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With new public attention focused on reforming the tax code, it's worth noting that corporate...

With new public attention focused on reforming the tax code, it's worth noting that corporate taxes vary widely by industry and other factors. From testimony, some winners (GE - which pays an effective 3.6% - and MRK and PFE) and losers (CVS, paying 38.8%, and TGT, among others).
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  • kelly225
    , contributor
    Comments (26) | Send Message
     
    As one who is knee-deep in the Tax module of his CFP studies; I advocate reforming the entire code ASAP - preferably before my test date this November.
    27 Jan 2011, 02:08 PM Reply Like
  • Leftfield
    , contributor
    Comments (3879) | Send Message
     
    GE: The Goldman Sachs of American multinational megacorporations outside of Wall St. Probably better connected with Washington than any other.

     

    Does their low tax rate include the taxpayer assistance they got from TARP?
    27 Jan 2011, 02:11 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4066) | Send Message
     
    Companies that can ship jobs overseas and retain profits in foreign subsidiaries pay less tax than companies whose employees and primary markets are U.S. based.
    27 Jan 2011, 02:14 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3944) | Send Message
     
    The shocking part is that most Americans are clueless as to why Immelt is such a political whore and Obama pumper. Set the corporate tax rate at 25% without the targeted tax breaks for the politically well-connected. Just to see Immelt scream would be reason enough.
    27 Jan 2011, 02:30 PM Reply Like
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