Under President Trump’s new tax law, 60 of America’s biggest corporations paid $0 in federal taxes. in 2018, despite earning billions of dollars in profits.
Amazon, Netflix, General Motors, Chevron, JetBlue, IBM and U.S. Steel were all among the companies that avoided taxes last year using a diverse array of loopholes and tax breaks, according to a new report from the Institute on Taxation and Economic Policy, a nonpartisan think-tank. Continue reading “Amazon isn’t the only company that paid $0 in federal taxes last year”
