Submitted by giteam t3_y3txle in dataisbeautiful
slayer828 t1_isekfca wrote
Reply to comment by Street-Individual292 in [OC] Google IPO vs Now - breaking down revenue and profit sources by giteam
70% is too much, 16% is too little. Why should they pay less taxes than the middle class.
The company SHOULD pay more in taxes then the workers who make the billions.
garygoblins t1_iselz0y wrote
While I agree corporations don't pay quite enough, people actually don't pay more than this. The vast majority pay a much lower effective tax rate.
"The Tax Foundation derives an average tax rate of 14.6% for the top 50% of taxpayers, just 3.4% for the bottom 50%, and an average of 13.3% overall."
Street-Individual292 t1_isepnng wrote
They’re not paying less tax than the middle class. Corporate effective tax rates are calculated very differently than individual rates
A rate of 16% doesn’t actually mean they’re paying 16% of their profit in tax
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