Sometimes I feel we should be writing these numbers out fully. That’s something worth $4,000,000,000,000 that’s not paying anything substantial to improve your life. If they paid $400M in taxes they’d still be worth about $4T.
You did the thing you just complained about by not writing out 400,000,000 (400M) in relation to the 4,000,000,000,000 (4T)
To scale that down, it’s like someone paying 400 from a net worth of 4,000,000 (4M), or 4 from a net worth of 40,000, they would barely even notice. Of course that’s ignoring all the details of revenue and profit vs net worth or actual tax rates, and I can’t be bothered to look those up.
But imagine you own some land and a house that you bought for 4,000,000 (4M) that you have to pay property taxes on, and the taxes were 400 per year. That’s a 0.01% tax rate.
Shit, now I actually want to know what the real numbers are. according to Finbox
“Apple’s effective tax rate for fiscal years ending September 2020 to 2024 averaged 16.5%.” although I think that’s specifically income tax.
Per macrotrends, apple profited 180,600,000,000 in 2024, from 391,035,000,000 revenue, a profit margin of ~45%, from which they payed 29,749,000,000 in taxes for an effective tax rate of 16.5% on the income.
Relative to net worth valuation of ~3,800,000,000,000 at end of 2024 that income tax paid is 0.75% of their net worth.
Sometimes I feel we should be writing these numbers out fully. That’s something worth $4,000,000,000,000 that’s not paying anything substantial to improve your life. If they paid $400M in taxes they’d still be worth about $4T.
You did the thing you just complained about by not writing out 400,000,000 (400M) in relation to the 4,000,000,000,000 (4T)
To scale that down, it’s like someone paying 400 from a net worth of 4,000,000 (4M), or 4 from a net worth of 40,000, they would barely even notice. Of course that’s ignoring all the details of revenue and profit vs net worth or actual tax rates, and I can’t be bothered to look those up.
But imagine you own some land and a house that you bought for 4,000,000 (4M) that you have to pay property taxes on, and the taxes were 400 per year. That’s a 0.01% tax rate.
Shit, now I actually want to know what the real numbers are. according to Finbox “Apple’s effective tax rate for fiscal years ending September 2020 to 2024 averaged 16.5%.” although I think that’s specifically income tax.
Per macrotrends, apple profited 180,600,000,000 in 2024, from 391,035,000,000 revenue, a profit margin of ~45%, from which they payed 29,749,000,000 in taxes for an effective tax rate of 16.5% on the income.
Relative to net worth valuation of ~3,800,000,000,000 at end of 2024 that income tax paid is 0.75% of their net worth.