You think public companies are just lying in their audited financial statements?
No, I think both of the following statements can be true at the same time:
1. The audited financial statement meets all requirements and is accurate according to the relevant definitions, stating that the effective federal tax rate is 30%.
2. They pay an effective federal tax rate of 3%.
alt Hacker News
No, I think both of the following statements can be true at the same time:
1. The audited financial statement meets all requirements and is accurate according to the relevant definitions, stating that the effective federal tax rate is 30%.
2. They pay an effective federal tax rate of 3%.