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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 AlexTWithBeard on Wednesday February 06, 2019 @02:00PM (#19098445)
Individuals pay taxes on income as well.

Professional expenses are usually deductible, but most of W2 people (including myself) don't have too much to deduct.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by andrewla on Wednesday February 06, 2019 @02:24PM (#19098778)
I guess I should have said "businesses pay taxes on profit" instead of "income". Any expenditures that can be reasonably said to work towards the operation of the business are deductible. For individuals that is clearly not the case; things like paying for food to eat, rent, medical expenses (generally), or purchases of cars, etc., are explicitly excluded.
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