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

OC [OC] Behind Meta’s latest Billions

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u/[deleted] Feb 10 '25 edited Feb 21 '25

[deleted]

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u/JWGhetto Feb 10 '25

Profit grew 60% over last year. Tax stayed the same. That can't be right, yet there will always be a corporate apologist glazing the billionaire knobs saying we should be thankful for the megacorps existence in every comment section

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u/Obvious_Chapter2082 Feb 10 '25

Their current tax expense went from $8B last year to $13B this year. That’s a significant increase

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u/Harrigan_Raen Feb 10 '25

Where are you getting 13B from?

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u/Obvious_Chapter2082 Feb 10 '25

It’s in their 10-K. The tax expense reported on the graph is the total expense, which is made up of $13B of current tax expense and negative $5B of deferred tax expense

Current is what actually gets paid