Title: Boeing Paid No Federal Income Tax Last Year: Analysis | HuffPost
Headings: Boeing Paid No Federal Income Tax Last Year: Analysis
Boeing Paid No Federal Income Tax Last Year: Analysis
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Content: Boeing Paid No Federal Income Tax Last Year: Analysis | HuffPost
BUSINESS
02/20/2014 05:01 pm ET Updated Dec 06, 2017
Boeing Paid No Federal Income Tax Last Year: Analysis
By Jillian Berman
A Boeing 787-9 is in flight, Tuesday, Sept. 17, 2013, at Paine Field in Everett, Wash. The 787-9 is 20 feet longer and can seat 40 more passengers than the original 787-8, which carries between 210 and 250 passengers. The new version of the Dreamliner also can carry more cargo and fly farther. ( AP Photo/Elaine Thompson)
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. “Companies that live by the taxpayer purse should be contributing to the welfare of the states and paying their taxes,” said Scott Klinger, the author of the report. “ The fact that we have major federal contractors that are consistently not doing that should raise questions for our legislators about how this could be.”