The 706 biggest companies paid a combined 10.4 percent tax rate on 1.88 trillion in profits. That's the lowest corporate tax rate in at least the last 40 years and probably longer. it's also less than half the 21 percent they're actually supposed to pay. One of the points Trump and the GOP made with the Big Bad Bill was that the rate wasn't really as much lower as it seemed because it eliminated loopholes, but in reality it hasn't eliminated loopholes and companies aren't paying anywhere near what they should be.
note this is 2025 data so far it appears it's even worse for 2026. 114 of the companies paid zero income tax.
25 companies got about half of the total subsidies, virtually all of them were donors to the Trump campaign like Meta, Microsoft, Amazon and Alphabet.
IT was on average 14.1 percent in the Biden years so it's about 40% lower under Trump.