Sen. Bernie Sanders (I-VT) highlighted the tax inequities of major corporations and billionaires, emphasizing the need for wealth tax reform.
What Happened: On Tuesday, Sanders posted on X a list of several major corporations and billionaires who, according to him, paid less in federal income taxes than an individual who paid just $1. The list included Tesla Inc. (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), and Nike (NYSE:NKE), as well as billionaires Elon Musk and Jeff Bezos.
Sanders pointed out that these entities paid little to no federal income taxes in various years. For instance, Tesla paid zero federal income tax on $2.3 billion of U.S. income in 2024, as per ITEP data.
Full story available on Benzinga.com
Sen. Bernie Sanders (I-VT) highlighted the tax inequities of major corporations and billionaires, emphasizing the need for wealth tax reform.
What Happened: On Tuesday, Sanders posted on X a list of several major corporations and billionaires who, according to him, paid less in federal income taxes than an individual who paid just $1. The list included Tesla Inc. (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), and Nike (NYSE:NKE), as well as billionaires Elon Musk and Jeff Bezos.
Sanders pointed out that these entities paid little to no federal income taxes in various years. For instance, Tesla paid zero federal income tax on $2.3 billion of U.S. income in 2024, as per ITEP data.
Full story available on Benzinga.com
Sen. Bernie Sanders (I-VT) highlighted the tax inequities of major corporations and billionaires, emphasizing the need for wealth tax reform.
What Happened: On Tuesday, Sanders posted on X a list of several major corporations and billionaires who, according to him, paid less in federal income taxes than an individual who paid just $1. The list included Tesla Inc. (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), and Nike (NYSE:NKE), as well as billionaires Elon Musk and Jeff Bezos.
Sanders pointed out that these entities paid little to no federal income taxes in various years. For instance, Tesla paid zero federal income tax on $2.3 billion of U.S. income in 2024, as per ITEP data.
If you paid $1 In federal income taxes, you paid more than:Tesla in 2024 & 2022AT&T in 2021Nike in 2020FedEx in 2020Dish Network in 2020Amazon in 2017-2018Elon Musk in 2018Jeff Bezos in 2007 & …Full story available on Benzinga.com Read MoreAMZN, benzinga neuro, Bernie Sanders, Elon Musk, Jeff Bezos, News, NKE, Trump Administration, TSLA, Markets, AMZN, US0231351067, NKE, US6541061031, TSLA, US88160R1014, News, Markets, Benzinga News
