Total taxes paid by NewsCorp/FoxNews for 2006-2010: NEGATIVE $4.8 BILLION

[Soral]

Over the past four years Murdoch's U.S.-based News Corp. has made money on income taxes. Having earned $10.4 billion in profits, News Corp. would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. Instead, it actually collected $4.8 billion in income tax refunds, all or nearly all from the U.S. government.

The relevant figure is the cash paid tax rate. This is the net amount of corporate income taxes actually paid after refunds. For those four years, it was minus 46 percent, disclosure statements show.

Even on an accounting basis, which measures taxes incurred but often not actually paid for years, News Corp. had a tax rate of under 20 percent, little more than half the 35 percent statutory rate, company disclosures examined by Reuters show. News Corp. had no comment.

http://www.reuters.com/article/2011/07/12/column-dcjohnston-murdoch-idUSN1E76A1NH20110712

[checks-n-balances]

1. THIS needs to be broadcast on EVERY network and over the internet

Hope that will hit home with average-to-lower income earners, regardless of political affiliation...

[librechik]

2. bastards n/t

[MADem]

3. Spread the word...maybe we can get D legislators to craft a bill that sticks it to him

and others in the same boat but good.

[K8-EEE]

4. I remember them getting all upset about GE not paying taxes???

And NBC "not reporting it until Wednesday instead of Tuesday" or something.

[SolutionisSolidarity]

5. This is not true.

The author misread the tax documents, and has retracted his story. They paid 4.8 billion in taxes.

http://www.reuters.com/article/2011/07/13/column-dcjohnston-murdoch-idUSN1E76C25320110713

[NotThisTime]

6. The other relative question is, how much did the other networks pay, if anything?