Top 10 Most Profitable Companies Paid ~9% Tax Rate

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Top 10 Most Profitable Companies Paid ~9% Tax Rate

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Linked by The Big Picture ( track newsfeed | ignore newsfeed ) - August 04, 06:00PM from (www.ritholtz.com)

SAN FRANCISCO, CA – A new NerdWallet study found the 10 most profitable U.S. companies paid an average of 9% in federal taxes last year. These low rates are particularly shocking given that the official tax rate is 35%. The study also revealed more than half of the 500 largest U.S. companies paid a lower [...]

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