Wednesday, November 29, 2017

The 71 Large US Companies With Stock Market Caps Between $30-50 Bil Showed Very Nice Lowering of Their Total Consolidated Income Tax Paid Rate From 27.8% in 2014 to 23.4% in 2015 and to 22.3% in 2016 .................................................................................... These Large US Companies Have Done a Nice Job Reducing Their Total Income Tax Paid Rate On Their Own, So Why Does the Trump Administration Now Want To Bestow All of This Lavish US Government Corporate Welfare on These Mostly Very Successful Large US Companies? If You Do Something Like This, It Only Seems Logical To Consider It When the Country is in a Deep Recession .................................................................................... These 71 Companies With Stock Market Caps Between $30 Bil and $50 Bil Have Total Cumulative Foreign Earnings To Repatriate of $244 Bil, Only 16% of Such Similar Total of $1.507 Trillion For the 45 US Companies With Stock Market Caps of Above $100 Bil .................................................................................... In So Many Ways , the Trump Tax Proposal is Targeted at the Very Largest, Most Profitable US Corporations, Leaving All the Other US Companies in the Dust, Unable to Compete With the Very Largest, Most Profitable US Corps ....................................................................................... It is a Clear Trump Tax Proposal Strategy of Substantially Expanding Income Inequality of US Companies in the Corporate World, Just Like This Trump Tax Proposal Also Substantially Expands US Citizen Income Inequality

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, as well as the Cumulative Foreign Earnings, mostly at December 31, 2016, which can be repatriated for each of the 71 large US Companies all with Stock Market Caps Between $30 Bil and $50 Bil currently, shown in Stock Market Cap order:










Total


Mostly









3 Years Total
3 Years At 12-31-16

2016
2015

2014

2014-16 3 Years
2014-16 Cumulative

WW 2016
WW 2015
WW 2014
WW 2014-16
WW Foreign

Income WW
Income WW
Income WW
Income WW
Effective Earnings
US Very Large Companies Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Income  That Can Be
Stock Mkt Caps of $30 Bil-50 Bil Paid Income
Paid Income
Paid Income
Paid Income
Rate Paid Repatriated
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s bils $s















Automatic Data Processing          790       2,531
         741       2,235
         710       2,071
      2,241         6,837
32.8%             0.5
Ford Motor          520       6,796
         664     10,252
         365       1,234
      1,549       18,282
8.5%             5.7
Carnival Corp            49       2,828
           42       1,799
             9       1,225
         100         5,852
1.7%  NA 
Phillips 66          (63)       2,191
      1,281       6,044
      1,957       5,745
      3,175       13,980
22.7%             3.0
Deere & Co          417       2,224
         858       2,780
      1,907       4,797
      3,182         9,801
32.5%             5.8
Estee Lauder          479       1,617
         528       1,555
         520       1,561
      1,527         4,733
32.3%             4.1
Prudential Financial          635       5,705
      1,363       7,769
         376       1,759
      2,374       15,233
15.6%             4.2
VMware          295       1,473
         247       1,213
         290       1,048
         832         3,734
22.3%             5.4
Marriott Intl          300       1,184
         257       1,255
         314       1,088
         871         3,527
24.7%             4.0
Crown Castle Intl              8          374
             9          474
           11          335
           28         1,183
2.4%
CSX Corp          622       2,741
         714       3,138
         819       3,044
      2,155         8,923
24.2%
TJX Companies       1,431       3,723
      1,350       3,658
      1,233       3,550
      4,014       10,931
36.7%             0.8
Intuitive Surgical          226          981
         165          759
         165          549
         556         2,289
24.3%             1.5
Praxair          564       2,048
         513       2,160
         636       2,395
      1,713         6,603
25.9%           12.0
Cognizant Technology Sol          896       2,357
         666       2,164
         585       1,924
      2,147         6,445
33.3%             7.9
Constellation Brands          426       2,093
         190       1,501
         264       1,180
         880         4,774
18.4%             0.4
Capital One Financial       2,400       5,484
      2,271       5,881
      2,222       6,569
      6,893       17,934
38.4%             1.3
S&P Global          873       3,188
         235       1,815
         482            54
      1,590         5,057
31.4%             1.7
Marsh & McLennan          617       2,480
         527       2,307
         475       2,057
      1,619         6,844
23.7%             4.4
LyondellBasell       1,029       5,233
      1,549       6,209
      1,363       5,712
      3,941       17,154
23.0%  NA 
Kimberly Clark          937       3,009
         673       1,335
         785       2,255
      2,395         6,599
36.3%             8.9
Regeneron Pharmaceuticals          794       1,330
         719       1,225
         487          761
      2,000         3,316
60.3%
Intuit          389       1,367
         447       1,203
         280          712
      1,116         3,282
34.0%
Boston Scientific          173          177
         194        (650)
         104        (509)
         471           (982)
NM             9.8
Exelon            99       1,989
         321       3,330
         163       2,486
         583         7,805
7.5%
Intercontinental Exchange          466       2,029
         466       1,653
         381       1,407
      1,313         5,089
25.8%             3.6
Emerson Electric          702       2,335
         710       2,316
      1,315       3,807
      2,727         8,458
32.2%             4.9
Kinder Morgan Inc        (170)       1,638
       (128)          772
           33       3,091
       (265)         5,501
-4.8%
Ecolab          494       1,650
         545       1,318
         598       1,698
      1,637         4,666
35.1%             2.1
American Electric Power          (41)          476
         122       2,623
           46       2,403
         127         5,502
2.3%
eBay          922       3,651
         491       2,406
         636       2,515
      2,049         8,572
23.9%             7.4
Norfolk Southern          687       2,582
         566       2,442              840       3,134
      2,093         8,158
25.7%
Public Storage
      1,460           1,318

