Recent comments in /f/dataisbeautiful

codybevans t1_j9rgvh4 wrote

No worries. Most people don’t know because they’ve never needed to. And most of my experience is in retail and specifically grocery. Some sectors of retail do have higher margins. Home improvement, and some apparel companies for example. But I am not well versed enough in their operations to know a lot about them.

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crimeo t1_j9refg3 wrote

Cool story, nobody claimed it did or that 5% was their tax rate, at any point. Again, why are you just listing random fun facts off topic from the thread in response to nobody?

The graph says it is tax / revenue, it does not say it is their "Tax rate". It did not mix it up, there was never any error, you and the guy at the top of this comment chain just pretended something was said that wasn't, then "corrected" an imaginary error you made up. The chart even went out of its way to give you an asterisk telling you that that wasn't what it was talking about, which you still ignored.

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crimeo t1_j9rdkr2 wrote

> The tax data reported on an income statement is “income tax expense”, which is $19B for Apple

That's the SCALAR amount on the chart.

We have been talking about the PERCENT written next to it.

The percent (5%) is very very clearly indicated on the chart as $19B (all tax paid) / $394B (total revenue) = 4.82% rounds to 5%.

AKA total taxes / revenue. So if you were ever talking about a % other than taxes / revenue, you were simply off topic. Nobody ever claimed that was their tax rate, or anything else, just total taxes / revenue.

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Obvious_Chapter2082 t1_j9rd5hf wrote

This sankey diagram comes from their income statement. The tax data reported on an income statement is “income tax expense”, which is $19B for Apple, and what’s reported on this specific sankey diagram. It’s what you’ve been referring to, but your wrong that it’s the inflow/outflow of tax, because that’s not what the sankey diagram is showing in the tax amount reported

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crimeo t1_j9rcmk6 wrote

The chart makes crystal clear that what it's showing is tax as a portion of revenue.

You said "That’s not what income tax expense is though." So by your own definition, your term you used cannot possibly be referring the chart, since you said it doesn't mean tax / revenue, yet the chart very clearly shows tax / revenue.

Pick one:

  • You're talking about [tax / revenue] (if so, why did you say that that wasn't what the term you used meant if it was...?), OR

  • You're talking about something not in this chart (if so, why are you off topic?)

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lostcauz707 t1_j9r9tpr wrote

There was a housing act that created redlining that basically was enabled as soon as World war I was done. It was socialism to buy houses, but of course, it was also during a time of extremely overt racism.

Here's an entertaining John Oliver episode on it. Coincidentally it also covers the data on this graph.

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crimeo t1_j9r9jb1 wrote

Can you please draw a circle around where in this graph or in any of my comments, you encountered the term "income tax expense"?

My brother in christ, it literally just tells you how big the flowy bit of the sankey diagram is on the right versus the flowy bit on the left, it's not that complicated. YOU'RE the only one talking about (and incorrectly assuming everyone else is too) specific tax jargon and normal/official types of tax metrics.

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