Effective Tax Rate: How It's Calculated and How It Works
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What’s your tax rate? Let us know in the comments! The average single worker in the US faced a net average tax rate of 24.2% in 2023. Here’s how much some big corporations paid from 2018 to 2022 under the GOP Tax Law:Amazon: 8.9% Bank of America: 3.8% Boeing: 0% ExxonMobil: 10.4% Netflix: 1.6% Key provisions of the Republican Tax Law passed in 2017, which gave record-breaking tax breaks to the wealthiest individuals and biggest corporations, are expiring in 2025. Tell Congress not to extend the
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