Knowledge is protection when the IRS is involved. I'm Darrin Mish, a tax attorney in Tampa with 32 years of experience representing taxpayers nationwide. Here's what I want you to understand.
Today is tax day, the day you have to pay up your taxes to Uncle Sam. You might be feeling a little poorer now but if it’s any consolation, the taxes you pay is pittance compared to what some companies are forking out. These corporate giants are paying effective tax rates of above 60%. Who are these companies? Some of them are all too familiar to us – online auctioneer eBay, data center operator Equinix among others.
But the one that takes the cake is Anadarko Petroleum (APC). Believe it or not, the oil and gas explorer and producer paid a mind blowing 2,994% effective tax rate for 2014. How could a company pay so much in taxes, you might ask. Well, read on about the companies that paid the largest tax bills.
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