Apple Avoids Paying $17 Million In Taxes Every Day

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  • mikepegg44
    mikepegg44 Posts: 3,353
    chadwick wrote:
    and to think those running the show here in the u.s. put up with such insanity. loophole creating assholes, they be getting paid well? I pray they all starve to death as soon as possible.

    at the risk of sounding like an asshole, this is exactly why stimulus spending shit irritates the hell out of me. This is the stuff that many people unknowingly call for when they call for stimulus/government dollars to be spent to benefit the economy. Where do they think the money goes? into the pockets of Joe Six-pack? It gets put into the system in tax breaks for those who lobby the hardest, and into contracts for, you guessed it, those who lobby the hardest. This is how competition becomes uneven.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • know1
    know1 Posts: 6,801
    Good for them.

    Heck, I wouldn't mind seeing different countries have different tax rates in competition for getting the money to their geography. You want to keep industry and money in your country? Then the government - which is supposed to be working for the people - try to do what it can to keep the money within its borders.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Jason P
    Jason P Posts: 19,817
    know1 wrote:
    Good for them.

    Heck, I wouldn't mind seeing different countries have different tax rates in competition for getting the money to their geography. You want to keep industry and money in your country? Then the government - which is supposed to be working for the people - try to do what it can to keep the money within its borders.
    It appears that France is conducting this very experiment as we speak. Their neighboring countries should make out well.
    Be Excellent To Each Other
    Party On, Dudes!
  • Go Beavers
    Go Beavers Posts: 9,862
    unsung wrote:
    I have no problem with this.

    That said when will people wake up and start protesting their own personal income tax? Why does the government get to decide how much of the fruits of your labor that it gets? Ridiculous.

    So you think the individual should decide how much to pay in taxes? Maybe a neutral third party? :lol:
  • JC29856
    JC29856 Posts: 9,617
    no one is blaming apple, most of the blame goes to our wonderful representatives that let archaic taxation remain on the books, not to mention the minimal "tax enforcement" in this country. then they look around in bewilderment as to why we are such a miserable country even with all the happy face pills were popping, why there are no jobs here in the us and why municipalities, states and fed gov't are all bankrupt. the rest of the blame goes to the dopes in this country that let them get away with it while arguing over "stuff and nonsense" like right vs left, red vs blue, liberal vs conservative, guns, abortion, gays, government conspiracies ......

    ray charles double blindfolded in the basement in a house without power can see why

    as for apple, its appalling that the guy can sit there and say we pay our taxes. yeah okay, how much did you pay your accountants and attorneys to avoid taxes? how much in us taxes were legally avoided? thats the real question. 1-10scale how much effort did your company put into avoiding us taxes? what was apples effective tax rate? total us taxes divided by total income earned (just like you and I)?
  • chadwick
    chadwick up my ass Posts: 21,157
    JC29856 wrote:
    no one is blaming apple, most of the blame goes to our wonderful representatives that let archaic taxation remain on the books, not to mention the minimal "tax enforcement" in this country. then they look around in bewilderment as to why we are such a miserable country even with all the happy face pills were popping, why there are no jobs here in the us and why municipalities, states and fed gov't are all bankrupt. the rest of the blame goes to the dopes in this country that let them get away with it while arguing over "stuff and nonsense" like right vs left, red vs blue, liberal vs conservative, guns, abortion, gays, government conspiracies ......

    ray charles double blindfolded in the basement in a house without power can see why

    as for apple, its appalling that the guy can sit there and say we pay our taxes. yeah okay, how much did you pay your accountants and attorneys to avoid taxes? how much in us taxes were legally avoided? thats the real question. 1-10scale how much effort did your company put into avoiding us taxes? what was apples effective tax rate? total us taxes divided by total income earned (just like you and I)?
    thank you
    for poetry through the ceiling. ISBN: 1 4241 8840 7

    "Hear me, my chiefs!
    I am tired; my heart is
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    no more forever."
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  • mikepegg44
    mikepegg44 Posts: 3,353
    JC29856 wrote:
    no one is blaming apple, most of the blame goes to our wonderful representatives that let archaic taxation remain on the books, not to mention the minimal "tax enforcement" in this country. then they look around in bewilderment as to why we are such a miserable country even with all the happy face pills were popping, why there are no jobs here in the us and why municipalities, states and fed gov't are all bankrupt. the rest of the blame goes to the dopes in this country that let them get away with it while arguing over "stuff and nonsense" like right vs left, red vs blue, liberal vs conservative, guns, abortion, gays, government conspiracies ......

