ITEP company blog
Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent
Netflix’s “current” federal income tax for 2020 was $24 million, which equals just 0.9 percent of the company’s pretax income for the year. This is another way of saying Netflix paid an effective federal income tax rate of just 0.9 percent in 2020. If the company paid the statutory rate, its tax bill would be $572…
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Tech Industry & BusinessSociety, Policy & Culture2021
On Hacker News
| Submitted | Title on HN | Points | Comments |
|---|---|---|---|
| Apr 5, 2021 | Netflix Made Record Profits in 2020, Paid a Tax Rate of Less Than 1 Percent by lurtbancaster | 323 | 391 |
