Biz: Study: Many corporations pay low tax rates; some pay none
- 35% the corporate tax rate set by the U.S. government
- 18.5% the average “real” tax rate paid by 280 Fortune 500 companies source
- » And some companies don’t even pay: Two notably large companies that don’t pay any taxes … and in fact owe less than nothing somehow? General Electric and Pepco. (On a side note: DC residents looooooove Pepco, because the power goes out all the time around here.) Both companies defend their businesses practices.