2 Percent: Apple’s Tax Rate Outside The US (55 Percent of Its Sales)

We had spotted multiple stats on Apple sales and some interesting stats on how GE paid effectively zero tax. We spotted a stat today, that outside the US, Apple paid just 2 percent tax (Source)

How do we digest this? What is the scale of this number? Let us try this: Apple makes more than 55 percent of its revenue from outside the US. When you put the 2 percent tax rate in that context, this suddenly is a big deal.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

$385 Billion: What The Treasury Got Cheated On Tax (Tax Gap Report)

People underreporting income is common. Overstatement of deductions or other benefits also exists. Non-payment of taxes owed is also not very rare. The problem is, these things add up. We spotted this today:

“In August, the IRS issued yet another Tax Gap report. The IRS estimates that in 2006 alone, the Treasury missed out on $385 billion in revenue due under the current tax law from a combination of underreporting of income, overstatement of deductions or other benefits, or non-payment of taxes owed. To put that in perspective, increased revenue of $385 billion annually likely would be enough to make the Bush tax cuts permanent and to permanently patch the Alternative Minimum Tax.”

Statistics Source: CapitalGainsAndGames

We had spotted the amount of food wasted earlier.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

14 Percent: Romney’s Effective Tax Rate In 2011

Well, we spotted this interesting stat today:

“Mitt Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1%, his campaign said Friday.

His effective tax rate was up slightly from the 13.9% rate he paid in 2010.”

Statistics Source: CNN Money via Filll.com

Of course we had spotted multiple stats on how much tax the rich pay. We had also spotted John Paulson’s taxes

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

CEO Pay Statistics: ‘Companies Paid More to CEOs Than In US Tax’

We spotted the news on Citi CEO’s 2012 pay (Source) – $11.5 Million – which reminded us of this post we had done some time back – that companies actually paid more to their CEOs than what they paid in U.S Tax –

CEO Pay statistics has been a favorite spot for stats here at statspotting. We spotted this today:

“Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.

The study, by the Institute for Policy Studies, said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings.”

Statistics Source: Yahoo Finance

Do not try to digest this stat. You probably cannot.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

$21 Trillion: Assets Lost To Global Tax Havens

We had written a different version of this sometime back – that if you could just collect taxes on the offshore assets, you could end world poverty three times over. Just looking at the scale of these numbers makes us think about the kind of impact that a move like that could make.

We had spotted many stats on the number of millionaires in the world, and on how a very few wealthy people control much of whats happening in the world – we spotted this today –

“The world’s super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.”

Statistics Source: Guardian

The other number we know is that the number of billionaires in the world is not too high.

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

NYC Taxi Cab Touch Screen Payment: Tips Went Up By $144,146,165

Once in a while we spot some amazing stat that makes you think for a couple of minutes about how effective something – some process, system, scheme – has been. We spotted this today:

“In 2007, NYC forced cab drivers to begin taking credit cards, which involved installing a touch screen system for payment.

During payment, the user is presented with three default buttons for tipping: 20%, 25%, and 30%. When cabs were cash only, the average tip was roughly 10%. After the introduction of this system, the tip percentage jumped to 22%.

Those three buttons resulted in $144,146,165 of additional tips. Per year. Those are some very valuable buttons.”

Statistics Source: Unwieldy

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

$74K: What Google paid As Corporate Income Tax In Australia For 2011

One trend we have been spotting in the recent past is low tax numbers paid by big corporates and individuals – See how John Paulson paid zero income tax for billions of dollars income. We had spotted GE’s tax numbers as well. We spotted this today:

“Search giant Google has revealed it expects to pay just $74,000 in corporate income tax for the 2011 calendar year in Australia, off claimed local revenues of $201 million, despite the fact that industry estimates have continually pegged the search giant’s Australian income at closer to $1 billion.”

Statistics Source: Delimiter

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

Tax Statistics: 75 Million Households Will Pay No Income Tax In 2011

We have written multiple posts on tax statistics before – we spotted this today:

“This year, Williams estimates that 75 million households, or 46%, will not pay any federal income tax. Half make so little that the standard deduction and personal exemptions eliminates their liability. Nearly two-thirds of households that pay no tax make less than $50,000.

Most of these households, however, do pay federal payroll taxes to support the Social Security and Medicare systems. Of those that pay neither income nor payroll taxes, the majority are elderly.”

Statistics Source: CNN Money

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

$110,467 a Year: The Average Additional Federal Taxes For Millionaires

We spotted this today:

” If Senate Democrats have their way, millionaires and billionaires will pay more in taxes for President Obama’s jobs bill.

How much?

Answer: $110,467 a year.

That’s the average additional amount they would owe in federal taxes starting in 2013, according to estimates released Thursday by the nonpartisan Tax Policy Center.”

Statistics Source: CNN Money

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter

How Much Taxes Did The Rich Pay?

We have written about how much taxes the wealthy folks in the U.S. paid – we have also spotted some John Paulson Tax stats – we spotted this today:

“The below table breaks down actual tax return data from the IRS from 2009, showing how many returns were filed at each income level, what their taxable income was, what tax they paid and what percentage of the total income tax they paid. The first thing that should jump out when looking at this table will explain why the President focuses on individuals making more than $200,000 (but less than $500,000); they pay more than 20% of all income taxes. Those making more than $200K but less than $1,000,000 pay 30% of income taxes. Focusing only on higher income brackets would ignore a significant amount of taxable income at the $200K+ level.”

Read more: http://www.businessinsider.com/math-on-the-buffett-tax-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1YS5U2UQo

For Interesting Statistics Everyday, Find Statspotting on Facebook and Follow Statspotting on Twitter