Budgets, Income Taxes, Money

Big Corp Tax and What You Should Know

According to Market Watch, many big corporations incur a high percentages in taxes per their earnings, here’s a brief list of a few of these corporations:

Highest taxed companies

  • CVS Health Corporation 38.9%
  • Monster Beverage Corporation 37.8%
  • Sysco Corporation 36.9%
  • Walgreens Boots Alliance Inc 36.8%
  • Dr Pepper Snapple Group, Inc. 35.6%

Lowest taxed companies

  • Molson Coors Brewing Company Class B 12.8%
  • Mondelez International, Inc. Class A 13.8%
  • Coca-Cola Company 23.1%
  • Procter & Gamble Company 24.7%
  • PepsiCo, Inc. 25.4%

 

Under the new tax bill, certain individual tax payers could possibly pay equivalent tax rates as big corporations and this has the people worried.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s