Daily Kos: GOP disbands climate change and energy independence committee

Waste? You want to talk about waste? How about the billions in taxpayer subsidies that Republicans are funneling to big oil companies, billions that we should be using to free ourselves from our dangerous addiction to fossil fuels? These guys are driving our national agenda in exactly the wrong direction. And big oil is riding shotgun.

Exxon's 2007 Tax Bill: $30 Billion -- Seeking Alpha

Corporate profits receive a lot of media attention, but what receives considerably less attention are the corporate taxes paid on corporate profits. Do a Google search for "Exxon profits" and you'll get about 8,000 hits. Now try "Exxon taxes" and you'll get a little more than 300 hits. That's a ratio of about 33 to 1.

I'm pretty sure that Exxon's tax payment in 2007 of $30 billion (that's $30,000,000,000) is a record, exceeding the $28 billion it paid last year.

By the way, Exxon pays taxes at a rate of 41% on its taxable income!