In 2001, with $1,691 million in taxes on $5,670 million income before the corporate income tax, Coca-Cola

Question:

In 2001, with $1,691 million in taxes on $5,670 million income before the corporate income tax, Coca-Cola was in a 30% income tax bracket. The $289 million that Coca-Cola paid in interest therefore cost Uncle Sam about $86.7 million in reduced taxes.

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