What are we supposed to take away from a high the high profit?
How much did visa pay in taxes? Less than a single 140k family? Why are we comparing corporate taxes and individual taxes? They are completely different.
How much did visa pay in taxes? Less than a single 140k family? Why are we comparing corporate taxes and individual taxes? They are completely different.
If you’re the sort to buy into conventional economic theory, that VISA faces no effective competition.
No...the proportional equivalent impact of ~150,300 $140k families.
I guess this is a way of highlighting the idea that individuals should be fundamental unit of tax assessment, collection, and evaluation. It is humans that receive government benefits, and it is humans that should pay for it.
Other methods of analysis run the risk of double counting benefits or payments.
It is a bogus comparison. Visa might "only" pay 17%, but if you are an owner, you are paying 17% and then another 20% on what's left.
[1] https://www.nber.org/papers/w28542
[2] https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3089423
That's +1% share of a pie on the order of $TRILLIONS between 2006-2013 to which the top-1% directly benefited from by under-reporting and playing pass-through games...and this was retrospective analysis long before the TCJA corporate tailwind went into effect.
Im not saying it is zero dollars. Just pointing out that it is 1% for context. 50% of income would be a very different context.