Recent comments in /f/dataisbeautiful

proactiveplatypus t1_jbgkequ wrote

Reply to comment by magnora7 in [OC] NVIDIA's FY22 income statement by giteam

It’s not going straight into the pocket of Jensen Huang.

The net profit would be paid out either by investing in the company (ie, hiring more or retaining existing talent), paying down debt, or paying dividends to the shareholders.

Nvidia pays a pretty paltry dividend, but those fixed salary employees you mentioned also receive stock as compensation, so they would see some of that profit.

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Dal90 t1_jbgfxuj wrote

Reply to [OC] The world's biggest banks in 1988 by Solid-Tea7377

Also consider this was before bank mergers in the US really started getting BIG.

1980s was the time of creating regional powerhouses, 1990s saw those regional powerhouses start combining into nationwide retail banks. Post 2008 saw forced mergers and blurring between investment and retail banks trying to save each other (by Federal arm twisting). Five of the top 25 are now American banks https://en.wikipedia.org/wiki/List_of_largest_banks while Japan has 4 of the top 25.

Inflation adjusted, $353B = $873B in 2022 which today would put a bank about 45th globally.

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nikhoxz t1_jbg6e8h wrote

Reply to comment by cavscout43 in [OC] The world's biggest banks in 1988 by Solid-Tea7377

>They also considered that Article 9 of the Japanese Constitution was only a "legal fiction" and would not prevent Japanese rearmament or aggression

Well, at least he got this right, but Japan in the 80's was still a military powerhouse, they had the 5th largest navy in the world, they still have the 5th largest today but in the 80's they were more defense focused, now they have a lot more attack capabilities and will have even more in the next years with their huge Tomahawk cruise missiles adquisitions, the new ASEV ships and the two reconverted Izumo class into aircraft carriers.

But this happened today with a "weak" economy so Japan's Self Defense Forces will never be as powerful as US Armed Forces... now is China the one that took Japan's place in this hypothetiical future.

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Obvious_Chapter2082 t1_jbg3p5s wrote

Reply to comment by Fit-Plant-306 in [OC] NVIDIA's FY22 income statement by giteam

This is the danger of looking at highly technical tax information and assuming it’s a simple read. If you dig into the 10-K for this company, they actually paid about 50% of their profit in tax this year. The discrepancy comes from a new R&D capitalization policy, which gives them a deferred tax benefit on their foreign derived intangible income. This benefit is only a small portion of the actual higher tax they’ll pay from this policy, but the US portion doesn’t impact effective tax rates

It’s wrong to say that corporations barely pay any tax, because income tax expense is a misleading metric that doesn’t relate to the tax a company pays

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cavscout43 t1_jbg0wk1 wrote

Reply to [OC] The world's biggest banks in 1988 by Solid-Tea7377

Japan Takes Over the World is very much an 80s/90s trope, that was rooted in perceived reality. From action comedies like Back to the Future Part II where future Marty's boss is Japanese, to Die Hard in Nakatomi Plaza, to large swathes of Bladerunner looking like a Japanese/American hybrid future....the future was expected to be Japan.

Few saw the systemic economic problems looming, the demographic time bomb ticking down, the growing asset bubble, and so on. Japan in the early 90s had a significantly higher GDP per capita than the US.

In '91 geopolitical analyst George Friedman predicted there'd be a shooting war by a weak and threatened US trying to contain an all powerful Japan. Now, Japan is #28 or so in GDP per capita, down below Kuwait and Taiwan. Their population dropped by over half a million last year.

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Torontogamer t1_jbg0f5a wrote

Reply to comment by Fleinsuppe in [OC] NVIDIA's FY22 income statement by giteam

same reason as most places, because that's what they think you'll pay for it ...

conceptually it makes sense to promote drug development, and most development, but in practice it's very hard to implement anything 'fairly' when they are billions of dollars at stake.

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