They all still have massive amounts of Deferred Income Tax Assets, the US portion of which must be written down, much of it by 43%, with a similar massive hit to their 4Q 2017 Bottom Line Earnings due to the Trump Tax Bill.
The really unfair thing happening here under the Trump Tax Bill is that these below US Companies are effectively transferring a substantial portion of their wealth by funding very profitable US Corps under the Trump Tax Bill.
And why does the US Government under the Trump Tax Bill so vindictively punish the present and past employees and the present stockholders of these US Companies again, almost nine years later? It makes no sense to me.
| Net | |
| Deferred | |
| Income | |
| US Financial & Auto Companies | Tax |
| Devastated the Most By the | Assets |
| 2008-2009 US Financial Meltdown | 12-31-16 |
| bils $s | |
| Citigroup | 46.7 |
| General Motors | 34.6 |
| Fannie Mae | 33.5 |
| American International Group | 20.7 |
| Banc of America | 19.2 |
| Freddie Mac | 15.8 |
| Ford Motor | 9.0 |
| Total all 7 | 179.5 |
