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Effective Tax Rates of U.S. Corporations |
 Perhaps
the most interesting aspect of this chart is the animated way in which
it changes shape when you click the "Show Industries" button. As technology
and human capability increases over time, our expectations increase
for more sophisticated and entertaining presentations be they business
reports or movie scenes. This Javascript-enabled chart plots U.S. corporation
effective tax rates. Those to the left of the mean line paid the least.
Circle size indicates total earnings. So, a big circle to the left indicates
big revenue and low taxes paid. Apple is one of the largest circles
with $135B earnings and a 14% tax rate. Amazon, at $5.5B, paid 6%. Google
paid 17% on $56B. Warren Buffet's company paid 23% on $96B. On the other
side of the line lies Exxon Mobile at 37% on $395B earnings. Pharma
giant Pfizer paid 43% on $63B, Chevron paid 39% on $220B. As a group,
Utilities and IT companies paid the least while energy and insurance
paid the most. In the light of the current IRS scandal, an interesting
dimension to add to the chart would be donations by corporate chieftains
to political parties. BTW, my effective
tax
rate for 2012 was 37% (Fed alone was 26%).
Posted May 2013 |
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