AT&T's 2020 effective tax rate was -329.9%

"Our effective tax rate was -122.2% in 2022, 18.5% in 2021, and -329.9% in 2020." - AT&T

Meanwhile the average for Americans was 25.99%.

Sources:

https://investors.att.com/~/media/Files/A/ATT-IR-V2/financial-reports/annual-reports/2022/2022-managements-discussion-and-analysis.pdf

https://www.statista.com/statistics/318079/average-tax-rate-in-the-us-by-income-percentile/#:~:text=U.S.%20average%20income%20tax%20rate%202020%2C%20by%20income%20percentile&text=In%202020%2C%20the%20average%20tax,tax%20rate%20was%2013.63%20percent.

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It was check very recently. Plenty of oil left in the strategic oil reserves.

Cooking the books. Go AT&T.

Hey genius, who do you think ATT will pay first- you or the govt

It is called legal write offs for bad debt are losses for sold businesses they invested in. No comparison

We don't need politics on this board. I come here to laugh at management about layoffs and to watch them cry about RTO. Grow up.

Would it be better if AT&T (or any company) paid more in taxes to the Federal Govt (instead of paying its employees and shareholders more)?

Keep in mind OP, those employees and shareholders pay taxes to the Fed govt on the money they receive from AT&T.

Let’s tell the real story, corporations use K street lobbyists and line lawmakers pockets during elections or offer them positions for their post political days. It’s to carve out tax loopholes and get laws passed that favor their industry. That has been going on for many decades, it’s not a recent phenomenon. Businesses also pass along the tax to consumers when they purchase their products or services.

Thread regarding AT&T layoffs

AT&T's 2020 effective tax rate was -329.9%

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