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Dozens of American corporations paid no federal income taxes last year: report – New York Post

Dozens of America’s biggest companies paid no federal income taxes last year thanks to a range of tax breaks including some brand-new ones, a new report says.
The 55 corporations avoided a total of $8.5 billion in taxes on more than $40 billion in pre-tax profits in their most recent fiscal year, according to the Friday report from the Institute on Taxation and Economic Policy.
In fact, 52 of those firms including household names such as Nike, FedEx and Dish Network ended up pocketing federal tax…

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