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Big_Joosh t1_j7giu2q wrote

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

What's your average tax rate?

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no_buses t1_j7halit wrote

Around 16%.

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Big_Joosh t1_j7hit15 wrote

Alphabet paid nearly $19 billion in taxes, according to cash taxes paid on the cashflow statement (a much better proxy for income taxes paid).

That equates to ~26.5%. 65% higher than your average tax rate, and higher than the 21% corporate income tax rate.

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no_buses t1_j7igso3 wrote

That’s not the info shown on this chart. And worth noting that that would be roughly the effective tax rate of someone earning 200k. That’s not a poor person by any stretch, but definitely nowhere near 19 billion.

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