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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.

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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."

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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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