Apple's tax rate may be just 9.8%
0. phoneArena 30 Apr 2012, 21:39 posted on
In case you're new to the world of global businesses and shady corporate practices, it is quite common practice for global corporations to use every tax loophole on the books in order to minimize what it needs to pay...
This is a discussion for a news. To read the whole news, click here
82. 14545 (Posts: 1468; Member since: 22 Nov 2011)
Exactly, remixfa. Instead of losing taxable income on things that drug dealers, or anyone else participating in an illegal activity, because they can't/don't file taxes, you reap the taxes on them because you are now forcing them to pay taxes through sales taxes.
80. 14545 (Posts: 1468; Member since: 22 Nov 2011)
Wrong, you have apparently never heard of comparative advantage. Look it up and get back to me. Free trade is great, as it helps everyone in every step of production. Taxes are part of what send these jobs overseas, but it is also minimum wages, and the fact that people in america aren't willing to do these jobs. They think it is beneath them to do those jobs. My fiancee works for a staffing agency that places people to work doing manufacturing work, and they struggle daily keeping people on the job. Because the work sucks, this society, due to BS government laws, thinks that it is entitled to make 100 dollars an hour to do nothing. Class warfare, plain and simple.
89. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
Free trade is good until you run a corporation and make business deciisions to satisfy ones own stock, and rather than to pay fair wages, and off shore those wages to underdeveloped countries to line the stock holders pocket and corporate board members and executive officers.
Example being Hewlett Packard and the handling of Palm, after totally mishandling Palm, The HP CEO was paid 117 million for his efforts fired and 10,000 jobs were cut and manufacturing sent to China. Where was the free trade for this deal?
Poor 8 year old girls in Africa employed to pick cotton for clothing industry. Wow America went full circle here didn't we.
Motorola lost 80 million dollars and the CEO was paid 50 million for his troubles.
The point is Corporations cut the work force in the US and pay themselves very lucrative salaries, whiles sending those jobs and manufacturing over seas, and then expect those very same people to buy their products....how stupid are they! This is not free trade my friend, and has nothing to do with free trade at all. This is called improving the bottom line to make ones stock look attractive to investors. It's all about self serving greed, and nothing less!
America doesn't produce anything any more in America except derivatives that crash the economy, and financial products that makes slaves of the poor, and unsuspecting. Example student loans and the highest debt in America is student loans now superseding credit card debt.
Free trade is American companies being able to sell product abroad not shifting jobs abroad.
You wouldn't want to work for a company that works you to death and barely pay you would you...ask the Chinese jumping off the buildings or the strikers in South America.
The peasants are waking up in poor nations as they have in the U.S.. No one is looking for 100.00 and hour but a fair days wage for a fair day of work
93. remixfa (Posts: 14255; Member since: 19 Dec 2008)
were those girls more poor or less poor after actually having a job? Do you think with the extra money maybe they could afford more food on the table and help their family? Unfortunately the vast majority of Africa still lives in a lifestlye that is more akin to the 1800s than the 2000s. Obviously Im not talking about more populous countries like egypt or south africa.. but even they are far behind us standard of living wise.
America doesnt produce anything anymore because we have chased away company after company with taxes and minimum wage hikes that artificially inflate our currency. We have priced ourselves out of competition. Whos fault is that? The company that is forced to play the game at hand, or the politicians that create the game, or the people that vote for politicians that pander to them? For the most part, the party LEAST at blame is the company that is just playing the game as its presented. Politicians are responsible for the rules, and the American public is responsible for hiring them in the first place. People by and large are not educated on who they are voting for. That lack of education has caused our political choices to get worse and worse and worse because they know that people are not paying attention.
Perfect example, when they wanted to try to pass amnesty a few years ago they dangled the stupid baseball player steroid witch hunt out infront of the public. Who here remembers Barry Bonds and Mark Mguire on trial? Who here remembers them trying to pass amnesty for illegals at the exact same time? It was a circus act to distract you from legislation they didnt want you to know they were trying to pass.
The politicians are responsible for this mess, and the people are responsible for electing bad politicians.. on hope.. change.. a saxophone.. likability.. religious bias.. everything but actual issues and voting records.
