A tale of two media empires:
Fairfax pays 25.4% tax on taxable income of $91,856,465
News pays 0% tax on taxable income of $70,847,581
And guess which one it is whose newspapers run grossly oversimplified Right wing beat up stories about there being too many "leaners" when it comes to tax paid versus benefits received......
Taxable income is simply income before deductions.
ReplyDeleteIt isw meaningless unless you have no deductions alah Friedman