The 85 US Companies With Stock Market Caps of $20-30 Bil Posted Total Worldwide Consolidated Income Tax Rate Paid For the Most Recent 3 Years of 27.9%, Much Higher Than the 24.6% For That of the 45 US Largest Companies With Stock Market Caps Above $100 Bil .................................................................................... Further, the Trump Tax Proposal is Flat Out Way Off Target in Helping the Very Largest, Most Profitable US Corporations So Much More Than It Helps US Companies Smaller Than the Very Largest US Corps .................................................................................... The 43% Drop in the Statutory US Corporate Rate From 35% to 20%, the Huge First Year Bonus Tax Depreciation For Many Years, the Substantial Reduction in the Existing Deferred Federal Income Tax Liability On the Books Now at 35%, the Magnitude of Cumulative Foreign Earnings That Can Be Cheaply Repatriated and the Switch to the Territorial Tax System All Five Disproportionately Help the Most Profitable US Corps Over All Other US Companies of All Sizes: The Very Largest, Most Profitable US Corps Are Substantially More Likely To Get Much More of These Tax Benefits Included in the Trump Tax Proposal Than All Other US Companies

Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the Worldwide Consolidated Income Tax Paid and the related Worldwide Consolidated Pretax Income for the most recent three years for the 85 US Companies all with Stock Market Caps between $20 Bil and $30 Bil, shown in Stock Market Cap order:

