The top 25 profitable corporations, including Google, Facebook, UPS, Norfolk Southern, Amazon and others, have used a specific tax loophole to avoid $67 billion in taxes since Trump’s 2018 tax cuts. Matthew Gardner, a Senior Fellow at the Institute on Taxation and Economic Policy and co-author of the report, “Corporations Reap Billions in Tax Breaks Under ‘Bonus Depreciation” discusses how they did it.
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