Thursday, May 01, 2008

CD Exclusive: Exxon's Record Tax Payment

Exxon's income taxes of $9.32 billion ($9,320,000,000) in the first quarter 2008 sets a new all-time record for the highest amount of income taxes ever paid by a U.S. corporation in a single quarter, and tops the previous record amounts of income taxes paid by Exxon last year (see chart above).

Amount of taxes Exxon paid in the first quarter 2008:

Daily: $103,500,000

Hourly: $4,300,000

Every minute: $72,000

Every second: $1,200

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