Whatever You Paid to Watch Netflix Last Month Was More Than It Paid in Income Taxes All Last Year: $0

Whether you paid $8.99 for basic, $12.99 for standard, or splurged for the $15.99 premium package so you would have the privilege of watching endless streaming shows and movies on Netflix last month, a new analysis shows you still paid much, much more than the company paid in federal and local income taxes for the entire year. According to Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy (ITEP), "The popular video streaming service 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."

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