What Do Corporations Pay in Taxes?

One of the primary features of the newly passed tax bill is that it lowers the corporate tax rate from the previous standard of 35 percent to just 21 percent. But most companies find enough deductions and benefits to effectively pay a lower marginal rate.

The MarketWatch website asked a good question: How much do America's largest corporations actually pay in taxes right now? It found the following effective annualized tax rates:

• Apple: 26.1 percent
• Microsoft: 23.8 percent
• Alphabet: 21.1 percent
• Amazon: 31.5 percent
• Facebook: 40.3 percent