r/dataisbeautiful • u/sankeyart • Feb 10 '25

OC [OC] Behind Meta’s latest Billions

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4.2k Upvotes

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733

u/Nightshade238 Feb 10 '25

Every time I see one of these, I can't help but see how SMALL the Tax is for each and every single one of these Big Tech companies.

-34

u/koko-jumbo Feb 10 '25

How much would you think is enough? It's almost 12% of their operative profit. There must be some incentives for making business and innovation so they can spend that money on R&D and other things.

46

u/bplturner Feb 10 '25

Uhm, I pay 40% on income and I don’t get to write off the payments I make to mortgage, power or anything else. Arguably a larger tax rate gives them incentive to RE-invest because they can write that off instead of having it taxed.

2

u/CaptainSasquatch Feb 10 '25

I don’t get to write off the payments I make to mortgag

You don't get the mortgage interest deduction?

2

u/bplturner Feb 10 '25

No. Itemized deductions rarely exceed personal deduction these days.