Despite Huge Government Contracts, Boeing Paid No Federal Income Tax Last Year

http://www.legitgov.org/Despite-Huge-Government-Contracts-Boeing-Paid-No-Federal-Income-Tax-Last-Year

ShareThisDespite Huge Government Contracts, Boeing Paid No Federal Income Tax Last Year 20 Feb 2014 One of the largest recipients of federal government contracts paid nothing in taxes last year, according to an analysis from the Center for Effective Government, a left-leaning think tank. Boeing reported an $82 million tax refund last year, but made $5.9 billion in U.S. pre-tax profits during the same period, the analysis of the company’s recent government filings found. That means Boeing paid a federal tax rate of -1.4 percent. At the same time, the company won 4.4 percent of all federal contracts last year, according to the report.

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