Corporate accountant
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As the mid-April deadline for filing 2018 tax returns was approaching, accountants and tax preparers had their share of clients who were angry over some of the deductions that the GOP-sponsored Tax Cuts and Jobs Act of 2017 took away. But giant corporations made out much better than individual taxpayers with modest incomes, and in a new report for Yahoo Finance, journalist Kristin Myers offers some details on how little mega-corporations paid for fiscal year 2018 compared to previous years.

The Economic Policy Institute has reported that most U.S. workers saw little or no benefit from the Tax Cuts and Jobs Act. And some middle-class taxpayers in blue states, after losing valuable deductions, complained that their taxes had increased thanks to the Republican tax law.

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 […]