Thursday, November 23, 2017

The 23 US Regulated Utilities Electric & Gas Services Corps With Stock Market Caps Above $10 Bil Paid Total US Federal Income Taxes of $1.8 Bil on Related US Pretax Income of $98.2 Bil, For a US Federal Income Tax Rate Paid of Only 1.8% in the Most Recent Three Years, 33.2% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on These Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% and Also Doubling Down on First Year Bonus Tax Depreciation ...................................................................................... At December 31, 2016, These 23 Utility Corps Had a $178 Bil Total Deferred Tax Liability Just Related to Property (Predominately Accelerated Tax Depreciation) Which Will Be Reduced By the Reduction in Tax Rates or By 15%/35% For an Increase in After-Tax Earnings of $76 Bil ...................................................................................... No US Industry Comes Out Better Under the Trump Tax Proposal Than the US Utility Industry, Just Like No US Industry Came out Better Under the PATH Act of 2015 Than the US Utility Industry: They Must Have Some Exceptionally Effective Tax Lobbyists ...................................................................................... Do You Think Utility Consumers Will Get Any Breaks on Their Monthly Utility Bills From These Massively Lower US Federal Income Taxes Bestowed By Both the PATH ACT of 2015 and Also By the Trump Tax Proposal on the Utility Companies? There is No Way!

US Big 6 Publicly-Held Hospitals and Related Services, Led By Giant HCA, Paid Total US Federal Income Tax Rate of 24.7% in the Most Recent Five Years, 10.3% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on These Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... Do You Think Hospital Patients Will Get Any Breaks on Their Patient Fees From These Massively Lower US Federal Income Taxes To Be Paid By Hospitals? There is No Way

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax Income for each of the US Big 6 Publicly-Held Hospitals and Related Services Companies for the most recent five years:















Total Total
















5 Years 5 Years 5 Years

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 2012-16

US US
US US
US US
US US
US US
US US Effective
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax US Tax
Hospitals and Related Services Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s



















HealthSouth Corp          16        482
           3        396
           3        387
           1        395                1        340
         24       2,000 1.2%
Envision Healthcare          65        205
         83        496
           9        294
           8        303
         15        257
       180       1,555 11.6%
Davita        337     1,145
       183        765
       188     1,341
       334     1,125
       239     1,001
    1,281       5,377 23.8%
HCA Holdings     1,129     4,810
    1,259     3,957
       916     3,481
       827     2,946
       604     2,894
    4,735     18,088 26.2%
Universal Health Services        369     1,156
       364     1,146
       248        930
       257        869
       254        764
    1,492       4,865 30.7%
MEDNAX        167        514
       169        540
       168        509
       135        448
       112        388
       751       2,399 31.3%



















Total all 6     2,083     8,312
    2,061     7,300
    1,532     6,942
    1,562     6,086
    1,225     5,644
    8,463     34,284 24.7%



Wednesday, November 22, 2017

Corning Paid US Federal Income Tax Rate of 1.1% in the Most Recent Five Years, 33.9% Below the Statutory US Federal Income Tax Rate of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on Big US Corps By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... Corning Also Has $12.6 Bil of Foreign Earnings It Will Be Able to Repatriate Cheaply Under the Trump Tax Proposal

Based on a review of their audited annual income tax footnotes filed with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax Income for each of the most recent five years of Corning Inc:















Total Total
















5 Years 5 Years 5 Years

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 2012-16

US US
US US
US US
US US
US US
US US Effective
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax US Tax
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s



















Corning            1     2,658
         40        426
         38     2,384
           3     1,274
         (4)        382
         78       7,124 1.1%


US Big 10 National/Regional Banks, Led By Wells Fargo, Paid Total US Federal Income Tax Rate of 23.6% in the Most Recent Five Years, 11.4% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on These Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... State Street Corp Also Has $5.5 Bil and Wells Fargo $2.4 Bil of Foreign Earnings They Will Be Able to Repatriate Cheaply Under the Trump Tax Proposal

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax Income for each of the US Big 10 National/Regional Banks and also for 3 Smaller Southwest Indiana Banks for the most recent five years:















Total Total
















5 Years 5 Years 5 Years

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 2012-16

US US
US US
US US
US US
US US
US US Effective

Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax US Tax

Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid

mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
US Big 10 National Banks
















State Street Corp        (14)        900
         52        998
         59     1,107
       193     1,436
       148     1,656
       438       6,097 7.2%
PNC Financial Services Grp        871     5,253
       927     5,507
    1,084     5,614
       263     5,688
       453     4,039
    3,598     26,101 13.8%
Sun Trust Bank        667     2,692
       707     2,707
       365     2,278
     (158)     1,683
       592     2,796
    2,173     12,156 17.9%
M&T Bank        429     2,058
       130     1,675
       379     1,642
       371     1,718
       309     1,553
    1,618       8,646 18.7%
Fifth Third Bancorp        598     2,065
       662     2,365
       424     2,028
       494     2,598
       327     2,210
    2,505     11,266 22.2%
BB&T Corp        959     3,500
       585     2,917
       706     3,127
    1,007     3,124
       275     2,792
    3,532     15,460 22.8%
Wells Fargo     6,712   32,120
  10,822   33,641
    7,321   33,915
    4,601   32,629
    9,141   28,471
  38,597   160,776 24.0%
US Bancorp     2,585     8,105
    1,956     8,030
    1,888     7,995
    1,885     7,764
    1,853     7,726
  10,167     39,620 25.7%
Bank New York Mellon        823     3,147
       551     2,698
    1,273     2,456
       714     2,428
       348     2,017
    3,709     12,746 29.1%
Capital One Financial     2,087     4,897
    1,991     5,593
    1,934     6,103
    1,581     6,119
    1,590     4,888
    9,183     27,600 33.3%



















Total all 10   15,717   64,737
  18,383   66,131
  15,433   66,265
  10,951   65,187
  15,036   58,148
  75,520   320,468 23.6%



















SW Indiana Smaller Banks

















Old National Bancorp          24        200
         17        163
           9        142
         14        143
         21        128
         85          776 11.0%
First Financial Corp          16          58
         10          41
           9          48
         10          45
         12          47
         57          239 23.8%
German American Bancorp          11          49
         11          42
           9          40
           9          37
         10          35
         50          203 24.6%