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In the US, from 2009 to 2012, Apple paid $5.6 billion on $65 billon in Profits, making the real tax rate 8.6%....this is a main reason that Apple is so profitable, it pays very little tax to the US Treasury. It funnels its income to Ireland where the country allows it to pay virtually no income tax...from a Wall Street Journal article I read recently...
What else can I help you with?
What is Starbucks' Effective Tax Rate?
The effective tax rate of Starbucks in the U.S. is about 32 percent.
How do you convert after-tax salary to before-tax salary?
Divide your post tax income by your effective tax rate %. (After tax)/(effective tax rate %) = Before tax income Your effective tax rate is your tax amount divided by your taxable income (net any deductions). (tax paid in $ + tax bill/refund)/(income - deductions $)
Why the Effective Tax Rate can be different from the standard rate?
For federal and state income tax purpose because of any adjustments, deduction's, exemptions, nonrefundable tax credits, refundable tax credit, additions to tax, etc. before you arrive at the Effective tax rate.
How do I calculate property taxes?
First, determine the nominal property tax rate for your locale. Then multiply that rate by the assessment ratio, which will give you the effective property tax rate. Multiply the effective property tax rate by the value of your home and that will give you your liability.
What is the Effective tax rate in the US in 2008?
35%
What is the name of the tax rate at which additional income is taxed?
Your marginal rate as compared to your effective rate.
What is final burden of tax called?
The final burden of tax is called the "effective tax rate." This rate represents the actual percentage of income that individuals or corporations pay in taxes after accounting for deductions, credits, and other tax liabilities. It provides a clearer picture of the tax burden as opposed to the nominal tax rate, which is the statutory rate set by law. Understanding the effective tax rate helps assess the true impact of taxation on taxpayers.
What effective tax rate do fortune 500 companies pay?
17%
What are the differences between tax rates?
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
How much is 3750 a month after taxes?
To determine how much $3,750 a month is after taxes, you need to know the effective tax rate applied to that income. For example, if the tax rate is 20%, the after-tax income would be $3,750 - ($3,750 * 0.20) = $3,000. Without knowing the specific tax rate, it's not possible to give an exact figure for the after-tax amount.
Are the incomes of high earners actually taxed?
Yes, but their effective tax rate can be lower due to availability of tax shelters that others can't afford.
How do you find the tax rate if you have the pre tax and after tax profit?
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
