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YOU AND I PAID $213,000,000 OF MURDOCH'S DOMINION SETTLEMENT - 4.21.23

Countdown with Keith Olbermann

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The Death of Rupert Murdoch

Murdoch's settlement with Dominion has indeed come in part from a generous donation by us, the taxpayers of America. The IRS has repeatedly affirmed that for major corporations paying out settlements is just part of the cost of doing business. Fox reported net income of a billion to last year and it paid a combined state and federal corporate tax rate of 27% last year. And if none of the settlement with Dominion was covered by any insurance, Murdoch would be able to write off the entire 787 and a half million asjust part of thecost of doing business - $213 million courtesy me. I can confirm tax deductibility said Fox corporate chief communications officer Brian Nick but not the amount.

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