										Total
										3 Years	Total		3 Years
	2016			2015			2014			2014-16	3 Years		2014-16
	WW	2016		WW	2015		WW	2014		WW	2014-16		WW
	Income	WW		Income	WW		Income	WW		Income	WW		Effective
US Companies	Tax	Pretax		Tax	Pretax		Tax	Pretax		Tax	Pretax		Income
Stock Mkt Caps of $20 Bil-30 Bil	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
Autodesk	94	(524)		64	(20)		13	83		171	(461)		NM
Moody's Corp	435	558		412	1,380		425	1,461		1,272	3,399		37.4%
SYSCO Corp	676	1,766		390	1,433		326	1,008		1,392	4,207		33.1%
Amphenol	338	1,141		268	1,053		247	973		853	3,167		26.9%
TD Ameritrade	533	1,394		431	1,265		498	1,288		1,462	3,947		37.0%
PG&E Corp	(175)	1,462		(78)	861		(125)	1,795		(378)	4,118		-9.2%
HCA Healthcare	1,291	4,810		1,418	3,957		1,070	3,481		3,779	12,248		30.9%
Corning Intl	305	3,692		93	1,486		484	3,568		882	8,746		10.1%
Western Digital	360	769		60	153		84	1,577		504	2,499		20.2%
Roper Technologies	316	941		323	1,002		312	921		951	2,864		33.2%
Weyerhaeuser	13	504		-	353		(39)	687		(26)	1,544		-1.7%
Ross Stores	677	1,786		535	1,612		536	1,485		1,748	4,883		35.8%
Sun Trust Banks	694	2,692		743	2,707		394	2,278		1,831	7,677		23.9%
Consolidated Edison	(85)	1,943		(48)	1,798		50	1,660		(83)	5,401		-1.5%
Delphi Automotive plc	367	1,425		284	1,508		260	1,615		911	4,548		20.0%
Fiserv	471	1,275		357	1,057		381	1,047		1,209	3,379		35.8%
Royal Caribbean Cruises	20	1,303		11	677		(21)	743		10	2,723		0.4%
YUM! Brands	297	1,318		427	1,261		414	1,374		1,138	3,953		28.8%
Edison Intl	(13)	1,590		37	1,568		(79)	1,979		(55)	5,137		-1.1%
Cummins	424	1,930		663	2,025		667	2,434		1,754	6,389		27.5%
Pioneer Natural Resources	(24)	(959)		23	(421)		4	1,597		3	217		1.4%
Synchrony Financial	930	3,570		1,612	3,531		1,480	3,386		4,022	10,487		38.4%
Anadarko Petroleum	237	(3,829)		300	(9,689)		1,764	54		2,301	(13,464)		NM
Public Service Enterprise	(13)	1,298		328	2,680		393	2,456		708	6,434		11.0%
Xcel Energy	(6)	1,705		(34)	1,527		(64)	1,545		(104)	4,777		-2.2%
PPL Corp	87	2,550		88	2,068		196	2,129		371	6,747		5.5%
PACCAR	578	1,130		788	2,337		757	2,018		2,123	5,485		38.7%
Avalon Bay Communities	0	1,034		1	743		9	669		10	2,446		0.4%
Fortive	335	1,197		398	1,270		407	1,279		1,140	3,746		30.4%
Stanley Black & Decker	287	1,226		250	1,151		177	1,085		714	3,462		20.6%
Welltower	15	709		10	636		3	384		28	1,729		1.6%
VF Corp	315	1,416		385	1,707		464	1,714		1,164	4,837		24.1%
Equity Residential		4,480			908			657		-	6,045		0.0%
Sirius XM Holdings	22	1,092		17	892		10	831		49	2,815		1.7%
Rockwell Automation	178	1,037		284	943		329	1,128		791	3,108		25.5%
Sprint	-	(771)		17	1,854		34	3,919		51	5,002		1.0%
C R Bard	198	664		259	349		178	446		635	1,459		43.5%
Cerner	293	918		177	781		142	774		612	2,473		24.7%
Workday	4	(409)		1	(289)		2	(246)		7	(944)		NM
Alexion Pharmaceuticals	73	576		(39)	498		367	872		401	1,946		20.6%
Parker-Hannifin	308	1,329		373	1,115		401	1,432		1,082	3,876		27.9%
Digital Realty Trust	10	442		6	308		5	208		21	958		2.2%
M&T Bank	524	2,058		152	1,675		430	1,642		1,106	5,375		20.6%
Discover Financial Services	1,215	3,656		1,388	3,612		1,382	3,694		3,985	10,962		36.4%
T Rowe Price Group	779	1,961		823	2,002		693	2,003		2,295	5,966		38.5%
Ameriprise Financial	312	1,592		586	2,142		317	2,547		1,215	6,281		19.3%
Red Hat	54	320		89	275		46	255		189	850		22.2%
Williams Companies	1	(375)		(62)	(1,713)		3	3,584		(58)	1,496		-3.9%
Dollar General	702	1,966		676	1,853		626	1,681		2,004	5,500		36.4%
Edwards Lifesciences	193	738		143	622		400	1,144		736	2,504		29.4%
Paychex	410	1,245		387	1,151		389	1,060		1,186	3,456		34.3%
Ventas	(2)	517		2	354		1	352		1	1,223		0.1%
American Airlines	12	4,299		20	4,616		(16)	3,212		16	12,127		0.1%
Dollar Tree	561	1,329		142	448		373	954		1,076	2,731		39.4%
DISH Network	330	2,306		160	1,136		142	1,206		632	4,648		13.6%
Interactive Brokers Group	35	761		28	458		29	506		92	1,725		5.3%
Zimmer Biomet	248	400		171	153		311	939		730	1,492		48.9%
CBS Corp	484	2,230		231	2,264		67	1,858		782	6,352		12.3%
International Paper	111	956		185	1,266		258	872		554	3,094		17.9%
Franklin Resources	751	2,549		433	2,500		938	3,028		2,122	8,077		26.3%
Hershey	418	1,099		427	902		440	1,306		1,285	3,307		38.9%
ServiceNow	5	(450)		7	(193)		5	(176)		17	(819)		NM
Hewlett Packard Enterprise	2,290	4,079		2,186	1,470		901	2,244		5,377	7,793		69.0%
Agilent Technologies	79	544		(28)	480		193	229		244	1,253		19.5%
Kellogg	259	927		328	773		440	825		1,027	2,525		40.7%
GGP	1	1,026		(38)	955		7	344		(30)	2,325		-1.3%
Archer Daniels Midland	478	1,822		445	2,284		933	3,130		1,856	7,236		25.6%
WEC Energy Group	73	1,507		15	1,074		34	951		122	3,532		3.5%
Rockwell Collins	183	931		160	935		218	962		561	2,828		19.8%
Microchip Technology	46	90		18	281		13	346		77	717		10.7%
Align Technology	79	544		28	480		193	229		300	1,253		23.9%
Northern Trust	660	1,517		637	1,465		415	1,190		1,712	4,172		41.0%
Willis Towers Watson plc	148	340		66	340		93	340		307	1,020		30.1%
Ingersoll Rand plc	315	1,741		433	1,248		317	1,209		1,065	4,198		25.4%
Freeport-McMoRan	171	(3,472)		69	(14,128)		1,369	(800)		1,609	(18,400)		NM
Concho Resources	(12)	(2,339)		2	97		22	856		12	(1,386)		NM
Republic Services	334	966		376	1,196		368	885		1,078	3,047		35.4%
Incyte Corp	3	107		1	8		(0)	(49)		4	66		5.9%
Mohawk Industries	342	1,241		161	749		156	664		659	2,654		24.8%
Eversource Energy	92	1,505		52	1,426		29	1,295		173	4,226		4.1%
DTE Energy	6	1,105		(7)	950		8	1,275		7	3,330		0.2%
Devon Energy	100	(3,877)		(237)	(21,268)		477	4,059		340	(21,086)		NM
Principal Financial Group	56	1,592		219	1,431		151	1,495		426	4,518		9.4%
O'Reilly Automotive	589	1,637		552	1,460		443	1,222		1,584	4,319		36.7%
Hartford Financial Services	12	804		(52)	1,978		(60)	1,699		(100)	4,481		-2.2%
Total all 85	24,312	95,674		23,008	53,242		26,509	116,061		73,829	264,977		27.9%
Annual WW Income Tax Rate Paid	25.4%			43.2%			22.8%

Next up, the so many smaller US Companies with Stock Market Caps of $10-20 Bil.  This will take awhile, but so far the Total Worldwide Consolidated Income Tax Rate Paid for them is especially high.  They have no chance to compete against the very largest, most profitable US Companies.