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I 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-an

by est31 6y ago

I 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 6y ago
What happens if you add/subtract those negative "deferred" lines?
- gruez 6y ago
  deferred just means "put off untill later", right? ie. they'll still have to pay it, just in a later tax year?
- est31 6y ago
  The 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.