June 1, 2011 12:01 AM | Permalink | 
CTJ analyzes the pretax U.S. profits, federal taxes paid and effective tax rates of a dozen Fortune 500 companies over the 2008-10 period. From 2008 through 2010, these 12 companies reported $175 billion in pretax U.S. profits. But as a group, their federal income taxes were negative: –$2.4 billion.
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