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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

posted on 01 May 2012, 13:49 2

66. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)

I think QWIKSTRIKE's idea makes lots of sense. Large companies are not just escaping taxes, but also creating jobs outside the country. With an imposed tax law to target outside manufacturing it will "probably" force companies to second thought their choice of moving their manufacturing outside of the country and try to find a manufacturing domestically. In return closing a part of tax loop hole and creating jobs in the country.

posted on 01 May 2012, 14:55

70. remixfa (Posts: 14597; Member since: 19 Dec 2008)

no it will just force large companies to move their headquarters outside of the US to negate that whole game. Walmart has a CITY in China it calls its headquarters for that very reason.
you can't punish people into submission which is what you are suggesting. you have to entice them. and while your enticing them you are also enticing every other company in the world to come and create jobs as well. you get much better results by making people want to relocate here than trying to chain them here.

posted on 01 May 2012, 15:36 1

73. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

Just reread what you just typed....it is as foolish as it sounds if you understand what he and I am talking about. This idea would force companies to think twice about opening factories over seas to escape taxes if their products are taxed as they ship back to the US. The companies that stay in the US would be given a tax break to create jobs in America with this tax, and the closing of tax loop holes. This idea is one which President Obama supports btw....now I have done it!

This loop hole has people thinking that there is a trade imbalance when is not entirely tue. Companies like Ford, Apple Motorola, HP, Dell, Gateway, Google, Hasbro, and many more American based companies opened factories over seas to pay lower labor cost and off shore profits to avoid taxes, and then ship these items back to the US as parts i.e. car companies, and merchandise i.e. Dell, Apple, HP ect.

These products are manufactured in China, and then shipped to the American consumer makes it appear that there is a trade imbalance when in fact its the American companies that are creating this imbalance to avoid paying taxes! They are the ones importing products made in China to sell to the very same people that they are putting out of work....how dumb! They are killing the very same base that they are trying to sell products to. Remember the biggest consumer base in the world is the U.S. rofl

For the Car companies there is a loop hole that says parts shipped to America can't be taxed. They make parts over seas and then use them or assemble them in cars in the U S to off set labor cost, and to avoid paying import taxes on a whole assembled car. I could go on and on about what I have found out but it would be a book, and lots of debate from ignorant naive people wanting me to prove it rather than check what I say is a fact or not then come at me.

posted on 01 May 2012, 15:41 1

74. good2great (Posts: 1042; Member since: 22 Feb 2012)

hahaha remix are you gonna let QWIKSTRIKE talk to you like that???!!! wow...

posted on 01 May 2012, 15:46 3

75. gallitoking (Posts: 4721; Member since: 17 May 2011)

i agree remix is always making statements that only exist in his head...

posted on 01 May 2012, 17:09

76. remixfa (Posts: 14597; Member since: 19 Dec 2008)

the day I care about what some liberal fool on the internet thinks about me is the day ill vote for Obama.

the fact that he is taking sides with taco is just hillarious. "this Guy kinda sounds like he agrees with me so imma. gang up with him on this guy that doesn't".
little does he seem to realize he is siding with the town moron that no one but the other fools take seriously .. and a loud one at that.

quickstrike every time you try to present an ideal its half baked and half the time your rebutting something ... no one mentioned. throwing up the constant intellectual insults just make it funny. I give you credit for at least trying to present your opinion with fact.. misguided as they may be.. unlike your new bestest buddy.

posted on 01 May 2012, 17:12

77. remixfa (Posts: 14597; Member since: 19 Dec 2008)

oh no.. both itards are coming at me

what should I do!?!?!

btw gallito that email u used to send me your g+ link doesn't connect to my email and there are too many peeps with your name to properly search u. reemail me from your regular address so I can link properly. or just search me on g+.

posted on 01 May 2012, 18:08

78. 14545 (Posts: 1666; 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.

posted on 01 May 2012, 18:18 1

79. 14545 (Posts: 1666; 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.

posted on 01 May 2012, 18:26

80. 14545 (Posts: 1666; 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.

posted on 01 May 2012, 18:30

82. 14545 (Posts: 1666; 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.

posted on 01 May 2012, 18:37

84. 14545 (Posts: 1666; Member since: 22 Nov 2011)

