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There are ~20 huge companies each year that pay literally zero taxes [1] (that's for this year, you can go back and find a similar article every year). The luck
by wfo 9y ago
There are ~20 huge companies each year that pay literally zero taxes [1] (that's for this year, you can go back and find a similar article every year). The lucky ones who manage to hit zero shuffle around every year. The rest of them pay various fractions of their tax rate. Corporate tax on large corporations as a proportion of the taxes collected is the smallest it has ever been in US history.
[1] https://www.bloomberg.com/news/articles/2017-03-10/ten-things-to-know-about-companies-that-don-t-pay-taxes https://www.bloomberg.com/news/articles/2017-03-10/ten-thing...