Big_Joosh
Big_Joosh t1_j7giu2q wrote
Reply to comment by no_buses in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy
What's your average tax rate?
Big_Joosh t1_j7giomu wrote
Reply to [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy
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.
Big_Joosh t1_j7hit15 wrote
Reply to comment by no_buses in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy
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%. 65% higher than your average tax rate, and higher than the 21% corporate income tax rate.