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[deleted] t1_j00ipeg wrote

Reply to comment by wolf1moon in [OC] Visualising Pfizer's latest income statement. Pharmaceutical profit margins are notoriously higher than most other industries by giteam

>Where are you getting that percentage

It’s the US corporate tax rate. The 4% figure is based on their reported profits, but this isn’t the same as taxable income

The actual tax paid so far in 2022 for them is around $5 billion. It’s just that their effective tax rate includes deferred taxes in future years, which are very negative

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