by Matt Agorist,The Free Thought Project:

(Truthout) A new analysis finds that tech giant Palantir Technologies paid $0 in federal income taxes last year, despite raking in hundreds of millions in taxpayer money to build out a mass network to surveil Americans in partnership with the Department of Homeland Security (DHS).

Palantir, which haslanded multiple massive contractsunder the Trump administration, made $1.6 billion in net income last year.

It grew so much last yearthat it joinedthe list of the 20 most valuable U.S. companies, with its stock more than doubling in value in the first half of 2025 alone. Ina reportto shareholders, the company said it was “crushing” expectations in terms of growth, with revenue growing 93 percent year over year at the end of 2025.

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Despite this growth, it did not pay any federal income taxes in 2025 due to tax policies allowing corporations to effectively dodge taxes, according toan analysis releasedthis week by the Institute on Taxation and Economic Policy (ITEP). The practice hasbeen present for years, but was worsened this year due to the combination of GOP tax breaks passed in last year’s One Big Beautiful Bill Act and the 2017 Tax Cuts and Jobs Act, the group found.

Because of this, Palantir was one of at least 88 major profitable U.S. companies that avoided paying any federal income tax in 2025, ITEP found.

This includes companies like Tesla, owned by Elon Musk, who spent the first half of 2025 ravagingcritical U.S.welfare,public health,humanitarian aid, andresearch programs, under the Trump administration’s “Department of Government Efficiency.”

Other major companies also owed $0 or even got money back in the form of tax rebates, including ticketing company Live Nation Entertainment; airlines like Southwest and United; other military contractors like Honeywell; utility companies like American Electric Power, Dominion Energy, and Duke Energy; entertainment companies like Walt Disney; and many more.

Together, these companies enjoyed over $105 billion in pre-tax income. If this were taxed at the statutory corporate tax rate of 21 percent, the companies would have paid $22 billion in taxes, ITEP found.

Source: SGT Report