    ray charles double blindfolded in the basement in a house without power can see why

    as for apple, its appalling that the guy can sit there and say we pay our taxes. yeah okay, how much did you pay your accountants and attorneys to avoid taxes? how much in us taxes were legally avoided? thats the real question. 1-10scale how much effort did your company put into avoiding us taxes? what was apples effective tax rate? total us taxes divided by total income earned (just like you and I)?


    apples effective tax rate is reportedly 30%. they pay more taxes in the US than just about every other company.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • know1
    know1 Posts: 6,801
    Our government should make our tax rate competitive if they are really interested in keeping the money at home.

    If they choose not to, well that tells you what they think of our country.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Go Beavers wrote:
    unsung wrote:
    I have no problem with this.

    That said when will people wake up and start protesting their own personal income tax? Why does the government get to decide how much of the fruits of your labor that it gets? Ridiculous.

    So you think the individual should decide how much to pay in taxes? Maybe a neutral third party? :lol:



    I believe the personal income of an individual should be exempt.
  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,672
    unsung wrote:
    Go Beavers wrote:
    unsung wrote:
    I have no problem with this.

    That said when will people wake up and start protesting their own personal income tax? Why does the government get to decide how much of the fruits of your labor that it gets? Ridiculous.

    So you think the individual should decide how much to pay in taxes? Maybe a neutral third party? :lol:



    I believe the personal income of an individual should be exempt.

    What taxes in your eyes are OK for us to pay? For clarification.
    ___________________________________________

    "...I changed by not changing at all..."
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    Consumption.

    Not personal income or property. No death taxes either, no double taxes on investments.
  • know1
    know1 Posts: 6,801
    unsung wrote:
    Consumption.

    Not personal income or property. No death taxes either, no double taxes on investments.

    I'd love to see us move to a consumption tax.

    I think there would have to be a credit given for the low end of the income scale, but I'd take a consumption tax in a heartbeat.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • polaris_x
    polaris_x Posts: 13,559
    unsung wrote:
    Consumption.

    Not personal income or property. No death taxes either, no double taxes on investments.

    i would go for a flat tax of say 10% combined with a consumption tax
  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,672
    know1 wrote:
    unsung wrote:
    Consumption.

    Not personal income or property. No death taxes either, no double taxes on investments.

    I'd love to see us move to a consumption tax.

    I think there would have to be a credit given for the low end of the income scale, but I'd take a consumption tax in a heartbeat.

    I would be curious to see how this system worked in practice.
    ___________________________________________

    "...I changed by not changing at all..."
  • unsung
    unsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    It worked until 1913.
  • Go Beavers
    Go Beavers Posts: 9,862
    I often ask in tax threads what the revenue amount would be, but I've never got an answer.
  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,672
    Go Beavers wrote:
    I often ask in tax threads what the revenue amount would be, but I've never got an answer.

    This would be my concern. It just doesn't sound like it would be a sustainable model. But maybe I'm wrong.
    ___________________________________________

    "...I changed by not changing at all..."
  • mikepegg44
    mikepegg44 Posts: 3,353
    Go Beavers wrote:
    I often ask in tax threads what the revenue amount would be, but I've never got an answer.


    17 dollars and a pair of choppers.



    It isn't as a simple answer. It depends on your revenue goal as well as economic activity.

    since income tax revenue accounts for about 50% (more recently it is closer to 40, but that is because of all the job losses that occurred) of revenue, the federal gov't might lose some or gain some based on what they set the rate at.
    the Brookings institute estimated that you could raise with a 5% VAT tax and subsidies to try to keep it progressive would equal about 1% of GDP. So proportionally you could kind of do the math out to a reasonable % of GDP goal. Considering people having more money directly in their pocket might spur consumption, you may have a higher revenue total from a relatively low number. And people wouldn't be able to minimize their tax responsibilities as easily as they do now
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan

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