Big Tech on a Tax Strike

#BigTech supports Elizabeth Warren and all kinds of programs that cost trillion of dollars, but pays average income tax at the rate of 12%.

Tax, % Tax Profit
Big Tech
GOOG 12% 4,177 34,913
FB 13% 3,249 25,361
MSFT 10% 4,448 43,688
AAPL 16% 10,481 65,737
AMZN 11% 1,197 11,261
NFLX 1% 15 1,226
TWTR -184% -782 424
The Real Economy
XOM 31% 9,532 30,953
WMT 37% 4,281 11,460
DE 42% 1,727 4,071

The numbers are in $M for the last full tax year. The tax year ends differently for different companies, from Nov. 2018 to Sep. 2019. This data does not show where in the world they paid even these 12%.

Notice that old physical corporations (the real economy) pay average 33%.

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