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88 Corporations, Including Tesla, Avoid $26.7B in Taxes

4/16/2026

27 4 Full Breakdown

Summary

Story summary

In 2025, at least 88 U.S. corporations, including Tesla and United Airlines, paid no federal income tax after reporting over $105 billion in pretax income, per the Institute on Taxation and Economic Policy (ITEP).
The report links this outcome to tax cuts under U.S. President Donald Trump and estimates about $26.7 billion in tax breaks.
ITEP notes provisions like accelerated depreciation and research credits enable avoidance.

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Story summary

In 2025, at least 88 U.S. corporations, including Tesla and United Airlines, paid no federal income tax after reporting over $105 billion in pretax income, per the Institute on Taxation and Economic Policy (ITEP).
The report links this outcome to tax cuts under U.S. President Donald Trump and estimates about $26.7 billion in tax breaks.
ITEP notes provisions like accelerated depreciation and research credits enable avoidance.