Big_Joosh t1_j7giomu wrote
I love these diagrams because it really shows who understands corporate taxes.
Those who see the 11b and complain simply don't know how to read a 10-K, which is fine but it becomes a problem when everyone latches onto that and it ends up affecting policy decisions.
Truth is, Alphabet paid nearly $19 billion in taxes, according to cash taxes paid on the cashflow statement (a much better proxy for income taxes paid).
That equates to ~26.5%, which is higher than the 21% corporate tax rate.
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