News for hackers. Stuff that matters.

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 ysavir on Monday April 05, 2021 @08:50AM (#26698264)
Of course not. The $155k tuition is the loss. The $150k loan is just a sudden influx of money used to compensate for the investment losses, the same as a company receiving investment funding.
[ Parent | on HN ]
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by Schiendelman on Monday April 05, 2021 @05:20PM (#26704874)
It's not a loss - it's training. If the individual created a sole proprietorship it might be deductible, too.
[ Parent | on HN ]