Monday, December 18, 2017

Texas at 22.4% At Top of List and Michigan at Negative 5.7% At Bottom of List of US States With Corps Having Stock Market Caps Above $3 Bil Getting Initial Total Tax Benefits (Detriments) From the Trump Tax Bill ...................................................................................... Companies in 37 US States Get Total Initial Tax Benefits and An Amazingly High 11 US States Companies Get Shafted With Initial Tax Detriments in the Trump Tax Bill ...................................................................................... Companies in 4 US States Get a Total of 55% of the Total Initial Tax Benefits in the Trump Tax Bill: There Is Really Something Unfair About This ...................................................................................... All Companies in the Bottom 30 US States in the Below List (From Colorado Down To Michigan and 16 of These 30 US States Voted For Donald Trump) Get Total Initial Tax Benefits of Only $5.2 Bil, Which Is Less Than 1% of the Total Tax Benefits of All 1,187 Companies in the 48 US States of $779 Bil ..... Wow, Income Inequality Isn't Just Broken For Individuals, It's Also Broken For US Companies Based On The US State They Are Located In ..... The Majority of US Millennials Are Right, US Capitalism Is Not Working Properly and Now We Know Why: It's How the US Congress Votes ..... When You Have Such an Incredibly Oppresive US Government, There Has To Be An All-Out People's Peaceful Revolution in the Streets To Remove All of These Totally Self-Interested Wealthy Snakes From Office

From a review of income tax and other footnotes in their most recent audited annual financial statements in their SEC filings and much help from MSN Money Stock Screener, below here are the audited Net Deferred Income Tax Liabilities (Assets) mostly at December 31, 2016 for the 1,187 largest US Companies with stock market caps above $3 Bil recently, with Totals Sorted by US State.  Also Included in these 1,187 US Companies are a handful of Private US Companies With Total Equity of at least $3 Bil. 

The Tax Benefits (Detriments) Below are Computed By Comparing the Total Deferred Income Tax Liabilities with the Total Deferred Income Tax Assets of each of the 1,187 US Companies all sorted by US State HQs.  The higher the Excess of Total Deferred Income Tax Liabilities over the Total Deferred Income Tax Assets, the higher the Debt Forgiveness Granted to the Corporation Upon Donald Trump signing the Tax Bill and the higher the 4Q 2017 Total Earnings Increase, both due to the Trump Tax Bill.  Upon Trump Tax Bill signing, a substantial amount of US Corp's existing Deferred Income Tax Liabilities now owed to the US Government will be immediately forgiven by the US Government, even though it has no future stimulative benefit to the US economy ...... it's clearly just a throw away of US taxpayer money.

The US Companies that benefit the most from the Trump Tax Bill are Utilities and Older, Already Very Profitable US Manufacturing Companies, especially Oil & Gas Companies, due mainly to the massive amount of Accelerated Tax Depreciation and Oil Depletion and Other Tax Loopholes granted to these US Companies by the US Congress over the years, with unfortunately very little if any upward effect on average real middle-class wages.  Also, Aggressive Acquiring Companies tend to have Net Deferred Tax Liabilities, a good chunk of which which will be forgiven when Donald Trump signs the Tax Bill.

The US Companies that lose the most from the Trump Tax Bill are Technology Companies, which are main drivers of the US economy but have little in the way of Depreciable Property, which drives the Accelerated Tax Depreciation, and the US Financial and Auto Industry Companies which still have huge Unused Net Operating Loss Carryforwards resulting from the horrific 2008 Financial Meltdown.

US Subsidiaries of Foreign Corporations will also have a substantial amount of their Debt Forgiven upon Donald Trump signing of this Tax Bill.  To illustrate how substantial this is, I have included below just two of the more than a thousand of them ..... the Toyota and the Honda US Financial Companies, which both have huge Deferred Income Tax Liabilities due to their heavy use of US Tax-Advantaged Leasing.

Given that only 1,187 US Corps are included below thus resulting in making some of the smaller US State's number of Corps pretty low, I'll start working on the additional US Corps with stock market caps below $3 Bil to give even more useful tax benefits (detriments) information by US State due to the Trump Tax Bill.



State's


% of


Trump Total 


Tax Trump


Bill Tax


Initial Bill


Total Initial


Tax Tax
US Companies With # of Benefits Benefits
Stock Market Caps Above $3 Bil Corps (Detriments) (Detriments)


$ in bils %



Texas        112          174.599 22.4%
Nebraska            4            93.075 11.9%
California        168            88.985 11.4%
Pennsylvania          59            74.176 9.5%
New Jersey          43            51.580 6.6%
Illinois          65            32.618 4.2%
Virginia          35            30.413 3.9%
Florida          46            30.265 3.9%
New York        109            29.968 3.8%
Ohio          44            28.859 3.7%
Connecticut          32            27.702 3.6%
Georgia          33            27.497 3.5%
Missouri          26            16.062 2.1%
Kansas            8            15.577 2.0%
Minnesota          26            15.344 2.0%
Oklahoma          13            13.322 1.7%
Arizona          21            12.142 1.6%
North Carolina          31            11.686 1.5%
Colorado          33            11.599 1.5%
Louisiana            5            10.755 1.4%
Massachusetts          57              9.391 1.2%
Indiana          18              9.293 1.2%
Wisconsin          22              8.735 1.1%
Tennessee          20              7.986 1.0%
Nevada          12              6.891 0.9%
Arkansas            7              6.137 0.8%
Washington State          22              5.545 0.7%
Rhode Island            4              4.052 0.5%
South Carolina            5              2.803 0.4%
Alabama            7              2.405 0.3%
Iowa            5              1.639 0.2%
New Mexico            1              0.941 0.1%
North Dakota            1              0.668 0.1%
Hawaii            3              0.592 0.1%
Idaho            3              0.585 0.1%
South Dakota            1              0.536 0.1%
Maine            2              0.180 0.0%
Mississippi            3            (0.012) 0.0%
Montana            1            (0.067) 0.0%
West Virginia            1            (0.079) 0.0%
Utah            3            (0.264) 0.0%
Oregon            5            (0.524) -0.1%
New Hampshire            2            (0.536) -0.1%
Kentucky            8            (0.702) -0.1%
Delaware            5            (3.579) -0.5%
Maryland          22            (5.525) -0.7%
District of Columbia            6          (29.973) -3.8%
Michigan          28          (44.235) -5.7%




Totals     1,187          779.107 100.0%