News for hackers. Stuff that matters.

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 JDiculous on Wednesday February 06, 2019 @02:54PM (#19099145)
> Taxing a business is taking real money away from payrolls

By that same logic, taxing personal income is akin to taking money away from the goods/services/investments that that person would've spent that foregone income.

There's nothing special about businesses that warrants them special privileges.

[ Parent | on HN ]
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by Spivak on Wednesday February 06, 2019 @03:57PM (#19099870)
The special privilege is that a business is a group of people all of which get taxed individually.

Money goes into the business, gets taxed, and then goes to employees and taxed again or to shareholders as profits and taxed again.

Why tax twice?

[ Parent | on HN ]