We dont need to go back to a manufacturing economy.. thats never coming back. What we need is to stress education and get to a technology economy on par and better than Japan and China. That is the future.. not textiles or manufacturing.
110. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
"WOW" is all that I can say to you for this statement
46. 1eye4u (Posts: 35; Member since: 17 Nov 2009)
Everybody's paying more than enough taxes. It is how it's spent, the waste, inefficiencies and the corruption that really drives the increases.
98. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
sales taxes are stupid... they discourage spending... income tax is a better method because people will be psychologically encouraged to spend their money... if you have high sales taxes, ya people will buy only what they need and the economy will go down the toilet... it would be fantastic if everybody could be frugal and perfect, but capitalism isnt based on perfection for everyone, you only succeed based on how well you manage yourself
99. remixfa (Posts: 14255; Member since: 19 Dec 2008)
that couldnt be any more false if you tried. Multiple states are on a sales tax only system, including mine which is FL. It has one of the US's largest economies and incomes and its purely on sales tax.
People not making any money on their paycheck discourages spending. Taking 20-30%+ off the top discourages spending. Taxing people before they get their check, then after they get their check, than even more later on discourages spending. Giving them 100% of their earned pay encourages spending. People are consumers as long as they have free money they will spend it. And nothing gives them more money than zero income tax.
106. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
well you have obviously never lived in california… we have high sales tax and high corporate/property taxes, which drives many businesses away… as this article shows business go to either arizona or nevada for significantly reduced costs… hell i know people who go to arizona/nevada to do their shopping because it is cheaper… i will agree i do not like high income tax.. i do not like any high tax actually, and i admit i should certainly not have said income tax… florida is a unique state though with its construction and property difficulties… it cannot tax property the way new hampshire does, which has no sales/income tax… and florida is also one of the largest states so it would naturally have one of the largest economies btw..
personally i think herman cain's 999 tax plan was one of the best-- maybe not the numbers but the idea of a simpler tax plan…
sales tax is not a godly thing that i couldnt be more wrong about… it should be in moderation, just like income tax, and other taxes… but an all out sales tax does not work for a stable economy-- extremes such as those only work for a certain amount of time as a rapid recovery for weakened places such as florida
111. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
Herman Cain was a self serving idiot. IMHO
I do applaud his having that chic on the side until he ran for office.....not! ROFL
138. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
i did not say herman cain was good.. i said the 999 tax plan was good
114. remixfa (Posts: 14255; Member since: 19 Dec 2008)
we are not unique with our construction difficulties. Its a popular state, they overbuilt the hell out of it while the market bubble was going.. now there are tons of places that have never been lived in that are up for auction. Bad for owners, great for buyers. Not many places that you can live in the country that is in/near a major city and buy a 3k sq ft house with a decent yard for under 150k. Thats also why we have so many people purposely forclosing. Its only a 3 year hit on your credit now, so that people get back in the game faster. Upsidedown a ton on your mortgage? let it go, and 3 years later get a brand new house with twice the square footage for less money! Its almost like a game. The market isnt going to recover any time soon, so people are not worried about it.
no, i refuse to live in a high tax state. My family looks at taxes as part of the total picture when thinking of other places to move. My money is mine.. not the government's.
Whats funny is you spent the first part of your argument, arguing against consumption taxes, now you are proving how much better they work than punitive corporate taxes by bringing up FL and CA. FL's housing market may be in the slumps, but jobs still move here for the tax benefits. Most of FL's unemployment woe's stem from the construction industry.
I was a supporter of the 999 as well. Its not perfect, but its a hell of a lot better than what we have now.
Sales tax is the best solution. And it does support the economy fine. America ran on sales tax only for nearly 200 years before income tax was implemented in the early 1900's.. and we saw unprecedented growth and expansionism that withered as more and more income taxes were added. History 101. The less money you get in your paycheck, the less you are willing to spend. Its that easy. Give the people all of their money and they will spend all of it. They do now. With more of their paycheck, they will pump more of it into the economy. An extra 15-25% on your pacheck to spend boosts the economy much more than giving it to the government to blow on pet projects.
