Institute on Taxation and Economic Policy

December 16, 2019

Tulsa World: 91 Big Companies Paid No Federal Taxes Last Year. And Others Paid Less Than New, Lower Rates for Firms

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“Profitable American corporations in 2018 collectively paid an average effective federal income tax rate of 11.3 percent on their 2018 income, barely more than half the 21 percent statutory tax rate,” said the report from Institute on Taxation and Economic Policy.