POST ANALYSIS OF DOW 30 FIRMS SHOWS DECLINING TAX BURDEN AS A SHARE OF PROFITS
Procter & Gamble is one of the big winners...P&G's federal tax burden in 1969 was 40 percent of its profits, a typical rate in those days.
More than four decades later, P&G is a very different company with operations that span the globe. It also reports paying a very different portion of its profits in federal taxes: 15 percent.
A Washington Post analysis of data from Capital IQ, a research firm, found that in the late l960s and early 1970s, companies listed on the Dow 30 routinely cited U.S. federal tax expenses that were 25 to 50 percent their worldwide profits. Now, most are reporting less than half that share.
-Wash Post, 03/26/13
"...the empty desks of 20 children marked absent today, and forever"
-Poet Richard Blanco at President Obama's Inauguration, 01/21/13
