Corporate Tax Rates — Winners and Losers

By  USDR

Companies Paying the Highest Taxes
(Overall Tax Rate)
Companies Paying the Lowest Taxes
(Overall Tax Rate)
1 General Electric (79.2%) 1 General Motors Company (-34.3%)
2 Kinder Morgan (73.1%) 2 Chevron (2.7%)
3 Amazon.com (60.6%) 3 Mondelez International (7.5%)
4 Colgate-Palmolive (44.0%) 4 Twenty-First Century Fox (12.6%)
5 Unitedhealth Group (42.6%) 5 Amgen (13.0%)
6 Lowe’s Cos (42.4%) 6 Lilly Eli & Co. (13.7%)
7 Facebook (40.5%) 7 Intl Business Machines (16.2%)
8 CVS Caremark (39.3%) 8 Gilead Sciences (16.4%)
9 Union Pacific (37.7%) 9 Google (16.8%)
10 Comcast (37.1%) 10 Merck & Co. (17.4%)
Key Stats
  • The overall tax rate that S&P 100 companies pay is around 28 percent.
  • S&P 100 companies pay roughly 44 percent lower rates on international taxes than U.S. taxes.
  • Tech companies, including Apple, Cisco Systems and Google, are still paying more than 25 percent lower rates abroad, continuing the trend from 2013 and 2014.
  • Only one S&P 100 company is actually paying a negative overall tax rate and is therefore due a refund: General Motors Company.
  • The average S&P 100 company pays a 22 percent higher tax rate than the top 3 percent of consumers.
For the full S&P 100 Tax Rate report, please visit:
https://wallethub.com/edu/corporate-tax-rates/28330/   ‎
All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.