Major Companies That Weren’t Taxed Under America’s New Law

By Shannon
Major Companies That Weren’t Taxed Under America’s New Law

When Donald Trump became the President of the United States, he enacted the Tax Cuts and Jobs Act (TCJA). And it’s undoubtedly helped the biggest companies in spades.

After filing their 2018 taxes, a whopping 60 companies out of the famous “Fortune 500” paid $0 in taxes. That’s despite the fact they’re well-known for bringing in billions of dollars each year. The Institute on Taxation and Economic Policy published this report showing all of the following data.

According to Yahoo Finance, there’s been no evidence that these tax cuts have resulted in any wage increases or really anything that may help employees of these companies. With laws like these, it really only helps the top 1% – the rich keep getting richer. Here are the companies that benefited the most from the new legal changes made by the Trump Administration.

The Activision Blizzard headquarters. Credit: Wikimedia Commons

60. Activision Blizzard

This video game company is better known as simply “Blizzard.” They’re famous for World of Warcraft, Call of Duty, and Diablo. The company was raking in over $1 billion per quarter in 2018. Despite all of the tax cuts they were able to get out of the new laws, Blizzard still chose to lay off 8% of their workforce.

Blizzard sells games that people can play online with their friends. Credit: Shutterstock

With all of the new tax cuts they’re able to enjoy from Trump’s new laws, here’s how much they reported out of over $4 billion in revenue.

Income: $447

Federal Tax: $-228

Effective Tax Rate: -51%

The AECOM Technology Headquarters. Credit: Wikimedia Commons

59. AECOM Technology

AECOM is an engineering firm that has over 87,000 employees. They design and build infrastructure in over 150 countries like skyscrapers, stadiums, bridges, tunnels, energy plants, and more. In 2019, they scored the 157th spot in the Fortune 500.

One of the bridges created by AECOM. Credit: AECOM Engineering

According to their records, the company reported $18 billion in revenue in 2017 and did just as well in 2018. Despite being such a worldwide powerhouse, it was still able to report the following on their taxes.

Income: $238

Federal Tax: $-122

Effective Tax Rate: -51%

The Alaska Airlines headquarters. Credit: Wikimedia Commons

58. Alaska Air Group

Alaska Airlines is the fifth-largest airline in the country. The company was founded in the 1930s and it currently has over 21,000 employees.

An Alaska Airlines plane. Credit: Shutterstock

Alaska Airlines reported $8.3 billion in revenue for 2018. But with Trump’s new tax law, they were able to report the following on their taxes.

Income: $576

Federal Tax: $-5

Effective Tax Rate: -1%

Amazon is one of the most powerful companies in the world. Credit: Shutterstock

57. Amazon

We all know that Amazon is one of the biggest companies in the world. The CEO, Jeff Bezos, is also considered to be the richest man on the planet and is worth $108 billion. The company itself reported bringing in over $70 billion in revenue just in the fourth quarter of 2018 alone. They surely do not need any help with tax breaks because they only continue to grow larger and more powerful with each passing day.

Amazon is sending millions of packages per day. Credit: Shutterstock

After Trump’s new tax laws, this is how much Amazon.com was able to report on its 2018 taxes.

Income: $10,835

Federal Tax: $-129

Effective Tax Rate: -1%

Employees of Ameren repairing a gas line. Credit: Biz Journal

56. Ameren

Founded in 1997, Ameren is a power company that has only existed for a couple of decades, but it already found its way to a place in the Fortune 500. They service nearly 3 million customers for both electricity and gas.

Ameren employees repairing electric wires. Credit: Wikimedia Commons

Even though Ameren serves so many customers across the US, they were still able to benefit from Trump’s tax cuts to a real extreme. Here is what they were able to report.

Income: $1,035

Federal Tax: $-10

Effective Tax Rate: -1%

American Electric Power website. Credit: Shutterstock

55. American Electric Power

The American Electric Power Company serves over 5 million customers across 11 states. They rank number 185 in the Fortune 500 and have been growing since 1906. American Electric has several subsidiaries, like AEP Ohio, Appalachian Power, and many more.

