[JurisDictum]

ServingTheMiddleClass.jpg

Corporations paid $91 billion less in taxes under GOP tax code overhaul: report

However, the United States Treasury Department brought in less revenue. Considering the “net figures,” Myers writes, “big businesses paid $91 billion less in 2018 than it had the year prior.”

Myers also points out that “while companies were able to avoid paying taxes thanks to the new Republican tax law, the IRS pulled in roughly $2 trillion from individual tax returns — a leap of nearly $100 billion from the amount collected in 2017.”