116. remixfa (Posts: 14255; Member since: 19 Dec 2008)
wait.. hold up. for some reason i switched in my mind lucas for quik.. lol ignore the middle part about arguement switching. :)
139. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
i see your point but i do not agree with total sales tax... nor do i agree with total income tax... just a moderate amount of both... what really should not be taxed is corporate tax-- i was mixing up corporate and sales tax in my mind so my bad... but for sure the 999 tax plan was one of the best as the current tax plan is something like 12000 times as large as the constitution...
and the thing about the only sales tax is that in this global economy people might simply buy from somewhere else... it really needs to just be spread out everywhere in order to reduce strain in certain sectors and minimize damage if a sector crashes... i wish i could say governments dont need more than the amount of money they would get from just a small sales tax but they do... if we went back to adam smith's ideas than maybe not but that is another story...
140. remixfa (Posts: 14255; Member since: 19 Dec 2008)
if i had to chose I'd rather have no corperate taxes than no income taxes.. Making us the worlds largest corperate tax haven has hundreds of advantages including massive job growth and eventual increased job competition for good candidates which will lead to increased pay and benefits just like they did in the big expansion in.the late 80s, 90s and early 2000s
the Problem with that is that taxes will be offset elsewhere .. directly on to the populous Instead of indirectly through corperate taxing. so that's pretty unlikely to pass.
I dont understand your point about buying elsewhere to save taxes. if you buy anything legally anywhere in the US you pay the tax. a very very small percentage might try to live off the black market but that will be offset a thousand fold by all the new taxes we get from illegals and everyone else who currently pays no income tax. that's 12-20 million + new tax payers just from illegals.
141. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
corporate taxes that limit business just are a bad idea in general... i mean look at europe right now...
my point at the bottom really relates to how the tax code is right now... if it were reformed to a simple 999 like plan, then what you said is valid... but for instance living in california i pay taxes for things from ebay/amazon, but u living in florida pay none because it is an internet exemption or something... and ya over 50% of america right now pays no federal income tax... if we were to reform the tax then all taxes would go down and it would just be better-- what your saying doesnt apply with the complicated tax code of today
142. remixfa (Posts: 14255; Member since: 19 Dec 2008)
that's why I'm a huge supporter of the fair tax.
wipe out the code and the IRS.
79. 14545 (Posts: 1468; Member since: 22 Nov 2011)
Survival out of necessity. There will be no more "living" off the government. Bankrupt programs, like SSI, should be phased out over the next 20 years. The "normal" full employment before things like "unemployment insurance" was around 1%. Now the "normal" full employment in the US is considered 5%, and in most places in Europe its 8-9%. (Notice, these are government numbers, which exclude the "underemployed" and "discouraged" workers.) And this isn't a "flat" anything system. If you consume, you get taxed. If you don't consume, you don't get taxed. That doesn't make the "poor, poorer". Our tax system is what as created such inequalities. You find it ok for company A to x% in taxes, but it's not ok for company B. This eliminates all of those issues. Last, Excise tax systems work fine for Florida and other places. So please don't say it can't work. Not to mention, food, and other necessities will be taxed at 2-4% vs 15% like everything else.
90. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
I paid into SS for 30 years and want what I put in back....sorry but since I paid it with the expectation of getting it back I claim my right. Since I was self employed I had to pay double the normal pay because when you work for someone the employer pays half. rofl!
The problem with SS is that Bush raided that program to pay for his war for oil. SS was in the black until that happened. Go research SS and it's deficit before trying to challenge me.
“Wait a minute!” some readers will say. Hasn’t Social Security been receiving surplus revenue ever since the 1983 payroll tax hike? Isn’t there supposed to be approximately $2.5 trillion in the Social Security trust fund? The answer to both questions is yes. But there is a problem. Every dollar of that surplus Social Security revenue has already been spent by the government. Much of it went to fund wars in Afghanistan and Iraq. The rest has been spent on other government programs."