Employees working for American Electric Power. Credit: Shutterstock

At the end of 2018, the net income of American Electric Power was $1.92 billion. This is how much they got away with reporting on their taxes.

Income: $1,943

Federal Tax: $-32

Effective Tax Rate: -2%

An Aramark truck making a delivery. Credit: Shutterstock

54. Aramark

You may have seen Aramark trucks driving around, and it may be confusing to pinpoint what they actually do. The company delivers food, uniforms, and also provides services to companies. Typically, you’ll see Aramark servicing schools, corrections facilities, and other government organizations. Believe it or not, they have even spread to an additional 20 countries besides the US.

 

One of the Aramark offices. Credit: Shutterstock

Aramark made $14.6 billion in revenue in 2018, and this is what they reported on their taxes.

Income: $315

Federal Tax: $-48

Effective Tax Rate: -15%

The Arrow Electronics headquarters is located in Colorado. Credit: BizJournal.com

53. Arrow Electronics

You may not have heard of Arrow Electronics before, but they sit comfortably at number 109 in the Fortune 500 companies. They specialize in creating electronic components for computer systems as well as drones and other machinery.

Arrow Electronics has been around since the 1930s, and they keep growing. Credit: Channel Life

Out of the multiple billions of dollars in revenue they brought in during 2018, here is how much they reported on their taxes:

Income: $167

Federal Tax: $-12

Effective Tax Rate: -7%

The Arthur Gallagher headquarters is located in Illinois. Credit: Fortune

52. Arthur Gallagher

Arthur Gallagher is an insurance and risk management brokerage was was established in 1927 just outside of Chicago. The company only just made its way to the Fortune 500 in 2017.

Gallagher specializes in insurance. Credit: Shutterstock

According to Business Insider, the company is continuing to grow every year and reported over $1 billion in each quarter.

Income: $322

Federal Tax: Not given

Effective Tax Rate: Not given

51. Atmos Energy

Atmos is one of the largest distributors of natural gas in the United States. They service over 3 million customers in the Blue Ridge Mountain area. They have over 4,000 employees. According to Owler, Atmos has $2.9 billion per year in revenue.

Natural gas line meters. Credit: Shutterstock

Despite bringing billions of dollars per year, these are the numbers they were able to report on their 2018 taxes.

Income: $600

Federal Tax: $-10

Effective Tax Rate: 2%

Avis Budget Group is the parent corporation of several car rental companies. Credit: Shutterstock

50. Avis Budget Group

If the name sounds familiar, you may or may not know that Avis Budget Group is the parent company of several car rental companies. This includes Avis, Budget, Payless, Zipcar, and more. They’re so prominent in the vehicle industry that their stock is even called “CAR” on the NASDAQ. According to their fourth-quarter report for 2018, the company grew by 3%, and they had over $9 billion in revenue.

Many people rent a car when they arrive at their destination. Credit: Shutterstock

Under Trump’s new law, they were able to report the following for their 2018 income taxes.

Income: $78

Federal Tax: $-7

Effective Tax Rate: -9%

Celanese specializes in creating chemical materials. Credit: Shutterstock

49. Celanese

Technology and materials company Celanese has its headquarters located in Irving, Texas. They’re the world’s largest producer of a material called vinyl acetate monomer. The company has been involved in several class-action lawsuits where they were caught dumping toxic chemicals.

The Celanese website. Credit: Shutterstock

Despite this bad press, they were still able to maintain their spot in the Fortune 500 and bring in $6.14 billion in 2018.

Income: $480

Federal Tax: $-142

Effective Tax Rate: -30%

The Chevron offices in New York City. Credit: Shutterstock

48. Chevron

Chevron is an oil company that is located in 180 companies. They’re so wealthy and powerful they rank near the top of the Fortune 500 at number 13.

Chevron gas station. Credit: Shutterstock

The total revenue of 2018 was a whopping $158 billion. This is what they paid in taxes under Trump’s new law.

Income: $4,547

Federal Tax: $-181

Effective Tax Rate: -4%

The inside of the Cliffs offices. Credit: Vocon.com

47. Cliffs Natural Resources

Cliffs Natural Resources specializes in manufacturing steel and iron ore. According to Owler, the company brought in $2.3 billion in revenue in 2018.

