A thought occurs about the Fair Tax Mark and their complaint that big tech isn’t paying enough in tax.
Recall how they do their calculation. Here’s the reported tax for the period. Here’s the reported tax paid in that period. Obviously that’s already going to be wrong because of timing issues. But it’s also wildly wrong for a different reason.
The tech companies pay their staff in shares and stock. And they’ve not adjusted for the tax implications of that.…See More