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Netflix Paid No U S Taxes In 2018

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ucbruin

ucbruin

Elite Member
Joined
Mar 11, 2014
Professional Status
Certified Residential Appraiser
State
Massachusetts
A 2017 ITEP report identified Netflix as one of 100 profitable Fortune 500 corporations that paid a 0 percent federal income tax rate in at least one profitable year between 2008 and 2015. In fact, Netflix did it twice, and paid an average tax rate of 13.6 percent over the eight-year period, meaning that the company sheltered more than half of its profits from the 35 percent federal income tax rate in effect at the time.

https://itep.org/netflix-posted-biggest-ever-profit-in-2018-and-paid-0-in-income-taxes/

One needs to study the corporate tax code to know how it was done back then and how it is being done now.
 
Walter Kirk said:
Good for Netflix! We can assume that the profits in question will be paid to the stockholders who will then pay the taxes.
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This is what people do not understand. Corporations are not just taxed for their income as a corporation. When they pay dividends that income is taxed. I get so irritated when politicians want to raise taxes on corporations because somehow they are seen as those big bad boys. The fact is I as a middle class stockholder own part of that corporation, and I’d like a dividend!
 
homesweethome said:
This is what people do not understand.
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Repeat after me: "All corporations are bad" and especially when one reads misleading "news" from publications like The Guardian or Common Dreams.
 
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