PayUpNow has new boycott, corporate tax info .. RAH!!

Pay Up Now is an online effort by US Uncut Chicago members to boycott corporations that pay little or no federal income tax.

Every effort has been made to provide truthful, documented information. Inaccuracies can be reported to contact@PayUpNow@gmail.com.  Use that email address to make suggestions or offer help.  Great going, Uncutters!  Magnificient work!!

Corporate Tax Compliance Rankings Summary

PayUpNow.org is evaluating the 10-Ks (financial summaries submitted by corporations to the SEC) and other documents to determine the tax avoidance levels of Fortune 500 companies, especially those familiar to American consumers. One of our objectives is to make recommendations to shoppers about purchase options that favor tax-responsible corporations. 

Evaluating 10-Ks is not an easy task. Variations , amendments, and financial jargon abound amidst the everpresent hint of accounting legerdemain. With due care we took revenues and pre-tax incomes for five years, and chose current federal tax payments to the exclusion of deferred and foreign and state taxes over the same period. We organized the results by industry in order to identify relative tax avoiders in specific consumer areas. 

Results in these industries stood out: 

-- Beverage: Coca Cola paid a much smaller percentage (6.5%) than Pepsi (13.6%). Both were significantly below the maximum statutory rate of 35%.

-- Computers: Hewlett-Packard (2.9%) and IBM (3.3%) both paid much less than the industry average of about 20%.

-- Finance: Citigroup, with revenues of almost $400 billion, claimed an overall 5-year loss and received a $5 billion refund. PNC and Wells Fargo both paid about 9%, much less than the other major banks.

-- Telecommunications: Verizon (8.8%) paid a much smaller percentage than AT&T (22.1%). The little guy, US Cellular, paid the most (almost 35%). 

In other industries, one or two companies stood out, above or below the pack: 

-- Cable TV: Dish Network (14.5%) and DirecTV (16.6%) paid less than Comcast (22.5%).

-- Petroleum: Exxon (3.6%) and Chevron (5.6%) paid much less than Marathon (12%), and much less than Phillips (17.1%).

-- In fast food, KFC/PizzaHut/TacoBell paid the least at 10%, a little worse than McDonalds at 14%. Burger King (19%) was near the middle. Starbucks paid 33%.

-- In processed food, Heinz (5.1%) paid the least, General Mills the most (25.7).

-- For office supplies, Office Max and Office Depot both lost money. Staples was profitable and paid a 25% tax.

-- For insurance, Geico (22.2%) and Allstate (26%) paid mid-level taxes, while Progressive paid 35%.

Interestingly, tech firms and retail stores were closely grouped in federal tax payment percentages, as if adapting to similar accounting protocols. Amazon, Intel, Cisco, Dell, Microsoft, and Google were all between 19-25%, with Apple falling a little farther from the tree at 16.3%. Wal-Mart, Costco, Target, JC Penney, Best Buy, and Kohl's were all between 24-32%.

Work continues on PayUpNow.org investigations, as new data is weighed, and as feedback helps to eliminate errors and discrepancies. We will also be reviewing statistics on executive compensation and job outsourcing.

Our ultimate goal is to realize product boycotts of the worst offenders. Hitting them in their 10-Ks will remind tax dodgers that their use of American research and infrastructure and transportation and security should be paid for through their taxes.

Corporate Tax Compliance Rankings (Click for Summary)