94. remixfa (Posts: 14255; Member since: 19 Dec 2008)
It wasnt just Bush. They have all been raiding it. There is nothing but IOUs in the SS bank vault. There hasnt been money there in quite some time.
Hell, Obamacare hasnt even been put into effect and both Dems and Reps are passing bill after bill that raids that warchest as well. Obama care is bad enough when its funded because its already a financial burden no matter what the dems try to get you to swallow... but raiding it just makes it worse.
Holey crap? Your older than me? After all that childish insulting? Wow.
119. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
If you were smart enough to read the links that I posted you wouldn't say that ss was being raided before Bush. When Clinton left office ss had a 2.5 trillion dollar surplus according to the article links.
Age has nothing to do with you and I you are a keyboard "gangsta" with a big mouth, educated with tainted opinion.
I am just exposing your uneducated opinion with facts to back up the information that I post. I have decided to give you a taste of your own "gangsta" medicine. It's not so sweet when you are on the other side of someones insults is it!
From the many post that you have made I can access that I am speaking to you the way you need to be spoken too.
123. remixfa (Posts: 14255; Member since: 19 Dec 2008)
you really crack me up. I love how you think your "educating me" with your half baked ideals on how to punish success.
There is no such thing as a surplus with government. That is a farce. That money was spent a long time ago. You think being insulted by someone by someone that cant properly argue his point and results to constant name calling hurts my feelings? Are you kidding? I'm keeping this conversation going because I'm laughing at your posts. This is comedy to me. You can think whatever you want about me.. it doesnt hurt my feelings one bit.
But its a really funny coincidence that the bulk of the people on this board that call me things like "clueless" and "uneducated" are some of the biggest trolls and most often wrong people that post.
The day smart people like Proto, King, Sniggs, Jeff, Michael, or any other of the posters I have respect for tell me im an uneducated moron with actual proof to back it up, is the day I start caring. If you think I named people that agree with me on most subjects, think again.
131. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
you really crack me up. I love how you think your "educating me" with your half baked ideals on how to punish success."
O.K. Mr. Genius why don't you quote where I have punished success. Expose me for that if you would. You just seem to keep exposing yourself to be ignorant and kind of self absorbed.
If I reference the truth about tax evasion, and how its done that's not punishing success its exposing the loop holes that created that "success"!
HP, and Dell are 2 companies that come to mind. Both cut jobs and sent them over seas because they are fresh out of bold innovative ideas. Dell cut its work force and sent jobs to a little Mexican town out side of California to cut cost to the bottom line due to poor stock performance.
Hp even killed off what was left of Palm, because of their lack of creativity with a great OS!
78. 14545 (Posts: 1468; Member since: 22 Nov 2011)
What's your point? The "system" was originally set up this way. So we need to get back to that.
4. parkwaydr (Posts: 572; Member since: 07 Sep 2011)
And yet their prices will remain at the sky high level they are now, its no wonder they have enouph money to keep every one in tied up in court, I don't know who looks worse, greedy corps or the ignorant people who, ehem, flock, to support them because its the cool thing to do.
6. appleDOESNT.com (banned) (Posts: 456; Member since: 19 Nov 2011)
wait... what? iOSarena basically slandering Apple? love it! bout time phonearena, nice to have you back!
7. MichaelHeller (Posts: 2701; Member since: 26 May 2011)
1) if you think we're still iphonearena, you obviously haven't been reading recently.
2) look up the word "slander" and compare it to the word "report". I think you'll be surprised
14. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)
"if you think we're still iphonearena..."
That's mean you was?
24. tedkord (Posts: 10673; Member since: 17 Jun 2009)
"If you think we're still..."
That sounds like an admission PA was heavily biased.
25. remixfa (Posts: 14255; Member since: 19 Dec 2008)
Saying that they were not at one point is a falsehood. Saying that they currently still are is also a falsehood.
44. parkwaydr (Posts: 572; Member since: 07 Sep 2011)
It's not pa as a whole, just a few writers who are very one sided.
48. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)
Anyway, these few writers works for PhoneArena.
8. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
This I disagree with. Tax law needs to be changed so corporations pay their fare share. Imagine a mid income family pays triple the tax of corps that are making billions. It destroys the US economy.
