What US companies pay in Taxes (Business week)

[Steadygain]

[note from Silverbird]

[note from Silverbird]

Well you could not have come at a more perfect time.

THANK YOU Silverbird


Was just starting to scan through various posts - looking for that bright one to end the day and saw your name.

So I'll leave it like this and head home with a smile on my face.


Everyone - have a super wonderful weekend !!

 

[Silverbird]

http://www.businessweek.com/magazine/content/09_18/b4129049617374.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

The result is a list of players whose tax burdens ranged widely, from essentially nothing to almost 400% of pretax income a year. Troubled industries with weakening profits had the highest tax rates: The auto sector averaged 45.5%, banks paid 50.3%, and real estate companies paid 66.1%. The least-taxed industries were semiconductors, at 19.6%, often because of high expenses in the U.S. [note from Silverbird - R and D and design work, some manufacturing, done here] and high overseas income [note from Silverbird - electronics assembly; putting the semiconductors on boards, done in SE Asia and China, contract manufacturing of semiconductors based on U.S. designs done in Taiwan]. Infrastructure investments helped to keep telecoms at a low 22.2%.