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55 Corporations Pay NO Income Tax On Profits: This Now Makes Perfect Sense As To How Illegal Agendas Are Being Pushed Upon The People By The Government!

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Published on: February 9, 2023

“The devil calls in his favors from those in the government and the corporate devils are right there in delivering.”

Have you noticed that when the government comes up with actively promoting and advocating an illegal agenda that the corporate world follows in close pursuit, parroting exactly what the government is doing (Psalm 94:20)?

We see this over and over, do we not? The sodomite agenda (Leviticus 18:22), homosexual “marriage” (Never in the history of mankind), the recent plandemic, etc.  All these are advocated and promoted by the corrupt in the government and then the corrupt corporations follow in close pursuit (Proverbs 17:15).

This is what we define as a fascist state, where the organized society now becomes an autocratic government (Independent power), a dictatorial rule with the suppression of opposition, all the while the government does this with the help of the corporate world.

Why would the corporation do this? The same reason Judas sold out Christ for thirty pieces of silver (Matthew 26:15).  Their love of money is given in exchange for their souls (1 Timothy 6:10).  Let me explain.

Propaganda outlet CNBC reported:  Amazon, Nike and FedEx avoid paying federal taxes.

The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax.

In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. The companies include names like Whirlpool, FedEx, Nike, HP and Salesforce.

“If a large, very profitable company isn’t paying the federal income tax, then we have a real fairness problem on our hands,” Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy (ITEP), told CNBC.

″[There’s] a bucket of corporate tax breaks that are deliberately in the tax code … . And overall, they cost the federal government roughly $180 billion each year. And for comparison, the corporate tax brings in about $370 billion of revenue a year,” Chye-Ching Huang, executive director of the NYU Tax Law Center, told CNBC, citing research from the Tax Foundation.

CNBC reached out to FedEx, Nike, Salesforce and HP for comment. They either declined to provide a statement or did not respond before publication.

The 55 corporations cited by ITEP would have paid a collective total of $8.5 billion. Instead, they received $3.5 billion in tax rebates, collectively draining $12 billion from the U.S. government, according to the institute. The figures don’t include corporations that paid only some but not all of these taxes.

“I think the fundamental issue here is there are two different ways in which corporations book their profits,” Garrett Watson, senior policy analyst at the Tax Foundation, told CNBC. “The amount of profits that corporations may be reporting for financial purposes may be very different from the profits that they are reporting [for tax purposes.]”

Some tax expenditures, which come in many different forms, are used by some companies to take advantage of rules that enable them to lower their effective tax rates.

For example, Gardner’s research into Amazon’s taxes from 2018 to 2021 showed a reported $79 billion of pretax U.S. income. Amazon paid a collective $4 billion in federal corporate income tax in those four years, equating to an effective annual tax rate of 5.1%, according to Gardner’s ITEP report, about a quarter of the federal corporate tax rate of 21%.

Amazon told CNBC in a statement, “In 2021, we reported $2.3 billion in federal income tax expense, $5.2 billion in other federal taxes, and more than $4 billion in state and local taxes of all types. We also collected an additional $22 billion in sales taxes for U.S. states and localities.”

In conclusion:  If you see nothing nefarious behind this report, I do not know how anyone can get you to properly perceive what is taking place.  There is, no doubt, that corporations are acting according to that which the government promotes and advocates.  This is seen by taking note to the illegal agendas that are being forced upon the people in America by the corrupt in both the government and the corporations alike (Isaiah 10:1)!

At the end of the day, guess who pays for all of this?  YOU DO (Numbers 32:23)!

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