| 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% |
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:
