Senator Bernie Sanders has is calling out corporate America again for its abuse of the American tax system.
Instead of paying a fair share of taxes, Netflix is paying nothing. And Bernie wants everyone to know about this corporate welfare.
He blasted Netflix on Twitter saying:
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
According to The Hill, “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.”