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Well that's probably mostly because the corporate tax rate in the united states is lower than many HN commenters taxes, rather than specific Meta policies. (US
by Closi 4y ago
Well that's probably mostly because the corporate tax rate in the united states is lower than many HN commenters taxes, rather than specific Meta policies.
(USA corporate tax rate is 21%, while someone earning $200k in California would pay an effective rate of 33% including Federal, FICA & State taxes).
Besides - the effective paid 17% compares favourably with their competitors and others in the space.