The Number of Giant Companies Paying $0 in Corporate Taxes Doubles

JPMorgan Chase’s attempt at Twitter humor failed Monday morning.

What may have seemed like a lighthearted (and since-deleted) joke about its followers’ excessive spending habits was met with a stream of replies pointing out that perhaps a bank that received $12 billion in bailout money after the financial crisis, whose CEO’s salary is $31 million, and that has a history of mortgage fraud, should refrain from publicly lecturing its customers on their spending habits for coffee and lunch.

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by Ilana Novick