Additional-Local8721 t1_j9n8st3 wrote on February 23, 2023 at 4:29 AM

Reply to comment by LSeww in [OC] Apple’s 2022 Income Statement Visualized with a Sankey Diagram by Square_Tea4916

Well, seeing that Net Income is ways lower than total assets since NI is rolled into equity, that's even worse. Their effective tax rate is probably closer to 1 or 2% then.

wanmoar t1_j9o4sbj wrote on February 23, 2023 at 10:57 AM

Simple maths suggests their effective tax rate was around 19%

LSeww t1_j9n9ir9 wrote on February 23, 2023 at 4:35 AM

Depending on a year, their effective tax rate was from 13 to 26%

TargetMost8136 t1_j9odvy9 wrote on February 23, 2023 at 12:41 PM

How is their effective tax rate 1-2% if they paid $19bn in taxes

Jerund t1_j9ogy0d wrote on February 23, 2023 at 1:09 PM

You know how to do math? 19 billion divided by 119billion. Doesn’t look like 1-2% to me. Around 16%

Nairne_ t1_j9omwtz wrote on February 23, 2023 at 1:59 PM

Counterpoint: that’s not how either of those things work.