Actual Tax Rate Paid to U.S. Government – The Complete List

The following table contains the S&P500 companies, sorted by U.S. Tax Rate Paid, as defined below.

Income = Pre-tax earnings in $ million

U.S. Tax Rate Paid = Current portion of Federal taxes / Pre-tax earnings

Effective Tax Rate = All taxes declared (Current & Deferred, Domestic & Foreign) / Pre-tax earnings

There are many legitimate reasons that these rates differ from each other and from the U.S. statutory rate of 35%.  In some rare cases, rates may even be higher than the statutory rate due to penalties or repayment of deferred taxes from previous years.

For more information on these companies, check out the NerdWallet Tax Rate Transparency Tool.

 

Company Name Income in $ million U.S. Tax Rate Paid Effective Tax Rate
United States Steel Corp 27 548% 296%
SAIC Inc 207 107% 104%
Unum Group 257 85% 8%
Dr Pepper Snapple Group 925 74% 35%
Watson Pharmaceuticals 456 66% 43%
Abercrombie & Fitch Co A 186 54% 32%
SLM Corp 927 47% 35%
Best Buy Co Inc 1043 43% 68%
Altria Group Inc 5582 42% 39%
Apollo Group Inc 954 37% 44%
GameStop Corp A 549 35% 38%
Cerner Corp 470 35% 35%
NetFlix Inc 360 34% 37%
T Rowe Price Group Inc 689 34% 37%
Assurant Inc 715 34% 24%
Carmax Inc 667 34% 38%
Yahoo Inc 574 33% 38%
Bard, C.R. Inc 511 33% 36%
Chicago Mercantile Exchange 1937 33% 6%
Unitedhealth Group Inc 7959 33% 35%
Humana Inc 2235 33% 37%
Ross Stores Inc 1053 33% 38%
Smucker, J.M. Co 701 33% 34%
Urban Outfitters 289 32% 36%
Nordstrom Inc 1119 32% 39%
CH Robinson Worldwide Inc 695 32% 38%
CVS Caremark Corp. 5746 31% 39%
Big Lots Inc 342 31% 39%
Sysco Corp 1827 31% 37%
Lab Corp of America Hldgs 866 31% 38%
Lorillard Inc 1770 31% 37%
Dollar Tree Inc 780 31% 37%
Quest Diagnostics 856 31% 41%
CF Industries Holdings 2646 31% 35%
Lowe’s Cos Inc 2906 31% 37%
Gap Inc 1369 31% 39%
Schwab, Charles Corp 1392 30% 38%
Walgreen Co 4294 30% 37%
Bed Bath & Beyond Inc 1569 30% 37%
SanDisk Corp 1477 30% 33%
AFLAC Inc 2992 30% 34%
Paychex Inc 792 30% 35%
AutoZone Inc 1324 30% 36%
Genuine Parts Co 891 29% 37%
Limited Brands Inc 1227 29% 31%
WellPoint Inc 3958 29% 33%
Chipotle Mexican Grill Inc. 350 29% 39%
F5 Networks Inc 361 29% 33%
Fastenal Co 575 29% 38%
PerkinElmer Inc 64 28% 98%
Hormel Foods Corp 719 28% 33%
O’Reilly Automotive 816 28% 38%
Marathon Petroleum Corp. 3719 28% 36%
Equifax Inc 408 28% 41%
Intuit Inc 966 28% 34%
Intuitive Surgical Inc 710 28% 30%
Fiserv Inc 729 28% 35%
Sherwin-Williams Co 742 28% 40%
Federated Investors Inc B 246 27% 37%
Tiffany & Co 665 27% 34%
Patterson Cos Inc 330 27% 35%
AutoNation Inc 461 27% 38%
Kohl’s Corp 1859 27% 37%
Stericycle Inc 372 27% 36%
Discover Financial Services 3511 27% 37%
Coach Inc 1301 27% 32%
