Dollar Bill Close Up by shyb @ Flickr

Overtaxed Corporate America

Dollar Bill Close Up by shyb @ FlickrI hear all of the propaganda about how over taxed corporate America is.  I’m frequently reminded, especially during election cycles, that the tax burden is so unbearably high for corporations, they seek ways to move business outside of the USA.

Really, now.

What percentage of your income did you pay in income tax last year?  I bet it was a whale of a lot more than these 16 corporations paid.

This data, from Business Insider, shows what the actual tax rates are for 16 corporations I will avoid doing business with in the future.

Company
Pre-Tax Income
Taxes Paid
Tax Rate
Range Resources Corporation (RRC)
$1,228,000,000
$7,000,000
0.53%
Carnival Corporation (CCL)
$11,250,000,000
$126,000,000
1.12%
HCP, Inc. (HCP)
$614,000,000
$9,000,000
1.42%
Western Digital Corp. (WDC)
$2,507,000,000
$40,000,000
1.60%
Plum Creek Timber Co. Inc. (PCL)
$1,355,000,000
$22,000,000
1.62%
NextEra Energy, Inc. (NEE)
$8,572,000,000
$149,000,000
1.74%
Xcel Energy (XEL)
$4,334,000,000
$77,000,000
1.78%
NVIDIA Corporation (NVDA)
$1,817,000,000
$41,000,000
2.24%
Allegheny Energy Inc. (AYE)
$2,538,000,000
$58,000,000
2.28%
TECO Energy, Inc. (TE)
$1,620,000,000
$37,000,000
2.31%
NRG Energy, Inc. (NRG)
$5,343,000,000
$154,000,000
2.88%
Host Hotels & Resorts Inc. (HST)
$1,116,000,000
$34,000,000
3.05%
Broadcom Corp. (BRCM)
$1,228,000,000
$41,000,000
3.32%
Amazon (AMZN)
$3,512,000,000
$152,000,000
4.33%
Boeing Co. (BO)
$17,587,000,000
$796,000,000
4.46%
Red Hat, Inc. (RHT)
$463,000,000
$21,000,000
4.62%

 

They need to quit whining and pay up! And while they’re at it, bring jobs back to the USA and reduce executive bonuses and compensation.