Corporations shamelessly buy exemption from taxes

This is far from startling to anyone who has been paying attention.

The Institute on Taxation and Economic Policy (ITEP) found that at least 88 of the nation’s largest corporations paid zero federal corporate income tax in fiscal year 2025, despite reporting a combined $105 billion in US pretax income.

The federal income tax for corporations is 21%, meaning that these 88 companies collectively avoided $22.1 billion in taxes for FY 2025. On top of that, they collected $4.7 billion in tax rebates, bringing their total tax breaks to about $26.7 billion…

Using data from OpenSecrets, which compiles and publishes campaign finance and lobbying data, we found that from the 2020 election cycle through the 2024 cycle, these 88 companies have spent nearly $852 million on lobbying and campaign contributions. - Public Citizen