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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, 07:58

25. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 09:10

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.

posted on 01 May 2012, 11:32

48. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)


Anyway, these few writers works for PhoneArena.

posted on 01 May 2012, 00:09 8

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.

posted on 01 May 2012, 07:01

18. remixfa (Posts: 14597; 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
vs
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.

posted on 01 May 2012, 07:51

21. QWIKSTRIKE (Posts: 1259; Member since: 09 Mar 2010)


9 percent of what.. 10 billion this quarter
vs
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!

posted on 01 May 2012, 07:52

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


lololol

i see lots of personal attacks, and very little intelligent thought. i see lots of jealousy about who makes what and little math.

posted on 01 May 2012, 08:04 1

27. tedkord (Posts: 13234; 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.

posted on 01 May 2012, 08:08

28. QWIKSTRIKE (Posts: 1259; 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!

posted on 01 May 2012, 08:14

29. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 08:15

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


keep it up. im getting a good laugh from your crazed remarks. :)

posted on 01 May 2012, 09:47

45. tedkord (Posts: 13234; 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.

posted on 01 May 2012, 10:33

47. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 11:41 2

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.

posted on 01 May 2012, 11:45 2

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.

posted on 01 May 2012, 12:12

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


taco... taco..

shhhhhh...

big boys are talking about big boy stuff. tell you mommy to lock you back in the basement.

posted on 01 May 2012, 12:21 3

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.

posted on 01 May 2012, 13:02

59. QWIKSTRIKE (Posts: 1259; 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!

posted on 01 May 2012, 13:07

62. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 22:46

105. remixfa (Posts: 14597; 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

posted on 01 May 2012, 00:34 3

9. darktranquillity (Posts: 284; Member since: 28 Feb 2012)


typical america, the rich rules and poor suffers

posted on 01 May 2012, 02:36 2

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.

posted on 01 May 2012, 04:06 1

13. ivanko34 (Posts: 617; Member since: 04 Sep 2011)


That's wrong. I live in Europe.

posted on 01 May 2012, 06:53 1

17. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 08:15

30. tedkord (Posts: 13234; 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.

posted on 01 May 2012, 08:23

33. remixfa (Posts: 14597; 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.

posted on 01 May 2012, 08:53

43. QWIKSTRIKE (Posts: 1259; 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

posted on 01 May 2012, 08:35

36. superguy (Posts: 294; 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."

posted on 01 May 2012, 12:25

58. QWIKSTRIKE (Posts: 1259; 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.!

posted on 01 May 2012, 11:47 1

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

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