Hershey Foods Corp 963 26% 35%
Total System Services Inc 317 26% 32%
Macy’s Inc 1968 26% 36%
Nucor Corp 1252 26% 31%
Whole Foods Market Inc 552 26% 38%
Grainger, W.W. Inc 1052 26% 37%
Reynolds American Inc 2186 26% 36%
Baker Hughes Inc 2339 26% 25%
Harris Corp 881 26% 33%
McGraw-Hill Cos Inc 1347 26% 36%
Home Depot Inc 6068 26% 36%
Cardinal Health Inc 1518 26% 36%
Safeway Inc 882 25% 41%
Family Dollar Stores Inc 617 25% 37%
Lockheed Martin 3631 25% 27%
CBRE Group, Inc. 430 25% 44%
Clorox Co 563 25% 49%
Davita Inc 893 24% 35%
Visa Inc 5656 24% 36%
Perrigo Co 451 24% 24%
Target Corp 4456 24% 34%
Precision Castparts Corp 1812 24% 33%
Kinder Morgan Inc 1015 24% 36%
Life Technologies Corp 479 24% 21%
United Parcel Service Inc B 5776 24% 34%
Allergan Inc 1300 24% 28%
Texas Instruments Inc 2955 23% 24%
Coventry Health Care Inc 858 23% 37%
Automatic Data Processing 1933 23% 35%
ACE Limited 2091 23% 24%
DeVry Inc 494 23% 33%
Titanium Metals Corp 181 23% 35%
Walt Disney Co 8043 23% 35%
TJX Cos Inc 2411 23% 38%
Berkshire Hathaway B 15314 23% 30%
M&T Bank Corp 1225 23% 30%
Mastercard Inc A 2746 23% 31%
Nasdaq OMX Group/The 573 23% 33%
Torchmark Corp 756 22% 31%
Tyson Foods Inc A 1074 22% 32%
Republic Services Inc 906 22% 35%
BlackRock Inc 3135 22% 25%
CONSOL Energy Inc 788 22% 20%
Block H & R Inc 576 22% 40%
Deere & Co 4223 22% 34%
Franklin Resources Inc 2624 22% 31%
Snap On Inc 413 21% 32%
Sigma-Aldrich Corp 640 21% 29%
Time Warner Inc 4366 21% 34%
Brown-Forman Corp B 760 21% 33%
Quanta Services Inc 216 21% 33%
Intl Game Technology 428 20% 32%
Scripps Networks Interactive 883 20% 28%
Fidelity National Information 744 20% 32%
Roper Industries Inc 605 20% 29%
CA Inc 1354 20% 31%
KLA-Tencor Corporation 1110 20% 28%
FLIR Systems Inc 311 20% 28%
Ralph Lauren Corp 1015 20% 33%
Jacobs Engineering Group Inc 517 20% Negative
Illinois Tool Works Inc 2593 20% 22%
News Corporation 4177 20% 25%
Dun & Bradstreet Corp 368 19% 30%
Johnson & Johnson 12361 19% 22%
General Dynamics 3718 19% 31%
Gilead Sciences Inc 3651 19% 24%
Airgas Inc 492 19% 36%
Robert Half Intl Inc 250 19% 40%
Northrop Grumman Corp 3083 19% 32%
The Bank of New York Mellon 3617 19% 29%
Starbucks Corp 1811 19% 31%
Wal-Mart Stores 24398 19% 33%
Darden Restaurants Inc 648 19% 26%
Washington Post Co B 218 19% 44%
Campbell Soup Co 1168 18% 31%
TripAdvisor Inc. 272 18% 35%
Intel Corp 17781 18% 27%
General Mills Inc 2211 18% 32%
Ameriprise Financial Inc 1385 18% 26%
Comcast Corp 8207 18% 37%
Cintas Corp 393 18% 37%
Forest Laboratories 1238 18% 21%
St Jude Medical Inc 1019 18% 19%
AmerisourceBergen Corp 1131 18% 38%
Staples Inc 1459 17% 33%
Kroger Co 843 17% 29%
Costco Wholesale Corp 2383 17% 35%
Sealed Air Corp 216 17% 31%
Eastman Chemical Co 964 17% 32%
