Business Insider: Jeff Bezos’ support for Biden’s corporate tax hike means nothing if Amazon can still dodge paying their fair share in taxes

This number should not come as a shock; some of the most profitable companies – often those that represent the future of the economy – have long looked for ways to skirt their tax bill. A recent study by the Institute on Taxation and Economic Policy, for example, found that 55 of the largest corporations paid no federal taxes on their 2020 profits, resulting in $8.5 billion in tax avoidance and $3.5 billion in earned tax rebates – a total cost of $12 billion.

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