Netflix made a record $845 million, paid ZERO in taxes, and reported a $22 million rebate

CBC News / YouTube Tax on Netflix and Spotify proposed 1549410596.jpg...
CBC News / YouTube

One of the exciting new aspects of the Republican tax cuts on the wealthy and big businesses was how quickly everybody else begins to get screwed on their tax returns. Equally exciting is the fact that those tax breaks seem to only get better and better for the one percent! Labor 411! reports that streaming behemoth Netflix “posted its largest-ever U.S. profit in 2018­­—$845 million—on which it didn’t pay a dime in federal or state income taxes.” They even got a $22 million rebate! Yay for the little guy!

But don’t you fret! Republicans and other conservative economic scam artists like to remind us all that in saving all of that tax money, and bulging with more profits, companies like Netflix will not only build out their infrastructure, they will pass on that savings to the consumer!

The service’s most popular plan will increase from $11 to $13 per month for HD streaming. Netflix’s most expensive plan, which offers 4K content and up to four simultaneous streams on different devices, will increase from $14 to $16. And the service’s basic plan, which doesn’t offer HD, will raise from $8 to $9.

If you are a new subscriber you’ll feel those cost hikes immediately! If you are an existing subscriber you’ll have between now and three months from now to experience what life was like before those tax breaks turned these big companies into a bunch of Santas!

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Impeach trump
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Impeach trump

That makes me very angry-and then they upped the rates….why don’t we all just refuse to pay taxes and see what our crooked government and our leader tHitler does?