WalletHub has released its list of the companies in the United States with the highest, and the lowest, corporate tax rates.
WalletHub’s list of the companies in the United States that have the highest and lowest corporate tax rates takes into account for state, federal and international taxes. The research found that S&P 100 companies pay an average of 28% in corporate taxes. The average S&P 100 company also pays 22% more in taxes than the top 3% of consumers in the United States.
Here are the top 10 S&P 100 companies in the United States that have the highest corporate tax rates.
- General Electric Company (NYSE:GE) — Tax rate is 79.2%.
- Kinder Morgan Inc (NYSE:KMI) — Tax rate is 73.1%.
- Amazon.com, Inc. (NASDAQ:AMZN) — Tax rate is 60.6%.
- Colgate-Palmolive Company (NYSE:CL) — Tax rate is 44.0%.
- UnitedHealth Group Inc (NYSE:UNH) — Tax rate is 42.6%.
- Lowe’s Companies, Inc. (NYSE:LOW) — Tax rate is 42.4%.
- Facebook Inc (NASDAQ:FB) — Tax rate is 40.5%.
- CVS Health Corp (NYSE:CVS) — Tax rate is 39.3%.
- Union Pacific Corporation (NYSE:UNP) — Tax rate is 37.7%.
- Comcast Corporation (NASDAQ:CMCSA) — Tax rate is 37.1%.
Now here is the list of the top 10 S&P 100 companies in the United States that have the lowest corporate tax rates.
- General Motors Company (NYSE:GM) — Tax rate is -34.3%.
- Chevron Corporation (NYSE:CVX) — Tax rate is 2.7%.
- Mondelez International Inc (NASDAQ:MDLZ) — Tax rate is 7.5%.
- Twenty-First Century Fox Inc (NASDAQ:FOX,FOXA) — Tax rate is 12.6%.
- Amgen, Inc. (NASDAQ:AMGN) — Tax rate is 13.0%.
- Eli Lilly and Co (NYSE:LLY) — Tax rate is 13.7%.
- International Business Machines Corp. (NYSE:IBM) — Tax rate is 16.2%.
- Gilead Sciences, Inc. (NASDAQ:GILD) — Tax rate is 16.4%.
- Alphabet Inc’s (NASDAQ:GOOG,GOOGL) Google — Tax rate is 16.8%.
- Merck & Co., Inc. (NYSE:MRK) — Tax rate is 17.4%.
Follow this link to learn more about WalletHub’s breakdown of corporate tax rates for the S&P 100 companies in the United States.
