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
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.
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