Saturday, November 30, 2019

Many Profitable Corporations Still Pay No Taxes


The Republican tax law of 2017 was supposed to make taxation fairer for corporations. The idea was that with a much lower tax burden. corporations would not avoid taxes, but would actually pay them. But nothing has changed at all. The 60 very profitable companies in the charts above all paid NO taxes in 2018. In fact, many got a tax refund (which means they made money off our tax system).

This must change, but it will not change as long as Republicans hold power. They are not going to do anything to make corporations pay their fair share of taxes.

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