Harley-Davidson Inc 793 17% 31%
Valero Energy Corp 3322 17% 37%
Cabot Oil & Gas A 235 17% 48%
Bemis Co Inc 292 17% 36%
VF Corp 1165 17% 24%
National Oilwell Varco Inc 2922 17% 32%
Goodrich Corp 1165 16% 30%
Kellogg Co 1732 16% 29%
Union Pacific Corp 5264 16% 37%
Cigna Corporation 1968 16% 5%
Discovery Communications Inc 1559 16% 27%
NetApp Inc 712 16% 15%
Medtronic Inc 4145 16% 18%
Constellation Brands Inc A 534 16% 17%
Moody’s Corp 840 16% 31%
DIRECTV Class A 3984 16% 34%
Waste Management Inc 1520 16% 34%
Expeditors Intl of WA Inc 638 16% 39%
Capital One Financial 4587 16% 29%
VeriSign Inc 194 16% 28%
Noble Corp 436 16% 17%
McCormick & Co 491 16% 29%
Ecolab Inc 680 15% 32%
Linear Technology Corp 724 15% 20%
Zimmer Holdings Inc 979 15% 22%
The Williams Companies Inc 1202 15% 10%
EMC Corp 3249 15% 20%
Rockwell Collins 855 15% 28%
Autodesk Inc 363 15% 21%
Amgen Inc 4150 15% 11%
Marriott Intl A 356 15% 44%
Norfolk Southern Corp 2918 15% 34%
Molex Inc 430 15% 30%
Mylan Inc. 655 15% 18%
McDonald’s Corp 8012 15% 31%
Dover Corp 1095 15% 23%
Cincinnati Financial Corp 176 14% 6%
Wells Fargo & Co 23656 14% 31%
McKesson Corp 1919 14% 27%
Google Inc 12326 14% 21%
Viacom Inc B 3245 14% 33%
JP Morgan Chase & Co 26749 14% 29%
Monsanto Co. 2374 14% 30%
Raytheon Co 2690 14% 29%
American Express Co 6956 14% 30%
US Bancorp 6629 14% 28%
Dentsply Intl 256 14% 4%
Biogen Idec Inc 1711 14% 26%
Iron Mountain Inc 353 13% 30%
Schlumberger Ltd 6338 13% 24%
Fossil Inc 452 13% 32%
eBay Inc. 3910 13% 17%
Allegheny Technologies Inc 339 13% 34%
Thermo Fisher Scientific 1127 13% 9%
Akamai Technologies Inc 307 13% 35%
Northern Trust Corp (IL) 884 13% 32%
ConAgra Foods Inc 1225 13% 34%
CareFusion Corp. 415 13% 30%
Wyndham Worldwide Corp 650 13% 36%
BMC Software Inc 530 13% 24%
Lilly, Eli & Co 5350 13% 19%
Gannett Co Inc 653 12% 23%
Oracle Corp 12962 12% 23%
Estee Lauder Cos. 1026 12% 31%
Bristol-Myers Squibb 6981 12% 25%
CSX Corp 2888 12% 37%
Leggett & Platt 206 12% 24%
IntercontinentalExchange 759 12% 31%
Applied Materials Inc 2378 12% 19%
PPG Industries Inc 1597 12% 24%
Zions Bancorp (UT) 521 12% 38%
Procter & Gamble 15189 12% 22%
Chubb Corp 2199 12% 24%
Fluor Corp 1002 12% 30%
Praxair Inc 2323 12% 28%
Merck & Co Inc 7334 12% 13%
Principal Financial Group 988 12% 24%
Cisco Systems Inc 7825 12% 17%
Citrix Systems Inc 430 12% 17%
Apple Inc. 34205 11% 24%
Coca-Cola Enterprises 945 11% 21%
Mead Johnson Nutrition Co 722 11% 28%
Caterpillar Inc 6725 11% 26%
Microsoft Corp 28071 11% 18%
Becton, Dickinson & Co 1716 11% 26%
Amazon.com Inc 934 11% 31%
Cliffs Natural Resources Inc 2242 11% 19%
Public Service Enterprise Grp 2384 11% 41%
L-3 Communications Holdings 1328 11% 27%
Pfizer Inc 12762 11% 32%
