Microsoft owes $29 billion in back taxes plus penalties and interest to IRS

L4sBot@lemmy.worldmod to Technology@lemmy.world – 723 points –
Microsoft owes $29 billion in back taxes plus penalties and interest to IRS
appleinsider.com

Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

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With that money you could buy yourself a default search engine position at Apple.

Or 2 international space stations built today with modern tech

Or not quite half a Twitter (pre-Musk).

Space stations cost less than what some "send a short message" platform does... insanity.

I don't know if today is do-able, best to give it at least till the end of the week.

With that much money, you could effectively end homelessness in the U.S. for a full year [^1]

[^1]: According to a rough estimate by the U.S. Department of Housing and Urban Development, it would cost $20 billion in 2012 dollars to afford every homeless person in the U.S. with one year of housing via vouchers. Independent groups have more recently recalculated this amount as ~$30 billion in 2023 dollars using similar methodologies. This is an estimated annual cost, but advocates argue that the program pays for itself -- both in the sense that eliminating homelessness will reduce costs to other social programs & in the sense that many homeless will eventually return to self-sufficiency if given a fair opportunity.