Qwikstrike, THE GOVERNMENT CAN'T FORCE MORALITY. Why do you think the "war on drugs" is such a failure. "Punishing" them for trying to "dodge your taxes" is only going to act to exacerbate the problem. Anything that hinders a businesses ability to do business is going to stop certain companies from coming here. Also, look at Ireland, I believe they decreased the corp rate to 15% from 30%(iirc) and went from negative job growth to positive. I don't remember the exact numbers, as it was in 09 that I read about it. But regardless, the point is that ONLY rewards will bring new jobs to america. Punishments will only send more away.

posted on 01 May 2012, 18:46 1

85. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

I have always posted what I believe to be true based on fact, and don't need some one else to validate my thinking. Nothing is more half baked than the opinionated bull s**t that you push.

You seem to think that you have all the answers based on your backwards thinking with out any facts to back up the non sense that you post.

Taco makes a valid point and I have heard what he said from many analyst talking about the possible regressive tax that you propose affecting the middle class and poor.

You seem to hate to find yourself wrong, and I find that you can be insulting and ignorant when someone disagrees with your opinion. I merely hand you what you have handed me and many others that disagree with your bull!

If you call me liberal for posting facts about how the rich take advantage of the 99%, and get idiots like you to cheer lead them I guess I am a liberal.

Ronald Reagan said that " I think it is unfair that millionaires pay less in taxes than a blue collar worker, and they need to pay their fair share of the tax burden, By today's standard he would be a liberal too.

Anyone that takes a position to do whats right for every one instead of just doing whats right for the millionaires and big corporations is a liberal.

You are just a fool that thinks that if you cheer hard enough you can become just like the 1%.

I believe in capitalism in its purest form. No subsidies through loop holes, and off shoring of jobs to avoid paying fair wages, or to avoid paying fair taxes. I believe every one should be treated equal, and have an equal voice in our society, with out our voice being drown out by lobbyist with deep pockets. I believe the truth should be told to everyone as opposed to the media clouding the truth for self serving purposes like advertising to dupe the consumer. I believe that the off shoring of jobs to avoid paying taxes, and to undermine the American working class is un-American. I believe the importing of workers under the HB1 Visa to undermine fair wages is un-American, and I believe that if I pay 38% in taxes so should the rich. If this makes me a liberal so be it!

FDR set up the health and vacation system in EU, and Japan. FDR said that I wouldn't want to work in any place that didn't have a union!

A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine

All tyranny needs to gain a foothold is for people of good conscience to ... remain silent.

"Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day.
Experience hath shewn, that even under the best forms (of government) those entrusted with power have, in time, and by slow operations, perverted it into tyranny”

posted on 01 May 2012, 18:46 1

86. 14545 (Posts: 1666; Member since: 22 Nov 2011)

I've taken Junior level econ courses in route to my BSME, just because it enjoy it. Anyway, you clearly have a complete misunderstanding of how economies of scale work. Or how a simple supply/demand graph works. If you increase costs for a company to do business, YOU DIRECTLY FORCE THOSE BUSINESSES TO MAKE DECISIONS TO ABANDON THE MANUFACTURING BASE HERE.

Just like with any good or service, you raise the price, you see a decease in demand. (with the exception of those rare times where demand is very inelastic. Like college textbooks.) I can point you in the direction of some good econ text books if you would like to enlighten yourself on how things work.

posted on 01 May 2012, 18:46 1

87. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson

The last three comments above were from founding father Thomas Jefferson!

posted on 01 May 2012, 19:01

88. 14545 (Posts: 1666; Member since: 22 Nov 2011)

Ok, for the most part I have to agree with Qwik here. Reagan was a sham. But then again I don't like any president since Harding. Then before him, well I can't think of any till the early 1800's. So, that being said, you are also right about democracy being "mob rule". Hence the reason our founders set us up as a constitutional republic. That way we should have been able to avoid these issues. However, sometime along the way the idiots of society have pushed their way in and caused the issues we now have.

