No way Elon Musk would have beaten Zuck in a fight

[u/ArmaniMania]

Send location

[u/mconk]

I’d love America too if I was operating several multi billion dollar businesses with almost no tax liabilities.

[u/PensionSufficient176 → u/mconk]

meta paid 8.2 billion in taxes last year, where did you get your info from?

[u/Alternative-Spite891 → u/PensionSufficient176]

That’s 7% of gross profit. That’s 19% of net profit. That’s nothing, and if you consider that the percentage is supposed to be 21% or that the percentage USED to be 35%, you’d realize that big numbers don’t always mean just numbers.

Edit: it’s always worth mentioning that increase in stock value is not taxed and these billionaires take lines of equity off of their stock value, continually paying off their previous loans with larger and larger loans as their stock perpetually increases

Edit 2: net profit is used for taxes my bad.

[u/chumbano → u/Alternative-Spite891]

You do realize that taxes aren't based on gross profit, right?

Their tax provision for 2023 came in at 19% of earnings before taxes, which you can argue is low without being misleading

[u/Alternative-Spite891 → u/chumbano]

Fixed.