In 2025, Meta paid an effective federal tax rate of 3.5%
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Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#2[flagged]
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#3I sometimes wonder how much net negative for humanity this company is. From the big players probably one of the worst.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#4Can someone make a startup that allows me to do this as an individual?
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#5It’s starting to feel almost hilarious how much of comically evil villains they are.
I picture them as Robbie Rotten from LazyTown.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#6> Trickle-down economics isn't just a hoax, it's corrosive to democracy.
It's a hoax in that it's a straw man that no one advocates for.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#7Being pro businesses, it's only available for big corporations because as a self-employed, it's close to 30%.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#8Can someone make a startup that allows me to do this as an individual?
Join that startup as a founder, have a million+ exit and you will have the capability to do this as an individual.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#9Conventional conservative/capitalist wisdom is that corporations "don't pay taxes" because they just "pass it along to consumers as higher prices". That's why the juxtaposition here, that they are spending tens of millions to influence elections, is important. If corporations were just efficient market operators that moved goods and services, why so much lobbying? It's because the rich owners of corporations realized that with a small tweak, which we know retroactively as "Citizens United vs FEC", they could harness their corporate ownership to control the political, social, and governance landscape of the world.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#10Being pro businesses, it's only available for big corporations because as a self-employed, it's close to 30%.
I'm SE and there are quite a few tax breaks available, especially if you structure as a S-Corp. The hard part is figuring out what all tax breaks are available as they're constantly changing, like last year you can deduct dental insurance premiums.
I still pay an eye watering amount, and being SE shows you the brutality of the system (estimated taxes are insane, especially the payment schedule for them when you're NET 30/60).