Iron ore manufacturing. Credit: Shutterstock

Even though they raked in billions, this is what they got to pay in taxes.

Income: $565

Federal Tax: $-1

Effective Tax Rate: 0%

The CMS Energy website. Credit: Shutterstock

46. CMS Energy

Based in Jackson, Michigan, CMS Energy services 6 out of 10 million customers in the state. Back in 2011, The International Business Times revealed that CMS Energy was spending millions of dollars in political lobbying. They also continue to increase the paychecks for the top 5 executives. For example, in 2010 alone, the top 5 members of the company were paid over $900 million. Yet again, they’ve been able to enjoy tax cuts along with other lucky members of the 1%.

The CMS Energy building. Credit: Wikimedia Commons

CMS Energy ranks at number 440 in the Fortune 500, and yet they were still able to pay $0 in taxes.

Income: $774

Federal Tax: $-67

Effective Tax Rate: -9%

Outside of a John Deere tractor store. Credit: Shutterstock

45. Deere & Company

Everyone knows about John Deere, especially if they live in a farming community. Nearly every farm in the country owns one of their tractors, and their products have amassed a fortune. In 2019, they reached the rank of 87 on the Fortune 500 list.

The John Deere logo. Credit: Shutterstock

In 2018, Deere reported earning a whopping $37.36 billion in revenue that year, and yet they reported the following income.

Income: $2,152

Federal Tax: $-268

Effective Tax Rate: -12%

Delta Airlines is one of the biggest transportation companies in the US. Credit: Shutterstock

44. Delta Airlines

Delta Airlines is considered to be one of the biggest airlines in the world. They are ranked number 69 on the Fortune 500. They brought in an amazing $44.44 billion in 2018 alone.

Delta Airlines is very popular among American frequent flyers. Credit: Shutterstock

Despite having so much success in 2018, they were able to get away with reporting the following on their taxes.

Income: $5,073

Federal Tax: $-187

Effective Tax Rate: -4%

Devon Energy is located in Oklahoma City, OK. Credit: Shutterstock

43. Devon Energy

Coming in at number 297 in the Fortune 500, Devon Energy is an oil company located in Oklahoma City, Oklahoma. They have spent billions of dollars acquiring smaller oil companies over the years and only grow more powerful as time goes on.

The Devon Energy Tower. Credit: Shutterstock

According to the official Devon Energy website, they earned $2.2 billion in 2018, but this is what they reported on their taxes.

Income: $1,297

Federal Tax: $-14

Effective Tax Rate: -1%

Dominion’s Chesterfield Power Station. Credit: Wikimedia Commons

42. Dominion Energy Resources

Dominion Energy creates both electricity and natural gas for its customers. They serve over 5 million customers in the midwestern United States.

The Brayton Point Power Station in Massachusettes. Credit: Wikimedia Commons

Dominion Energy ranks at number 238 in the Fortune 500, and they bring in over $3 billion a year.

Income: $3,021

Federal Tax: $-45

Effective Tax Rate: -1%

The DTE Energy building. Credit: Wikimedia Commons

41. DTE Energy

Based out of Detroit, DTE Energy brings power to people in Michigan. It is currently number 220 on the Fortune 500. They have earned just over $1 billion in 2018. While this may be small compared to some of the other companies on this list, it still makes them a massive and powerful corporation.

One of the DTE Energy plants. Credit: Wikimedia Commons

Here is what DTE reported on their 2018 taxes.

Income: $1,215

Federal Tax: $-17

Effective Tax Rate: -1%

The Duke Energy sign. Credit: Wikimedia Commons

40. Duke Energy

Located in North Carolina, Duke Energy provides electricity and oil to over 7 million customers. In 2006, they also began to build a nuclear power plant. They have 29,000 employees throughout the United States.

The Duke Energy Field Services, at their East Texas Plant. Credit: Wikimedia Commons

Their annual revenue is estimated to be over $23.5 billion, which is over a billion dollars more than they were earning just two years prior. The company continues to grow in profit, and yet it was able to enjoy the following tax breaks.

