55 Corporations Paid $0 in Federal Taxes on 2020 Profits - ITEP - 0 views
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chrisfowler94 on 08 Sep 21This article highlights the fact that 55 of the largest corporations in the U.S. didn't pay any federal taxes in 2020 despite collectively gaining $40.5 billion in pretaxed income. The author details what some specific companies paid (or gained) and how the Tax Cuts and Jobs Act (TCJA) as well as the CARES Act expanded tax breaks for these companies.