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
55. remixfa (Posts: 14255; Member since: 19 Dec 2008)
good thing you cant be dangerous then. I doubt you have ever finished a book that didnt have pop up pictures.
57. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
You've already made yourself a fool. You're only making it worse.
63. remixfa (Posts: 14255; Member since: 19 Dec 2008)
what is it like to live while off your prescriptions taco? do you hear voices? do they tell you to do things? what do they tell you to do? do you do what the voices tell you?
61. networkdood (Posts: 6329; Member since: 31 Mar 2010)
Lol @ taco - if we all pay, say, 8% sales tax, then everyone pays the same....a poor person spends less money, and therefore would pay out less, but at the same percentage.
64. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Read up on it. I'm not going to spend my time explaining why it's regressive.
65. remixfa (Posts: 14255; Member since: 19 Dec 2008)
because you have no idea. I doubt u even know what regressive means you fool.
67. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
"Depending on implementation (such as treatment of depreciation) and circumstances, income taxes either favor or disfavor investment.(On the whole, the US system is thought to disfavor investment.) By not disfavoring investment, a consumption tax might increase the capital stock, productivity, and therefore increase the size of the economy. Consumption more closely tracks long run average income. An individual or a family's income often varies dramatically from year to year. The sale of a home, a one-time job bonus, and various other events can lead to temporary high income that will push a low or middle income person into a high tax bracket. On the other hand, a wealthy individual may be temporarily unemployed and will pay no taxes,"
The above quote was taken form the consumption, or value added tax on goods in lieu of income tax. This too is always debated by CNBC Larry Kudlow and the likes!
What Taco has been saying is not fiction here. This subject has been continuously debated. It seems the rich are all for it; which tells me it may not be in my best interest! In this case he is not as clueless as some of you make him out to be. Go research this before coming back with opinionated BS please!
69. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)
I did some calculations myself and am having some mixed feelings between the current system and nation sales tax with no income tax.
71. remixfa (Posts: 14255; Member since: 19 Dec 2008)
the VAT tax is a horrible tax and has nothing to do with the fair tax. the only way the rich would pay no taxes under the Fairfax is if they bought absolutely nothing that wasn't a basic necessity. but then again ANYONE can do that under the fairtax. under the Fairfax EVERYONE that makes a paycheck instantly gets a payraise since they now pay zero payroll taxes. ever look at your paycheck and see how much you actually lose before u even see it?
and as a general rule if you agree with taco you have a 98% chance of being wrong.
taco IS clueless.
68. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
Not entirely true, because a consumption or a value added tax won't be 8%, and Taco is right It could raise taxes on the poor and middle class.
below is from this article Pros and cons of consumption/ goods tax
"Ray Suarez: Well, let's talk a little about implementation, Len Burman. Alan Greenspan said today getting from the current tax system to a consumption tax raises a challenging set of transition issues. Like what?
Len Burman: Well, if you just say scrap the income tax and replace it with a sales tax or a value added tax, then it would be a huge tax increase on old people, old people who are paying tax on their income as they're earning it, thinking that when they got to retirement they could spend money and they'd be paying a dollar for everything they bought.
If you replace, Bill actually did some estimates that if you replaced all of our taxes with the sales tax, the sales tax rate would be something like 60 percent, so you could just imagine getting into retirement and finding out the price of all the goods you're buying is now 60 percent higher than it was the day before. That would be like a 60 percent tax on all of the money that you had saved up over the course of your life. And there are other transition issues too, like the way it affects businesses."
I could go on and on but for what purpose!
72. remixfa (Posts: 14255; Member since: 19 Dec 2008)
you are not arguing against the fair tax which is what I've mentioned 30 times now.. and you are taking from liberal sites that have vested interest in class warfare which the Fairfax eliminates.
I never mentioned the crappy VAT or whatever consumption tax they are talking about. neither are the Fairfax.
81. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)
Remix the expert on tax law, cell phone processors, democracy and everthing in general. Is there anything you don't think you're an expert on?
83. remixfa (Posts: 14255; Member since: 19 Dec 2008)
never proclaimed to be an expert. just well versed
my specialty interests are tech, politics, science, and medicine. I read more research for fun, work, and school in a month than you have in your entire pitiful life. that's the difference between those of us that thirst for knowledge and answers.. and those that like you...hope to get by through pretending to be knowledgeable and hoping no one notices.
unfortunately for you, very few haven't seen through your pathetic fasade
124. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
The fair tax taxes people on what you buy correct. However; it is supposed to be only on things deemed not necessary for consumption am I correct.