Income: $3,029

Federal Tax: $-647

Effective Tax Rate: -21%

One of the Eli Lilly research laboratories. Credit: Shutterstock

39. Eli Lilly

Eli Lilly is a pharmaceutical company that is located in Illinois. Their business had spread to have offices in 18 countries around the world, and their products are sold in 125 nations. They are number 123 on the Fortune 500 list. According to MacroTrends, their revenue for 2018 was $24.5 billion.

The Eli Lilly website. Credit: Shutterstock

Despite having so much money coming in from all over the world, they were still able to get away without paying any taxes.

Income: $598

Federal Tax: $-54

Effective Tax Rate: -9%

The EOG Resources Corpus Cristi Division. Credit: Wikimedia Commons

38. EOG Resources

EOG Resources is a natural gas company that is ranked 181 in the Fortune 500. In 2018, the company brought in $17.27 billion dollars.

The EOG Resources website. Credit: Shutterstock

Here is what they actually paid in taxes:

Income: $4,067

Federal Tax: $-304

Effective Tax Rate: -7%

The FirstEnergy building in Akron, Ohio. Credit: Wikimedia Commons

37. FirstEnergy

FirstEnergy gives energy to the Mid-Atlantic region of the United States. They reached number 263 in the Fortune 500.

The First Energy Stadium in Cleveland, Ohio. Credit: Shutterstock

In 2018, FirstEnergy brought in $14.56 billion in revenue. And yet they only had to pay the following on their taxes.

Income: $1,495

Federal Tax: $-16

Effective Tax Rate: -1%

The Gannett Headquarters in Virginia. Credit: Wikimedia Commons

36. Gannett

Gannett is a publishing company that has several famous publications including USA Today. They’re not actually on the Fortune 500, attaining the rank of 778.

The Gannett publishing sign. Credit: Shutterstock

Their total annual revenue in 2018 was $2.92 billion.

Income: $7

Federal Tax: $-11

Effective Tax Rate: -164%

General Motors building in downtown Detroit. Credit: Shutterstock

35. General Motors

Nearly everyone knows the story of Detroit and the rise and fall of General Motors. For years, GM was bringing jobs to Michigan, but that all ended in 2009 when they declared bankruptcy and received a bailout from the US government that cost between $11 to $12 billion. The city has since slipped into ruin, with houses dropping down to just $1 at one point in time. Today, the company has sent its production to China and Mexico in order to save money. Despite all of its setbacks, the company has been able to bounce back and is number 65 on the Fortune 500.

The General Motors headquarters in Detroit, MI. Credit: Shutterstock

In 2018, the company that once claimed it could no longer afford to give jobs to Americans made $147 billion for the year. Here is how much they paid in taxes.

Income: $4,320

Federal Tax: $-104

Effective Tax Rate: -2%

Goodyear sign. Credit: Shutterstock

34. Goodyear Tire & Rubber

Goodyear Tires is number 203 on the Fortune 500 list. They have been making tires in the United States since 1898, and have settled comfortably into the top four tire companies.

Good Year Tires. Credit: Shutterstock

According to Owler, Goodyear’s annual revenue is $15 billion. Apparently, their sales have gone down in the previous year, so they just may need a tax break in order to survive.

Income: $440

Federal Tax: $-15

Effective Tax Rate: -3%

The Halliburton headquarters. Credit: Shutterstock

33. Halliburton

You may have heard of Halliburton before because it’s the famous oil field service company that exists in 70 countries. They are currently ranked at 127 in the Fortune 500. According to Chron, Halliburton reported bringing in $24 billion in revenue, and $1 billion of that was profit.

A Hailliburton truck. Credit: Shutterstock

Even though this billion-dollar profit was made clear to everyone, Trump’s tax law still helped them get away with not paying any taxes at all.

Income: $1,082

Federal Tax: $-19

Effective Tax Rate: -2%

Honeywell headquarters in Prague, Czech Republic. Credit: Shutterstock

32. Honeywell International

Honeywell specializes in aerospace and engineering services. They are number 77 in the Fortune 100, making them one of the most powerful companies in the United States. According to PR News Wire, their total revenue for 2018 gave them a great momentum or the future, and they expect to bring in roughly $36 billion in 2019.

