Within the Fortune 500, 91 profitable corporations—such as Amazon, FedEx, Netflix and General Motors—paid no U.S. corporate income taxes in 2018, according to the Institute on Taxation and Economic Policy. And 379 profitable Fortune 500 corporations paid just an 11.3 percent tax rate last year. That’s about half the rate established under Trump’s tax law, which slashed the previous rate by 40 percent.
Quoted Staff Member
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