The 77 US Companies With Stock Market Caps of $15-20 Bil Posted Total Worldwide Consolidated Income Tax Rate Paid For the Most Recent 3 Years of 31.2%, Substantially Higher Than the 24.6% For That of the 45 US Largest Companies With Stock Market Caps Above $100 Bil .................................................................................... Trump Reacts to This Huge Difference in Effective Tax Rates Between the Largest US Companies and the Smaller US Companies By Doubling Down and Even Expanding Further This Effective Income Tax Rate Paid Differential in His Trump Tax Bill Which Clearly Favors the Largest, Most Profitable US Corps Over the Smaller, Less Profitable US Companies .................................................................................... 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 ....................................................................................... The 43% Drop in the Statutory US Corporate Rate From 35% to 20%, the Huge First Year Bonus Tax Depreciation For Five Years, the Substantial Reduction in the Existing Deferred Federal Income Tax Liability On the Books Now at 35%, the Magnitude of Cumulative Foreign Earnings That Can Be Cheaply Repatriated and the Switch to the Territorial Tax System Are Just Five of the Many Trump Tax Bill Provisions Which Disproportionately Help the Most Profitable US Corps Over All Other US Companies of All Sizes: The Very Largest, Most Profitable US Corps Are Substantially More Likely To Get Much More of These Tax Benefits Included in the Trump Tax Proposal Than All Other US Companies ....................................................................................... It is a Clear Trump Tax Bill 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 Fom Continuing Operations for the most recent three years for the 77 US Companies all with Stock Market Caps very recently of between $15 Bil and $20 Bil, shown in Stock Market Cap order:

										Total
										3 Years	Total		3 Years
	2016			2015			2014			2014-16	3 Years		2014-16
	WW	2016		WW	2015		WW	2014		WW	2014-16		WW
	Income	WW		Income	WW		Income	WW		Income	WW		Effective
US Companies	Tax	Pretax		Tax	Pretax		Tax	Pretax		Tax	Pretax		Income
Stock Mkt Caps of $15 Bil-20 Bil	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
Kroger	772	2,914		760	3,094		906	2,649		2,438	8,657		28.2%
Fifth Third Bancorp	653	2,065		730	2,365		466	2,028		1,849	6,458		28.6%
SBA Communications	10	87		9	(167)		8	(16)		27	(96)		NM
KeyCorp	168	968		379	1,222		321	1,272		868	3,462		25.1%
Newmont Mining	129	(214)		193	295		281	821		603	902		66.9%
Mylan NV	251	122		184	915		357	975		792	2,012		39.4%
Skyworks Solutions	240	1,257		208	1,201		233	1,024		681	3,482		19.6%
Boston Properties	-	570		-	800		-	526		-	1,896		0.0%
ONEOK	13	958		(8)	522		43	820		48	2,300		2.1%
Expedia	29	277		225	926		171	465		425	1,668		25.5%
Citizens Financial Group	336	1,534		174	1,263		262	1,268		772	4,065		19.0%
MGM Resorts Intl	95	1,259		17	(1,046)		14	411		126	624		20.2%
D R Horton	453	1,602		392	1,354		370	1,123		1,215	4,079		29.8%
Regions Financial	465	1,672		300	1,530		374	1,682		1,139	4,884		23.3%
Waste Connections	72	361		101	(126)		121	386		294	621		47.3%
Autozone	570	1,925		627	1,913		606	1,803		1,803	5,641		32.0%
Hormel Foods	382	1,317		350	1,057		306	922		1,038	3,296		31.5%
AmericasourceBergen	234	918		94	1,391		386	269		714	2,578		27.7%
Xilinx	1	691		42	637		74	740		117	2,068		5.7%
Cardinal Health	339	1,924		758	2,276		536	1,967		1,633	6,167		26.5%
Symantec	182	(262)		128	392		26	101		336	231		145.5%
Nucor	327	1,299		296	242		298	1,147		921	2,688		34.3%
United Continental Holdings	(92)	3,819		56	4,219		(17)	1,128		(53)	9,166		-0.6%
Arista Networks	80	242		51	146		42	122		173	510		33.9%
