Companies paying the most -- and least -- in taxes

In general, America's biggest corporations also spend the most on federal, local and international taxes -- with a few notable exceptions.

 of 12
 of 12


Jan 14, 2014 10:48PM

"...  Exxon Mobil () reported $31 billion in corporate income tax expenses"

"... Exxon Mobil, for one, earned more than $78 billion before taxes "

40% of income paid in taxes. Well, that seems to be a stake in the heart of a blog spew that won't die.  If I had a dime for every time I have read on these blogs that Exxon pays no taxes I would be a VERY wealthy person.

Jan 15, 2014 4:07PM

I love how these articles only mention one type of tax a corporation pays. They leave out all of the other taxes they pay. They pay state taxes, environmental taxes, energy taxes, utility taxes, etc.



How about the payroll taxes they pay for each employee they have on their book? Those are the ones the pay into Social Security and Medicare.

Jan 15, 2014 6:03AM
A  Company can't sell a product to themselves, there has to be a consumer available to make purchases. Seeing how a living wage has become a Joke to some posters and many Corporations, Too Big to Fail, Too Big Too Jail decided that since not enough folks where making a living wages to boost profits, they created $500-700Trilion in Scam Derivatives to do so instead. The end result, a Global Great Recession. Seeing how not enough folks are making a living WAGE to buy Stocks, the Global FEDS artificially lowered interest rates so that Corporations could engage in Massive Stock Buybacks since Consumers couldn't due to the lack of a Living Wage.

Henry Ford understood so well the concept of paying a Living Wage that he Doubled the going Rate for his Workers compared to others and we saw a massive Boom to the Middle-Class. Today's workers Reward for working harder and being more Productive is stagnant and or declining wages and benefits with the Result being record number of workers on Food Stamps and other Gov't assistance programs.

So while Taxes are actually historically low, even the recent rise has been mostly deflected by the huge Income increases for the SuperRich. The Working Poor and Fading Middle-Class are not seeing such deflections and in fact are seeing massive erosion in their actual take home pay. So as the Right to Work for Less takes hold in many states, the Race to the Bottom has taken America to a status reserved for places like Mexico. When people lose all hope, Society breaks down and Mobs take over. Then Wealth can become worthless. We can quickly become no better than a Mexico run by the Cartels. How well is that working out for the average Mexican?

Jan 17, 2014 9:24AM
READ MY LIPS! Corporations do not pay taxes! Any "tax" on a corporation that eats into their set profit margin is just a cost passed along to the buyer of their product. Hence, we the regular taxpayers pay the "corporate tax". If you made widgets for a production cost of 10 cents apiece would you sell them for 10 cents? Of course not. You have a profit margin in your business plan that you add to that price, say 20%, which adds ups the cost to 12 cents per unit. If your property taxes average out to 2 cents per unit that cost is added to the price of the widget, now 14 cents. Any other tax is an added cost that you the widget maker pass along to the consumer to keep your business plan profit margin on track. The consumer the "tax" pays no matter the product or service.   
Jan 14, 2014 9:07PM

Many believe that corporate taxes are to high and it hurts our economy, the fact is that the average U.S. corporation pays about a 15% effective tax rate. Ronald Reagan raised the corporate tax rates to off set revenue loss from his individual tax rate cuts, this just raised cost for consumers who have to pay more for products, while allowing the super rich to thrive. In 1981 the top 1% earned 9% of our nations income, today they earn 23%. This massive shift of wealth to those who are already wealthy needs to be reversed, it's simply not healthy for any economy when the wealth is sucked out of the consumer classes and pools at the top where it can't increase demand for goods and services.

  As Warren Buffett said " Stop coddling the rich " and our economy will grow.

Jan 15, 2014 12:04PM
I hate to see the 'cash stuck offshore' situation as referred to in Apple's case.  This seems to be a common issue.  US companies move operations out of the US to get better tax rates, then that money has to be reinvested outside the US because it can't be repatriated without additional taxes.

