Federal Budget and Taxes

  • IN FOCUS
bills on a line
New Study Finds Large Number of the Major, Profitable Corporations Pay Little in Corporate Taxes

Many highly profitable Fortune 500 companies pay little or no federal corporate income tax. In fact, an analysis of five years of tax data during the period 2008 and 2012 from 288 profitable Fortune 500 companies finds that 26 paid no federal corporate income tax over that five-year period, and one-third paid a U.S. tax rate of less than 10 percent during that period.