I Think You Will Find This Very Interesting! Corporate Tax Rate Report – WalletHub Study

With 2017’s tax overhaul permanently reducing the federal corporate income tax rate from 35 percent to 21 percent, the personal-finance website WalletHub today released its latest Corporate Tax Rate Report.

The report provides an in-depth analysis of the 2017 federal, state and international tax rates paid by the S&P 100 companies, the largest and most established businesses in the U.S.

Key Stats

• The overall tax rate that S&P 100 companies pay is around 39 percent.
• S&P 100 companies pay roughly 65 percent lower rates on international taxes than U.S. taxes.
• Tech companies, including Facebook Inc., Apple Inc. and Cisco System Inc., are still paying more than 15 percent lower rates abroad, continuing the trend from 2013, 2014, 2015 and 2016.
• More than ten S&P 100 companies are actually paying a negative overall tax rate and are therefore due a discrete net tax benefit: Charter Communications Inc., The Kraft Heinz Co., AT&T Inc., Berkshire Hathaway Inc., Pfizer Inc., Comcast Corp., Verizon Communications Inc., MetLife Inc., Union Pacific Corp., DowDuPont Inc., Netflix Inc., NextEra Energy Inc., Exxon Mobil Corp., Altria Group Inc., Exelon Corp. and Chevron Corp.
• The average S&P 100 company pays a 77 percent higher tax rate than the top 1 percent of consumers.

For the full S&P 100 Tax Rate report, please visit:
https://wallethub.com/edu/corporate-tax-rates/28330/

More from WalletHub

• Tax Rates by State
• Tax Burden by State
• Property Taxes by State
• States with the Best & Worst Taxpayer ROI
• Most & Least Federally Dependent States