Biden cites left-leaning study that 55 of top U.S. companies paid no federal income taxes

FedEx, Duke Energy and Nike are among companies that were able to avoid paying any federal income tax for the last t.....»»

Four big Charlotte-based corporations paid no federal income taxes in 2018 despite combined profits ranging from $67 million to more than $3 billion, according to a new study by the Institute of Taxation and Economic Policy. Duke Energy Corp. (NYS.....»»

The Biden Administration is about to be locked in a battle with big business over corporate taxes. He wants to increase them to help fund his infrastructure bill, which has an estimated price tag of........»»

Clodagh Kilcoyne/Reuters These massive companies made millions — in some cases, billions — in profits in 2018, but didn't pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have m.....»»

In December 2021, Musk paid a record-breaking $11 billion in federal income taxes, resulting from selling Tesla stock to finance his purchase of Twitter. read more.....»»

Joe Biden and Kamala Harris have both made their 2023 tax returns public. A look at their income and taxes paid for the year. read more.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subtract some portion of what they paid to their state and local governments. .....»»

Two weeks after the publication of a report that said Nike hadn't paid federal income taxes in three years, the sportswear giant late Friday said it has paid more than $9.1 billion in U.S. taxes since 2016......»»

The five Bay Area tech firms each posted a profit last year, but used a variety of credits and other legal maneuvers to reduce their tax bills to $0......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

55 of America's biggest companies paid $0 in fe.....»»

A new report from think tank says some of the biggest companies in the country had effective tax rates of 0% or less in 2018......»»

The 2017 tax law lowered the U.S. corporate tax rate from 35 percent to 21 percent, but in practice large companies often pay far less than that due to deductions, tax breaks, and other loopholes......»»

Biden and his wife routed book and speech income through S corporations. They paid income taxes on those profits, but avoided the 3.8% self-employment tax......»»

60 companies avoid paying federal income taxes.....»»

Just ahead of the filing deadline for 2018 federal and state income taxes, the IRS published its roundup of 2016 income and taxes. Americans reported more than $10 trillion in income and paid about........»»

Sen. Kirsten Gillibrand has released her tax returns for 2018, showing she paid $29,170 in federal taxes on an income of about $214,000. The New York Democrat on Wednesday became the first... To view the full story, click the title link......»»

Sen. Kirsten Gillibrand (KEER'-sten JIHL'-uh-brand) has released her tax returns for 2018, showing she paid $29,170 in federal taxes on an income of about $214,000......»»