Special Report

19 Big Companies That Paid Almost Nothing - or Nothing at All - in Taxes in 2021

Source: danielvfung / iStock Editorial via Getty Images

14. JPMorgan Chase & Co.
> US federal effective tax rate: 5.9%
> Pre-tax US earnings minus state and local taxes owed: $48.2 billion
> Current US federal income tax expense: $2.9 billion

Source: Natalie Behring / Getty Images News via Getty Images

13. Nike Inc.
> US federal effective tax rate: 5.9%
> Pre-tax US earnings minus state and local taxes owed: $5.6 billion
> Current US federal income tax expense: $328 million

Source: Joe Raedle / Getty Images News via Getty Images

12. FedEx Corp.
> US federal effective tax rate: 4.2%
> Pre-tax US earnings minus state and local taxes owed: $4.7 billion
> Current US federal income tax expense: $199 million

Source: Michael Vi / iStock Editorial via Getty Images

11. Merck & Co. Inc.
> US federal effective tax rate: 4.0%
> Pre-tax US earnings minus state and local taxes owed: $1.9 billion
> Current US federal income tax expense: $74 million

Source: Davis Turner / Getty Images

10. Bank of America Corp.
> US federal effective tax rate: 3.5%
> Pre-tax US earnings minus state and local taxes owed: $30.6 billion
> Current US federal income tax expense: $1.1 billion

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