Hey bud, I have a few APPL products that I like, but this left leaning company had more than twice the market cap of XOM, but pays 25% less. Nice have a company and an industry protected by the left leaning dims in this country.
If they’re paying less than the law requires, they should pay according to the law.
BUT ... what we believe here on Free Republic is REDUCING TAXES so if we’re talking about changing the law, we should change the law so that these companies pay LESS TAXES, not more taxes!
It’s our philosophy here on Free Republic that the existing taxes are TOO HIGH and that applies to companies and individuals. So that means Apple is PAYING TOO MUCH TAXES, along with those other companies paying too much!
We don’t take the LIBERAL approach here and say, “You should pay more taxes!” ... LOL ..
I should also ask here, since you seem to be indicating this ... are you saying that the market capitalization of a company should be taxed every year ... because that’s what it sounds like.
I do believe that their net income should be taxed, but that those taxes right now for companies are TOO HIGH and should be REDUCED DRASTICALLY by law.
So, I should ask here, are you for DRASTICALLY REDUCING the taxes on corporations?
Here’s a brief article on market capitalization and net income.
Does Net Income Increase With Market Capitalization?
http://smallbusiness.chron.com/net-income-increase-market-capitalization-35843.html