18. remixfa (Posts: 14255; Member since: 19 Dec 2008)
they dont pay triple the tax. they pay double the tax rate at best.. if they pay anything after deductions. families get a lot of deductions that bring their tax rate down pretty low.
9 percent of what.. 10 billion this quarter
20 percent of 50k
who paid more?
i realize you are nothing but a child living at home with mommy, but simple math should not escape you.
It said in there that they normally pay closer to 20% in taxes. Now, tripple that, thats 60% in taxes. Thats BILLIONS of dollars going to the US Government that is going to spend it on nothing but parties and Obama's euro vacations and cronies. How does that help the economy more than a company taking all that money and reinvesting it in research, new projects, benefits, new jobs.. ect?
Sending money to the government is a sink. It helps almost no one. It sure as heck doesnt help you. Leaving the money where it was earned gives it a chance to be reinvested in the company or other things that helps the company grow and create new jobs. That is much better for the economy than higher taxes ever will. Taxes are BAD for the economy. The economy is based on GDP, not on how much money we give to the government to waste.
Before people spout off about taxes this and that, realize that these companies are taking advantage of loop holes GIVEN TO THEM BY THE GOVERNMENT over the last 50 years by BOTH PARTIES.
If the government was truely "outraged", they would stop creating loop holes. But they know that high tax rates are bad, so they set them high to pander to the idiotic masses, then fill the tax forms with loop holes to reduce taxes back to a realistic level. I dont care if its Apple, Google, or Bobs Big Boy, you cant get mad at them for playing the game as its set out for them, by the government.
They are not the problem, the government and its beaurocracies are.
21. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
9 percent of what.. 10 billion this quarter
20 percent of 50k
You are dumb.....If a tax rate is say 10% and some one makes a million dollars and some one makes 100k the guy making a million dollars will pay more by default idiot. I don't grieve for the person paying more because he made more than me. 10% is 10% and if it makes you mad that you paid more than me at 1 million dollars then make less.
The people making more will say don't hate on me for making more than you get off your lazy ass and work hard like me. You seem to think that because companies paying more on billions that they made is less fair than a family making less paying less. Wake up fool!
23. remixfa (Posts: 14255; Member since: 19 Dec 2008)
i see lots of personal attacks, and very little intelligent thought. i see lots of jealousy about who makes what and little math.
28. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
Jealousy....really.....your intelligence shows in most post you made here in this thread. You are a misinformed snot nosed opinionated kid seeing the world through short lived opinionated eyes. Come at me again and point out what I have posted is with out fact or opinion here Mr. Learn how our economy works then come at me ok!
Very little intelligent thought hahahahaha, you are the one posting misinformed less intelligent thinking my friend...wake up!
31. remixfa (Posts: 14255; Member since: 19 Dec 2008)
keep it up. im getting a good laugh from your crazed remarks. :)
27. tedkord (Posts: 10673; Member since: 17 Jun 2009)
Faulty logic. 100% of $50 grand is still less than 9% of $30 billion, so is it ok to tax the lower and middle class at 100%?
It's time to finally drop this lie that the rich pay more than their fair share. We've disproved that not only with Warren Buffet, but by self proclaimed conservative Mitt Romney releasing his taxes. The talking point that the 1% pays 50% of income taxes is meaningless without knowing the percentage of overall income they earned. I'm betting it was quite a bit more than 50%.
That said, I agree with the national sales tax, eliminating income taxes. But, also zero loopholes, taxes on investment income, tariffs on imports. Is also tax any company that moves jobs out of this country, and tax money for American companies that hold money offshore for tax purposes.
29. remixfa (Posts: 14255; Member since: 19 Dec 2008)
eliminating income taxes is only half the problem. you want to exacerbate the other problem by finding new ways to punish corporations.
tax this.. tax that.. tax this.. you just made a new convoluted system to replace the old convoluted system with just as many problems and just as many spots to hide.
