4 ms·

> putting up $10 million isn't pocket change 10 Million = 0.0027% of Apple's sales in 2021. Equivalent to an Apple developer who made 300K in 2021 donating 8

> putting up $10 million isn't pocket change 10 Million = 0.0027% of Apple's sales in 2021. Equivalent to an Apple developer who made 300K in 2021 donating 8 dollars. If this doesn't classify as pocket change, it's quite close.

tyingq 4y ago
Enlightening comparison, though revenue isn't income. If you went with net income, it would be 0.0105% of Apple's 2021 net income. Or $31.80 of $300k instead of $8.
- rmbyrro 4y ago
  $300k is not the developer net income, in the example
  - tyingq 4y ago
    Other than perhaps taxes, they would be the same. So perhaps it's a $45-$55 equivalent?
    - rmbyrro 4y ago
      The thing is: - You have people whose security depend on you - You say this is a top priority and of ultimate importance (people's lives depend on it) - You make $300K gross income over a year - And you dedicate $50'ish for an entire year to contribute into solving the issue It does look like pocket change to me.
      - tyingq 4y ago
        Yes, I agree...I just hate to see revenue used out of context. I can sell $5 bills for $4 and rake in the revenue :)
  - skinnymuch 4y ago
    Then it’s $200K after taxes. Though now we are discounting the many things Apple can write off and that people worth 8 figures and up can write off and get away with, with a $300K income person or $200K after taxes. It wouldn’t be the same net income regardless.
fastball 4y ago
Apple has a lot of other stuff to spend money on. Pocket change adds up.
samatman 4y ago
Apple made 25 billion in profit in 2021, so the equivalent of a 300K income donating $1200 dollars. To stave off tedium, it's still $800 at a 1/3rd tax rate. These numbers aren't pocket change any way you slice it.
- skinnymuch 4y ago
  Edit: this is all moot since the amount would be $80 or $120. If someone happens to think that’s too much of a stretch to call pocket change for a $300K income, then the rest of my comment still applies. At $30000 income where someone else is making the money to pay for expenses, it’s like $10. That’s pocket change. Or the profit someone has after paying for rent (isn’t this equivalent to paying rent for their own stores and office buildings?), and other things that companies write off before they calculate profit or net income, a $300K income, might have equivalent profit be $90K. That’s under $50. Change it to someone making $75K income and you’re at $1. Neither of my comparisons are properly analogus but neither is yours. Comparing a company that is doing billions and billions in profits with the income of an average upper middle class person is as incorrect as comparing what is considered negligible money between $300K income and full time minimum wage. The latter person likely has no money left over, maybe goes into a bit of debt each year.

tyingq 4y ago

Enlightening comparison, though revenue isn't income. If you went with net income, it would be 0.0105% of Apple's 2021 net income. Or $31.80 of $300k instead of $8.

rmbyrro 4y ago
$300k is not the developer net income, in the example
- tyingq 4y ago
  Other than perhaps taxes, they would be the same. So perhaps it's a $45-$55 equivalent?
  - rmbyrro 4y ago
    The thing is: - You have people whose security depend on you - You say this is a top priority and of ultimate importance (people's lives depend on it) - You make $300K gross income over a year - And you dedicate $50'ish for an entire year to contribute into solving the issue It does look like pocket change to me.
    - tyingq 4y ago
      Yes, I agree...I just hate to see revenue used out of context. I can sell $5 bills for $4 and rake in the revenue :)
- skinnymuch 4y ago
  Then it’s $200K after taxes. Though now we are discounting the many things Apple can write off and that people worth 8 figures and up can write off and get away with, with a $300K income person or $200K after taxes. It wouldn’t be the same net income regardless.

fastball 4y ago

Apple has a lot of other stuff to spend money on. Pocket change adds up.

samatman 4y ago

Apple made 25 billion in profit in 2021, so the equivalent of a 300K income donating $1200 dollars. To stave off tedium, it's still $800 at a 1/3rd tax rate. These numbers aren't pocket change any way you slice it.

skinnymuch 4y ago
Edit: this is all moot since the amount would be $80 or $120. If someone happens to think that’s too much of a stretch to call pocket change for a $300K income, then the rest of my comment still applies. At $30000 income where someone else is making the money to pay for expenses, it’s like $10. That’s pocket change. Or the profit someone has after paying for rent (isn’t this equivalent to paying rent for their own stores and office buildings?), and other things that companies write off before they calculate profit or net income, a $300K income, might have equivalent profit be $90K. That’s under $50. Change it to someone making $75K income and you’re at $1. Neither of my comparisons are properly analogus but neither is yours. Comparing a company that is doing billions and billions in profits with the income of an average upper middle class person is as incorrect as comparing what is considered negligible money between $300K income and full time minimum wage. The latter person likely has no money left over, maybe goes into a bit of debt each year.