Joy Global Inc 896 10% 30%
Tesoro Corp 905 10% 38%
Cognizant Tech Solutions Corp 1169 10% 24%
Edwards Lifesciences Corp 284 10% 17%
Omnicom Group 1549 10% 33%
NIKE Inc B 2844 10% 25%
Hasbro Inc 486 10% 21%
Adobe Systems Inc 1035 10% 20%
People’s United Financial Inc 296 10% 33%
NYSE Euronext 725 10% 17%
Ingersoll-Rand Plc 613 10% 31%
Mosaic Co 3271 10% 23%
Accenture plc 3512 10% 27%
Colgate-Palmolive Co 3789 10% 33%
Emerson Electric Co 2450 9% 28%
SCANA Corp 555 9% 30%
Heinz, H.J. Co 1183 9% 21%
Diamond Offshore Drilling 1179 9% 18%
Ball Corp 660 9% 31%
DuPont, E.I. de Nemours 4282 9% 18%
CBS Corp B 2083 9% 36%
Red Hat Inc 208 9% 30%
Dell Inc 4240 9% 18%
Analog Devices Inc 1061 9% 19%
Parker-Hannifin Corp 1414 9% 25%
Symantec Corp 1470 8% 20%
ConocoPhillips 23001 8% 46%
Archer-Daniels-Midland Co 3015 8% 33%
Hess Corp 2461 8% 32%
Genworth Financial Inc 314 8% 17%
Comerica Inc (MI) 530 8% 26%
Kraft Foods Inc A 4772 8% 26%
Peabody Energy Corp 1374 8% 26%
Honeywell Intl Inc 2282 7% 18%
Flowserve Corp 588 7% 27%
Cameron International Corp 651 7% 20%
3M Co 6031 7% 28%
Celgene Corp 1420 7% 7%
Waters Corp 509 7% 15%
Boston Scientific Corp 642 7% 31%
PepsiCo Inc 8834 7% 27%
Lam Research Corp 801 7% 10%
KeyCorp 1345 7% 27%
Goldman Sachs Group Inc 6169 7% 28%
Murphy Oil Corp 1551 6% 52%
Amphenol Corp A 717 6% 26%
Helmerich & Payne Inc 687 6% 37%
Expedia 402 6% 19%
Stryker Corp 1686 6% 20%
MeadWestvaco Corp 422 6% 38%
Rockwell Automation Inc 868 6% 20%
Loews Corp 2232 6% 24%
Legg Mason Inc 303 6% 24%
Nabors Industries Ltd 488 6% 29%
United Technologies Corp 7605 6% 29%
Eaton Corp 1553 5% 13%
Teradata Corp 481 5% 27%
EQT Corporation 759 5% 37%
Xylem Inc 383 5% 27%
General Electric Co 20098 5% 29%
BB&T Corp 1628 5% 18%
EOG Resources 1910 5% 43%
Facebook 1695 5% 41%
FMC Technologies Inc 553 5% 27%
Yum! Brands Inc 1659 5% 20%
PNC Finl Services Group 4069 5% 25%
Fifth Third Bancorp (OH) 1831 4% 29%
Freeport McMoRan Copper & Gold 8818 4% 35%
Pall Corp 420 4% 25%
Sempra Energy 1721 4% 21%
Cummins Inc 2671 4% 27%
Hewlett-Packard Co 8982 4% 21%
Borgwarner Inc 766 4% 25%
Chevron Corp 47634 4% 43%
Juniper Networks Inc 572 3% 26%
Harman Intl Industries Inc 160 3% 15%
Xerox Corp 1565 3% 25%
Consolidated Edison Inc 1662 3% 36%
QUALCOMM Inc 5687 3% 20%
TE Connectivity Ltd. 1629 3% 23%
Kimco Realty Corp 80 3% 24%
Occidental Petroleum 10459 3% 40%
FMC Corp 551 3% 25%
Western Union Co 1275 3% 9%
Time Warner Cable Inc 2462 3% 32%
American Tower Corp A 507 3% 25%
Western Digital Corp 780 3% 7%
Lincoln National Corp 599 3% 50%
Baxter Intl Inc 2809 3% 20%
Sara Lee Corp 487 3% 31%
Johnson Controls Inc 2111 3% 18%
Avery Dennison Corp 233 3% 34%
Altera Corp 849 3% 9%
DTE Energy Co 987 3% 27%
Coca-Cola Co 11439 3% 25%