If this is so this is called a consumption tax ok!
Learn me here if you would please!
125. remixfa (Posts: 14255; Member since: 19 Dec 2008)
you are so uneducated about it, its not funny.
not all taxes are created the same. or is a pinto and a ferrari the same because they are both cars?
your worst argument yet for why you refuse to do research instead of blind commenting about it.
132. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
That is why I was asking a genius like you to learn me if you would please.lol
I am asking you and you are so damn stupid you couldn't give me a straight up answer. You are truly an idiot.
I asked you in fairness how does the consumption tax and the fair tax differ? Your response was to berate me. Yet you complain that this is not what you do. I am done with you because you prove me right with every ignorant post that you make.
You had a chance to "enlighten" me and everyone with your vast knowledge and wisdom about your "fair tax" opinion and failed! rofl
You are not as educated as you think that you are. You start off by saying that I am not educated about it "fair tax" when clearly I was saying that from the start. I am educated to go research the difference, but wanted you to spare me the time, and educate me with what you know.....oooops my bad.
If you really knew you would have made it a point to tell me and everyone else what you know! Instead you decided to show how smart you were about a subject that I clearly asked you to bring me up to speed on......."reallllllllly"
137. remixfa (Posts: 14255; Member since: 19 Dec 2008)
I already tried. that. go reread my posts. . the info has been there the whole time. Since you obviously didnt absorb it the first time, I pointed you directly to the site. I cant "educate" you if you refuse to learn. Thats up to you.
what you call berating you, was pointing out the fact that you keep trying to lob the fairtax and the article that you posted about a "consumption tax" together. I've said multiple times that they are not exactly the same. You like to throw a ton of insults around and pretend your on some kind of high ground, but your not. you say you are uneducated about the fairtax, and I say your uneducated about the fairtax. Yet you think im being a big ol meanie by saying your uneducated about it.. lol.
Again, I've already described the fair tax in a good amount of detail through out this conversation, and your mad because I wont do it again. Learn to read and you will find the info. And you get even whinier when I send you to the fairtax site for all the info you could ever want, since you obviously failed to read what i already wrote. waaah.
Whats also funny is that you whine because you dont think i read your links, even though ive browsed most of them.. yet when I throw up a link, you whine because I didnt manually type it all out for you. What a crying hippocrit.
You are just petulant because I wont bend to your half baked points about taxes. Should taco's mom punish you too? geesh.
136. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
A Consumption Tax versus a Federal Income Tax in the ... - FairTax
File Format: PDF/Adobe Acrobat - Quick View
by SAR Tomlinson - Related articles
This thesis makes a comparison between a consumption tax and the current ..... Initially, in the United States taxes were applied to the different states based on ...
It seems to me that your "fair tax" and the "consumption tax" maybe the same entity....in fact if they really are the same you are a blooming idiot! This is from your fair tax org site that you have suggested that I read. The funny thing is I have read that, and they appear to suggest that the fair tax is the consumption tax. This is why I asked you what's the difference between the fair tax, and the consumption tax! You still have not answered my question genius.
They both tax what is deemed things that are not a "necessity" of life. Again my problem is who deems what's necessary or not? Also the fact that if you don't spend money on food and clothing then there is no tax collection am I correct? No, I am not an expert on this so before you try to belittle me let me make this disclaimer.rofl!
If the rich are all over this then I must say we had better inspect the true reason for this!....just saying lmao
91. QWIKSTRIKE (Posts: 940; Member since: 09 Mar 2010)
unfortunately for you, very few haven't seen through your pathetic fasade
remixfa its not "fasade" its facade genius. rofl!
I just couldn't resist lol
95. remixfa (Posts: 14255; Member since: 19 Dec 2008)
yet another attack. how often have i personally attacked you? eh? your well into the double digits on personal attacks.. and yet your older than me. Silliness.
As far as spelling goes, I am a horrible speller. If autocorrect doesnt pick it up, thats not my problem. Besides, I typed that on my tablet and honeycomb's autocorrect isnt exactly top notch. As soon as Nvidia releases the Tegra2 ICS drivers that tablet is getting converted over. ICS rules.. HC.. not so much.
100. remixfa (Posts: 14255; Member since: 19 Dec 2008)
really taco.. thats the best you got? I bet that took you like 10 minutes to think up. OI. Did you have to phone a friend? Was it gallito? or Miz? lolz.