Corporate Tax Dodging by Major U.S. Corporations
A study found that Netflix and other major U.S. corporations paid more to their top executives than they did in federal taxes. Netflix paid its top five executives $652 million while only paying $236 million in federal income tax over a five-year period. This behavior negatively impacts working families by reducing paychecks and public services.
Key Points
- Netflix and other major corporations paid more to top executives than in federal taxes
- Netflix paid $652 million to top executives but only $236 million in federal income tax over 5 years
- Study shows how corporate misbehavior affects working families and public services
Pros
- Raises awareness about corporate tax avoidance practices
- Highlights the impact on working families and public services
Cons
- Unfair distribution of wealth within corporations
- Potential negative impact on society due to reduced tax revenue