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A comment on Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes. Parent comment

Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by mikeash on Wednesday February 06, 2019 @01:27PM (#19098064)
Even worse, individuals pay taxes on revenue, not profit, aside from a very narrow set of deductible expenses.
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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by harryh on Wednesday February 06, 2019 @01:54PM (#19098363)
That's not worse.

Humans all have basically the same expense structure so taxing revenue makes sense. Corporations from different industries have wildly different expense structures so taxing on revenue would be nonsensical: you would end up undertaxing high profit industries like tech or pharma and massively overtaxing low profit industries like retail.

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