WHO PAYS TAXES?

WHO PAYS TAXES? ...

Not America's Richest Companies

Listed below are the top 10 corporate freeloaders(compiled by the U.S. Senate Research Staff).

10. Carnival Cruise Lines over the past five years made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.

9. ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks.

8. Citigroup last year made more than $4 billion in profits but paid no federal income taxes.

7. Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion.

6. Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS.

5. Boeing got a $124 million refund from the IRS last year.

4. Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009.

3. General Electric made $26 billion in profits over the last five years and not only paid no federal income tax, it got a $4.1 billion refund.

2. Bank of America got a $1.9 billion tax refund from the IRS last year, though it made $4.4 billion in profits.

1. Exxon Mobil made $19 billion in profits in 2009 and paid no federal income taxes. It did receive a $156 million rebate from the IRS.