“Your $8.99 Netflix subscription is more than the company paid in federal income taxes last year (nothing),” he tweeted.
“We are going to make massive corporations finally pay their fair share.”.
Your $8.99 Netflix subscription is more than the company paid in federal income taxes last year (nothing).
Trump’s tax bill that went into effect in January 2018 gave a $1.5 trillion tax cut to U.S. corporations.
CBS reported in April that Netflix had an estimated negative income tax for fiscal 2018, meaning it reported a $22 million tax rebate and paid nothing.
A report from WUSA9 investigated Netflix’s form 10-K, which showed the company spent $133,146,000 in foreign taxes but nothing in federal and state taxes in fiscal 2018.
Sanders also condemned the news that FedEx didn’t owe anything in taxes in fiscal 2018, as reported by The New York Times on Sunday. »