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WalletHub releases corporate tax rate report

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WalletHub today released its latest Corporate Tax Rate Report breaking down 2016 tax rates for companies in the S&P 100.

Companies Paying the Highest Taxes
(Overall Tax Rate)
Companies Paying the Lowest Taxes
(Overall Tax Rate)
1 Caterpillar Inc. (138.1%) 1 General Electric Co. (-5.1%)
2 Kinder Morgan Inc. (56.0%) 2 Exxon Mobil Corp. (-5.1%)
3 Lowe’s Cos. (40.5%) 3 Dow Chemical Co. (0.2%)
4 UnitedHealth Group Inc. (40.4%) 4 International Business Machines Corp. (3.6%)
5 CVS Health Corp. (38.4%) 5 Mondelez International Inc. (8.9%)
6 Exelon Corp. (38.3%) 6 Boeing Co. (12.1%)
7 Union Pacific Corp. (37.4%) 7 Pfizer Inc. (13.4%)
8 Comcast Corp. (37.0%) 8 PayPal Holdings Inc. (14.1%)
9 Amazon.com Inc. (36.6%) 9 Microsoft Corp. (15.0%)
10 The Home Depot Inc. (36.3%) 10 Merck & Co. (15.4%)

The overall tax rate for S&P companies is about 27 percent. They pay roughly 30 percent lower rates on international taxes.

Here is a graph breaking down income before taxes, provided by WalletHub:

Source: WalletHub

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