1. One Percent

    Big Business Tax Rate: 18.5 Percent

    Jeffrey Immelt, chairman and chief executive officer of General Electric Co., speaks during a news conference in New York, U.S., on Wednesday, Oct. 21, 2009. General Electric Co., the world's biggest maker of medical imaging equipment, is starting a $250 million venture capital fund to invest in health-care diagnostics companies, Immelt said today. Photographer: Daniel Acker/Bloomberg *** Local Caption *** Jeffrey Immelt

    Daniel Acker, Bloomberg / Getty Images

    You often hear people argue that the United States’ corporate tax rate of 35 percent is much higher than other nations, but don’t be fooled. Thanks to loopholes, the actual tax rate is much lower—about 18.5 percent according to a survey of the 280 largest publicly traded companies by the left-leaning Citizens for Tax Justice. About a quarter of the companies paid less than 10 percent in taxes over the past three years, while 30 companies—including Boeing, Wells Fargo, and GE—appeared to pay no taxes whatsoever. Some companies have disputed the study, saying it fails to account for deferred taxes.


    Read it at The New York Times