Market Overview

Which Mega-Caps Aren't Paying Taxes?

Which Mega-Caps Aren't Paying Taxes?
Related GE
Boeing, Pfizer And Others Band Together To Ask Congress For More Taxes
Border Tax Polarizes U.S Companies As Exporters Take Side With Trump Team
Free Market Capitalist January Dividend Income (Seeking Alpha)

The graph below was produced by Capital Market Labs.

While the Federal government tax code officially charges corporations a top statutory tax rate of 35 percent, that’s not what (all) companies are paying.

If one looks at the largest companies in the United Sates by earnings, they may be surprised at the actual (effective) tax rates paid:


The extreme case is General Electric Company (NYSE: GE), with nearly $13 billion in net (after tax) income, and a tax bill of less than 4 percent. Johnson & Johnson (NYSE: JNJ) pays just over 10 percent on more than $15 billion of net income.

The top three tax payers are all Big Oil.

Posted-In: corporate tax ratesTopics General Best of Benzinga


Related Articles (GE + JNJ)

View Comments and Join the Discussion!