Here's something to noodle as you work on that federal tax return.
Cincinnati companies are not equal when it comes to paying taxes.
WCPO asked S&P Capital IQ to pull the “cash for taxes paid” numbers on every Cincinnati-based public company for a five-year period ending in 2012.
As a group, Cincinnati companies paid $27.7 billion in taxes in the five years ending in 2012, compared to pretax earnings of $94.3 billion. The cash tax rate of all 33 companies combined is 29.4 percent.
Cincinnati Bell Inc., Air Transport Services Group Inc. and Convergys Corp. have the lowest cash tax rates among Cincinnati companies. Ashland Inc., Macy’s Inc. and Hill-Rom Holdings Inc. and rank at among the highest.
Become a WCPO Insider to see what local companies paid in taxes and what those with the lowest tax rates say about it.
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