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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by sokoloff on Monday April 05, 2021 @07:35AM (#26697714)
They didn’t claim their federal tax liability was 40%; they claimed they were paying 40% total tax rate on the acquisition-related income, something which is true for most employees in most states for many acquisitions.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by lotsofpulp on Monday April 05, 2021 @07:42AM (#26697759)
I’m aware, but I don’t see how that has a relevance to discussion Netflix’s federal income tax liability. My point was people in these comments are throwing out personal tax liability figures for comparison including various things such as state taxes, social security, Medicare, which makes things not very comparable.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by sokoloff on Monday April 05, 2021 @08:02AM (#26697894)
Because people are people and not math proof generation engines.

Someone worked hard, achieved an intermediate goal that they hoped was going to move them one rung up the economic ladder only to find out that taxes took a much larger bite than they’d hoped or previously considered. So, they’re naturally discouraged to read about some big company somewhere paying a much lower overall rate while comparing it to their own.

Perhaps the real question is why the authors of these articles don’t put everything into terms more directly relatable to the people reading the article? That’s because doing so makes for less outrage-sharing of the article.

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by tenaciousDaniel on Monday April 05, 2021 @07:41AM (#26697754)
Yep, total tax rate.