The largest tax payers in the US
I recently came across this list on Forbes on the largest 25 tax payers. Forbes does a bit of analysis on each of them. It is probably worth your time to jump over, but I thought I would give the highlights here:
Rank of tax expense |
Company |
Symbol |
Effective Tax Rate |
1 | ExxonMobil | XOM | 39% |
2 | Chevron Corporation | CVX | 43% |
3 | Apple Inc. | AAPL | 25% |
4 | Wells Fargo & Co. | WFC | 31.2% |
5 | JP Morgan Chase & Co. | JPM | 26% |
6 | Wal-Mart Stores | WMT | 31% |
7 | ConocoPhillips | COP | 51.5% |
8 | Berkshire Hathaway Inc. | BRK | 28% |
9 | IBM | IBM | 24% |
10 | Microsoft Corporation | MSFT | 22.8% |
11 | Philip Morris International Inc. | PM | 29.5% |
12 | Goldman Sachs | GS | 33% |
14 | Comcast Corporation | CMCS | 32% |
14 | The Procter & Gamble Co. | PG | 23.5% |
15 | Johnson & Johnson | JNJ | 23.7% |
16 | Intel Corporation | INTC | 23.6% |
17 | Occidental Petroleum Corp. | OXY | 42% |
18 | UnitedHealth Group | UHG | 35.9% |
19 | The Walt Disney Company | DIS | 32.7% |
20 | AT&T | T | 27.8% |
21 | Oracle | ORCL | 21.4% |
22 | The Coca-Cola Company | KO | 23.1% |
23 | The Home Depot Inc. | HD | 37.2% |
24 | McDonald’s | MCD | 32.4% |
25 | GOOG | 19.4% |