Tuesday, April 6, 2021

[The Washington Post] Analysis | Dozens of America's biggest businesses paid no federal income tax - again

https://www.washingtonpost.com/business/2021/04/05/corporations-federal-taxes/

Fifty-five of the nation’s largest corporations paid no federal income tax on more than $40 billion in profits last year, according to an analysis by the Institute on Taxation and Economic Policy, a progressive think tank.

In fact, they received a combined federal rebate of more than $3 billion, for an effective tax rate of about negative 9 percent.

Marty Wulfe

 

No comments:

Post a Comment