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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 throwaway190102 on Wednesday February 06, 2019 @02:20PM (#19098724)
You are correct. Payroll is part of expenses.

Oversimplified:

Profit = $Revenue - $Expenses

Tax = $profit % $Tax_rate

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