51–60 of 168 posts
Earlier quoted context omitted.
It's not just corporate rates. Doubling the standard deduction is the most reckless thing that has ever been done to our federal tax code for individuals. The fact that I am going to pay an effective 15% this year on a $100k salary is absolutely insane.
Ish, this really benefits renters and penalizes property owners.
Their efficiency is impressive. On an annualized basis, they are doing ~$120B. They have ~85k employees. That means they are generating ~1.5M Revenue Per Employee. That's crazy
Earlier quoted context omitted.
It's not just corporate rates. Doubling the standard deduction is the most reckless thing that has ever been done to our federal tax code for individuals. The fact that I am going to pay an effective 15% this year on a $100k salary is absolutely insane.
Ish, this really benefits renters and penalizes property owners.
Their efficiency is impressive. On an annualized basis, they are doing ~$120B. They have ~85k employees. That means they are generating ~1.5M Revenue Per Employee. That's crazy
>Effective tax rate 11% Absolutely obscene. Literally their entire Net Income increase from $5.4b to $9.4b is due to a tax cut from 20%. We will be paying for this Republican tax policy for the rest of our lives.
Can someone without bias ELI5 on why I pay ~30% in taxes, but Alphabet pays 11%?
Double EPS (non-GAAP) from $7.73 to $13.33... On the downside, effective tax rate is down to 11%. That's concerning because the EU is very unhappy about the whole "double Irish with a Dutch sandwich."
Their efficiency is impressive. On an annualized basis, they are doing ~$120B. They have ~85k employees. That means they are generating ~1.5M Revenue Per Employee. That's crazy
Who is counted in the 85k number? Are low-wage positions (like janitorial services) considered employees, or are they employed through subcontractors?
Earlier quoted context omitted.
The US corporate tax rate is now more in line with the OECD average: https://taxfoundation.org/us-corporate-income-tax-more-compe...
But with just as many loopholes and ways to get around being taxed. Not sure what the tax rate even means if no one pays it anyways. Fixing our corrupt system is the real solution.
For example: If US company X makes $100B in foreign income in 2017 and repatriates that income in 2019, they will book 0% tax paid in 2017.
Similarly, if X pays income tax to a foreign government they will receive credits for tax already paid - but due to accounting practices the US government will not count the credits when publishing the effective tax rate of X. That last point isn't germane to this particular article but it is something behind many of the 'Look at the low tax rate of X' articles you will see around.
Earlier quoted context omitted.
Maybe check Amazon's tax rate before "this Republican tax policy" went into effect prior to blaming low corporate tax rates on one party. If you think lobbyist-driven tax policy in America is ONLY done by Republicans, you should probably expand your reading beyond CNN / WashPo. You're right that the federal government that creates the tax policy is for sale, but it's not just the Republicans.
It's not just corporate rates. Doubling the standard deduction is the most reckless thing that has ever been done to our federal tax code for individuals. The fact that I am going to pay an effective 15% this year on a $100k salary is absolutely insane.
>Effective tax rate 11% Absolutely obscene. Literally their entire Net Income increase from $5.4b to $9.4b is due to a tax cut from 20%. We will be paying for this Republican tax policy for the rest of our lives.