Paul L. Caron
Dean


Tuesday, July 17, 2007

Ten Largest and Most Heavily Taxed U.S. Corporations

The Tax Girl has a great post comparing the lists of the 10 largest American corporations (Fortune, 2007) and 10 American coorporations that pay the most federal income tax (Forbes, 2004):

Corporate_charts

https://taxprof.typepad.com/taxprof_blog/2007/07/ten-largest-and.html

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» Topping the corporate tax rolls from Don't Mess With Taxes
I'm tied up much of today on some special (paying) projects, so as much as I'd like to ramble on here on the ol' blog, I'm going to rely on a couple of my fellow tax-loving colleagues, at least for right now, for the latest tax news and notes. Kelly, a... [Read More]

Tracked on Jul 18, 2007 10:15:44 AM

Comments

I wonder if Warren Buffet factored the 31.7% corporate rate on Berkshire Hathaway into his personal income tax rate of 17.x%.

Posted by: Patrick | Jul 17, 2007 12:38:44 PM

Birkshire Hathaway paying an effective tax rate of 31.7% while Warren Buffett complains about his personal rate of 17% leads me to conclude that the company is being run in ways that pay salary and dividends to him and taxes on operations such that his complaint is biting the hand that feeds him.

And feeds him quite well ! ! !

Posted by: Steve Odem | Jul 18, 2007 3:05:21 AM