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return2ozma@lemmy.world to Late Stage Capitalism@lemmy.world · 19 days ago

88 Corporations, $105 Billion in Profits, Zero Federal Income Tax

itep.org

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  • cross-posted to:
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88 Corporations, $105 Billion in Profits, Zero Federal Income Tax

itep.org

return2ozma@lemmy.world to Late Stage Capitalism@lemmy.world · 19 days ago
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  • cross-posted to:
  • usa@midwest.social
At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025
itep.org
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At least 88 of the largest corporations in America paid $0 in federal income tax for 2025. Corporate tax avoidance has increased at least in part due to President Trump's “One Big Beautiful Bill Act” and the 2017 Tax Cuts and Jobs Act.

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  • Maeve@kbin.earth
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    19 days ago

    Universal comprehensive health ❌ Guaranteed housing ❌ Clean drinking water ❌ Food ❌ Free, good schools through graduate ❌ Clean, safe public transportation ❌ Clean renewable energy ❌ Universal daycare ❌ Endless war ✅ No taxes for ultra wealthy and international corporations ✅ Funding all these things for proxy states ✅

    • ClassStruggle@lemmy.ml
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      19 days ago

      Thats the best capitalism can offer

      • Maeve@kbin.earth
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        19 days ago

        💯

  • greyscaleA
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    19 days ago

    PG&E can keep their tax money if only they’d stop setting california on fire.

  • slazer2au@lemmy.world
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    19 days ago

    Unless I am reading page 7 wrong didn’t Yum pay $500M in income taxes?

    https://s2.q4cdn.com/890585342/files/doc_financials/2025/q4/Yum-4Q25-Earnings-Release.pdf

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