The only way to eliminate loopholes is to take the power away from the politicians. They are the ones that make the loopholes.. not the companies. The only way to make it loop hole free is to make it 100% consumption tax only. Any form of tarrif or income tax can be easily manipulated by the government to make loop holes. Consumption taxes are paid at the time of buying, not at some point farther in the year, so there is no way for them to manipulate the system. The system is flat and transparent so any time a politician tries to write a bill to change it, everyone will see it coming.
23% across the board for SALES only. Eliminates all loop holes, all embedded taxes (which are about 22% per item bought), all tax shelters, all income taxes, all corporate taxes, all tax dodgers, and doesnt even need to shrink the government. It also is not charged on a single thing that is a "basic necessity of life" so it doesnt hurt the poor. It also gives a monthly prebate to the poor to help them buy those items.
Fair Tax. U should look it up.
45. tedkord (Posts: 10673; Member since: 17 Jun 2009)
You don't honestly believe that politicians come up with these laws and loopholes themselves, do you? Lobbyists draft legislation in whole, and hand it to their puppets who submit it, probably without even reading it. We already know this happens.
There are other ways to eliminate loopholes, even with an income tax. Make it a simple, one level all income no deduction system. Everyone pays X% on every dollar earned (via salary, investment income, etc...) over a threshold amount. That way, everyone pays the same, except the truly poor who pay nothing.
The problem with a sales tax is the cumulative effect. Company A pays 23% tax on it's raw materials, which it sells to company B who pays 23% to make them into circuit boards, who sells it to Company C who pays 23% to put them together into a computer and sells it to the retailer who pays 23%, to sell it to the customer who pays 23%.
The other issue is it will create a black market, which will of course be the new tax cheat. It exists even today - States with sales taxes expect people who buy items used from other private citizens to pay sales tax on them. I'm in NJ, and if I buy an item in Delaware, NJ expects me to claim that and pay 7% on it at tax time each year. thr point is, you'll NEVER eliminate tax dodging. But, it's still better than what we have now.
Since I'm talking Jersey, we're the perfect example of how it doesn't matter one bit if you elect a Democrat or a Republican, your taxes will not decrease. Chris Christie, that darling of the conservative wing of the republican party, hasn't lowered my taxes one pennt since taking office over two years ago. When he found the sill cable tax (he called it silly), did he work to revoke it? No, he took the money from it and used it to balance his budget, leaving it in place. Has he lowered the states sales tax from 7%? Nope. Has he lowered the income tax? Nope. Now, as we enter an election year, he's paying lip service to an income taxcut for more than millionaires.
47. remixfa (Posts: 14255; Member since: 19 Dec 2008)
the buck stops at the politicians. companies dont write laws, politicians do.
ill be against income tax till the day i die. just like our founding fathers. we dont need to be taxed on what we make.. and then on what we spend. The government should have no hand in our paychecks. They didnt earn it, we did.
Your misunderstanding sales tax. Tax overhauls like the Fairtax GET RID of all that imbedded sales tax you just mentioned. Thats there NOW. We are already paying the system as you described it.
a flat tax that is nation wide and the same across the board does more to kill the black market than any other idea. Of course there will always be person A sells directly to person B without paying tax. Heck, thats exactly what Craigslist is. But it will bring more people under the tax fold than any other idea. With more people paying, everyone can pay less, and we can keep the same dysfunctional level of government.
The best idea would be to reduce goverment by half at least, but thats even more of a pipe dream than tax overhauls.
All politicians suck. Thats why I dont affiliate with either major party.
59. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
"Since I'm talking Jersey, we're the perfect example of how it doesn't matter one bit if you elect a Democrat or a Republican, your taxes will not decrease. Chris Christie, that darling of the conservative wing of the republican party, hasn't lowered my taxes one pennt since taking office over two years ago"
He did cut the taxes of large corporations the 1st months in office ;) that's got to account for something lol. Christie is part of the problem he was and is a business owner turned politician. These people rewrite the laws that help business, ad their friends as a perk for being helped get elected. Business men run for congress and then with lobbyist help pass laws that only help big business....wake up America!
105. remixfa (Posts: 14255; Member since: 19 Dec 2008)
Jersey has one of the highest tax burdens of any state for corperate and personal income. People are leaving the state in droves and they are going through really hard times. Cutting any taxes there is better than not doing any thing or raising them.
