88 corporations that paid ZERO federal income tax last year spent roughly $852 million on US campaign contributions and lobbying during recent election cycles, a new report reveals.
u/McDowdy ·
Reddit — r/FluentInFinance
· July 16, 2026 at 18:00
· ⬆ 152 pts
· 💬 9 comments
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Summary
The post reports that 88 corporations paid zero federal income tax last year while spending $852 million on lobbying and campaign contributions.
The author's thesis is that these companies avoid taxes (saving $22.1B) and use that money to influence politics, widening the gap with ordinary taxpayers.
Quality assessment: This is a news summary citing a report from OpenSecrets; it is well-sourced but lacks specific company names or financial analysis, making it informative noise rather than tradeable DD.
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"Using data from OpenSecrets, which compiles and publishes campaign finance and lobbying data, we found that from the 2020 election cycle through the 2024 cycle, these 88 companies have spent nearly $852 million on lobbying and campaign contributions," the report's author wrote. "We highlight the companies that spent the most money on lobbying, hired the most obbyists, lobbied specifically on tax issues, and contributed the most cash to political campaigns."
The federal corporate income tax rate is 21%, indicating that the 88 companies in the report dodged a combined $22.1 billion in taxes last year.
And they used that "savings" to further distance themselves from normal tax-paying Americans.