Re:Netflix paid just 1.1 percent in Federal Tax
by Supermancho on Thursday February 03, 2022 @11:59AM
(#30194984)
> saved on taxes due to depreciation
This is regressive tax policy and the crux of the issue of fairness. The less money you have, the more liability you carry. The more money a corporation has, the more they can avoid taxes without actually offsetting (paying back to the public) from depreciation accounted by nature of their assets. Some of these assets may not even be fully owned, which is a separate gaming of the system.
If the balance is to be theoretically paid through the economics of purchasing more goods, it's the same regressive trickle-down economics that has never been shown equivalent to tax revenue...by passing on the tax liability to smaller and smaller entities, who end up effectively paying the larger entity's tax burden.
This is regressive tax policy and the crux of the issue of fairness. The less money you have, the more liability you carry. The more money a corporation has, the more they can avoid taxes without actually offsetting (paying back to the public) from depreciation accounted by nature of their assets. Some of these assets may not even be fully owned, which is a separate gaming of the system.
If the balance is to be theoretically paid through the economics of purchasing more goods, it's the same regressive trickle-down economics that has never been shown equivalent to tax revenue...by passing on the tax liability to smaller and smaller entities, who end up effectively paying the larger entity's tax burden.