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jt121 t1_j7fx8co wrote

Reply to comment by no_buses in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy

Technically, corporations pay income tax equivalent to all of their employees' income tax (part of FICA), along with a corporate income tax. So, technically they pay the tax you pay and then some. That said, I'm firmly in the camp that Google and others should pay much more to encourage reinvestment of their profit instead of money hoarding like Google and other multi-billion-dollar corporations do.

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implicitpharmakoi t1_j7kvyb4 wrote

>corporations pay income tax equivalent to all of their employees' income tax

This is wrong or badly phrased.

They pay payroll taxes, so however much you pay in fica on your paystub, not the whole income tax.

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