Monday, November 15, 2021

Three Largest US Vehicle Leasing Companies (Ford, Honda and GM) Paid Only $459 Mil in US Federal Income Taxes on $19.444 Bil of US Pretax Income For an Effective Tax Rate of Only 2.4% in the Most Recent Four Years Combined

 From a review of their US Finance Subsidiaries' Income Tax and Segment Information footnotes included in their audited 10-K annual financial statement filings with the US SEC for each of the most recent four fiscal years (2017 through 2020), the chart below shows US Federal Current Income Tax Expense (Refunds) and the related US Pretax Income of each of the three most profitable US Vehicle Leasing Companies.