Honeywell headquarters in New Jersey. Credit: Shutterstock

Even though their revenue was in the tens of billions, they were still able to report revenue that looks similar to a high schooler working part-time at McDonald’s.

Income: $2,830

Federal Tax: $-21

Effective Tax Rate: -1%

One of the IBM buildings. Credit: Shutterstock

31. IBM

Nearly everyone has heard of the tech company IBM, which stands for “International Business Machine.” The very first Fortune 500 list was created in 1955, and IBM has been there since the beginning. Technically, they belong in the more prestigious Fortune 100 because their rank is currently 38. In 2018, they brought in $79.6 billion in revenue.

A large IBM billboard sitting on top of a building. Credit: Shutterstock

So how much did this powerful company pay in taxes?

Income: $500

Federal Tax: $-342

Effective Tax Rate: -68%

One of the JetBlue airplanes. Credit: Shutterstock

30. JetBlue Airways

JetBlue is an American airline that is famous for giving affordable flights to both domestic and international destinations. They are a relatively new company and stand at number 399 in the Fortune 500. According to Forbes, JetBlue brought in $487 million. Compared to the other companies on this list that are bringing in billions, JetBlue seems small by comparison. But their company keeps getting better every year.

The JetBlue gate in an airport. Credit: Shutterstock

Here is what they actually paid in taxes out of the millions the company earned.

Income: $219

Federal Tax: $-60

Effective Tax Rate: -27%

The Kinder Morgan sign. Credit: Wikimedia Commons

29. Kinder Morgan

Kinder Morgan is an energy infrastructure company located in Texas that controls a lot of oil pipelines across 85,000 miles. They are ranked number 224 in the Fortune 500. Their revenue was reported to be $13.7 billion for the year.

The Kinder Morgan website. Credit: Shutterstock

Despite bringing in tens of billions of dollars for the year, this is what their 2018 taxes looked like.

Income: $1,784

Federal Tax: $-22

Effective Tax Rate: -1%

The MDU Resources website. Credit: Shutterstock

28. MDU Resources

MDU Resources is a natural gas and electricity company that specializes in transporting construction materials to build its energy resources. They are not a part of the Fortune 500, as their rank is 570.

Gas pressure meters. Credit: Shutterstock

According to MacroTrends, their 2018 revenue was $4.5 billion. Here’s what they actually reported.

Income: $314

Federal Tax: $-16

Effective Tax Rate: -5%

MGM Resorts International offices in Las Vegas. Credit: Shutterstock

27. MGM Resorts International

Coming in at number 266 on the Fortune 500, MGM Resorts is famous for creating casinos and hotels in both the US and China. In 2018, they decided to start a new “revenue recognition standard,” which may or may not be a coincidence that this is coming about during the changes in tax law. They reported earning around $3 billion in 2018.

MGM Grand in Las Vegas. Credit: Shutterstock

This is what they reported on their taxes.

Income: $648

Federal Tax: $-12

Effective Tax Rate: -2%

The Molson Coors Brewing Company. Credit: Shutterstock

26. Molson Coors Brewing Company

Everyone who lives in the United States has heard of Coors beer. They are 56 in the Fortune 500. Their annual revenue was reported to be $1.1 billion of new income in 2018.

Coors on the beach. Credit: Shutterstock

Even though Coors is one of the biggest brands in the United States, they still didn’t have to pay anything on their 2018 taxes.

Income: $1,325

Federal Tax: $-23

Effective Tax Rate: -2%

Netflix headquarters in Los Gatos, California. Credit: Shutterstock

25. Netflix

Netflix has become one of the fastest-growing digital services in the world, and it’s singlehandedly responsible for the downfall of DVD rental stores like Blockbuster. In 2019, Netflix made its way to number 197 of the Fortune 500. In 2018, the company brought in an impressive $15.79 billion.

A lot of people have canceled their TV subscriptions in favor of Netflix. Credit: Shutterstock

Even though the company continues to grow every year, they hardly had to pay anything in taxes.

