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

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“A median of lower than 10 of the chosen 50 companies reported no Federal revenue tax legal responsibility after credit in annually 2014 by 2016,” the JCT reported. “For 2017 and 2018, the common elevated to greater than 10. In step with companies accelerating deductions into 2017 and delaying revenue into 2018, tax 12 months 2017 had essentially the most companies reporting no tax legal responsibility. In a number of instances, the company didn’t report tax legal responsibility in at the least three consecutive tax years in the course of the 2014 to 2018 interval.”

https://www.washingtonpost.com/politics/2021/10/21/bidens-favorite-stat-that-55-major-corporations-paid-no-federal-income-tax/?utm_source=rss&utm_medium=referral&utm_campaign=wp_politics | Biden’s favourite stat — that 55 main companies paid no federal revenue tax

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