All these Apple threads are by Apple's paid social media trolls out to pump the Apple stock price.
But your comment All these Apple threads are by Apple's paid social media trolls out to pump the Apple stock price is wrong. If you check I have been a member of Free Republic Since Sept 15, 2001 and do not own Apple stock. The comments are mine and I am not paid to comment by anyone.
Oh boy! The ole Apple-Hater Cult Group has arrived! What a deal!
Apple has record profits, much of it overseas, on which it has paid tax overseas - and, surprisingly, Apple is no more excited than any other American company over the prospect of paying tax again on that same money here.In the context of the capital gains tax, Obama has made it clear that improving the US economy just isn’t what floats his boat, so the Capital Gains tax rate is above the point of diminishing returns. That means that Americans don’t elect to realize nearly as much of their capital gains as they would if the tax rate were much lower. It is a case of government greed.
Similarly, if the corporation could expense dividends the way it in fact expenses interest payments, APPL and any other similarly situated corporation would bring most of that foreign cash to its American shareholders - who would pay income tax on it like any other income, and invest or spend the rest - primarily in America.money Apple intends to suck out of the US economy by keeping the cash overseas
That money was always overseas to begin with; AAPL earned it overseas and paid taxes on it overseas. It never came out of “the US economy.” Obama demands credit for what AAPL has done, and AAPL has declined to give him that credit by infusing that money into the Treasury at confiscatory rates. And if you were in charge of an American corporation you would take the same approach if you could. Or you wouldn’t be smart enough to merit that position.
He has also been told, repeatedly that Apple is no different than every other multinational corporation which has PAID TAXES on the income they have earned in the jurisdictions in which they earned that income. The United States is one of only TWO countries in the world that wants to claim the right to income taxes on earnings no matter where they were earned by companies. . . double taxation. That tax rate is currently 35% for merely bringing home already taxed profits! Money that they legally own.
Apple is, contrary to what CodeToad would have you believe, the LARGEST CORPORATE TAX PAYER in the UNITED STATES OF AMERICA, paying $1 out of every $40, with a 29% effective tax rate on their United States revenues. He LIES by implying they do not pay taxes on what they earn.
Apple's CEO, Tim Cook, has appeared before the US Senate to testify to these facts when the Democrats accused Apple of paying zero taxes, and pleaded with them to change the confiscatory tax code. . . so that Apple and the other US corporations could bring their money home and invest it here. Proving once again that CodeToad LIES when he claims that Apple intends to "suck out the US economy", especially since Apple's CEO testified that none of Apple's profits from the US economy were shipped overseas, but were re-invested HERE, in the US. In fact, Apple is investing multiple billions of dollars in the US economy, notably $850 million in California for their new solar power investment, $300 million for their new head-quarters, additional billions in multiple locations for server farms in Oregon, South Carolina, etc. And all of that construction uses American Labor. So, CodeToad LIES again.
He also LIES by implying they do not employe US workers. Apple has 47,000 employees in the US out of their ~70,000 world wide work force, but also has created over ONE MILLION jobs in the US economy, all of which are directly attributable to Apple's business. . . and all of it taxable. Many of those jobs are in Manufacturing as Apple makes its MacPro in Austin, Texas, and assembles the iMacs Elk Grove, California, both of which are in the USA. So CodeToad LIES again because he knows these facts, but chooses to ignore these inconvenient facts in his posts so he can bash Apple.
Really, you spout pure crap but you think using big red type makes you and your message more important. Give me a freakin’ break. That’s what an ass-hat troll does. Are you one? If not, cut the crap. Stop trolling and start your own damn thread.
Posters who use pretty red bold text must be gay. What's next for CodeToad, rainbow text?