VZW is headquartered there. Wanna bet dollars to doughnuts that they put pressure to lowering some of their taxes? BTW, which helps all businesses at time when many are struggling
51. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Ted I agree with this. Companies that move jobs outside the US should be taxed and also tax imported products. This would actually create jobs. Also no loopholes on taxes for the rich.
This myth that lowering taxes on the rich creates jobs is bs.
50. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
So your pro paying a higher percentage of your paycheck in taxes than a company making billions in profit? If corporations payed their fare share that means YOU can pay less. Why would you be against your own best interest?
Lower taxes creating jobs is a myth. Corporations are using all kinds of loopholes and paying a tiny fraction of their income and yet no jobs are being created. In fact they're taking them overseas.
54. remixfa (Posts: 14255; Member since: 19 Dec 2008)
big boys are talking about big boy stuff. tell you mommy to lock you back in the basement.
56. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
You've made personal attacks against everyone who's disagreed with you in this thread. Very childish and shows you have no point to debate.
62. remixfa (Posts: 14255; Member since: 19 Dec 2008)
if by everyone, you mean you.. then yea. but i dont really count you as a person. you are just an annoying lying little internet troll.
9. darktranquillity (Posts: 284; Member since: 28 Feb 2012)
typical america, the rich rules and poor suffers
12. Mozarrt (Posts: 301; Member since: 08 Oct 2011)
Europe isn't much better, the Rich and the poor get the benefits, and the middle-class has to cough up the money.
17. remixfa (Posts: 14255; Member since: 19 Dec 2008)
before making stupid comments, please first think of a spot in the world where the rich do not hold the power. The rich will always hold the power because they hold the jobs. If you want to change it.. create a business, grow it, become rich, and use some power to give away all your assets.. thats basically what you want them to do. When you get up that high, tell me how that works out for you.
30. tedkord (Posts: 10673; Member since: 17 Jun 2009)
They're not supposed to hold the power in the US. They're not supposed to draft legislation for lawmakers. They're not supposed to have special access.
A big problem is superPACs, and the stupid Supreme Court decisions on corporate free speech/money. Corporations are not individuals. And money is not speech. We have individual rights in this country, not corporate rights. Giving money to a politician or PAC is not free speech.
33. remixfa (Posts: 14255; Member since: 19 Dec 2008)
I dont agree with superPAC at all. I also think paid lobbyists should be illegal.
Technically "the rich" created america. In the original constitution only those that were male, and owned land could vote. The idea being that if you had a vested interest in a piece of the country, you would help make it run better. The system was set up so system suckers WOULD NOT have a voice. And to that extent, I wholly agree, as system suckers only vote to suck more system. The good news is that through various expansion programs, they made owning land very cheap. Most land owners wanting to make a life for themselves, worked hard on the land and didnt want the government interfering.
America was founded on a light sales tax.. Enough to fund the government's constitutional abilities. Income tax was not implimented into the 1900's. And since then we have had 2 major depressions as well as however many minor ones.
Instead of working hard and making a life, we whine that others have done that.. and they should give us a piece of their pie.. because its not fair that they have more.
In essence, the system suckers have seized control. Amazing coincidence that the more control they have, the worse the country gets.
Everyone should pay the same rate. That is the only fairness.
43. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
"Everyone should pay the same rate. That is the only fairness."
"I dont agree with superPAC at all. I also think paid lobbyists should be illegal."
We finally can agree on something rofl
36. superguy (Posts: 293; Member since: 15 Jul 2011)
It's ok for Apple to pay this little in taxes, but if the Big Bad Oil Companies® paid this little, everyone would be screaming for their heads even more so than they do now.
I guess there advantages to being "cool" and "loved."
58. QWIKSTRIKE (Posts: 1081; Member since: 09 Mar 2010)
Whet have you been Exxon pays 0 Taxes, as I am sure many companies in the oil industry get a loop hole for R&D. That said they pay little to no taxes as does GE.!
52. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Remix they say the most dangerous person is the one who's only read one book