Washington Post: Fact-checking the ‘final arguments’ of Biden and Trump

This statistic on 91 companies comes via the left-leaning Institute on Taxation and Economic Policy (ITEP). In a 2019 report, ITEP concluded that 91 profitable companies in the Fortune 500 did not pay any federal income tax, largely as a result of the 2017 tax law, such as through deductions for investment that Trump promoted in the bill. The group said an additional 56 companies paid effective tax rates between 0 percent and 5 percent on their 2018 income, for an average effective tax rate of 2.2 percent. Read more