As much as I hate to see big corporate tax breaks, this is one place I would welcome a new one.  Figuring out how to get that capital reinvested in the US and creating new US jobs should be a priority in congress.
Jan 17, 2014 9:40AM
Everybody please take a minute to learn about this pending "Trans Pacific Partnership" secret trade deal being worked out by the multi national corporations without even congress having input into it. It's a wet dream for the corporations if this goes through, meanwhile the working stiff in this country will have to compete with a guy in Vietnam who makes 2 dollars a day and has no rights!  How'd NAFTA work out for us regular guys?  Both sides political spectrum from the green party to the tea party are against this, no gain for anyone but the top 1/10 of one percent. 
Jan 15, 2014 11:54AM
You shouldn't buy stocks for the simple reason of the pending dose of REALITY that's going to hit soon. The DOW should be at 7000 - 10,000.  No where near 16,000. Those are helicopter Ben's 82 Billion dollar a month TAXPAYERS propped up payments the 1% have been lavishly enjoying for the last few QE years.   
Jan 14, 2014 9:55PM
Taxation - the value-added cost of being among the working minority in Obamaville. 
Jan 15, 2014 12:14PM
It is all...."manipulated" nonsense and it so obvious in the "markets"...are we all brain-dead?  Do not cite me "facts" about how the "markets" have "skyrocketed" under this "money laundering" system that will bode ill for all.  Go ahead and print some more....Global hinny!  Just continue to bend over and take it... Nanny...nanny..nanny!
Jan 17, 2014 9:29AM
Please do read the article. As stated, the stated tax amount paid is not just federal, but state, local, and I believe foreign taxes also. Then, please do look up what we as taxpayers pay to contribute to their making a profit in the form of tax credits, subsidies, and all those other tweaks to enable them to compete in a free-market global economy. Oh, and by the way, average CEO pay was up 16 percent last year. What was the amount of your raise? And you do know that their 16% raise added to the price of their goods and services, which we then pay more for.
"The single biggest factor determining how much a company pays in income taxes is simply the size of its profits. "

Wow... And these rocket scientist are gonna tell ME how to invest.....

I dont think so Tim......
Jan 15, 2014 3:38AM
It has been noted that Companies like GE have had times, paid ZERO in Taxes for a Given year. I am hard pressed to see the same posts about companies like Exxon. Regardless, at the end of the DAY actual taxes paid on average are usually far lower than the actual RATE. IQLowerthanZero can't figure that part out either. These folks have a army of tax specialist that use offshore Tax Havens to countless other means to either hide profits and or avoid the full rate. However, some of these same companies are also quite adaptive at avoiding paying a living Wage with Benefits. Aka the Record Wealth Divide Globally. But cry a River for the SuperRich, they need more while everyone else deserves even less, according to folks like IQLowerthanZero.
Jan 17, 2014 8:06AM
There is no debate.....the people who support democrats get favoritism and the one's that don't don't. You have a corrupt government.
Jan 17, 2014 10:27AM
"General Motors (), which had annual revenue of more than $150 billion, received a tax benefit of $28.6 billion...    Some of America's largest companies posted pre-tax losses in their most recent fiscal year. In the case of GM, the carmaker lost nearly $28.7 billion."

So I made $70,000 last year, lost $200,000 on expenses and investments (house, car, stocks/401K, living), why does GM get to have a tax benefit that covers almost all of their losses, but I didn't get a tax benefit of $130,000 to help recoup my losses?

Oh, I guess I'm not a business or a politician, so my loss doesn't count.
Jan 14, 2014 8:17PM
 You must pay Obozo voters are waiting for shovel ready jobs.
Jan 17, 2014 7:55AM
Funny how they don't have GE on the top of the list for NO Pays. GE hasn't paid corporate taxes in years and has made billions. I guess it pays to be in bed with Obama.
Jan 15, 2014 1:02PM
I mentioned patents and Fiat Money to address several issues. First point, having a manipulated Fiat Money System has allowed us to fund the most powerful Military force in World History. That in turn has allowed us to enforce our Patents Laws globally. That in turn allows these Mega Corporations to use stated Patents regardless if they obtained them Legally or not. Rightfully or Wrongfully.

In 2011, we Spent nearly a Trillion DOLLARS on Defense Related issues. If a company like Apple decides it wants to keep all it's Currency offshore, I am quite certain other Countries cannot give such Safety Guarantees as America can due to it's Fiat Based Money System which allows all these Massive Corporate Cash Hoards and Profits. Which allows for our Protection, Globally. Yet these same morons lied us into Two Unfunded Wars while simultaneously creating $500-700Trillion in Fake Derivative Scams. Yet folks are lining up to defend Exxon types. Typical.

Jan 17, 2014 11:25AM
with Obama success must be punished. corporations pass through all costs to consumers so when Barry Bama wants their money the poor are paying for it. communism does not work. Barry has never had a job outside da 'gumbemt.
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
100 character limit
Are you sure you want to delete this comment?


Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.



Quotes delayed at least 15 min