Forbes: Top 100 S&P Companies Averaged 25% In Income Taxes Actually Paid
media mention“I spoke with two of the four experts that WalletHub consulted. Being accounting professors, they knew that the income tax expense on financial statements and the amount actually paid are ‘two very different things’. I also spoke with Matthew Gardner of the Institute on Taxation and Economic Policy. He summed up the problem pretty well. The ‘income tax expense’ is an easy number to find. In looking at the tax burden of a corporation, though, it is probably not the right number.”