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Street-Individual292 t1_isdn4m3 wrote

Reply to comment by slayer828 in [OC] Google IPO vs Now - breaking down revenue and profit sources by giteam

How is that sickening?

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Ricksterdinium t1_isdwglj wrote

How is it not??

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nworb200 t1_ise072k wrote

70% tax is sickening. Why even fucking bother?

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Street-Individual292 t1_isfsru1 wrote

Because their reported effective tax rate isn’t the rate they actually pay. The large difference between the two rates mainly come from the way they have to report stock compensation

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slayer828 t1_isekfca wrote

70% is too much, 16% is too little. Why should they pay less taxes than the middle class.

The company SHOULD pay more in taxes then the workers who make the billions.

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garygoblins t1_iselz0y wrote

While I agree corporations don't pay quite enough, people actually don't pay more than this. The vast majority pay a much lower effective tax rate.

"The Tax Foundation derives an average tax rate of 14.6% for the top 50% of taxpayers, just 3.4% for the bottom 50%, and an average of 13.3% overall."

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Street-Individual292 t1_isepnng wrote

They’re not paying less tax than the middle class. Corporate effective tax rates are calculated very differently than individual rates

A rate of 16% doesn’t actually mean they’re paying 16% of their profit in tax

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