Sanders: ‘Your $8.99 Netflix subscription is more than the company paid in federal income taxes’
Sen. Bernie Sanders (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’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.
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.
Where did the money from Trump’s “tax cuts for the middle class” go? To wealthy corporations who have spent $1 trillion buying back their own stock to enrich executives and wealthy shareholders. That’s not acceptable. https://t.co/tfHGRE1Dq7
— Bernie Sanders (@SenSanders) November 17, 2019
Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts
