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 526 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 Deductions granted to these US Companies by the US Congress over the years, with unfortunately very little effect on average middle-class wages. 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, 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 526 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 roughly 300-350 additional US Corps with stock market caps between $5 Bil and $10 Bil to give even more useful tax benefits (detriments) information by US State due to the Trump Tax Bill. It will take some time to complete.
| % of | |||
| Trump | Trump | ||
| Tax | Tax | ||
| Bill | Bill | ||
| Initial | Initial | ||
| Total | Total | ||
| Tax | Tax | ||
| # of | Benefits | Benefits | |
| Corps | (Detriments) | (Detriments) | |
| $ in bils | % | ||
| Texas | 49 | 161.345 | 21.8% |
| Nebraska | 3 | 93.148 | 12.6% |
| California | 86 | 89.105 | 12.0% |
| Pennsylvania | 21 | 71.948 | 9.7% |
| New Jersey | 19 | 44.054 | 5.9% |
| New York | 60 | 32.328 | 4.4% |
| Illinois | 36 | 30.087 | 4.1% |
| Ohio | 21 | 29.798 | 4.0% |
| Georgia | 18 | 27.916 | 3.8% |
| Connecticut | 14 | 26.920 | 3.6% |
| Virginia | 16 | 26.583 | 3.6% |
| Florida | 18 | 26.000 | 3.5% |
| Kansas | 2 | 14.367 | 1.9% |
| Minnesota | 15 | 14.108 | 1.9% |
| Missouri | 9 | 11.863 | 1.6% |
| Arizona | 6 | 11.421 | 1.5% |
| Louisiana | 2 | 10.840 | 1.5% |
| North Carolina | 16 | 9.959 | 1.3% |
| Massachusetts | 19 | 9.153 | 1.2% |
| Colorado | 12 | 8.435 | 1.1% |
| Oklahoma | 5 | 8.400 | 1.1% |
| Wisconsin | 6 | 7.378 | 1.0% |
| Arkansas | 3 | 6.530 | 0.9% |
| Tennessee | 9 | 5.853 | 0.8% |
| Indiana | 6 | 5.461 | 0.7% |
| Washington State | 11 | 4.351 | 0.6% |
| Rhode Island | 4 | 4.052 | 0.5% |
| District of Columbia | 2 | 2.847 | 0.4% |
| Nevada | 3 | 2.818 | 0.4% |
| Iowa | 3 | 0.814 | 0.1% |
| Alabama | 2 | 0.395 | 0.1% |
| Maine | 1 | 0.034 | 0.0% |
| Utah | 2 | (0.240) | 0.0% |
| Idaho | 1 | (0.749) | -0.1% |
| Oregon | 1 | (1.024) | -0.1% |
| Kentucky | 3 | (1.083) | -0.1% |
| Delaware | 2 | (2.877) | -0.4% |
| Maryland | 5 | (5.839) | -0.8% |
| Michigan | 15 | (45.067) | -6.1% |
| Total all 526 US Companies in all US States | 526 | 741.432 | 100.0% |
