Here’s How Amazon, Nike, FedEx and Others Avoid Paying Federal Taxes

Tax time is only your favorite time of the year if you get back more than you owe.

For everyone else, it’s the time when we grudgingly pay the government for services we probably don’t use that often.

But some corporations don’t pay any federal corporate tax.

At least 55 of the largest corporations in the US paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy.

Companies included in this list are Whirlpool, FedEx, Nike, HP, Salesforce, and More.

The 55 corporations cited by ITEP should have paid a collective total of $8.5 billion. Instead, they collected $3.5 billion in rebates. That means that the US government lost approximately $12 billion. It’s a staggering slap in the face for middle-class families who have to save and scrounge to pay their taxes.

And the tax code allows for it. Most get away with it by lowering their effective tax rates and offshoring profits.

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