Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent

Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by smaryjerry on Monday April 05, 2021 @10:52PM (#26707484)

And who decides when it has “stopped working.” It is standardized to 39 years because it is impossible to prove for every single item individually and people would then be incentivized to not take care of their possessions so they can finally deduct it. This is all besides my original point which is that accelerated depreciation is a big factor in determining whether projects occur, the opposite of the article. You yourself are calling it a subsidy and a loan, and so even if your reasoning is wrong, would agree with me that it is something that helps make a project feasible. So all this arguing is just you trying to argue. Get your CPA and talk to me again.

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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by Retric on Monday April 05, 2021 @11:03PM (#26707545)

> And who decides when it has “stopped working.”

Initially the company, though audits and penalties help keep them honest.

> accelerated depreciation is a big factor in determining whether projects occur

And clearly that’s a problem. Just as government farm subsidies waste money growing excess food accelerated depreciation causes significant economic waste.

> CPA

Ahh, there’s your problem a CPA has nothing to do with economic issues. This is an economic and thus a policy issue but you’re trying to argue based on the existing law rather than the underlying reality. I don’t expect you to get a in depth education on the topic, but if you’re interested I can recommended some good books to get you started.

But to summarize a huge body of work, the broken window fallacy demonstrates that economic activity isn’t inherently beneficial. Maximum efficiency isn’t equivalent to maximum GDP etc. As such policies that increase economic activity can be and generally are detrimental.

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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by smaryjerry on Tuesday April 06, 2021 @02:37AM (#26708695)

Didn’t read, I’m not here to teach you accounting.

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Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L... by Retric on Tuesday April 06, 2021 @07:15AM (#26710489)

Sure, I point out being a CPA is meaningless here and you get really defensive. Grow up and you might break 200 karma before 2022.

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