All that being said, you still have to understand that by punishing companies that outsource, or "tax dodge", isn't going to go along way towards bringing those suppliers back onshore. You're going to have to give them incentives to do so. Shoot, if apple were to bring it's offshore money back to america, according to 60 minutes, it would cost them some 20 billion in an upfront payment for taxes. WHY WOULD ANYONE DO THAT?

posted on 01 May 2012, 19:13

89. QWIKSTRIKE (Posts: 1249; 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

posted on 01 May 2012, 21:20

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

posted on 01 May 2012, 19:43

90. QWIKSTRIKE (Posts: 1249; 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."




posted on 01 May 2012, 20:27

92. remixfa (Posts: 14597; Member since: 19 Dec 2008)

seriously, that was the best 2 posts you have written. kudos.

honestly, I dont hold regan up to a conservative ideal. He was a great many things and did many great things, but he was also the start of the big government religious conservative movement. It was because of Regan that they pulled away from Goldwater conservatives, which ended up splintering into the Libertarian movement. Thats what I identify myself with.

"Experience hath shewn, that even under the best forms (of government) those entrusted with power have, in time, and by slow operations, perverted it into tyranny”
That quote is perfect... for my arguements. All of my arguements for the Fair tax, and all of our back n forth have been to level the playing field and reduce the power of government to create loopholes which make false winners in the market. They let the companies that "contribute" the most "win" without a fair fight. Like it or not Obama DID give new and special tax breaks to GE for their campaign contributions directly and through PACs. Was he the first president or member of a party to do so? Absolutely not.

My proposal not only levels the playing field, helps the poor, greatly reduces the power of government to interfere in the market, but also makes us the worlds biggest tax HAVEN for companies to COME to america to invest their money tax free. That will put TRILLIONS of dollars into the US economy. More so than any other plan.. especially any plan that tries to punish businesses in any which way shape or form. The only people that write articles against it are people that have a vested interest in keeping the status Quo and keeping politicians in power.

posted on 01 May 2012, 20:38

93. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 20:42 1

94. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 22:07

99. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 22:11 1

101. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

You fail to understand how capitalism works, trim the fat and pass the savings to the stock holder. Greed forces companies to send jobs overseas while they line their own pockets and those of stock holders by trying to make their stock prices go to the moon there by creating "BIG" bonus's . You need to pull your head out of your ass. Go watch the inside job to find leading college course economic professor misleading the public for profit.....greed in it's purest form!

Demand creates jobs and vice versa jobs create demand in a round about way when it comes to products being bought and sold! I have way better understanding than you think I just don't have my head shoved up my ass thinking that s**tty smell is someone else s s**t!

Junior level econ courses my arse you I have been selling product for over 25 years and can tell you quite a bit about supply and demand!



Offshoring (or Offshore Outsourcing) and Job Loss Among U.S. ...
File Format: PDF/Adobe Acrobat - Quick View
in manufacturing industries to jobs in professional and business services, administrative support .... However, sending abroad the jobs of blue-collar workers ... shareholders, raise stock prices through buy backs, and undertake more mergers ... trade deficit in 2010 created 1.4 million jobs overseas in 2010 and that many of

Seems like to me I have to hold class to all of the smart econ wannabe idiots rofl
You can't buck the federal report to congress about this now an you? This report supports all that I have said about sending jobs overseas for profit and nothing else!

posted on 01 May 2012, 22:28 1

102. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

"Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day.
Experience hath shewn, that even under the best forms (of government) those entrusted with power have, in time, and by slow operations, perverted it into tyranny”

The media and the 1% know this above quote, and mislead the people with false information to achieve their goal to keep us poor and them rich!

All tyranny needs to gain a foothold is for people of good conscience to ... remain silent

I am not one to remain silent, and I read and research more than both of you I bet!

I tried to stay away from you and Tacos post but this statement above is why I had to speak up! I know what he said had merit so I posted that belief!

You have lots to learn but keep picking at me and I will learn you the facts, and back them with posted reference not made up opinion!

Now we almost agreeing on the same way of thinking; "when facts supersede ego a wise man recognizes the truth when he sees it because it is undeniable!"


posted on 01 May 2012, 22:33

103. remixfa (Posts: 14597; Member since: 19 Dec 2008)

you dont make half the point you think your making when you fill your rant with insults. For someone to be as "old and wise to the game" as you claim to be you sure act more like a mouthy teenager.

