60 big companies that avoided all federal income taxes

[justaschmuck9]

60 Fortune 500 Companies Avoided All Federal Income Tax in 2018 Under New Tax Law

91 corporations did not pay federal income taxes on their 2018 U.S. income. Read the follow-up report released in December 2019,…

itep.org

I am not familiar w/ this site so I don't know whether to trust it or not but I have heard from more than this site that some really big companies manage to avoid paying any federal income tax whatsoever..

(yes, I know... something like 50% of American individuals do not either..)

 

[Toddsterpatriot]

No corporate income, no reason to pay corporate taxes.

 

[MarcATL]

Let's see the Trumpster lemmings show any outrage over this.

Hint: They won't.

#LOLGOP #TooFunny #CLASSIC #AllTheGOPHasForAmericansIsCultureWarBS

 

[Mikeoxenormous]

60 Fortune 500 Companies Avoided All Federal Income Tax in 2018 Under New Tax Law

91 corporations did not pay federal income taxes on their 2018 U.S. income. Read the follow-up report released in December 2019,…

itep.org

I am not familiar w/ this site so I don't know whether to trust it or not but I have heard from more than this site that some really big companies manage to avoid paying any federal income tax whatsoever..

(yes, I know... something like 50% of American individuals do not either..)

I wonder how much the Clinton Crime Foundation paid in taxes? You know that same foundation that jizzled the earthquake victims of Haiti?

 

[MarcATL]

No corporate income, no reason to pay corporate taxes.

See what I mean?

 

[TNHarley]

Let's see the Trumpster lemmings show any outrage over this.

Hint: They won't.

#LOLGOP #TooFunny #CLASSIC #AllTheGOPHasForAmericansIsCultureWarBS

Why dont Washington simplify the tax code so they dont get out of taxes?

 

[MarcATL]

Why dont Washington simplify the tax code so they dont get out of taxes?

Let's get it done. What's the Republican plan for this?

 

[TNHarley]

Let's get it done. What's the Republican plan for this?

IDK probably to enrich the wealthy even more. Just like the democrats.

 

[justaschmuck9]

Why dont Washington simplify the tax code so they dont get out of taxes?

2 words

deep state

 

[whitehall]

I bet the source, ITTP, is tied to the Biden administration and/or the democrat party. Be careful what you wish for lefties. The Biden administration recruited an army of armed IRS agents that is bigger than some of our NATO allies.

 

[Toddsterpatriot]

See what I mean?

What's the proper tax rate on $0 income?

 

[skews13]

60 Fortune 500 Companies Avoided All Federal Income Tax in 2018 Under New Tax Law

91 corporations did not pay federal income taxes on their 2018 U.S. income. Read the follow-up report released in December 2019,…

itep.org

I am not familiar w/ this site so I don't know whether to trust it or not but I have heard from more than this site that some really big companies manage to avoid paying any federal income tax whatsoever..

(yes, I know... something like 50% of American individuals do not either..)

Not anymore they won't.

 

[Mikeoxenormous]

Why dont Washington simplify the tax code so they dont get out of taxes?

Companies that dont have to pay too much in taxes usually has money to give to their favorite Democrat Candidate to campaign with.

 

[Baron Von Murderpaws]

Let me guess................DemonicRat supporters.

 

[Flash]

Corporations don't pay an income tax.

They pay a corporate tax.

Two different animals with two different set of rules.

In reality corporations really don't pay any taxes in the literal sense. They just pass along any taxes to the consumers of their goods and services. Every cent a corporation pays to the filthy government is derived from the sale of the goods and services. It is the consumer of those goods and services that indirectly pays the tax,

Despicable, isn't it? Both the income and corporate tax suck. We need to get rid of both of them.

 

[Harpy Eagle]

I bet the source, ITTP, is tied to the Biden administration and/or the democrat party. Be careful what you wish for lefties. The Biden administration recruited an army of armed IRS agents that is bigger than some of our NATO allies.

how much you willing to bet?

 

[Harpy Eagle]

Corporations don't pay an income tax.

They pay a corporate tax.

Two different animals with two different set of rules.

In reality corporations really don't pay any taxes in the literal sense. They just pass along any taxes to the consumers of their goods and services. Every cent a corporation pays to the filthy government is derived from the sale of the goods and services. It is the consumer of those goods and services that indirectly pays the tax,

Despicable, isn't it? Both the income and corporate tax suck. We need to get rid of both of them.

So, then why is it when Corporates taxes go down their prices do not go down a corresponding amount?

 

[Dont Taz Me Bro]

Let's get it done. What's the Republican plan for this?

Many on the right have been advocating for a flat tax no deductions for years. Democrats don't want it.

 

[airplanemechanic]

See what I mean?

Ok, how much income tax should a company pay with no income?

 

[Harpy Eagle]

What's the proper tax rate on $0 income?

Not buying that IBM had no income at all in 2018