Income: $856

Federal Tax: $-22

Effective Tax Rate: -3%

The Occidental Petroleum website. Credit: Shutterstock

24. Occidental Petroleum

Ranking number 167 in the Fortune 500, Occidental Petroleum reported a net income of $4 billion for 2018.

An oil pump in the middle of a field. Credit: Shutterstock

Through the new tax law, they were able to get away with reporting the following on their taxes.

Income: $3,379

Federal Tax: $-23

Effective Tax Rate: -1%

The Owens Corning headquarters. Credit: Wikimedia Commons

23. Owens Corning

Owens Corning produces roofing materials and glass. They’ve been on the Fortune 500 every single year since the list was first created in 1955. According to the business’s official website, its 2018 revenue was $545 million.

The Owens Corning logo. Credit: Shutterstock

This is what they reported on their taxes for 2018.

Income: $405

Federal Tax: $-10

Effective Tax Rate: -2%

The yellow Penske trucks. Credit: Shutterstock

22. Penske Automotive Group

Penske is a transportation service company. You’ve probably seen their yellow trucks driving down the highway. They are ranked number 132 on the Fortune 500 and have been on the list for years. They brought in $8.6 billion of revenue for 2018.

A lot of people use Penske trucks to help them move. Credit: Shutterstock

This is how much Penske had to dish out on their taxes.

Income: $393

Federal Tax: $-16

Effective Tax Rate: -4%

Performance Food Group delivers food all over the US. Credit: Fortune

21. Performance Food Group

As the name suggests, Performance Food Group sells food products throughout the United States. They are ranked 176 on the Fortune 500, and according to Market Watch, they brought in $17.62 billion in 2018.

Performance Food Group truck. Credit: FoodBev.com

This is how much they paid in taxes:

Income: $-16

Federal Tax: -$9

Effective Tax Rate: -4%

The Pioneer Natural Resource Big Lake Field Office Credit: The Street

20. Pioneer Natural Resources

Pioneer Natural Resources is an oil company that has its headquarters in Texas, but they also pump overseas. They brought in $9.4 billion in 2018. They were just barely on the Fortune 500 with a previous rank of 497 in 2017 but jumped to 333 in 2018.

An oil rig pump. Credit: Shutterstock

We all know that the oil companies bring in some of the most profits of any type of business, and yet this is what they were able to report.

Income: $1,249

Federal Tax: Not given

Effective Tax Rate: Not given

One of the Pitney Bowes headquarters. Credit: Shutterstock

19. Pitney Bowes

If you have ever worked in a corporate office environment, you’ve probably heard of Pitney Bowes. They sell office supplies, furniture, and more. They aren’t on the Fortune 500, hitting rank 659. But they are still doing well with $3.4 billion in revenue.

The Pitney Bowes logo. Credit: Shutterstock

The office space billionaires only had to pay the following on their taxes.

Income: $125

Federal Tax: $-50

Effective Tax Rate: -40%

The PPL Building in Allentown, PA. Credit: Wikimedia Commons

18. PPL

PPL is an energy company based out of Allentown, Pennsylvania. They’re ranked number 392 in the Fortune 500, and $1.83 billion came in as their revenue in 2018.

Electric workers fixing a power line. Credit: Shutterstock

Drumroll, please…

Income: $1,110

Federal Tax: $-19

Effective Tax Rate: -2%

The Principal logo on their website. Credit: Shutterstock

17. Principal Financial

As the name suggests, Principal Financial is an investment management company that also provides health and life insurance policies to their customers. They’re ranked at number 219 in the Fortune 500 and reported annual revenue of over $14 billion according to Macrotrends.

The Principal Financial headquarters. Credit: Wikimedia Commons

This is how much they reported on their income taxes.

Income: $1,641

Federal Tax: $-49

Effective Tax Rate: -3%

The Prudential Financial headquarters. Credit: Shutterstock

16. Prudential Financial

Prudential is a powerful insurance company based out of Newark, New Jersey. They rank at number 50 in the Fortune 500 and brought in nearly $63 billion according to Macrotrends. This was actually a huge boost compared to previous years, so the company is doing just fine, even without help from the new tax breaks.

