| ▲ | youknownothing 4 hours ago | ||||||||||||||||||||||
As someone who ran his own business for over eight years paying close to 30% tax (and is soon going to do it again), I have very mixed feelings about companies using tricks to reduce their tax burden. I mean, I like it when I do it, and I feel justified because there isn't that much that I can claim tax relief from, but seeing a big company paying such low tax rate feels wrong (even though it may be completely legal). Having said that, there is something to be said of all the tax that is indirectly being generated by Meta: they pay high salaries, and the people receiving those high salaries will pay a significant amount of income tax. Same for all the dividends that they pay out. Maybe just being a big money-mover is their excuse? | |||||||||||||||||||||||
| ▲ | latexr 2 hours ago | parent | next [-] | ||||||||||||||||||||||
> Having said that, there is something to be said of all the tax that is indirectly being generated by Meta: they pay high salaries, and the people receiving those high salaries will pay a significant amount of income tax. So a few people at the top who have more money than Lucifer himself keep getting richer until they are richer than God, and the people at the bottom take on the burden. How is that a fair or good system? Here’s a better one: Raise taxes on large corporations and obscenely rich individuals and lower them for the people on the bottom. Then Meta can pay lower salaries, but the people getting them will still be able to keep as much or more as before. Meanwhile Meta gets less money to spend around destroying democracy, and tax revenue increases for the government who can spend them to better the lives of every citizen. Wouldn’t that be preferable? Let’s ignore for a moment the current bonkers situation in the US, where more tax revenue would only mean more money to be stolen from the people to enrich one guy and his circle of close friends. Hey, like Meta is doing! | |||||||||||||||||||||||
| ▲ | overrun11 3 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
21% has been the highest possible corporate tax rate since 2017. It's not really fair to compare what Meta pays now to what you paid under an entirely different tax regime. You would also pay less in taxes running your business today than you did previously. | |||||||||||||||||||||||
| ▲ | tossandthrow 4 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
It is easy to excuse paying taxes. The issue that that taxes fundamentally bind two moralities: and individual and social one. Societies generally thrive better when there is a certain level of equality. Not a hundred percent, but enough for social mobility and for people to be aspirational. No or low taxes remove that opportunity. It bears people from taking an education and forces them in poverty. | |||||||||||||||||||||||
| |||||||||||||||||||||||
| ▲ | jeromechoo 4 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
The dilemma we're battling with here is the morality of avoiding most of your taxes if you can afford to hire the right people to manage your money. Would it still be justified if we replaced "taxes" with "judgement in the afterlife"? | |||||||||||||||||||||||
| ▲ | varispeed 2 hours ago | parent | prev | next [-] | ||||||||||||||||||||||
Big corporations don't pay taxes the same way as regular folks' businesses. Here in the UK the tax rates are _negotiated_ for the big guys. The system is entirely opaque and invites corruption. | |||||||||||||||||||||||
| ▲ | thinkingtoilet 4 hours ago | parent | prev [-] | ||||||||||||||||||||||
You're acting like the game is fair. The game is heavily rigged to favor large companies. This is by design. | |||||||||||||||||||||||
| |||||||||||||||||||||||