NEW: Microsoft’s latest annual financial report shows the company achieved record profitability while avoiding federal income tax on almost all of its U.S. income for fiscal year 2026. Microsoft reported $101 billion in profits but paid a federal tax rate of just 2.44%. itep.org/microsoft-ea...
Microsoft Reports a 2.44 Percent Federal Tax Rate on a Record $101 Billion in ProfitsMicrosoft avoided federal income tax on almost all of its U.S. income for fiscal year 2026. The company’s 2.44 percent federal tax rate on over $100 billion of U.S. income is largely attributable to t...itep.org