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A comment on Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent. Parent comment

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by lotsofpulp on Monday April 05, 2021 @07:02AM (#26697486)
> If you are a worker, it is not uncommon to pay over 40% of tax and if you work on your own small business you can pay even more and have very little left to reinvest.

Not true according to this:

https://files.taxfoundation.org/20200225094221/FF697-01.png

https://taxfoundation.org/summary-of-the-latest-federal-inco...

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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by varispeed on Monday April 05, 2021 @07:06AM (#26697517)
I am writing from European perspective, I should add that. However I read that in some states it is quite similar.
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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by lotsofpulp on Monday April 05, 2021 @07:10AM (#26697545)
The linked article is referencing federal income tax in the US.

If state and other local taxes need to be factored in, the situation becomes much more complex and almost impossible to compare.

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