A new analysis of Fortune 100 investor filings shows that 19 of the most profitable corporations in the United States are paying little or no federal income tax.

New York.- The Center for American Progress found AT&T and Dow Inc. paid zero federal income taxes last year — despite nearly $30 billion in earnings, AT&T reported a tax refund of $1.2 billion.

Meanwhile, Amazon, ExxonMobil, Verizon, JPMorgan Chase, Bank of America, and others paid extremely low tax rates.

In related news, shares of Meta — the parent company of Facebook and Instagram — rose by over 17% Thursday, making founder Mark Zuckerberg nearly $11 billion wealthier in just one day. (RHC)