Big Tech on a Tax Strike

#BigTech supports Elizabeth Warren and all kinds of programs that cost trillion of dollars, but pays average income tax at the rate of 12%.

	Tax, %	Tax	Profit
Big Tech

GOOG	12%	4,177	34,913
FB	13%	3,249	25,361
MSFT	10%	4,448	43,688
AAPL	16%	10,481	65,737
AMZN	11%	1,197	11,261
NFLX	1%	15	1,226
TWTR	-184%	-782	424

The Real Economy

XOM	31%	9,532	30,953
WMT	37%	4,281	11,460
DE	42%	1,727	4,071

The numbers are in $M for the last full tax year. The tax year ends differently for different companies, from Nov. 2018 to Sep. 2019. This data does not show where in the world they paid even these 12%.

Notice that the old fashioned physical corporations (the real economy) pay average 33%.

via Science Defies Politics

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November 11, 2019 at 12:56PM

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