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According to BP's website and their 2009 press release on profits, BP's replacement cost profit for 2009 was 13,955 million. Their effective taxe rate on that profit was 33% so they paid 4,605.15 million in taxes. I do not know how much of the difference was true profit, but they definitely pay a lot in taxes.
The above ans is interesting but using terms, and I suspect is done using number reporting in shortened convention (as in dropping (000)s like, most financials), but especially terms that would take literally year to try and explain to a tax or accounting layman.
Yes BP pays US taxes....BILLIONS of dollars in income tax alone (their US income was well int the multi 10s of Bills)....and many Bs more in severance (a form of natural resource tax), and uncountable others.
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∙ 13y ago
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Why are taxes important to us?
taxes pay for all the public services such as education for an example.
What do large US cororations pay in Federal income taxes?
what do large US corporations pay in Federal income tax
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Estates pay taxes on income and may have to pay inheritance taxes.
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Yes.
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no they do not have to pay taxes on their winnings.
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The members and people working in and for the US Congress pay taxes just like any American resident. However the body itself does not pay taxes.
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taxes pay for all the public services such as education for an example.
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Yes
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47%
Name a responsibility that citizensof the US have?
pay taxes
