Sen. Bernie Sanders Bernie SandersRahm Emanuel: Bloomberg, Patrick entering race will allow Democrats to have 'ideas primary' Feehery: Pivoting to infrastructure could help heal post-impeachment wounds Jayapal hits back at Biden on marijuana 'prohibition' MORE (I-Vt.) targeted Netflix in a tweet, accusing the company of paying less in federal income taxes than the cost of a monthly subscription.
“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).
We are going to make massive corporations finally pay their fair share. — Bernie Sanders (@BernieSanders) November 19, 2019
The presidential candidate has taken aim at large corporations and the wealthy during his campaign for the White House, criticizing President Trump Donald John TrumpMost Americans break with Trump on Ukraine, but just 45 percent think he should be removed: poll Judge orders Democrats to give notice if they request Trump's NY tax returns Trump's doctor issues letter addressing 'speculation' about visit to Walter Reed MORE’s tax bill for letting “wealthy corporations” off the hook of paying their share of taxes.
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.
The Hill reached out to Netflix for comment.
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.
InterstellarPathway on November 19th, 2019 at 23:40 UTC »
For reference, Netflix reported $1.2 Billion in profit on $16 billion in revenue.
It specifically reported $845 Million in profit for operations within the United States. Not only did Netflix not pay taxes, it actually received a $22 Million rebate.
200_Proof_Brain on November 19th, 2019 at 23:03 UTC »
It’s amazing to me that there are people who aren’t taken aback by this sort of thing.
scott_majority on November 19th, 2019 at 23:02 UTC »
FedEx, GE, Amazon, Chevron, Delta, GM, Goodyear, Haliburton, JetBlue, US steel, Whirlpool, Netflix...Is there an American company that does pay taxes?