3 ms·
> Today, Apple supports more than 2.7 million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer job
by HenryKissinger 5y ago
> Today, Apple supports more than 2.7 million jobs across the country through direct employment, spending with US suppliers and manufacturers, and developer jobs in the thriving iOS app economy. Apple is the largest taxpayer in the US and has paid almost $45 billion in domestic corporate income taxes over the past five years alone.
- est31 5y agoI tried to look up this figure, using the following link: https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc/Analysis/Income-Taxes https://www.stock-analysis-on.net/NASDAQ/Company/Apple-Inc/A... If I add up the entries of the "federal" line, I get $69 billion for the 5 columns 2020, 2019, 2018, 2017, 2016. Am I doing something wrong here? This is only the federal tax, not even the state tax, which would probably count into "domestic corporate income taxes" too.
- gowld 5y agoWhat happens if you add/subtract those negative "deferred" lines?
- gruez 5y agodeferred just means "put off untill later", right? ie. they'll still have to pay it, just in a later tax year?
- est31 5y agoThe sum of the deferred lines is, for federal corporate income tax, $51.4 billion. The difference is $9 billion... IDK I dont know much about US tax law, financial reports, or the like. So maybe I did something wrongly. It'd be interesting how they obtained that figure in the press release.