706 Corporations Paid Half the Tax Rate They Owe. The Other Half Funded Their Lobbying.

706 major U.S. corporations paid an effective federal tax rate of 10.4% in 2025 — the lowest ITEP has recorded in over 40 years. The $198 billion gap between what they paid and what they owed didn't vanish. It was transferred, deliberately, by legislation the same corporations helped write.