26 Major Corporations Paid No Corporate Income Tax For The Last Four Years, Despite Making Billions In Profits

Last year, Citizens for Tax Justice found that 30 major corporations had made billions of dollars in profits while paying no federal income tax between 2008 and 2010. 

 Today, CTJ updated that report to reflect the 2011 tax bill of those 30 companies, and 26 of them have still managed to pay absolutely nothing over that four year period:

– 26 of the 30 companies continued to enjoy negative federal income tax rates. That means they still made more money after tax than before tax over the four years!

Amongst the 30 are corporate titans such as General Electric, Boeing, Verizon, and Mattel.