Microsoft has reportedly exceeded $1 trillion in total cumulative revenues

A new report says that Microsoft recently has exceeded the $1 trillion milestone in its total cumulative revenues. It has also generated $265.2 billion in lifetime profits.

The math comes from writer Jeff Reifman, who added that while rival Apple exceeded $1 trillion in lifetime revenues in 2015, it's actually behind Microsoft in total lifetime profits with $261.6 billion.

His report on Microsoft's new financial milestone was not celebratory, however. Reifman claims that tax breaks from the state of Washington have saved Microsoft $270.9 million in 2015. He also claims that companies like Microsoft and Amazon have benefited from those kinds of tax loopholes, while the state of Washington itself has a number of budget issues for education, police and more services.