Home Politics Biden’s favorite stat — that 55 major corporations paid no federal income...

Biden’s favorite stat — that 55 major corporations paid no federal income tax

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“An average of less than 10 of the selected 50 corporations reported no Federal income tax liability after credits in each year 2014 through 2016,” the JCT reported. “For 2017 and 2018, the average increased to more than 10. Consistent with corporations accelerating deductions into 2017 and delaying income into 2018, tax year 2017 had the most corporations reporting no tax liability. In several cases, the corporation did not report tax liability in at least three consecutive tax years during the 2014 to 2018 period.”

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