Fortune 500 has released its list of America’s largest corporations. They are:
1. Wal-Mart Stores
2. Exxon Mobil
3. General Motors
4. Chevron
5. ConocoPhillips
6. General Electric
7. Ford Motor
8. Citigroup
9. Bank of America
10. American International Group
I thought it would be cool to compare this list with the top ten corporate taxpayers in the US. Unfortunately, that list was a little more difficult to come by. I did find this list from Forbes in 2004. It’s still a pretty good apples to apples. Check it out (the number in parethesis represents the effective tax rate):
1. Exxon Mobil (34.4%)
2. Citigroup (31.1%)
3. ChevronTexaco (41.8%)
4. Altria Group (34.9%)
5. Wal-Mart Stores (36.1%)
6. Bank of America (31.8%)
7. Microsoft (32.1%)
8. General Electric (21.7%)
9. American International Group (30.7%)
10.Berkshire Hathaway (31.7%)
Any surprises?
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