      1,150
            -           3,928
0.0%
Sherwin-Williams          531       1,595
         490       1,549
         411       1,258
      1,432         4,402
32.5%
Equinix            81          160
         116          211
         147            85
         344            456
75.4%
Vertex Pharmaceuticals            (0)          (67)
           30        (558)
             7        (735)
           37        (1,360)
NM
BB&T Corp       1,056       3,500
         684       2,917
         787       3,127
      2,527         9,544
26.5%
Halliburton        (357)     (7,625)
         (50)        (936)
      1,729       4,712
      1,322        (3,849)
-34.3%             4.0
Prologis            60       1,347
           28          949
           62          714
         150         3,010
5.0%
Delta Airlines            40       6,636
           50       7,157
             1       1,072
           91       14,865
0.6%             0.4
Lam Research            13       1,812
           95          960
           80          741
         188         3,513
5.4%             5.4
HP Inc          692       3,761
    (1,413)       3,532
         959       3,863
         238       11,156
2.1%           20.3
Travelers Cos          928       4,053
      1,182       4,740
      1,254       5,089
      3,364       13,882
24.2%             0.4
Air Product & Chemicals          299       1,416
         371       1,555
         291       1,266
         961         4,237
22.7%             6.0
Express Scripts Holding       1,497       4,427
      1,826       3,864
      1,462       3,066
      4,785       11,357
42.1%             0.1
Baxter          289       4,954
           88          428
           49          490
         426         5,872
7.3%             9.3
Waste Management          569       1,822
         278       1,060
         531       1,751
      1,378         4,633
29.7%             1.0
Zoetis          463       1,228
         290          545
         282          820
      1,035         2,593
39.9%             7.4
Humana       1,009       1,552
      1,157       2,431
      1,087       2,170
      3,253         6,153
52.9%
Monster Beverage          265       1,080
         647          892
         272          746
      1,184         2,718
43.6%
Electronic Arts          140       1,210
         110          877
           31          925
         281         3,012
9.3%             1.8
Valero Energy          535       3,182
      1,705       5,971
      1,332       5,552
      3,572       14,705
24.3%             3.9
Southern Copper          625       1,256
         620       1,189
         987       2,069
      2,232         4,514
49.4%             0.5
State Street          336       2,120
         486       2,298
         355       2,437
      1,177         6,855
17.2%             5.5
Johnson Controls Intl plc          142       2,558
         962       1,061
       (171)          931
         933         4,550
20.5%           16.0
Eaton Corp plc          304       2,127
         358       2,145
         354       1,761
      1,016         6,033
16.8%           17.3
TE Connectivity          330       1,928
       (957)       1,162
         297       1,575
       (330)         4,665
-7.1%           22.0
Analog Devices          927          828
           87          957
         165          810
      1,179         2,595
45.4%             6.3
AFLAC          884       4,067
      1,288       3,862
      1,079       4,491
      3,251       12,420
26.2%  NA 
AllState Corp          654       2,754
      1,033       3,282
      1,123       4,236
      2,810       10,272
27.4%
Southwest Airlines          847       3,547
      1,406       3,479
         232       1,816
      2,485         8,842
28.1%
Illumina          126          561
         171          583
         115          449
         412         1,593
25.9%             0.8
Fidelity Natl Info Services          493          906
         333       1,037
         344       1,053
      1,170         2,996
39.1%             0.8
General Mills          471       2,271
         635       2,404
         562       1,762
      1,668         6,437
25.9%             2.3
Marathon Petroleum Corp          215       1,822
      1,372       4,374
      1,522       3,835
      3,109       10,031
31.0%
Progressive Corp          482       1,471
         670       1,912
         594       1,907
      1,746         5,290
33.0%
McKesson          732       6,891
         844       3,250
         644       2,657
      2,220       12,798
17.3%             6.9
Tyson Foods          889       2,628
         742       2,598
         659       1,921
      2,290         7,147
32.0%             0.2
Sempra Energy          172       1,830
         102       1,704
         154       1,524
         428         5,058
8.5%  NA 
PPG Industries            86          827
         425       1,783
         324       1,346
         835         3,956
21.1%             5.3
Target       1,255       3,965
      1,924       4,923
      1,197       3,653
      4,376       12,541
34.9%             1.0















Total all 71     36,046   161,344
    39,481   168,406
    41,681   149,752
  117,208     479,502
24.4%         244.3















Annual WW Income Tax Rate Paid 22.3%

23.4%

27.8%