NEWS: GAO Study Finds 34% of Large, Profitable Corporations Pay Zero in Federal Income Taxes
BURLINGTON, Vt., Jan. 13 – Thirty-four percent of large, profitable corporations paid nothing in federal income taxes in 2018, the first year that the Trump tax cuts went into effect, according to a new study prepared for Sen. Bernie Sanders (I-Vt.) by the Government Accountability Office (GAO). The GAO also found that, on average, large, profitable American corporations paid less