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View Diary: Two dozen Fortune 500 companies paid no corporate income taxes in 2011 (56 comments)

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  •  Accounting for income taxes is weird (2+ / 0-)
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    Justanothernyer, nextstep

    Mattel, for example, paid $173 million in 2011 (149 and 133 million for 2010 and 2009, respectively).

    That's straight off the cash flow statement, so it's really what they paid.  The diary is likely using the GAAP statement of expense, which is a different calculation and relates solely to income tax expense attributable to that year.  

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