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New ITEP Study: Major Corporations Paid Lowest Federal Tax Rate in Decades Following Trump Tax Cuts
The nation’s largest and most profitable corporations paid an average federal income tax rate of just 10.4 percent in 2025, the lowest rate documented in more than four decades of research by the Institute on Taxation and Economic Policy (ITEP), according to a new study released today. The study examines the current federal income taxes of 706 major U.S. corporations that collectively reported…
