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A comment on Startup Economics 101, or, How Long Until We’re Dead?. Parent comment

Re:Startup Economics 101, or, How Long Until We’re Dead? by gibybo on Monday March 21, 2011 @11:43PM (#2352998)
http://caps.fool.com/Ticker/GOOG/Statements.aspx?source=icas... shows that Google paid $2.3B on $10.8B pretax income, or 21%. That's far from 2.4%, but it's also far from 35% so I'm a bit lost.
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Re:Startup Economics 101, or, How Long Until We’re Dead? by coolgeek on Tuesday March 22, 2011 @01:56AM (#2353314)
woof... upon closer reading, the headline was misleading. the 2.4% rate is for overseas earnings. "Google’s overall effective tax rate [was] 22.2 percent last year".

it's not hard, however, to find evidence confirming the upstream point that large companies frequently pay a fraction of the 35% rate

http://www.forbes.com/2010/04/01/ge-exxon-walmart-business-w...

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