alt Hacker NewsI bet the two sources won't agree on what values go into the denominator and / or numerator of their effective tax rate calculations. It can be as simple as the 3.5% being a calculated rate on revenue rather than profit
Replies
terminalshort • today at 4:59 PM
There is no real concept of sources legitimately disagreeing here. There is tax law, which Meta uses to calculate its tax liability, and then there are lies.
kccqzy • today at 5:13 PM
Even if you mistakenly calculate the rate on revenue, you will get 25474/200966=13%.
You can't just throw revenue in the denominator, though. Business tax is assessed on income. If you're going to make a claim about tax rate using an unconventional metric, you need to be explicit about what you've done; Reich isn't.