I managed a business for nearly 10 years.. built new and rebuilt failing stores... made the hard decisions to keep my P&L in the black during down times. I worked many 100+ weeks to make labor goals and such. I'm extremely versed in "the free market". What is your point? I know people in business that fall on both sides of the isle. Guess what.. most of the time those that are running small businesses side with those that promise to reduce tax burdens. Those costs get put into hiring/pay decisions, layoff decisions, passing costs to the customer to keep your head above water, figuring out how to stay competitive by reducing costs or going with cheaper suppliers.
The heavier the taxes, the harder the decisions are. Eventually the taxes are high enough that the decision to start laying off people and making the rest work harder for no extra pay becomes the only option. Who does that exactly benefit??
The bulk of US companies are not like Apple.. they are an anomole. Even the heavily villainized gas companies only make about 8-10% profit after all taxes and tarrifs, which is normal. Only a moron thinks they don't pay taxes. Do you know how much they have to pay in exploratory fees and regulations? They pay taxes out the ying yang. And going back to those hard decisions.. do you know who ULTIMATELY pays all those taxes? The consumer. Most costs are offset by giving them to the consumer whenever possible to reduce layoffs and benefit reductions. If you REALLY owned/ran a business for so long, you would know that.

Corporations by and large do not pay taxes directly out of their coffers. they offset as much cost to the consumer as possible while still staying competitive. If their competition is offsetting taxes, then they can too.. and its a back n forth until the bulk of taxes are offset in pricing to the consumer. So the more you raise corporate taxes, the more you raise taxes on consumers.

And as much as liberals want to villainize Oil companies, raising taxes on them is the most regressive tax around. When they offset those taxes on to energy prices, who really gets hurt? The poor. Its kinda hard to avoid buying energy.. for your car.. house, whatever.

Good intentions + lack of REAL education on the situation = bad outcome.

posted on 01 May 2012, 22:42

104. remixfa (Posts: 14597; Member since: 19 Dec 2008)

you know whats funny. You tried to pick at me for my lack of spelling, but you completely lack any sentence structure and grammar.

You shouldnt bet. You obviously dont know me well enough. Ask Taco about taking bets with me. I tend to be right more often than not.

Here's the thing. People have beliefs, and they find research that bolsters that belief. I cant think of the exact term at the moment since its late, but its very similar to System Justification Theory (people finding ways to justify a system in place even if its ultimately negative for them) which also fits this. The ONLY thing that helps EVERYONE in America is wiping out all corperate and payroll taxes. Again, ive already explained that enough. If you refuse to actually research the ACTUAL FairTax and not some random anti-flat/VAT tax blog you find on the internet, I cant force you. You havent actually countered a single thing about the FairTax that I've mentioned. You went off on tangents about VAT taxes which have nothing to do with anything.

posted on 01 May 2012, 23:41

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

posted on 02 May 2012, 00:07 1

108. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

"you dont make half the point you think your making when you fill your rant with insults. For someone to be as "old and wise to the game" as you claim to be you sure act more like a mouthy teenager."

Go read most of your post where people disagree with you then lets talk. The pot calling the kettle black. This is directed at you because this is what you have done to me and others in the past. I am just giving you a taste of your own medicine.

If you can't get my point from the post I have made you are really clueless.

The point is that big profits and stock prices are the reasons corporations send jobs over seas, and the loop holes of off shoring profits, and opening head quarters over seas is just another way to avoid paying taxes. This has nothing to do with demand or any thing that you have posted. This is in this report by the government to congress itself. What else do you need to see you are wrong? The topic here is about paying fair share of taxes, and why these companies try to avoid paying their fair share, not about war on drugs, and demand of higher tax rates when in fact the effective tax rate is the lowest it has ever been.

Bruce Bartlett has served as an economic adviser in the White House, the Treasury Department and Congress.

Historically, the term “tax rate” has meant the average or effective tax rate — that is, taxes as a share of income. The broadest measure of the tax rate is total federal revenues divided by the gross domestic product.

By this measure, federal taxes are at their lowest level in more than 60 years. The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget

The above quote is from the New York Times just for you as fact not opinion!

http://economix.blogs.nytimes.com/2011/05/31/are-t axes-in-the-u-s-high-or-low/

http://forbes.house.gov/UploadedFiles/CRS_-_Offsho ring_and_Job_Loss_Among_U_S__Workers.pdf

I am not trying to villainize oil or any one else, but merely post the facts as I find them.

posted on 02 May 2012, 00:13

109. QWIKSTRIKE (Posts: 1249; Member since: 09 Mar 2010)

Childish and ignorance at its best good2great!

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