According to a recent analysis of business tax practices, Netflix, one of the best television and video streaming solutions, paid its top executives more in federal taxes than it has contributed. This finding, according to non-profits like Americans for Tax Fairness and the Institute for Policy Studies, highlights a general trend of business entities paying more in executive compensation than in income.
Netflix was one of 35 companies, according to the study, where executive pay surpassed national tax efforts in at least two of the five times analyzed, spanning the years 2018 to 2022. Throughout this period, Netflix disbursed a staggering$ 652 million to its top five executives, juxtaposed with a comparatively modest$ 236 million in federal income tax payments, resulting in a nominal tax rate of 1.6 percent….
Trending
- Fresno State U. lecturer under fire for posts wishing for death of Trump, Musk
- Democratic states sue Trump over move to reshape elections
- Trump fires 3 national security officials over concerns they are not loyal: Report
- Shingles vax can decrease dementia risk, finds study
- Trump unveils ‘gold card’ and suggests it will be available in two weeks
- Conservative group launches first lawsuit against Trump emergency China tariffs
- Border migrant shelters become ghost towns
- Baja makes $350M annually from visitors, tourism board says