I don't know how many individuals pay and effective 71% tax rate on their person income.
People pay it on their gross. Exxon made $477 billion, and paid taxes at a lower rate than a person who made those numbers.
In 2008, ExxonMobil (one of the favorite targets of the Left) made $45 billion in net profit; they paid $34.5 billion in sales taxes, $41.7 billion in other taxes and duties, and $36.5 billion in income taxes
Sales taxes? When those are generally charged, the person buying pays them. Why do they get to claim them when no other business collecting and passing on the customer's payments counts them? I guess it doesn't matter fiscally if you take them in and pay them out equally, but put it on the report and nutjobs count sales taxes as something the corporation pays. And "other taxes" is in a financial statement. They call the fees for removing oil from the ground in Alaska "taxes." They run ads on TV stating they are "taxes." However, the reality is that the oil is owned by the State of Alaska, and they are paying below market value for the oil, and paying for what isn't theirs is "taxes" because it's owned by the government? Yeah, that really counts as taxes.
And this also means that basically 25% of the cost of the gas you pump into your car is used to pay the taxes that ExxonMobil pays to the Government. On top of the ~$0.60 per gallon in direct taxation you pay (at least here in Washington State). On that $3/gallon of gas, ExxonMobil is making about $0.28; the Government is $1.35.
$0.184 per gallon goes to the feds, and $0.36 to the state, in the state of WA. You are speaking like the "sales taxes" you counted don't include the excise taxes. It's a corporate cashflow, they have to account for the cash, even if it isn't theirs. You are counting the excise money twice. And counting it against their tax percentage. And "other taxes and duties" seems to me to be nothing more than fees for taking oil. It's part of the cost of the oil, as the resources are often owned by governments or shipped across borders. They paid 7.5% of their gross income (what people are taxed on) in income taxes. That's better than the average middle class family. So I don't see the problem, and it seems you have to use creative accounting to make it look like the poor oil companied are getting raped by the government by having to pay 7.5% of their income in income taxes.