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The S&P500 quarterly income tax rate for Q2 2023 was 18.81%, down from the Q1 2023 20.20% rate, down from the Q2 2022 20.05%, significantly lower than the pre-Tax Cuts and Jobs Act of 2017's Q2 2013 29.53% (10 years ago), and 48% lower than the Q2 1998 35.84% rate (25 years ago). Good thing they're passing those savings on to their customers!
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