Special Report

The Worst Tax Offenders in US History

Source: Courtesy of Westlake Chemical Corporation

40. Westlake Chemical
> US pre-tax income: $227 million
> Current federal income tax (including tax rebates): -$208 million — #6 lowest
> Effective tax rate: -91.6% — #2 lowest
> Industry: Chemicals

39. Cabot Oil & Gas
> US pre-tax income: $240 million
> Current federal income tax (including tax rebates): -$32 million — #27 lowest
> Effective tax rate: -13.2% — #21 lowest
> Industry: Oil, gas & pipelines

Source: Public Domain / Wikimedia Commons

38. Dexcom
> US pre-tax income: $265 million
> Current federal income tax (including tax rebates):
> Effective tax rate:
> Industry: Pharmaceuticals & medical products

Source: Public Domain / Wikimedia Commons

36. Williams
> US pre-tax income: $278 million
> Current federal income tax (including tax rebates): -$29 million — #28 lowest
> Effective tax rate: -10.4% — #23 lowest
> Industry: Oil, gas & pipelines

36. Textron
> US pre-tax income: $278 million
> Current federal income tax (including tax rebates): -$1 million — #50 lowest
> Effective tax rate: -0.4% — #49 lowest
> Industry: Aerospace & defense

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