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ITEP: 114 top companies paid zero federal income tax in 2025, but bigger firms' tax breaks pose greater deficit risk

Report ties falling tax revenue to Trump-era breaks and deficit growth

1 Oct 30 2:38 PM · 14d ago · 3 articles · 3 posts · 3 sources · development 1 of 2

The article links the findings to Treasury data showing a 15% ($70 billion) drop in corporate income tax revenue this fiscal year, a more than 25% decline since 2024, alongside record corporate profits of $4.7 trillion and CBO projections that Trump's One Big Beautiful Bill Act will add $3.4 trillion to the deficit over a decade.

Report ties falling tax revenue to Trump-era breaks and deficit growth
fortune.com

“There’s a real concentration of profits at the top, and when those companies pay anything less than 21%, that’s really what is knocking a hole in our corporate tax laws right now.”

Matt Gardner, ITEP senior fellow · rss ↗

Matt Gardner ITEP senior fellow, report coauthorDonald TrumpDonald Trump U.S. PresidentTesla Company named as paying zero current federal income taxInstitute on Taxation and Economic Policy (ITEP) Progressive think tank, report author

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Peak 6 pieces in 4h at Oct 30, 2 PM; 12 pieces over 14 days (3 articles · 5 posts · 4 comments) Oct 30, 2 PM — 6 pieces · 3 articles · 3 posts — Mastodon 3, Google News 2, Newswires 1Oct 30, 6 PM — quietOct 30, 10 PM — quietOct 31, 2 AM — quietOct 31, 6 AM — 1 piece · 1 post — Mastodon 1Oct 31, 10 AM — quietOct 31, 2 PM — 1 piece · 1 post — Reddit 1Oct 31, 6 PM — 1 piece · 1 comment — Reddit 1Oct 31, 10 PM — 1 piece · 1 comment — Reddit 1Nov 1, 1 AM — 1 piece · 1 comment — Reddit 1Nov 1, 5 AM — quietNov 1, 9 AM — 1 piece · 1 comment — Reddit 1Nov 1, 1 PM — quietNov 1, 5 PM — quietNov 1, 9 PM — quietNov 2, 1 AM — quietNov 2, 5 AM — quietNov 2, 9 AM — quietNov 2, 1 PM — quietNov 2, 5 PM — quietNov 2, 9 PM — quietNov 3, 1 AM — quietNov 3, 5 AM — quietNov 3, 9 AM — quietNov 3, 1 PM — quietNov 3, 5 PM — quietNov 3, 9 PM — quietNov 4, 1 AM — quietNov 4, 5 AM — quietNov 4, 9 AM — quietNov 4, 1 PM — quietNov 4, 5 PM — quietNov 4, 9 PM — quietNov 5, 1 AM — quietNov 5, 5 AM — quietNov 5, 9 AM — quietNov 5, 1 PM — quietNov 5, 5 PM — quietNov 5, 9 PM — quietNov 6, 1 AM — quietNov 6, 5 AM — quietNov 6, 9 AM — quietNov 6, 1 PM — quietNov 6, 5 PM — quietNov 6, 9 PM — quietNov 7, 1 AM — quietNov 7, 5 AM — quietNov 7, 9 AM — quietNov 7, 1 PM — quietNov 7, 5 PM — quietNov 7, 9 PM — quietNov 8, 1 AM — quietNov 8, 5 AM — quietNov 8, 9 AM — quietNov 8, 1 PM — quietNov 8, 5 PM — quietNov 8, 9 PM — quietNov 9, 1 AM — quietNov 9, 5 AM — quietNov 9, 9 AM — quietNov 9, 1 PM — quietNov 9, 5 PM — quietNov 9, 9 PM — quietNov 10, 1 AM — quietNov 10, 5 AM — quietNov 10, 9 AM — quietNov 10, 1 PM — quietNov 10, 5 PM — quietNov 10, 9 PM — quietNov 11, 1 AM — quietNov 11, 5 AM — quietNov 11, 9 AM — quietNov 11, 1 PM — quietNov 11, 5 PM — quietNov 11, 9 PM — quietYesterday, 1 AM — quietYesterday, 5 AM — quietYesterday, 9 AM — quietYesterday, 1 PM — quietYesterday, 5 PM — quietYesterday, 9 PM — quietToday, 1 AM — quietToday, 5 AM — quietToday, 9 AM — quietToday, 1 PM — quietToday, 5 PM — quietToday, 9 PM — quiet 12
1Report ties falling tax revenue to…2Reddit thread debates deficit risk and…
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 10:18 PM ET

What was reported 1 claim about this development

  1. 2 outlets Tesla and 113 other companies paid no current federal income tax, but they still aren’t the biggest threats to the federal deficit, think tank warns

    first by Fortune, 14d ago · also USA Today

    2 more headlines

What people said 1 voice · verbatim

All 2 developments of ITEP: 114 top companies paid zero federal income tax in… →

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