GOP Tax “Reform” Example: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

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. In fact, the company reported a $22 million federal income tax rebate.

After a year of speculation and spin, the public is getting its first hard look at how corporate tax law changes under the Tax Cuts and Jobs Act affected the tax-paying habits of corporations. The law sharply reduced the federal corporate rate, expanded some tax breaks and curtailed others. The new tax law took effect at the beginning of 2018, which means that companies are just now closing the books on their first full year under the new rules.

If Netflix’s earnings report is any indication, not much has changed. Many corporations are still able to exploit loopholes and avoid paying the statutory tax rate—only now, that rate is substantially lower.

ITEP (Institute on Taxation and Economic Policy)

Older, right-leaning Twitter users spread the most fake news in 2016

In a new study published Thursday in the journal Science, political scientists surveyed the inhabitants of this Internet pocket around the time of the last presidential election, from Aug. 1 to Dec. 6, 2016. They found that people who shared fake news were more likely to be older and more conservative. “Super-sharers” were responsible for the bulk of fake news, soaking their Twitter feeds in falsehoods with the gusto of kids with water pistols. They were enthusiastic communicators, tweeting an average of 70 times a day, and had a very limited reach.

Washington Post

Tax Cuts for the Rich, Cuts in Services for the Rest of Us

I recently tried to call the IRS about a bill I received. I was put on hold and after an hour of waiting I gave up and wrote a letter instead. About a month later, the IRS sent me a letter saying they would respond within a month or so.  The response I finally received, about two months later, did not answer all of my questions.

Republicans went on a yuge “cost-cutting” spree several years ago which has cut agencies such as the IRS and Social Security to the bone.

Do you need to contact one of those agencies?  Good luck.
But don’t worry…the rich and corporations still got $1.5 trillion worth of tax cuts, thanks to the GOP.

Read:

Trump the Madman on Voting and Cereal

The moron is absolutely fucking nuts!  In an interview he said this about voting:

“When people get in line that have absolutely no right to vote and they go around in circles. Sometimes they go to their car, put on a different hat, put on a different shirt, come in and vote again. Nobody takes anything. It’s really a disgrace what’s going on.”

He also still claims you must have an i.d. when buying cereal (really)!

“If you buy a box of cereal — you have a voter ID. They try to shame everybody by calling them racist, or calling them something, anything they can think of, when you say you want voter ID. But voter ID is a very important thing.” [The moron made the same sort of lying claim earlier!]

Washington Post

THIS GUY IS NUTS!

What’s equally nuts?
Repubicans who obediently enable the disgrace to the United States.

Trump: The World’s Record as the Butt of Jokes

Did you hear the one about President Trump? Or, more precisely, did you hear all 3,128 jokes?

A think tank that has studied the content of late-night comedy for the past 26 years said Donald Trump was the butt of more jokes in 2017 than any other public figure has for a single year. By a lot.

He beat the previous record of 1,816, set by Trump as a presidential candidate in 2016, said the Center for Media and Public Affairs at George Mason University in a study released Friday. Prior to that, the record was 1,717 by former President Bill Clinton in 1998, the year of Monica Lewinsky.

AP