Birdwatch Note Rating
2024-03-03 17:27:21 UTC - HELPFUL
Rated by Participant: 0EC158DE7F1BBE502B2C7D1DFC16C87C9733D84ABF99387C1A0594907B8A126E
Participant Details
Original Note:
While Target did not pay current tax, they set aside $638M for deferred taxes to be paid in the future. The difference stems from differences in how Target calculates income versus the IRS. In terms of cash flow, Target paid $213M in taxes (see page 40 of the 10-K) https://corporate.target.com/getmedia/47558ecc-2461-437f-894b-0f8533dd704c/2022-Target-Annual-Report.pdf https://www.investopedia.com/terms/d/deferredincometax.asp
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