax offenders who are bilking you, the taxpayer each and every year.

You may rightfully ask who ultimately pays for their HUNDREDS OF BILLIONS of questionable deductions?

We are sad to let you know that it is YOU citizens who pay for their lavish lifestyles with your tax dollars, funneled to them by President Barack Obama and his unethical minions!

Since 2012 tax data in not yet available, we include the latest available verifiable tax data on the effective tax rate percentages (or negative tax rates), that you, the citizens of the United States are paying for with your tax dollars from tax year 2011.

Verizon Communications
Profits: $19.8 billion
Income taxes paid: NONE
Effective tax rate: -3.8%
Source: Verizon public tax documents verified by Center for Responsive Politics

General Electric
Profits: $19.6 billion
Income taxes paid: NONE
Effective tax rate: -18.9%
Source: GE public tax verified by Center for Responsive Politics

Boeing
Profits: $14.8 billion
Income taxes paid: NONE
Effective tax rate: -5.5%
Source: Boeing public tax documents verified by Center for Responsive Politics

NextEra Energy: North America’s largest solar and wind power operator, based in Florida
Profits: $8.8 billion
Income taxes paid: NONE
Effective tax rate: -2%
Source: NetAra public tax documents verified by Center for Responsive Politics

American Electric Power: Electric utility based in Columbus, Ohio
Profits: $8.2 billion
Income taxes paid: NONE
Effective tax rate: -6.4%
Source: AEC public tax documents verified by Center for Responsive Politics

Pacific Gas & Electric: California electrical utility
Profits: $6 billion
Income taxes paid: NONE
Effective tax rate: -8.4%
Source: California Public Utility Commission tax documents verified by Center for Responsive Politics

Apache: Houston-based electric utility company
Profits: $6 billion
Income taxes paid: NONE
Effective tax rate: -0.3%
Source: Apache public tax documents verified by Center for Responsive Politics

Consolidated Edison: New York energy company
Profits: $5.9 billion
Income taxes paid: NONE
Effective tax rate: -1.3%
Source: ConEd NYC public tax documents verified by Center for Responsive Politics

CenterPoint Energy: Electric utility company based in Houston
Profits: $3.1 billion
Income taxes paid: NONE
Effective tax rate: -11.3%
Source: Centerpoint public tax documents verified by Center for Responsive Politics

Now let’s take a look at what companies are actually paying their taxes like all good companies should, unlike the Obama minions, Corporate Goldbrickers all, as listed above.

ExxonMobil
Income taxes paid: $27.3 billion
Profits: $41 billion
Effective tax rate: 42%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Chevron
Income taxes paid: $17.4 billion
Profits: $26.9 billion
Effective tax rate: 43.3%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

ConocoPhillips
Income taxes paid: $10.6 billion
Profits: $12.4 billion
Effective tax rate: 45.6%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

JPMorgan Chase
Income taxes paid: $8.2 billion
Profits: $19 billion
Effective tax rate: 29.1%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Wal-Mart Stores
Income taxes paid: $5.9 billion
Profits: $15.7 billion
Effective tax rate: 32.6%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Microsoft
Income taxes paid: $5.3 billion
Total revenue: $72 billion
Profits: $23.5 billion
Effective tax rate: 15.9%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Wells Fargo
Income taxes paid: $4.9 billion
Total revenue: $87.6 billion
Profits: $15.9 billion
Effective tax rate: 31.5%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

International Business Machines (IBM)
Income taxes paid: $4.2 billion
Total revenue: $107 billion
Profits: $15.9 billion
Effective tax rate: 24.5%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Apple
Income taxes paid: $4 billion
Total revenue: $128 billion
Profits: $33 billion
Effective tax rate: 24.6%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

Freeport-McMoRan Copper & Gold
Income taxes paid: $3.4 billion
Total revenue: $20.9 billion
Profits: $4.6 billion
Effective tax rate: 35%
Data: Thomson Reuters Fundamentals via FactSet Research Systems.

In closing for now, as you can see for yourselves, the oil companies are not the villains in all of this. So there you have it and now you know that being told how “bad” those oil company “tax breaks” are is patently false!

They are NOT “bad” as you as being brainwashed to believe by The President and the Main Stream Media. As you can see from the effective tax rates the oil companies, whom are paying their fair share as documented, the President and his minions, including the MSM are NOT telling you the truth.

The deductions for oil drilling and exploration cost factors are not that much different from the tax deductions that pharmaceutical and many other companies that are allowed to take deductions for research and development.

Does President Barack Obama and his Democrat minions in the United States Senate and United States House of Representatives propose taking those away too from all the companies in the United States as well?

At what cost? MILLIONS of jobs for citizens in the United States that is what!

As for the domestic manufacturing income tax deduction, every other company that manufactures anything in the United States can deduct up to 9% of the income they generate on those goods. Right now, oil companies only get a 6% deduction on the oil and gas they produce.

Why are the oil companies being treated unfairly, and what can you do about it to “Give Back My Man” and our country from the clutches of misguided policies being inflicted on the United States by President Barack Obama and insider trading minions like GoldBrickers, Senator Diane Feinstein, do nothing, budget-less Senate Leader Harry Reid, and corrupt Congressperson Nancy Pelosi?

Simple! Call, write, post on Facebook and tweet to President Barack Obama and The Democrats that enough is enough and stop making villains of the oil, natural gas and coal producing companies!

Tell the United States Congress to make the Corporate Goldbrickers pay their fair share and stop printing money, worth less each day, at the Federal Reserve providing the countless Obama giveaway freebies that are bankrupting the United States.

And most importantly, vote to remove The Democrats from power in 2014 before it is too late for our children and grandchildren to fix the finger pointing, financially ruinous bankrupt mess The Democrats have created over the past four years!

Thank you.

Stay tuned as Kenn from RockwaterReports announces more of our new Real News series in the future!

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Thank you.

Best Regards,

Kenn