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[news]Middle class feeling betrayed by Trump when filing taxes
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Owl 69/70/75 Online
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RE: [news]Middle class feeling betrayed by Trump when filing taxes
(02-08-2019 09:59 PM)Fort Bend Owl Wrote:  https://itep.org/netflix-posted-biggest-...ome-taxes/
Don't know if anyone has posted this yet or not, but Netflix supposedly made $845 million in profit in 2018 but didn't pay a dime in federal or state income taxes. In fact it reported a $22 million federal tax rebate. There's a reason my wife's law firm is doing so well (although I doubt they have Netflix as a client).

They did have a $100 million foreign income tax liability. I would guess that they have made use of the "double Irish" tax practice to reduce their liability somewhat.
02-08-2019 10:14 PM
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RE: [news]Middle class feeling betrayed by Trump when filing taxes - Owl 69/70/75 - 02-08-2019 10:14 PM



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