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 | ||||||
US Railroad Companies | 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 | |||||||
Burlington Northern Santa Fe | 999 | 5,693 | 1,211 | 6,775 | 1,190 | 6,169 | 1,346 | 5,928 | 1,204 | 5,377 | 5,950 | 29,942 | 19.9% | |||||
CSX | 540 | 2,741 | 619 | 3,138 | 729 | 3,044 | 671 | 2,922 | 450 | 2,971 | 3,009 | 14,816 | 20.3% | |||||
Norfolk Southern | 612 | 2,582 | 505 | 2,442 | 729 | 3,134 | 695 | 2,965 | 569 | 2,758 | 3,110 | 13,881 | 22.4% | |||||
Union Pacific | 1,518 | 6,766 | 1,901 | 7,656 | 2,019 | 8,343 | 1,738 | 7,048 | 1,335 | 6,318 | 8,511 | 36,131 | 23.6% | |||||
Total all 4 | 3,669 | 17,782 | 4,236 | 20,011 | 4,667 | 20,690 | 4,450 | 18,863 | 3,558 | 17,424 | 20,580 | 94,770 | 21.7% |
Tuesday, November 21, 2017
US Big 4 Railroad Companies Paid Total US Federal Income Tax Rate of 21.7% in the Most Recent Five Years, 13.3% 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 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, Which Enormously Benefits Railroad Companies Companies ...................................................................................... At December 31, 2016, These 4 Railroad Corps Had a $57 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 $24 Bil (Burlington Northern $9 Bil ... Yeah, There's That Astute Warren Buffett Again ... , Union Pacific $7 Bil, CSX $4 Bil and Norfolk Southern $4 Bil)
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 most recent five years of the US Big 4 Railroad Companies: