The 10 bucks in your pocket is more than many of the largest U.S. corporations paid in U.S. taxes including: Bank of America, Verizon, General Electric, Boeing, and Citigroup. Other companies like Federal Express and ExxonMobil pay effective rates of less than 10 percent (even though the official corporate tax rate is 35%) according to ips-dc.org. Federal Express reported over $1.9 billion in U.S. profits, but paid only $1 million in federal corporate income taxes over the last 2 years, for an effective tax rate of .05 percent. While FedEx only paid $1 million in taxes over 2 years, they spent nearly $42 million lobbying Congress. They have 21 subsidiaries in tax havens including 3 in the Cayman Islands and 3 in Ireland.