
What The Top U.S. Companies Pay In Taxes
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What The Top U.S. Companies Pay In Taxes
By Christopher Helman
How can it be that you pay more to the IRS than General Electric?

As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes at all.
The most egregious example is General Electric ( GE – news – people ). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.
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