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It's corporate income taxes. Apple does not pay taxes on behalf of its employees.
by ridiculous_fish 14y ago
It's corporate income taxes. Apple does not pay taxes on behalf of its employees.
- buro9 14y agoAh, my ignorance of US financials comes through then... so there is no US equivalent of the PAYE system or a withholding tax to ensure non-avoidance by employees? When tzs refers to income tax, that traditionally means personal/employee income in the UK whereas corporation tax is the tax on profits levied to corporations. Hence, tzs's statement above reads as if Apple did pay income tax on behalf of their employees, but makes no mention of corporation tax or an equivalent. Too many similar terms used differently from one place to another. Now I understand the downvote.
- sk5t 14y agoTax witholding for salaried employees is entirely normal and customary in the US, but the article is not about those individual taxes, and US taxpayers wouldn't ever describe the taxes as being paid "by" the employer on employees' behalf.
- tptacek 14y agoCareful. Employers shoulder half the burden of payroll taxes, which take the largest bite out of most employee paychecks.
- tzs 14y agoMy data came from here: http://www.wikinvest.com/stock/Apple_(AAPL)/Data/Income_Statement http://www.wikinvest.com/stock/Apple_(AAPL)/Data/Income_Stat...
- megablast 14y agoA lot of times when people want to sway the conversation, they include the taxes that employees of Apple pay as well.