PPL Corp 2201 2% 31%
Pepco Holdings Inc 409 2% 36%
Dow Chemical 1644 2% 34%
Philip Morris International 12532 2% 29%
Exxon Mobil Corp 73257 2% 42%
Molson Coors Brewing Co B 774 2% 13%
Newfield Exploration Co 840 2% 36%
Microchip Technology Inc 380 2% 11%
Covidien Plc 2216 2% 15%
Kimberly-Clark 2183 2% 30%
State Street Corp 2536 2% 24%
Verizon Communications Inc 10483 2% 3%
Crown Castle Intl Corp 180 2% 5%
Teradyne Inc 219 2% Negative
Lexmark International Inc 414 2% 22%
Mattel Inc 971 2% 21%
Southern Co 3487 2% 35%
Noble Energy Inc 715 2% 37%
Huntington Bancshares (OH) 707 1% 23%
Allstate Corp 960 1% 18%
Prudential Financial Inc 5117 1% 31%
Intl Business Machines Corp 21003 1% 25%
Regions Financial Corp 161 1% Negative
Southwest Airlines Co 323 1% 45%
Nvidia Corp 663 1% 12%
Alcoa Inc 1063 1% 24%
Air Products & Chemicals Inc 1661 1% 25%
American Electric Power 2367 1% 35%
Apache Corp 8093 1% 43%
Intl Flavors & Fragrances 374 1% 29%
Morgan Stanley 5939 1% 22%
Ryder System Inc 279 1% 39%
CMS Energy Corp 354 1% 17%
Northeast Utilities 571 1% 30%
Marsh & McLennan Companies 1404 0% 30%
Chesapeake Energy Corp 2880 0% 39%
Southwestern Energy Co 1051 0% 39%
Motorola Solutions, Inc 738 0% Negative
Xcel Energy Inc 1310 0% 36%
Spectra Energy Corp 1744 0% 28%
Priceline.com Inc 1368 0% 23%
Interpublic Group Cos 738 0% 26%
PACCAR Inc 1507 0% 31%
Exelon Corp 3952 0% 37%
Varian Medical Systems Inc 589 0% 31%
AES Corp 2179 0% 29%
AvalonBay Communities Inc 441 0% 0%
Goodyear Tire & Rubber Co 618 0% 33%
Leucadia National Corp (NY) 681 0% 40%
Masco Corp (472) 0% Negative
Metropcs Communications Inc 480 0% 37%
Micron Technology Inc 551 0% 37%
Pioneer Natural Resources 656 0% 30%
Plum Creek Timber Co 192 0% Negative
Range Resources Corp 78 0% 45%
TECO Energy Inc 427 0% 36%
Tenet Healthcare 161 0% 38%
Wynn Resorts Ltd 806 0% 2%
Dean Foods Co (2053) 0% Negative
Boston Properties Inc 314 Tax-Free REIT Tax-Free REIT
Equity Residential 81 Tax-Free REIT Tax-Free REIT
HCP Inc 505 Tax-Free REIT Tax-Free REIT
Health Care REIT Inc 156 Tax-Free REIT Tax-Free REIT
Public Storage 834 Tax-Free REIT Tax-Free REIT
Simon Property Group 1021 Tax-Free REIT Tax-Free REIT
Ventas Inc 330 Tax-Free REIT Tax-Free REIT
Vornado Realty Trust 619 Tax-Free REIT Tax-Free REIT
Carnival Corp 1912 Exempt Exempt
Electronic Arts (18) Refund Negative
First Solar Inc (54) Refund Negative
Owens-Illinois Inc (406) Refund Negative
Penney, J.C. Inc (229) Refund Negative
Salesforce.com (33) Refund Negative
Sears Holdings Corp (1751) Refund Negative
Vulcan Materials Co (154) Refund Negative
WPX Energy Inc. (417) Refund Negative
XL Group Plc (421) Refund Negative
Abbott Laboratories 5199 Refund 9%
AGL Resources 311 Refund 40%
AT&T Inc 6716 Refund 38%
