this post was submitted on 28 Oct 2025
124 points (91.9% liked)
Technology
75756 readers
3729 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Sometimes I feel we should be writing these numbers out fully. That’s something worth $4,000,000,000,000 that’s not paying anything substantial to improve your life. If they paid $400M in taxes they’d still be worth about $4T.
You did the thing you just complained about by not writing out 400,000,000 (400M) in relation to the 4,000,000,000,000 (4T)
To scale that down, it's like someone paying 400 from a net worth of 4,000,000 (4M), or 4 from a net worth of 40,000, they would barely even notice. Of course that's ignoring all the details of revenue and profit vs net worth or actual tax rates, and I can't be bothered to look those up.
But imagine you own some land and a house that you bought for 4,000,000 (4M) that you have to pay property taxes on, and the taxes were 400 per year. That's a 0.01% tax rate.
Shit, now I actually want to know what the real numbers are. according to Finbox "Apple's effective tax rate for fiscal years ending September 2020 to 2024 averaged 16.5%." although I think that's specifically income tax.
Per macrotrends, apple profited 180,600,000,000 in 2024, from 391,035,000,000 revenue, a profit margin of ~45%, from which they payed 29,749,000,000 in taxes for an effective tax rate of 16.5% on the income.
Relative to net worth valuation of ~3,800,000,000,000 at end of 2024 that income tax paid is 0.75% of their net worth.