No, he’s pulling it from the ITEP report [here](https://itep.org/88-profitable-corporations-paid-zero-income-tax-in-2025/), but neither ITEP nor Bernie has access to the corporate tax returns for these entities. In fact, most (if not all) of these corporations haven’t even filed their 2025 tax returns yet
ITEP pulls it from the income tax expense reported on the 10-K, but this isn’t the same thing as the tax that actually ends up getting paid
Just from a cursory look at the 88 corps listed, I’m involved with the taxes for 2 of them right now, and both of them are absolutely going to be paying tax when the return gets filed
Woodworkingwino on
Don’t worry all of their lower level employees are paying their share.
I_HopeThat_WasFart on
it can be, you can carry forward losses from previous years to offset your current years tax burden
Bernie is suggesting doing away with this which would be detrimental to incentivizing businesses to operate in the US and take on the risk of providing capital
Neither the dems or republicans have any inclination to alter this tax code
He is pandering to the uninformed
tabrisangel on
Disney pays billions of dollars of taxes annually Payroll,sales, etc.
The corporate income taxes are often reduced by depreciation and other investments. These aren’t unquie to Disney.
JurassicP00P on
It’s called deductions. Politicians lie and obfuscate the truth in order to push their policies. These shock posts work on the weak minded.
gumercindo1959 on
Possibly, there are lots of corporate tax laws that allow companies to carry forward prior year losses (even if they’re profitable) and offsets the corporate tax due.
Opening-Pair-1831 on
The ITEP Report says: 88 Corporations, $105 Billion in Profits, Zero Federal Income Tax. These are not companies loosing money, but making money. Also, they are not doing anything illegal. The point is that the tax code is not fair to the common worker. Democrats tend to favor a more progressive tax system than Republicans. In some countries companies have to publicly release their tax returns, maybe that should be the law in the U.S. for companies of certain size. Remember when U.S. president used to release their tax returns.
8 Comments
Walt Disney is dead.
No, he’s pulling it from the ITEP report [here](https://itep.org/88-profitable-corporations-paid-zero-income-tax-in-2025/), but neither ITEP nor Bernie has access to the corporate tax returns for these entities. In fact, most (if not all) of these corporations haven’t even filed their 2025 tax returns yet
ITEP pulls it from the income tax expense reported on the 10-K, but this isn’t the same thing as the tax that actually ends up getting paid
Just from a cursory look at the 88 corps listed, I’m involved with the taxes for 2 of them right now, and both of them are absolutely going to be paying tax when the return gets filed
Don’t worry all of their lower level employees are paying their share.
it can be, you can carry forward losses from previous years to offset your current years tax burden
Bernie is suggesting doing away with this which would be detrimental to incentivizing businesses to operate in the US and take on the risk of providing capital
Neither the dems or republicans have any inclination to alter this tax code
He is pandering to the uninformed
Disney pays billions of dollars of taxes annually Payroll,sales, etc.
The corporate income taxes are often reduced by depreciation and other investments. These aren’t unquie to Disney.
It’s called deductions. Politicians lie and obfuscate the truth in order to push their policies. These shock posts work on the weak minded.
Possibly, there are lots of corporate tax laws that allow companies to carry forward prior year losses (even if they’re profitable) and offsets the corporate tax due.
The ITEP Report says: 88 Corporations, $105 Billion in Profits, Zero Federal Income Tax. These are not companies loosing money, but making money. Also, they are not doing anything illegal. The point is that the tax code is not fair to the common worker. Democrats tend to favor a more progressive tax system than Republicans. In some countries companies have to publicly release their tax returns, maybe that should be the law in the U.S. for companies of certain size. Remember when U.S. president used to release their tax returns.