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Saturday February 11, 2012

Corporate Taxes: Who Pays the Least

Congress is currently considering lowering the 35% federal tax rate. But a lot of companies don't need help from Washington, they've been finding legal ways to shrink their tax bill for years. We asked the analysts at Capital IQ (a division of Standard & Poor's) to cull the cash taxes (ie. actual checks) that the companies of the S&P 500 paid to the tax collector over the past five years and then look at how that compares to their earnings before income taxes. Here's a list of the 100 companies that sent in the smallest checks

NM is Not Meaningful
Effective Tax Rate is the tax rate calculated in accordance with Generally Accepted Accounting Principles, and is a bookkeeping number not a cash figure