The Prudential Financial logo. Credit: Shutterstock

With the new law’s help, Prudential was able to report the following numbers on their taxes.

Income: $1,440

Federal Tax: $-346

Effective Tax Rate: -24%

A PSEG truck. Credit: Shutterstock

15. Public Service Enterprise Group (PSEG)

The Public Service Enterprise Group is better known as PSEG. They’re number 323 in the Fortune 500 and have been on the list for 25 years running. With over 13,000 employees, PSEG provides electricity to the East Coast of the United States.

PSEG employees repairing electrical wires. Credit: Shutterstock

According to their corporate website, their total assets for 2018 were nearly $46 billion. Here’s what they reported on their taxes.

Income: $1,772

Federal Tax: $-97

Effective Tax Rate: -5%

The PulteGroup logo. Credit: Shutterstock

14. PulteGroup

The PulteGroup is a home construction company based out of Atlanta, Georgia. According to MacroTrends, their revenue was just north of $10 billion, which gave them 18% growth from the previous year.

Construction workers building a house. Credit: Shutterstock

Here are the numbers the PulteGroup was able to report on their 2018 taxes.

Income: $1,340

Federal Tax: $-44

Effective Tax Rate: -3%

The Realogy headquarters. Credit: Shutterstock

13. Realogy

In case you’ve never heard of them, Realogy Holdings owns many real estate brokerage firms like Coldwell Banker, Century 21, Sotheby’s, and more. It was ranked number 478 in the Fortune 500. Their total 2018 revenue for Realogy was $5.8 billion.

The Realogy logo. Credit: Shutterstock

Even though they are a major powerhouse in the world of real estate, this is all they had to pay on their taxes.

Income: $199

Federal Tax: $-13

Effective Tax Rate: -7%

The Rockwell Collins headquarters. Credit: Wikimedia Commons

12. Rockwell Collins

Rockwell Collins specializes in avionic and technology and are ranked 350 in the Fortune 500. They earned a total revenue of $6.8 billion in 2018.

The Rockwell Collins logo. Credit: Shutterstock

Here is the amount they reported on their taxes:

Income: $719

Federal Tax: $-16

Effective Tax Rate: -2%

The Ryder logo. Credit: Shutterstock

11. Ryder System

You’ve probably seen Ryder trucks driving around on the highway. The truck leasing company has been around since 1933 and claims to specialize in “fleet management.” Their rank on the Fortune 500 is 363.

A Ryder truck spotted on the road. Credit: Shutterstock

In 2018, they reported revenue of $8.4 billion, and yet this is what ended up on their taxes.

Income: $350

Federal Tax: $-23

Effective Tax Rate: -7%

The Salesforce building in San Francisco. Credit: Shutterstock

10. Salesforce.com

As the name suggests, Salesforce.com specializes in customer relationship management tools. At the moment, they were ranked at number 285 in the Fortune 500, and have been climbing in rank for the past four years. While it may or may not surprise you, the digital service provider earned $13.28 billion in 2018.

The salesforce logo. Credit: Shutterstock

This is what their 2018 taxes looked like.

Income: $800

Federal Tax: Not given

Effective Tax Rate: Not given

The SpartanNash Headquarters. Credit: GI Jobs

9. SpartanNash

SpartanNash is a grocery distributor from Michigan. If you live in the United States, you may have seen their trucks driving on the highways carrying freight of food and other goods. They’re ranked number 377 in the Fortune 500. The actual numbers for how much SpartanNash earned in 2018 vary depending on the reports. However, they made roughly $6 billion per quarter, adding up to over $24 billion for the year.

SpartanNash distributes groceries in the United States. Credit: Shutterstock

Here is how much they were able to get away with reporting, thanks to the new tax laws set in place.

Income: $40

Federal Tax: -$2

Effective Tax Rate: -4%

The SPX Corporation Headquarters. Credit: Glassdoor

8. SPX

SPX supplies 15 countries with infrastructure necessary for HVAC (heating, ventilation, and cooling.) They’re ranked number 431 in the Fortune 500 and reported $1.5 billion dollars in revenue in 2018.

