Shouldn’t the discussion revolve solely around SPENDABLE income? Am I misunderstanding something? I’m sure I am.
Comment on How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary
MxM111@kbin.social 7 months agoI seriously doubt that these are profits. These are revenue.
Melatonin@lemmy.dbzer0.com 7 months ago
MxM111@kbin.social 7 months ago
I thing comparison to the employee salary makes no sense whatsoever. Different businesses have different expenditure structures depending on various things, like the type of business their are doing. In some companies, salaries might be dominating expense, in some others barely noticeable. Says nothing about how "fair" the business is.
intensely_human@lemm.ee 7 months ago
And two companies with the same proportional structure, but of different number of employees, will have different numbers in this representation.
Efwis@lemmy.zip 7 months ago
No, salaries are based a pre-tax basis. In other words you’re told you’ll make $120,000 per year, that amount is before taxes.
betz24@lemmynsfw.com 7 months ago
But companies also pay taxes before even paying you. So they’ll pay 140k to pay you 120k which you’ll earn 100k (along those lines)
Kaefor@lemmy.ca 7 months ago
They pay tax after paying you.
Payroll is an expense that gets deducted from revenue before calculating taxes.
They pay employer contributions/insurance/deductions but you pay the tax on it. It’s to avoid double taxing that money (corp pays tax and you pay tax).
Hillock@kbin.social 7 months ago
Even if we compare it to profits the time frame just switch to minutes. Walmart made a net profit after taxes of 14 billion. That translates to 26k per minute.
MxM111@kbin.social 7 months ago
Yes, it’s a big company.