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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%

#41

Post by jannyfer »

randomtoast wrote: post #32
shubhamjain wrote: post #14

Where 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%, co…

That's why I often ask for "Source?" — because sometimes people seem to make up numbers. However, whenever I do this, I receive a large number of downvotes. Maybe it's not common on HN to back up claims with sources.

There is another possibility. “Source?” is a low effort comment, but GP’s is not.

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#42

Post by vjvjvjvjghv »

butterbomb wrote: post #27
kelvinjps10 wrote: post #7

Being pro businesses, it's only available for big corporations because as a self-employed, it's close to 30%.

> it's only available for big corporations because as a self-employed, it's close to 30%. Well maybe instead of complaining you should simply just generate more economic value. If Meta disappeared tomorrow it would hit the US economy, if you disappeared tomorrow it wouldn’t even be noticeable in the stock market.

Sorry that’s a horrible take. Basically you are embracing “too big to fail”.

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#43

Post by havefunbesafe »

candiddevmike wrote: post #8
nmitchko wrote: post #4

Can 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.

Effective exit rate tax is around 24%

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#44

Post by randomtoast »

Taek wrote: post #40
randomtoast wrote: post #32

Earlier quoted context omitted.

That's why I often ask for "Source?" — because sometimes people seem to make up numbers. However, whenever I do this, I receive a large number of downvotes. Maybe it's not common on HN to back up claims with sources.

It's more likely your attitude rather than your quest for verification that gets you downvotes.

My intentions are sincere, maybe it is the wording.

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#45

Post by bilekas »

yoyohello13 wrote: post #13
hsuduebc2 wrote: post #5

It’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.

> Maybe it’s just more visible now but it seems like these companies are really accelerating in their evil lately.

Well I mean they have no incentive to behave any other way, if anything they are rewarded via the shareholders. Number goes up when they perform mass layoffs. That tells you everything you need to know.

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#46

Post by datsci_est_2015 »

shubhamjain wrote: post #14

Where 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%, co…

Yeah this is a weird low quality submission to HN (no offense OP). Microblogging has questionable value for anything beyond “hot takes” and “breaking news” (and keeping people angry and misinformed enough to vote).

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#47

Post by randomtoast »

jannyfer wrote: post #41
randomtoast wrote: post #32

Earlier quoted context omitted.

That's why I often ask for "Source?" — because sometimes people seem to make up numbers. However, whenever I do this, I receive a large number of downvotes. Maybe it's not common on HN to back up claims with sources.

There is another possibility. “Source?” is a low effort comment, but GP’s is not.

[flagged]

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#48

Post by ovi256 »

shubhamjain wrote: post #14

Where 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%, co…

I bet the two sources won't agree on what values go into the denominator and / or numerator of their effective tax rate calculations. It can be as simple as the 3.5% being a calculated rate on revenue rather than profit

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#49

Post by shubhamjain »

abeppu wrote: post #39
shubhamjain wrote: post #14

Where 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%, co…

I think it's from this: https://itep.org/meta-tax-breaks-trump-mark-zuckerberg/

The post seems to be comparing quarterly figures for tax with annual profit. The doc they cite clearly $25B as provision for income tax.

Re: In 2025, Meta paid an effective federal tax rate of 3.5%

#50

Post by datsci_est_2015 »

abeppu wrote: post #39
shubhamjain wrote: post #14

Where 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%, co…

I think it's from this: https://itep.org/meta-tax-breaks-trump-mark-zuckerberg/

Interesting. Wouldn’t surprise me if there are different ways to report the same numbers to make the situation seem more or less favorable. Statisticians and accountants are both professional liars (speaking as a statistician married to an accountant).
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