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Netflix paid no dividend right? And Netflix has not (so far) run a share buy back. So they're either sitting on the excess cash, or they've spent it making mo
by LatteLazy 6y ago
Netflix paid no dividend right?
And Netflix has not (so far) run a share buy back.
So they're either sitting on the excess cash, or they've spent it making more programs. In either case this is exactly what the current tax code is designed to incentivise. Businesses should invest. That's the whole point of taxing profits not net income...
- Fern_Blossom 6y agoIf they're using their profits for purchases or hiring folks for new shows, the "tax" comes out of the sales tax and the income tax. I mean, this isn't as mustache twirling as people are making it out to be. The tax code is not that messed up. It has problems yes, but being pissed at a company that's reinvesting their income and not showing a profit is like complaining that the guy/gal that's been running for years won a race. It's not like the tax code is reserved only for a select few. It applies to all Americans. Play the game.