Advanced Micro Devices (1) Refund Negative
Aetna Inc (403) Refund Negative
Agilent Technologies Inc 1032 Refund 2%
Alexion Pharmaceuticals Inc 230 Refund 24%
Alpha Natural Resources (716) Refund Negative
Ameren Corp 836 Refund 37%
American Intl Group Inc (1065) Refund Negative
Anadarko Petroleum Corp (3424) Refund Negative
Aon plc 1384 Refund 27%
Apartment Investment & Mgmt (149) Refund Negative
Avon Products 743 Refund 29%
Bank of America Corp (230) Refund Negative
Beam Inc 169 Refund 21%
Boeing Co 5393 Refund 26%
Broadcom Corp A 956 Refund 3%
Cablevision Systems Co A 423 Refund 26%
Centerpoint Energy Inc 1174 Refund 34%
CenturyLink Inc 948 Refund 40%
Citigroup Inc 14624 Refund 24%
Computer Sciences (4347) Refund Negative
Cooper Industries Plc 757 Refund 16%
Corning Inc 3213 Refund 13%
Danaher Corp 2448 Refund 21%
Denbury Resources Inc 924 Refund 38%
Devon Energy Corp 4290 Refund 50%
Dominion Resources Inc 2171 Refund 34%
Donnelley, R.R. & Sons (237) Refund Negative
Duke Energy Corp 2465 Refund 31%
E*TRADE Financial Corp 185 Refund 15%
Edison Intl (264) Refund Negative
Entergy Corp 1654 Refund 17%
FedEx Corp 3141 Refund 35%
First Horizon National Corp 150 Refund 11%
FirstEnergy Corp 1443 Refund 40%
Ford Motor Co 8681 Refund Negative
Frontier Communications Corp 246 Refund 36%
Halliburton Co 4449 Refund 32%
Hartford Finl Services Group 230 Refund Negative
Horton, D.R. Inc 12 Refund Negative
Host Hotels & Resorts Inc (13) Refund Negative
Hudson City Bancorp (1255) Refund Negative
Integrys Energy Group Inc 365 Refund 37%
Intl Paper Co 1458 Refund 21%
Invesco Ltd 908 Refund 32%
JDS Uniphase Corp 46 Refund Negative
Jabil Circuit Inc 481 Refund 20%
LSI Corporation 94 Refund 4%
Lennar Corp 98 Refund 15%
Marathon Oil Corp 4427 Refund 61%
Metlife Inc 10026 Refund 31%
NRG Energy (646) Refund Negative
Newell Rubbermaid Inc 153 Refund 12%
Newmont Mining Corp 1810 Refund 39%
NextEra Energy Inc 2452 Refund 22%
Nisource Inc 467 Refund 35%
ONEOK Inc 984 Refund 23%
PG&E Corporation 1298 Refund 34%
Pinnacle West Capital (AZ) 539 Refund 34%
Pitney Bowes Inc 414 Refund 11%
ProLogis, Inc (243) Refund Negative
Progress Energy Inc 910 Refund 35%
Pulte Group Inc (310) Refund Negative
QEP Resources 429 Refund 36%
Rowan Cos Plc 130 Refund Negative
Sprint Nextel Corp (2636) Refund Negative
Stanley Black & Decker 780 Refund 11%
Starwood Hotel & Resort World 425 Refund 18%
SunTrust Banks Inc (GA) 739 Refund 11%
Sunoco Inc (2404) Refund Negative
Textron Inc 337 Refund 28%
Travelers Cos Inc 1352 Refund Negative
Tyco Intl 1893 Refund 17%
Weyerhaeuser Co 257 Refund 24%
Whirlpool Corp (28) Refund Negative
Windstream Corp 274 Refund 37%
Wisconsin Energy Corp 777 Refund 34%
Xilinx Inc 597 Refund 11%