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Alphabet Q1 2018 Earnings [pdf]

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Re: Alphabet Q1 2018 Earnings [pdf]

#41

Post by [deleted] »

aphextron wrote: post #29
skrowl wrote: post #24

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.

[deleted]

Re: Alphabet Q1 2018 Earnings [pdf]

#42

Post by teraflop »

aphextron wrote: post #10

>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.

How can it be true that their net income doubled because they went from keeping 80% of their profit to keeping 89%?

Re: Alphabet Q1 2018 Earnings [pdf]

#43

Post by kgwgk »

ghazak wrote: post #30
kgwgk wrote: post #21

Earlier quoted context omitted.

If anyone is curious about what companies in the S&P 500 rank higher in the revenue per employee metric: https://craft.co/reports/s-p-500-revenue-per-employee-perspe...

That kinda revenue with those profit margins are the insane thing. I’m less impressed at revenue per employee generated from oil.

Operating margin is 22%, not bad (better than many, probably most, of the companies on that list) but not insane. Apple is better on both metrics.

Re: Alphabet Q1 2018 Earnings [pdf]

#44

Post by alwaysthrowaway »

l1ambda wrote: post #35
aphextron wrote: post #10

>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.

The US corporate tax rate is now more in line with the OECD average: https://taxfoundation.org/us-corporate-income-tax-more-compe...

Note that many US states have their own corporate income tax levies as well. California charges about 10% I believe.

Thus a corporation domiciled in California is still paying a corp tax rate about as high as any in the world.

Re: Alphabet Q1 2018 Earnings [pdf]

#45

Post by alwaysthrowaway »

teraflop wrote: post #42
aphextron wrote: post #10

>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.

How can it be true that their net income doubled because they went from keeping 80% of their profit to keeping 89%?

Other posters report that it's due to an accounting change.

Re: Alphabet Q1 2018 Earnings [pdf]

#46

Post by brink »

aphextron wrote: post #10

>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%?

Re: Alphabet Q1 2018 Earnings [pdf]

#47

Post by jorblumesea »

l1ambda wrote: post #35
aphextron wrote: post #10

>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.

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.

Re: Alphabet Q1 2018 Earnings [pdf]

#48

Post by dindumuffin »

tristanj wrote: post #28
aphextron wrote: post #10

>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.

> Literally their entire Net Income increase from $5.4b to $9.4b is due to a tax cut from 20% Hyperbole. Revenue is up $6.4B YoY from $24.75B to $31.1B.

So... Literally their entire Net Income increase from $5.4b to $9.4b is due to revenue growth of 26%. Absolutely obscene.

Re: Alphabet Q1 2018 Earnings [pdf]

#49

Post by fjsolwmv »

sebleon wrote: post #34
alberth wrote: post #11

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

Seems like a good time for employees to unionize.

Because recenue per employee is dropping?

Re: Alphabet Q1 2018 Earnings [pdf]

#50

Post by okreallywtf »

rayiner wrote: post #32
aphextron wrote: post #10

>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.

Corporate tax raises relatively little revenue, and most Western European countries don’t rely on it much because its easier to tax individuals. If we don’t want to be getting more in debt we should raise taxes on middle class people to the level of say Germany. In a state like California, our taxes on rich people and corporations are already about as high as in Germany, its our taxes on people making sub-200k that r…

That may be true (I haven't checked), but my guess is that germany (and most other western nations) offer a lot more government services for that level of tax. Taxing the middle class here the same as say, norway doesn't make sense unless you offer the same services. My half-decent insurance plan is one of my biggest monthly expenses and I'm lucky that it doesn't impact me too much. Many other "middle-class" people are barely getting by as it is.
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