individuals should be able to take advantage of the same tax rules as corporations.
In 2025, Meta paid an effective federal tax rate of 3.5%
11–20 of 146 posts
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#12Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#13It’s starting to feel almost hilarious how much of comically evil villains they are. I picture them as Robbie Rotten from LazyTown. https://characterprofile.fandom.com/wiki/Robbie_Rotten
Maybe it’s just more visible now but it seems like these companies are really accelerating in their evil lately. Probably because they know this admin’s going to do jack shit to protect people. Would be funny if it wasn’t also so scary.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#14Where is this figure coming from? According to Meta's press release, the effective tax rate is 30% [1].
> The full year 2025 provision for income taxes includes the effects of the implementation of the One Big Beautiful Bill Act during the third quarter of 2025. Absent the valuation allowance charge as of the enactment date, our full year 2025 effective tax rate would have decreased by 17 percentage points to 13%, compared to the reported effective tax rate of 30%.
[1]: https://investor.atmeta.com/investor-news/press-release-deta...
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#15Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#16Unless he links directly to evidence that backs up what he says, I’ve learned to tune out Robert Reich.
For a guy who is a Rhodes Scholar, a college professor, and a former Secretary of Labor he has a remarkable tendency to leave out qualifying context when making these statements.
He’s smart enough to formulate arguments with the appropriate context and still make it accessible to the general public - but he consistently chooses not to.
A few weeks ago he was trying to compare the “millionaire tax” of my home state of Massachusetts, with the proposed California wealth tax as evidence that the California tax would not cause flight of wealthy taxpayers:
https://www.facebook.com/RBReich/videos/what-really-happens-...
Never once did he mention that the Massachusetts tax is a bog standard conventional tax on income, compared to this new concept of a global total wealth tax.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#17Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#18individuals should be able to take advantage of the same tax rules as corporations.
I mean you can. If you read the actual article:
https://itep.org/meta-tax-breaks-trump-mark-zuckerberg/
You just have to buy of equipment used for a business purpose that you can depreciate. You then put these on Form 4562 or something.
This is a bit tongue in cheek. The American tax system is set up to tax at the point of consumption. There'd be no difference in how much money actually ended up in your hand if we switched everything over to a VAT, except a lot of people would probably be relieved of the psychological burden of taxes.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#19I wonder if tax returns of corporations could be made public data.
Re: In 2025, Meta paid an effective federal tax rate of 3.5%
#20individuals should be able to take advantage of the same tax rules as corporations.
Well, we need taxes to have a functioning economy. So what is really needed is that we close loopholes that allow corporations to pay less than individuals
Taxes is a net benefit (at least here in Europe): you basically get better services (that you would pay anyway) for much cheaper: education, healthcare, culture, etc