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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%

#9
Conventional 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%

#10

Being 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).

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