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A comment on Cities don't have to offer huge subsidies to companies like Apple and Amazon. Parent comment

Re:Cities don't have to offer huge subsidies to companies li... by civilitty on Tuesday July 03, 2018 @04:31PM (#17453404)
You're being no less misleading than he is.

> 258 profitable Fortune 500 companies paid an average effective federal income tax rate of 21.2%

So of the Fortune 500, 242 companies are unprofitable. Seriously? That ignores all the companies using legislation they helped craft to give themselves tax credits and the accounting tricks they use to bring their profits to "zero." Hell, the list itself is pathologically biased towards those businesses.

Seems the rest of the country has figured out Hollywood accounting.

[ Parent | on HN ]
Re:Cities don't have to offer huge subsidies to companies li... by twblalock on Tuesday July 03, 2018 @04:48PM (#17453505)
It sounds like your problem is with the article, not with me. I did not misrepresent what the article said.
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Re:Cities don't have to offer huge subsidies to companies li... by ErikVandeWater on Wednesday July 04, 2018 @10:56AM (#17457587)
As a general rule, and this applies to me too, if the article is misleading and you quote the article, that misleading aspect of it should be noted in your comment. At least on Hacker News.
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Re:Cities don't have to offer huge subsidies to companies li... by vonmoltke on Tuesday July 03, 2018 @06:45PM (#17454175)
242 are unprofitable or do not have profit/tax information publicly available. The Fortune 500 only requires revenue numbers to be public for inclusion.
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