HIS Markit Ltd	4	142		41	238		55	223		100	603		16.6%
Clorox	365	1,033		330	983		331	921		1,026	2,937		34.9%
CNH Industries NV	229	(9)		263	567		489	1,089		981	1,647		59.6%
Coty Inc	131	(658)		99	139		61	233		291	(286)		NM
Best Buy	408	1,816		455	1,310		438	1,387		1,301	4,513		28.8%
Check Point Software Tech	194	897		204	874		183	830		581	2,601		22.3%
Harris	132	905		(41)	884		123	396		214	2,185		9.8%
Continental Resources	(23)	(632)		0	(535)		0	1,562		(23)	395		-5.8%
Molson Coors Brewing	127	3,035		153	411		69	586		349	4,032		8.7%
Centene Corp	507	1,157		358	697		238	457		1,103	2,311		47.7%
Loews Corp	105	936		186	244		474	1,810		765	2,990		25.6%
KLA-Tencor	244	1,173		138	858		92	434		474	2,465		19.2%
Dell Technologies	229	(5,356)		52	(1,286)		236	(1,215)		517	(7,857)		NM
Ametek	187	693		209	806		202	805		598	2,304		26.0%
Square Inc	2	(170)		4	(176)		4	(153)		10	(499)		NM
Global Payments	89	361		19	417		101	377		209	1,155		18.1%
Andeavor	231	1,277		869	2,630		286	1,464		1,386	5,371		25.8%
Snap Inc	0	(522)		1	(380)					1	(902)		NM
Lincoln National Corp	88	1,458		212	1,430		220	1,997		520	4,885		10.6%
Essex Property Trust	-	443		-	248		-	134		-	825		0.0%
Omnicom Group	727	1,842		697	1,779		739	1,810		2,163	5,431		39.8%
Mettler-Toledo	118	504		103	463		91	445		312	1,412		22.1%
Twitter	21	(441)		16	(533)		9	(578)		46	(1,552)		NM
Wynn Resorts Ltd	2	311		1	289		4	959		7	1,559		0.4%
Cintas	221	687		305	705		224	641		750	2,033		36.9%
FleetCor Technologies	219	643		143	536		103	513		465	1,692		27.5%
Vulcan Materials	94	547		89	328		74	299		257	1,174		21.9%
America Water Works	21	770		10	782		26	710		57	2,262		2.5%
Yum China Holdings	198	672		139	496		158	17		495	1,185		41.8%
Dr Pepper Snapple Group	405	1,283		391	1,184		328	1,073		1,124	3,540		31.8%
Liberty Broadband	2	1,476		(5)	(70)		1	(202)		(2)	1,204		-0.2%
Dentsply Sirona	120	441		50	330		64	404		234	1,175		19.9%
Realty Income	3	319		3	288		3	272		9	879		1.0%
Restaurant Brands Intl	164	1,200		195	674		77	(254)		436	1,620		26.9%
Waters Corp	77	600		66	542		58	491		201	1,633		12.3%
Verisk Analytics	199	654		196	684		184	563		579	1,901		30.5%
Entergy Corp	30	(1,382)		235	(800)		78	1,550		343	(632)		NM
Ameren Corp	(4)	1,041		(6)	948		(74)	970		(84)	2,959		-2.8%
Lab Corp of America	318	1,106		321	726		280	821		919	2,653		34.6%
First Data	119	741		108	(1,167)		100	(183)		327	(609)		NM
Apache Corp	391	(1,682)		435	(12,169)		1,281	(6,830)		2,107	(20,681)		NM
NetApp	66	665		229	345		156	713		451	1,723		26.2%
Motorola Solutions	69	844		114	917		92	(1,161)		275	600		45.8%
L3 Technologies	146	850		91	322		114	872		351	2,044		17.2%
First Republic Bank	79	828		118	691		153	670		350	2,189		16.0%
Markel Corp	106	630		163	742		32	440		301	1,812		16.6%
Maxim Integrated Products	116	680		111	285		121	246		348	1,211		28.7%
Albemarle	73	515		135	311		66	213		274	1,039		26.4%
Huntington Bancshares	43	920		152	914		185	853		380	2,687		14.1%
WestRock	179	858		198	245		78	734		455	1,837		24.8%
Newell Brands	252	815		141	338		50	462		443	1,615		27.4%
EQT	(83)	(395)		87	427		182	724		186	756		24.6%
Dover	246	689		207	801		337	1,094		790	2,584		30.6%
Total all 77	13,695	54,515		14,856	39,133		15,160	46,321		43,711	139,969		31.2%
Annual WW Income Tax Rate Paid	25.1%			38.0%			32.7%

Next up, the roughly 140 smaller US Companies with Stock Market Caps of $10-15 Bil.  This will take awhile, but the start so far shows that the Total Worldwide Consolidated Income Tax Rate Paid for them is also especially high.  The clear pattern is that as Stock Market Caps and the Related Earnings Decline, the Effective Income Tax Rate Paid Increases.  The smaller US Companies have no chance to compete against the very largest, most profitable US Companies.