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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 ipaddr on Monday April 05, 2021 @08:01AM (#26697889)
If you are paying 40%-50% you will never move up classes. It is a tool to prevent the middle class from reaching rich person status.

For the poorest many are paying no or little income taxes so the income is the issue not the taxes.

[ Parent | on HN ]
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by babygoat on Monday April 05, 2021 @08:37AM (#26698170)
That makes no sense. How can you do away with progressive taxation without increasing the tax burden on the lower and middle classes?
[ Parent | on HN ]