Federal income tax paid by the largest public U.S. companies 2008-2014

The statistic shows the federal income tax paid by the 50 largest U.S. public companies between 2008 to 2014. During this time period, technology firm Apple paid 50.77 billion U.S. dollars as a federal income tax.

Federal income tax paid by the 50 largest public U.S. companies between 2008 to 2014 (in million U.S. dollars)

Characteristic	Income tax paid in million U.S. dollars
Apple	50,771
Wal-Mart Stores	36,898
Berkshire Hathaway	32,065
JPMorgan Chase	24,862
Microsoft	24,143
Wells Fargo	23,931
Intel	19,792
AT&T	18,671
UnitedHealth Group	18,145
Comcast	16,811
CVS Health	14,720
Exxon Mobil	14,037
Walt Disney	13,983
Johnson & Johnson	13,431
Goldman Sachs	13,382
Chevron	13,164
Home Depot	13,156
Alphabet (Google)	12,782.62
Procter & Gamble	12,250
Merck	11,306.4
Oracle	10,734
IBM	9,993
ConocoPhillips	9,864
American Express	9,423
Pfizer	9,234
US Bancorp	8,964
Boeing	8,572
Cisco Systems	8,232
Capital One Financial	8,014.36
PepsiCo	7,577
Phillips 66*	7,197
Coca-Cola	6,766
Hewlett-Packard	3,420
Honeywell International	3,342
Twenty-First Century Fox, Inc.	2,814
United Technologies	2,733
Amgen	2,633
Qualcomm	1,969
Verizon Communications	1,925
Prudential Financial	406
MetLife	114
Dow Chemical	-57
Caterpillar	-71
Morgan Stanley	-179
General Electric	-5,183
Bank of America	-7,050
Ford Motor	-7,109
American International Group (AIG)	-28,199
General Motors **	-30,050
Citigroup	-32,246

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Release date

April 2016

More information

Region

United States

Survey time period

2008-2014

Special properties

Public companies

Supplementary notes

* Financial information for Phillips 66 is aggregated from 2010 to 2014, not 2008 to 2014, because Phillips 66 was not spun-off from ConocoPhillips until 2012.
** According to source, General Motors filed for bankruptcy in June 2009 and was reorganized as a new entity with GM’s continuing operations, assets and trademarks in July 2009. General Motor’s 2009 earnings, as reported on its financial statements, include $128 billion in debt cancellation income (“Reorganization Gains”) that arose from the bankruptcy.

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