At Least 88 Profitable U.S. Corporations Paid Zero Federal Income Tax in 2025

These highly profitable corporations paid zero federal income taxes last year

In 2025, Tesla reported $5.7 billion in U.S. profits. The company paid absolutely nothing in federal taxes.To achieve this remarkable result, Tesla took advantage of several corporate tax breaks expanded or made permanent last summer as part of President Trump’s One Big Beautiful Bill (OBBB) — 100% bonus depreciation and immediate R&D expensing. It also generated savings by exploiting a long-standing deduction for executive stock options.Tesla i…

At least 88 big corporations paid $0 in income tax last year — thanks to Republicans

Dozens of America’s most profitable corporations avoided paying any federal income taxes in 2025, according to an analysis out on Tuesday from the Institute on Taxation and Economic Policy.The 88 companies—which include Tesla, Southwest Airlines, Live Nation, Palantir, Citigroup, and many others listed in the S&P 500—brought in a collective $105 billion in pretax income last year.ITEP found that 2025 saw a spike in corporate tax avoidance, enabl…

With Help From Trump-GOP Law, At Least 88 Big US Corporations Paid $0 in Federal Income Tax Last Year

The companies avoided more than $26.7 billion in income taxes last year, enough to give free school lunches to every child in America.

New Report Finds 88 Major U.S. Corporations Paid Zero Federal Income Tax Despite Billions in Profits

At least 88 of the largest corporations in the U.S. paid no federal corporate income taxes in 2025, despite collectively earning more than $105 billion in U.S. pretax income, according to a new analysis released today by the Institute on Taxation and Economic Policy. The findings highlight a continuation of longstanding corporate tax avoidance trends, which have been exacerbated by the Trump administration’s 2017 and 2025 corporate tax cuts. And…