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To: AFPhys

It was scary...Ron Pauls answer on global economics actually made sense.


686 posted on 01/19/2012 6:26:40 PM PST by bigbob
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To: bigbob
It was scary...Ron Pauls answer on global economics actually made sense.

Very scary. And Santorum had good points.

It was actually a decent question and got good responses. Apple has well over $50 billion stuck overseas because they won't bring it back to the US, because of the 35% corporate tax hit.

If Apple wanted to bring that money back into the US, and this affects all US tech companies - Dell, HP, etc., Apple alone would have to give over $15 billion of that $50 billion to the US government.

Over $15 billion is a helluva lot of jobs and investments.

Add up Apple, Dell, HP, Google, Microsoft, and all the other tech companies and you'd probably hit $100 billion that they would be losing in taxes to bring it over here.
731 posted on 01/19/2012 6:32:23 PM PST by af_vet_rr
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