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re: Netflix paid $0 in taxes

Posted on 2/7/19 at 10:32 pm to
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13814 posts
Posted on 2/7/19 at 10:32 pm to
How much money do you think Bezos has sitting in his personal checking account. It's obvious basic economics fly's well over your trailer, but let's see if you qualify for remedial.
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13814 posts
Posted on 2/7/19 at 10:34 pm to
quote:

Millionaires and billionaires too.


You think millionaires and billionaires pay little to no taxes
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/7/19 at 10:35 pm to
quote:

The Republican Party dream...corporations paying little to zero taxes
The only logical corporate tax rate is 0%.

Anything else is idiocy. That average people to recognize the stupidity of corporate taxation is one of life's great mysteries.

quote:

Millionaires and billionaires too.
Are you one of those moron liberals who doesn't know what INCOME taxes are??
Posted by CDawson
Louisiana
Member since Dec 2017
16411 posts
Posted on 2/7/19 at 10:35 pm to
Food stamps should be done away with. Go back to milk and cheese. When the people with food stamps eat better than me with full shopping carts of steak and shrimp it has gotten slightly out of hand.

You don't work, you don't eat.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37084 posts
Posted on 2/7/19 at 11:45 pm to
Loopholes my arse. I can think of two reasons why they have no federal tax liability.

1) They are still using up prior year Net Operating Losses, which means, over the life of the company, they still haven't made any money (which would not be much of a surprise)

2) They are using the new territorial system for income tax, and all of their profit was earned outside the US.
Posted by BeYou
DFW
Member since Oct 2012
6025 posts
Posted on 2/8/19 at 2:35 am to
quote:

I chuckled when the article made it sound like notes to the financial statements are somehow an insider thing.


I laughed at that part as well. As a public accounting employee, the entire article Seemed like a joke.
Posted by BeYou
DFW
Member since Oct 2012
6025 posts
Posted on 2/8/19 at 2:39 am to
quote:

It’s stock comp and r&d credits. Not that sophisticated.


Nah man let them think this is some complex work us accountants are doing...helps keep our job security.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34720 posts
Posted on 2/8/19 at 3:57 am to
Good for Netflix. I applaud anyone who can avoid paying taxes
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 2/8/19 at 6:13 am to
Are Dems still pretending that the Democrat Party ISN'T the Party of Corporate Greed?
Posted by Centinel
Idaho
Member since Sep 2016
43334 posts
Posted on 2/8/19 at 6:24 am to
quote:

The Republican Party dream...corporations paying little to zero taxes. Millionaires and billionaires too. And when it comes to actually paying for big budget items like defense, just run up more debt and keep lying to the people about how all those tax cuts for the rich will somehow "pay for it all."




That's a breathtaking amount of stupid in one post.

Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 2/8/19 at 6:48 am to
Hey stupid, ever hear of multitasking?

We can make sure that Obama's buddies at Netflix (and other billion dollar corporations) pay their fair share AND go after scumbags cheating the welfare system.
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