Big 3 US Banks (JPMorgan Chase, Bank of America and CitiGroup) Total US Federal Effective Tax Rate Paid In Most Recent Five Years Embarrassingly Was a Meager 7.6%, 27.4% Below the US Federal Statutory Tax Rate of 35.0% ....................................................................................... Yeah, That's Only $15.6 Bil US Tax Paid on $206.2 Bil of US Pretax Income ....................................................................................... Elizabeth Warren's Blood Pressure Must Be Really Boiling Now ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% ...................................................................................... JPMorgan Chase Also Has $38.4 Bil, Citigroup $47.0 Bil and Bank of America $17.8 Bil of Foreign Earnings They Will Be Able to Repatriate Cheaply Under the Trump Tax Proposal

Based on a review of their audited annual income tax and other footnotes filed with the SEC, below are the US Federal Income Tax Paid along with the US Pretax Income of each of the Big 3 US Banks with significant foreign operations:

																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
JPMorgan Chase	2,488	26,651		3,160	23,191		2,382	23,422		(1,316)	17,229		3,225	24,895		9,939	115,388	8.6%
Bank of America	302	22,414		2,539	20,064		443	5,751		180	13,221		458	1,867		3,922	63,317	6.2%
Citigroup	1,016	9,877		861	13,526		181	4,601		(260)	6,397		(71)	(6,875)		1,727	27,526	6.3%
Total	3,806	58,942		6,560	56,781		3,006	33,774		(1,396)	36,847		3,612	19,887		15,588	206,231	7.6%