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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. T
by 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 agoEdit: 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.