16 More Profitable Companies That Pay Almost Nothing In Taxes

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General Electric managed the remarkable task of paying absolutely no taxes on U.S. profits of $5.1 billion.They’re not the only tax dodgers.

Over 100 companies on the S&P500 paid less than 20 per cent in taxes, according to a study by  Capital IQ and the NYT.  That’s not even counting 37 companies like Citigroup and AIG that received more in tax credits than they paid.  All this thanks to loopholes in the immensely complicated tax code.

America’s corporate tax rate is supposed to be 35 per cent.

We tracked down the data from Capital IQ to identify 16 more large, profitable corporations that pay less than 5 per cent in taxes.

#16 Red Hat, Inc. (RHT)

Pre-tax income: $463 million

Taxes paid: $21 million

Tax rate: 4.62%

2005-2009 aggregate data provided by Capital IQ.

#15 Boeing Co. (BA)

Pre-tax income: $17,587 million

Taxes paid: $796 million

Tax rate: 4.46%

2005-2009 aggregate data provided by Capital IQ.

#14 Amazon.com (AMZN)

Pre-tax income: $3,512 million

Taxes paid: $152 million

Tax rate: 4.33%

2005-2009 aggregate data provided by Capital IQ.

#13 Broadcom Corp. (BRCM)

Pre-tax income: $1,228 million

Taxes paid: $41 million

Tax rate: 3.32%

2005-2009 aggregate data provided by Capital IQ.

#12 Host Hotels & Resorts Inc. (HST)

Pre-tax income: $1,116 million

Taxes paid: $34 million

Tax rate: 3.05%

2005-2009 aggregate data provided by Capital IQ.

#11 NRG Energy, Inc. (NRG)

Pre-tax income: $5,343 million

Taxes paid: $154 million

Tax rate: 2.88%

2005-2009 aggregate data provided by Capital IQ.

#10 TECO Energy, Inc. (TE)

Pre-tax income: $1,620 million

Taxes paid: $37 million

Tax rate: 2.31%

2005-2009 aggregate data provided by Capital IQ.

#9 Allegheny Energy Inc. (AYE)

Pre-tax income: $2,538 million

Taxes paid: $58 million

Tax rate: 2.28%

2005-2009 aggregate data provided by Capital IQ.

#8 NVIDIA Corporation (NVDA)

Pre-tax income: $1,817 million

Taxes paid: $41 million

Tax rate: 2.24%

2005-2009 aggregate data provided by Capital IQ.

#7 Xcel Energy (XEL)

Pre-tax income: $4,334 million

Taxes paid: $77 million

Tax rate: 1.78%

2005-2009 aggregate data provided by Capital IQ.

#6 NextEra Energy, Inc. (XEL)

Pre-tax income: $8,572 million

Taxes paid: $149 million

Tax rate: 1.74%

2005-2009 aggregate data provided by Capital IQ.

#5 Plum Creek Timber Co. Inc. (PCL)

Pre-tax income: $1,355 million

Taxes paid: $22 million

Tax rate: 1.62%

2005-2009 aggregate data provided by Capital IQ.

#4 Western Digital Corp. (WDC)

Pre-tax income: $2,507 million

Taxes paid: $40 million

Tax rate: 1.6%

2005-2009 aggregate data provided by Capital IQ.

#3 HCP, Inc. (HCP)

Pre-tax income: $614 million

Taxes paid: $9 million

Tax rate: 1.42%

2005-2009 aggregate data provided by Capital IQ.

#2 Carnival Corporation (CCL)

Pre-tax income: $11,250 million

Taxes paid: $126 million

Tax rate: 1.12%

2005-2009 aggregate data provided by Capital IQ.

#1 Range Resource Corporation (RRC)

Pre-tax income: $1,228 million

Taxes paid: $7 million

Tax rate: 0.53%

2005-2009 aggregate data provided by Capital IQ.

How can you take advantage of tax loopholes? Try incorporating in here

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