Profits and taxes paid by some corporations (or more correctly said, to some corporations) :-)

Back in 1950, corporate taxes accounted for about 30 percent of all federal revenue. In 2012, corporate taxes accounted for less than 7 percent of all federal revenue.

General Electric

• U.S. Profits: $10,460,000,000
• Taxes Paid: ‐$4,737,000,000

PG&E Corp.

• U.S. Profits: $4,855,000,000
• Taxes Paid: ‐$1,027,000,000

Verizon Communications

• U.S. Profits: $32.518.000.000
• Taxes Paid: ‐$951,000,000

Wells Fargo

• U.S. Profits: $49,370,000,000
• Taxes Paid: ‐$681,000,000

---

American Electric Power

• U.S. Profits : $5,899,000,000
• Taxes Paid : ‐$545,000,000

Pepco Holdings

• U.S. Profits: $882,000,000
• Taxes Paid: ‐$508,000,000

Computer Sciences

• U.S. Profits: $1,666,000,000
• Taxes Paid: ‐$305,000,000

CenterPoint Energy

• U.S. Profits: $1,931,000,000
• Taxes Paid: ‐$284,000,000

NiSource

• U.S. Profits: $1,385,000,000
• Taxes Paid: ‐$227,000,000

Duke Energy

• U.S. Profits: $5,475,000,000
• Taxes Paid: ‐$216,000,000

Boeing

• U.S. Profits: $9,735,000,000
• Taxes Paid: ‐$178,000,000

NextEra Energy

• U.S. Profits: $6,403,000,000
• Taxes Paid: ‐$139,000,000

Consolidated Edison

• U.S. Profits: $4,263,000,000
• Taxes Paid: ‐$127,000,000

Paccar

• U.S. Profits: $365,000,000
• Taxes Paid: ‐$112,000,000

Integrys Energy Group

• U.S. Profits: $818,000,000
• Taxes Paid: ‐$92,000,000

Wisconsin Energy

• U.S. Profits: $1,725,000,000
• Taxes Paid: ‐$85,000,000

DuPont

• U.S. Profits: $2,124,000,000
• Taxes Paid: ‐$72,000,000

Baxter International

• U.S. Profits: $926,000,000
• Taxes Paid: ‐$66,000,000

Tenet Healthcare

• U.S. Profits: $415,000,000
• Taxes Paid: ‐$48,000,000

Ryder System

• U.S. Profits: $627,000,000
• Taxes Paid: ‐$46,000,000

El Paso

• U.S. Profits: $4,105,000,000
• Taxes Paid: ‐$41,000,000

Honeywell International

• U.S. Profits: $4,903,000,000
• Taxes Paid: ‐$34,000,000

CMS Energy

• U.S. Profits: $1,292,000,000
• Taxes Paid: ‐$29,000,000

Con-­way

• U.S. Profits: $286,000,000
• Taxes Paid: ‐$26,000,000

Navistar International

• U.S. Profits: $896,000,000
• Taxes Paid: ‐$18,000,000

DTE Energy

• U.S. Profits: $2,551,000,000
• Taxes Paid: ‐$17,000,000

Interpublic Group

• U.S. Profits: $571,000,000
• Taxes Paid: ‐$15,000,000

Mattel

• U.S. Profits: $1,020,000,000
• Taxes Paid: ‐$9,000,000

Corning

• U.S. Profits: $1,977,000,000
• Taxes Paid: ‐$4,000,000

FedEx

• U.S. Profits: $4,247,000,000
• Taxes Paid: $37,000,000 (a rate of less than 1%)

Total

• U.S. Profits: $163,691,000,000
• Taxes Paid: ‐$10,602,000,000

Earlier this month, the Facebook Inc. released its first “10-K” annual financial report since going public last year. Hidden in the report’s footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime in federal and state income taxes.

Instead, Facebook says it will receive net tax refunds totaling $429 million.

Via: http://theeconomiccollapseblog.com/archives/abolish-the-income-tax-you-wont-believe-who-is-getting-away-with-paying-zero-taxes-while-the-middle-class-gets-hammered