REPORT: GE pays lowest corporate tax rate, Caterpillar pays the highest

With President Donald Trump wanting to slash the corporate tax rate to 20 percent, the personal finance website WalletHub released the Corporate Tax Rate Report.

The report takes a look at the 2016 tax rates at the global, federal and state level of some the biggest corporations in the United States today.

Here are the lowest:

1. General Electric (-5.1 percent)
2. Exxon Mobil Corp. (-5.1 percent)
3. Dow Chemical (0.2 percent).
4. International Business Machines Corp. (3.6 percent)
5. Mondelez International Inc. (8.9 percent)
6. Boeing Co. (12.1 percent)
7. Pfizer Inc. (13.4 percent)
8. PayPal Holdings Inc. (14.1 percent)
9. Microsoft Corp. (15 percent)
10. Merck & Co. (15.4 percent)

Here are the highest:

1. Caterpillar Inc. (138.1 percent)
2. Kinder Morgan Inc. (56.0 percent)
3. Lowe’s Cos. (40.5 percent)
4. UnitedHealth Group Inc. (40.4 percent)
5. CVS Health Corp. (38.4 percent)
6. Exelon Corp. (38.3 percent)
7. Union Pacific Corp. (37.4 percent )
8. Comcast Corp. (37.0 percent)
9. Amazon.com Inc. (36.6 percent)
10. The Home Depot Inc. (36.3 percent)

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