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by EpicEng 2907 days ago
>[Netflix]... is still not helping the individual. Netflix isn't giving back to society

Netflix

* employs 5500 people

* generates $11.7B in revenue

* pays taxes on that $11.7B

* provides me with media I enjoy watching at a reasonable price

If you don't believe those things benefit society then fine I guess, but it's not a reasonable position.
1 comments
dingaling 2907 days ago
> pays taxes on that $11.7B

No company pays tax on revenue.

Netflix profit is less than 10% of revenue.

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EpicEng 2907 days ago
True, though certainly its employees are paying taxes. Netflix reported a profit of $558.9 million on 2017 and is on Pace to blow that out of the water this year. You're saying none of that was taxable? I get that there are plenty of ways to avoid paying taxes on profits, but really, they paid _nothing_?

It's all rather beside the point anyway. Saying that Netflix privdes no individual or societal benefit is just wrong.

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