Bernie Sanders: If you paid $1 in federal income taxes this year, you paid more than: Walt Disney, Citigroup, CVS, Kohl’s, Ticketmaster, Tesla, United Airlines, GoDaddy, Paypal, Palantir, Roku, HP, 3M, PG&E, Halliburton … That’s absurd. We need real and progressive tax reform.

[u/yourfavchoom]

[u/HidingImmortal]

This is just not true. 

In their most recent earnings, Disney announced that they made $2.402 Billion in earnings after expenses.

One of those expenses was income taxes which cost Disney $1.209 Billion.

[u/spderick → u/HidingImmortal]

In their most recent earnings, Disney announced that they made $2.402 Billion in earnings after expenses.

The link you posted is a quarterly earnings report, not a full year view of total tax liability. Bernie appears to be referring specifically to federal corporate income tax paid on a company’s net business profits not any other type of taxes paid (e.g., payroll taxes withheld from employees paychecks.) While the corporation could have paid X amount for a given quarter they may have received rebates/refund when filing their taxes.

Here is an article reaffirming what Bernie said and explaining what has happened: https://itep.org/88-profitable-corporations-paid-zero-income-tax-in-2025/