Oh, this is left over from Tax Day–not that 15 companies would even know what Tax Day means. Cuz, even if they rake it in, they don’t pay taxes. How special.
The folks at Citizens for Tax Justice tell us:
As a group, the 15 companies paid no federal income tax on $23 billion in profits in 2014, and they paid almost no federal income tax on $107 billion in profits over the past five years. All but two received federal tax rebates in 2014, and almost all paid exceedingly low rates over five years.
A few details:
- Broadcaster CBS Corporation enjoyed $1.8 billion in U.S. profits last year, and received a federal income tax rebate of $235 million.
- Doll-maker Mattel, which has paid zero federal income taxes over the past five years, received a tax rebate of $46 million in 2014.
- The financial services corporation Prudential avoided all federal income taxes on its $3.5 billion in U.S. profits in 2014.
- Ryder System, which provides truck rentals and services, paid a negative 0.3 percent federal income tax rate in 2014 and over the past five years a negative 0.5 percent rate.
- California-based utility PG&E had negative tax rates both in 2014 and over the five-year period.
Nice for them.

