Apple, Google, Amazon Pay Corporate Income Tax Well Below Official Rate

 

How much of your income went to taxes this year?

There’s a decent chance Apple Inc. paid a smaller share.

That’s the contention of a report released Tuesday from the Greenlining Institute, a research and public policy non-profit based in Berkeley, Calif. The report argues that Apple, which reported profit of $13 billion in its latest quarter, paid just 9.8 percent of its 2011 income in taxes. Apple, the world’s most valuable company, is one of many blue-chip tech companies whose 2011 federal income taxes checked in at something well below the marginal 35 percent corporate rate.

Apple, Google, Amazon Pay Corporate Income Tax Well Below Official Rate