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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 anonymous5133 on Wednesday February 06, 2019 @03:30PM (#19099544)
lol yes there is. If investment income is taxed at 50% (top federal bracket + top state income tax rate) then who in their right mind is going to risk their capital? lol, I know I absolutely wouldn't.
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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by memmcgee on Wednesday February 06, 2019 @07:07PM (#19101593)
Then what would you do with all your capital? Sit on it? I highly doubt it. You'd either spend it (which is good) or invest it because 50% of more money is still more money.
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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by dlp211 on Wednesday February 06, 2019 @04:08PM (#19099957)
That is not how marginal tax rates work. I'm also completely fine moving to an inflation based basis system if capital gets the same tax treatment as labor.
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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by anigbrowl on Wednesday February 06, 2019 @06:48PM (#19101433)
If investment income is taxed at 50%

Love it when people shoot down proposals I never made

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