January 13, 2020

Dallas Morning News: Trump slashed corporate tax rates to 21%, but many companies paid far less than that

media mention

Here’s another reason to complain: Many companies aren’t paying even the lower rate.

In 2018, the first year under the new law, 379 profitable companies in the Fortune 500 paid an average effective rate of 11.3%, according to a study by the Institute on Taxation and Economic Policy, a progressive think tank in Washington. Read more