The SPX Corporation specializes in manufacturing HVAC materials. Credit: Yahoo

Despite making over a billion dollars, this is what they were able to report on their 2018 taxes.

Income: $66

Federal Tax: $-5

Effective Tax Rate: -8%

The Tech Data Headquarters. Credit: Wikimedia Commons

7. Tech Data

Tech Data is a technology company that operates in over 100 countries. They provide many different different services that are all technical in nature. They’re ranked number 88 in the Fortune 500.

IT consultants. Credit: Shutterstock

In 2018, Tech Data brought in $36.7 billion in revenue for the year. But here is what they actually reported on their taxes.

Income: $203

Federal Tax: $-10

Effective Tax Rate: -5%

Oil tanks on a train for Trinity Industries. Credit: Trinity Industries

6. Trinity Industries

Trinity Industries is ranked number 433 in the Fortune 500. They were originally founded as a steel and engineering firm but currently specialize in transporting construction materials, oil, and other resources. Their revenue was $4.4 billion in 2018.

The Trinity Industries headquarters. Credit: ABC News

This is how much Trinity Industries paid on their taxes.

Income: $138

Federal Tax: $-19

Effective Tax Rate: -14%

The UGI Corporation. Credit: Shutterstock

5. UGI Utilities

UGI is a natural gas and electric company that is located in King of Prussia, Pennsylvania. They’ve been around since the 1800s, so they’ve provided energy to the East Coast of the US for many years. In 2018, they earned over $7.6 billion in revenue.

Natural gas provides heat to homes everywhere. Credit: Shutterstock

Here is how much they were able to report on their taxes under Trump’s new law.

Income: $550

Federal Tax: $-3

Effective Tax Rate: 0%

The USS “BOP” shop, circa the 1990s. Credit: Wikimedia Commons

4. United States Steel

Located in Pittsburgh, Pennsylvania, US Steel is the 24th-largest steel manufacturing company in the United States. They’re ranked number 176 in the Fortune 500. In 2018, they earned $12.25 billion in revenue for the year.

The US Steel Building in New York City. Credit: Shutterstock

Despite being such a successful company, they didn’t have to pay for their taxes in 2018.

Income: $432

Federal Tax: $-40

Effective Tax Rate: -9%

Whirlpool corporation has locations all over the world. Credit: Shutterstock

3. Whirlpool

Well-known company Whirlpool is famous for selling appliances all over the world. They have 92,000 employees, and they have 70 research and manufacturing centers across the globe. They’ve been estimated to have an average of $21 billion in annual sales.

The Whirlpool offices in Michigan. Credit: Wikimedia Commons

Even though the company is raking in billions every year, here is what they paid in their 2018 taxes.

Income: $717

Federal Tax: $-70

Effective Tax Rate: -10%

The WEC headquarters in Milwaukee. Credit: Wikimedia Commons

2. Wisconsin Energy, a.k.a. The WEC Group

The WEC Group provides energy via electricity and natural gas to over four million customers in Wisconsin. They’ve been merging and purchasing smaller energy companies to continue to grow larger and more powerful. According to Macro Trends, The WEC Group was able to earn $7.7 billion in revenue in 2018.

WEC Group provides natural gas. Credit: Shutterstock

This is how much they reported on their taxes under Trump’s new plan.

Income: $1,139

Federal Tax: $-218

Effective Tax Rate: -19%

Xcel Energy plant in Wisconsin before they went green. Credit: Wikimedia Commons

1. Xcel Energy

For years, Xcel Energy provided natural gas to customers. But in 2018, they announced that they would only provide clean energy to customers through wind farms and solar panels. This makes them the very first major utility company to make a promise to cut down emissions by such at large rate. At least this company is making the right steps towards helping the environment, and the money they are saving in taxes just might help save the planet.

Xcel Energy specializes in solar and wind power. Credit: Shutterstock

Xcel Energy nets just over $1 billion income each year. Here’s what they paid in taxes.

Income: $1,434

Federal Tax: $-34

Effective Tax Rate: -2%

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