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Wait it gets worse for the "article" ITEP gets the number by dividing Meta’s current federal tax expense ($2.82B) by its domestic pretax income ($79.64B), whic
by HardCodedBias 7mo ago
Wait it gets worse for the "article"
ITEP gets the number by dividing Meta’s current federal tax expense ($2.82B) by its domestic pretax income ($79.64B), which is about 3.5–3.6%.
But Meta’s total 2025 GAAP effective tax rate was actually 29.6%, because it also booked a huge $15.93B charge tied to the Corporate Alternative Minimum Tax and valuation allowances.
- loeg 7mo agoBoth numbers are wrong. Meta's actual income before tax was about $83 billion and its actual tax cost was $25 billion. This is an effective tax rate of ~30%. https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx https://investor.atmeta.com/investor-news/press-release-deta...