Just six companies received $83 billion in federal income tax breaks in 2025, the latest evidence that corporate tax avoidance has been turbocharged by the 2025 Trump/GOP tax law. This is more than 40% of the $204 billion in 2025 corporate tax breaks we have identified so far.
Microsoft topped the list with a record $18.7 billion in tax breaks, followed by Alphabet ($18.4 billion), Amazon ($17.4 billion), Meta ($13.7 billion), JPMorgan Chase ($8.3 billion) and Nvidia ($6.8 billion). The combined $83 billion in tax breaks for these six companies is greater than the annual discretionary budget of the U.S. Department of Education and amounts to nearly one-fifth of total annual federal corporate income tax collections.
“This is an extraordinary concentration of tax benefits among some of the biggest and most profitable companies in the world,” said Matt Gardner, Senior Fellow at ITEP. “When six companies can collect tax breaks equal to nearly one-fifth of what the federal government raises from the corporate income tax altogether, policymakers should be asking whether these provisions are serving the public interest or simply rewarding companies that are already enormously profitable and politically influential.”
