U.S. Senator and presidential candidate Bernie Sanders received a harsh fact-check in reality when his attack on a major job producing company backfired.

In a recent speech to employees on strike with Verizon, the openly socialist Democrat attacked the company claiming, “in a given year [Verizon] has not paid a nickel of taxes.”

But that is an outright lie.

And it didn’t sit well with Verizon’s CEO, Lowell McAdam, who took to the professional social network, LinkedIn, and dissected Bernie’s accusations bit-by-bit.

In his post, “Feeling the Bern of Reality — The Facts About and the ‘Moral Economy,’” McAdam confirmed that Verizon pays quite a few nickels in taxes:

“Verizon is in Sanders’s bull’s-eye, as well. The senator’s uninformed views are, in a word, contemptible. Here’s why.

His first accusation – that Verizon doesn’t pay its fair share of taxes – is just plain wrong. As our financial statements clearly show, we’ve paid more than $15.6 billion in taxes over the last two years – that’s a 35% tax rate in 2015, for anyone who’s counting.

We’ve laid out the facts repeatedly and did so again yesterday (see ‘Sen. Sanders needs to get his facts straight’ at Verizon.com/about/news). The senator has started to fudge his language – talking of taxes not paid in some unspecified ‘given year’ – but that doesn’t make his contention any less false.”

But the Vermont senator continued his socialistic rhetoric claiming Verizon doesn’t use their profits to benefit America.

In actuality, Verizon – like many corporations – spend significant portions of their profits investing in the country and local communities.

In addition to employing thousands of Americans, and earning the number one rank as an employer for military veterans in Military Times Best for Vets in 2015, Verizon invests billions in American infrastructure:

“Sen. Sanders also claims that Verizon doesn’t use its profits to benefit America.

Again, a look at the facts says otherwise. In the last two years, Verizon has invested some $35 billion in infrastructure — virtually all of it in the U.S. — and paid out more than $16 billion in dividends to the millions of average Americans who invest in our stock.

In Sanders’s home state of Vermont alone, Verizon has invested more than $16 million in plant and equipment and pays close to $42 million a year to vendors and suppliers, many of them small and medium-sized businesses.”

Verizon also issued a public policy article on their website which Federal Government Relations Vice President Mark Mullet slammed not just Bernie Sanders – but the federal government’s current tax laws:

“In addition, over this same two-year period – when the company paid out $15.6 billion in taxes – Verizon also invested nearly $35 billion in capital expenditures to bring broadband and wireless services to millions of businesses and consumers.

There is wide bi-partisan agreement in Washington that it’s the tax code that is broken and needs to be fixed so that all Americans might benefit.

And Verizon agrees:

The U.S. Corporate tax rate is the highest in the world, but there are too many loopholes. This is counterproductive and results in U.S. companies being uncompetitive on the world stage.

As seen in recent headlines, it also results in ‘inversions’ whereby U.S. companies become domiciled overseas to get out from under the 35% burdensome rate (competing nations average less than a 25% rate). More recently the trend is for U.S. companies to become ‘targets’ as they are being purchased by foreign owned companies that pay lower rates.

The answer is to lower the U.S. rate to a competitive level and close the tax loopholes to assure companies actually pay that rate. Verizon has joined with many others to support this simple concept and urge more to join us, and together urge Congress to act.

Verizon is one of the largest taxpayers and investors in America (both in terms of people and capital). Any claim that the company has avoided paying its fair share of taxes is demonstrably false.

Despite being publicly called out on his blatant lies, Bernie’s campaign has yet to respond to Verizon.

Like any good socialist, Bernie’s refuses to let the truth get in the way of a good story.

And though Bernie has been successful in recruiting apathetic millennials and college students for his war against capitalism, securing the Democratic nomination has proven to be less successful for the socialist.