Industry	Company	5 yr Revenue	5 yr  Income	5 yr  Fed Tax	5 yr  Tax%	(boycott)
Beverage	Coca-Cola	150,998	45,146	2,941	6.5
Beverage	PepsiCo Inc.	218,932	37,976	5,183	13.6
Beverage	Dr Pepper Snapple	27,272	2,936	916	31.2
Cable TV	Dish Network	55,648	6,295	915	14.5
Cable TV	DirecTV	82,606	10,207	1,692	16.6
Cable TV	Comcast	163,977	23,211	5,222	22.5
Computers	Hewlett-Packard	554,893	47,230	1,392	2.9
Computers	IBM	489,468	82,382	2,688	3.3
Computers	Apple	188,942	47,379	7,706	16.3
Computers	Google	101,965	34,714	6,636	19.1
Computers	Microsoft	276,745	107,011	20,995	19.6
Computers	Dell Inc.	294,050	15,870	3,281	20.7
Computers	Cisco	179,103	44,457	9,324	21.0
Computers	Amazon	103,425	4,596	1,124	24.5
Computers	Intel	190,052	45,669	11,296	24.7
Drug &  Household	Eli Lilly	99,607	17,869	900	5.0	Prozac,  Cialis,  Ceclor
Drug &  Household	Merck & Co.	121,462	30,366	2,386	7.9	Claritin,  Coppertone, Solarcaine,  Dr. Scholl’s
Drug &  Household	Bristol-Myers  Squibb	90,408	21,720	1,743	8.0	Plavix
Drug &  Household	Colgate	72,247	14,470	1,615	11.2	Palmolive,  Irish Spring, Speedstick,  Ajax
Drug &  Household	Procter & Gamble	379,587	71,468	9,071	12.7	Tide, Crest,  Downy,   Bounty, Pampers, Head&Shoulders
Drug &  Household	Kimberly-Clark	93,289	11,578	1,475	12.7	Huggies, Kotex, Depend, Kleenex, Scott,  Viva
Drug &  Household	Johnson & Johnson	301,650	77,501	13,422	17.3	Band-Aid,  Tylenol,  Motrin, Neutrogena,  Carefree
Drug &  Household	Pfizer Inc.	262,903	52,249	10,894	20.9	Viagra,  Celebrex,  Lipitor
Fast Food	Wendys, Arbys	11,324	-608	-54
Fast Food	KFC, Pizza Hut,  Taco Bell	53,460	6,580	658	10.0
Fast Food	McDonalds	114,021	27,371	3,831	14.0
Fast Food	Burger King	11,775	1,164	221	19.0
Fast Food	Starbucks	48,061	4,413	1,460	33.1
Financial	Citigroup	383,307	-17,705	-5,099
Financial	PNC	48,478	14,479	1,213	8.4
Financial	Wells Fargo	211,384	64,576	5,690	8.8
Financial	Amer. Express	115,175	23,232	4,640	20.0
Financial	JPMorgan Chase	403,751	86,390	17,411	20.2
Financial	Bank of America	442,254	60,362	13,441	22.3
Food Processing	Heinz	48,034	5,656	288	5.1
Food Processing	Kraft Foods	197,843	16,930	1,874	11.1
Food Processing	Kellogg	60,477	8,076	1,300	16.1
Food Processing	Campbell	37,539	5,306	915	17.2
Food Processing	General Mills	67,291	9,165	2,359	25.7
Insurance	Prudential	78,532	13,828	-622
Insurance	BerkshireHathaway (Geico)	139,905	75,116	16,662	22.2
Insurance	Allstate	133,720	13,180	3,443	26.1
Insurance	Progressive	69,951	7,025	2,480	35.3
Med Supplies	Baxter	59,394	10,946	150	1.4
Med Supplies	McKesson Corp.	496,997	6,853	678	9.9
Med Supplies	Abbott Labs	143,847	25,506	3,917	15.4
Med Supplies	Medtronic	67,522	15,825	2,432	15.4
Med Supplies	AmerisourceBergen	337,449	4,049	1,043	25.8
Med Supplies	Cardinal Health	448,417	6,657	1,820	27.3
Office Equipt	Office Depot	68,809	-781	144
Office Equipt	Office Max	40,675	-1,379	24
Office Equipt	Staples	109,435	6,779	1,725	25.4
Petroleum	Exxon Mobil	1,886,999	309,009	11,216	3.6
Petroleum	Chevron Corp.	1,049,541	157,783	8,782	5.6
Petroleum	Marathon Oil	336,198	31,142	3,749	12.0
Petroleum	ConocoPhillips	980,994	78,077	13,389	17.1
Recreation	Royal Caribbean	30,551	2,518	-18
Recreation	Carnival Corp.	67,748	10,898	119	1.1
Retail Bldg Supp	Home Depot	361,832	27,967	8,530	30.5
Retail Bldg Supp	Lowe's	239,475	19,068	6,439	33.8
Retail Store	Macys	126,667	-345	1,070
Retail Store	Sears Holdings	237,858	4,713	264	5.6
Retail Store	Wal-Mart	1,953,254	105,649	25,185	23.8
Retail Store	J C Penney	93,564	5,409	1,299	24.0
Retail Store	Costco	343,901	9,252	2,231	24.1
Retail Store	Target	317,044	21,025	6,192	29.5
Retail Store	Best Buy	201,514	9,974	3,097	31.1
Retail Store	Kohl’s	84,029	8,311	2,640	31.8
Telecom.	Sprint Nextel	181,607	-39,145	193
Telecom.	Verizon	493,378	45,493	3,981	8.8
Telecom.	AT&T	552,219	61,269	13,561	22.1
Telecom.	US Cellular	18,672	1,503	524	34.9
Transport	FedEx	175,692	10,701	2,063	19.3
Transport	United Parcel	243,567	20,845	4,710	22.6