click for interactive graphic
Corp Tax

 

Cool interactive visualization that allows you to see how much various companies are paying in corporate taxes. You can hover over a circle to see what: each firm pays in taxes versus their total revenue &  profits, plus the tax rate.

Or, break it down by industry, with a very cool animation showing the sector breakdown. Nice search function, too

Very neat.

 

Look at these firms also:

Carnival 1%
Ford 3%
Pepco: 3%
Amazon 6%
Boeing 7%
Valero 8%
Verizon 9%
Apple 14%
IBM 15%
Google 17%

Apple at 14% almost looks reasonable!

 

Source:
Who Will Crack the Code?
DAVID LEONHARDT
NYT, May 25, 2013
http://www.nytimes.com/2013/05/26/opinion/sunday/who-will-crack-the-code.html

Category: Digital Media, Taxes and Policy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “U.S. Corporate Tax Rates Vary Greatly”

  1. VennData says:

    One thing we could do to lower these unfair taxes Obama has foisted on helpless corporate victims who know show the lowest profitability of all time is to allow them to do illegal things to the liberal evildoers to steal, plunder and take from hard working Americans running American’s benevolent behemoths…

    US entertainment industry to Congress: make it legal for us to deploy rootkits, spyware, ransomware and trojans to attack pirates!

    http://boingboing.net/2013/05/26/us-entertainment-industry-to-c.html

    All hail the lobbyists. They will save us from ourselves.

    • drewriders says:

      The first two years of the chart were before Obama took office. He only raised taxes on Tobacco and tanning. Not really a large percentage of tax revenue collected after 2009. This is not a Left/Right issue. The tax code should be reformed in this and all other countries. Please stop the conspiracy nonsense. It waters down your argument and makes you look slightly askew.

  2. capitalistic says:

    Very neat indeed. It amuses me when companies complain about “corporate taxes” being too damn high. On the contrary. 90% of the lower-middle market companies I come across have approximately less than 15% ETR…

  3. constantnormal says:

    Readers should take the time to come up with a reasonable approximation to the effective tax rate they are paying … ignoring state & local, FICA, sales taxes, excise takes, etc, etc, just take the total federal income tax you paid this year (or any representative year), divide it by your AGI, and you should be in the ballpark … it’s not a perfect measure, but it should be close enough for back-of-the-envelope work.

    Now you have a reasonable measure for comparison … CPAs may want to chime in with a more rigorous way to calculate this …

  4. constantnormal says:

    Interesting to note the impact of having a lot of investment in the business that can drive down the taxable income … financial industry and insurance companies tend to not have so much of that … also, I presume the two groups of outliers at the high end are there due to past tax breaks having expired through depreciation or other means, or income that was earned long ago having been shunted forward in time and they are paying taxes on that income now, just as when an individual withdraws from a tax-deferred IRA …

  5. victor says:

    Corporations do not pay taxes when:

    1) they show a loss because you cannot pay tax on a loss

    2) they show a profit because they simply pass the tax through to the ultimate user of the goods or services produced

    Why not eliminate corporate tax alltogether (horror!) and make dividends and capital gains taxable as regular income?

    • constantnormal says:

      Also make all forms of tax-sheltered/deferred bonus income taxed as ordinary income, and disallow executive compensation that exceeds stockholder gains (as a percentage of corporate profits) and I’m on board with that. CEOs should never get a slice of the company profits that is larger than the owners.