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Warren Buffet says 800 US companies could wipe out income tax — but 88 profitable giants paid the IRS $0 in 2025 rebates
Yahoo Finance· 2026-04-23 23:05
Must Read Here's the kicker: 88 of the most profitable companies in the United States paid $0 in federal income tax in 2025, according to a recent report (1) by the Institute of Taxation and Economic Policy. This means you paid more in income tax than say Citigroup, who earned $4.45 billion. Let that sink in. Big business and billionaires have long wielded outsized power. But one such multi-billionaire, Warren Buffet, argues that if the top corporations paid what Berkshire Hathaway does in taxes, everyday A ...