can anyone point me towards a site that lists company profits and taxes paid?

[w8liftinglady]

I am having a hard time googling what I'm looking for (Re war profiteers)

[Dora]

1. You can search SEC filings by using EDGAR

http://www.sec.gov/edgar/searchedgar/webusers.htm


Finding info on privately-owned companies is more difficult.

[NewJeffCT]

5. It's a long task unless you know what you're looking for

And, even then, you need to go company by company.

You'd basically have to go to the Financial Statements section of statement 10-K (the 10_Q is only quarterly, the 10-K is annual) and look under something that is probably called "Income Statement" or "Consolidated Statements of Income"

Here is a link to the Wal-Mart page that has their 10-K:

http://investor.walmartstores.com/phoenix.zhtml?c=112761&p=irol-sec&secCat01.1_rs=51&secCat01.1_rc=10

(I hope that works)

As a summary,however, Wal-Mart in 2007 reported pre-tax income of approximately $18,968,000,000 and paid income taxes of $6,365,000,000, for after tax income of $12,603,000,000. They also had after-tax losses due to discontinued operations and minority interest bringing their total net income to $11,284,000,000.

[Emit]

2. "Defense Contractor CEO Pay Up 200 Percent Since 9/11"

War Millionaires: Defense Contractor CEO Pay Up 200 Percent Since 9/11
by Willliam Baue

The ratio between CEO and worker pay across the market climbs to 431 : 1, up from 301 : 1 last year, according to a new CEO pay study from United for a Fair Economy and the Institute for Policy Studies.

SocialFunds.com -- "I don't want to see a single war millionaire created in the United States as a result of this world disaster." So said President Franklin Delano Roosevelt about World War II, and President Harry Truman first made a name for himself as a Senator by crusading against war profiteering. The same cannot be said about the current wartime situation, as war profiteering seems to be the trend of the day according to the twelfth annual CEO compensation survey conducted by United for a Fair Economy (UFE) and the Institute for Policy Studies (IPS).

The report, which surveys 367 leading US corporations, focuses particularly on 34 of the top 100 defense contractors in 2004 with 10 percent or more of their revenues from defense contracts. It finds "a trend towards individual war profiteering by CEOs," with CEO pay at these companies rising 200 percent from 2001 to 2004.

"As the death toll mounts among Americans and Iraqis, it seems particularly unjust to see executives profiting personally from the horrors of war," states the report, written by UFE's Scott Klinger and Liz Stanton and IPS's Sarah Anderson and John Cavanagh.

http://www.socialfunds.com/news/article.cgi/article1794.html

Edited to add link to reported noted in above article: http://www.faireconomy.org/press/2005/EE2005.pdf

Chief executives at U.S. defense contractors have seen a 200-percent pay raise since the Sep. 11, 2001 terrorist attacks, widening the chasm between compensation in the corner office and wages on the factory floor, a new report said Tuesday.

Average CEO pay--$11.8 million in salary, stock options, bonuses, and incentives--rose last year to 431 times what the average worker earned, $27,460, according to the report from the Washington, D.C.-based Institute for Policy Studies and Boston-based United for a Fair Economy. In 2003, CEOs had made 301 times their average employees' pay.

The ratio had peaked at 525-to-1 in 2001.

''If the minimum wage had risen as fast as CEO pay since 1990, the lowest paid workers in the U.S. would be earning $23.03 an hour today, not $5.15 an hour,'' the research and advocacy groups said.

The report charged that individual CEOs have profited from the Iraq War, with huge average raises at the biggest defense contractors. To arrive at this conclusion, it looked at 34 of the top 100 defense contractors of 2004. While most firms in the larger group were privately held, the 34 included in the report were publicly traded, meaning that their financial results were easier to research.

http://www.commondreams.org/headlines05/0831-02.htm

[Emit]

3. "Corporate Income Taxes in the Bush Years" (This report will make your head hurt)

http://www.ctj.org/corpfed04an.pdf

Copyright© by Citizens for Tax Justice & the Institute on Taxation and Economic Policy, September 2004.

Corporate Income Taxes in the Bush Years
Contents
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Who’s Paying Corporate Taxes—and Who’s Not . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
The Size of the Corporate Tax Subsidies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Tax Rates by Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Historical Comparisons of Tax Rates and Tax Subsidies . . . . . . . . . . . . . . . . . . . . . . . . 7
Why Companies Pay Low Tax Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
The Failure of Corporate Tax Incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Who Loses from Corporate Tax Avoidance? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Tax Reform (& Deform) Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
DETAILED TABLES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Forty-six Corporations Paying No Income Tax in 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Forty-two Corporations Paying No Income Tax in 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Thirty-three Corporations Paying No Income Tax in 2001 . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Effective Federal Corporate Tax Rates on 275 Major Corporations 2001–03, by Industry . . . . . 19
Effective Federal Corporate Tax Rates on 275 Major Corporations, 2001–03 (by 3-year tax rate) 28
Effective Federal Corporate Tax Rates on 275 Major Corporations, 2001–03 (alphabetical) . . . . 36
Company-by-Company Notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

[w8liftinglady]

4. oh,hell.you are right..this should be mandatory reading.

[Emit]

6. "Know Your War Profiteers"

You might find some more info at this website. :shrug:

The War Profiteers Card Deck exposes some of the real war criminals in the US's endless War of Terror. This is no Sunday bridge club. These are individuals and institutions that stack the deck against democracy in the rigged game of global power. Exposing their place in the house of cards illuminates the links among corporations, institutions, and government officials that profit from endless war. The US War of Terror is not about liberation, democracy, or UN resolutions. Plainly put, the War of Terror--whether in Iraq, Colombia, Afghanistan, or the USA--is about subjugation, resource extraction, and opening markets: a practice once referred to more honestly as colonialism.

Each suit in this deck represents a category of war profiteers:

spades: Oil, gas, and energy companies
hearts: US government officials (because they love you)
clubs: Military and defense contractors
diamonds: Heads of industry, finance, media, policy, and hype

http://www.ruckus.org/warprofiteers/

More about CorpWatch's War Profiteers website: http://www.warprofiteers.com/article.php?list=type&type=5