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[New York Times] How Apple Sidesteps Billions in Taxes - Page 17

post #161 of 199
Quote:
Originally Posted by Diogenes5 View Post

http://www.nytimes.com/2011/05/03/business/economy/03rates.html
You do realize that you can decrease spending at the same time, right?

Not with bureaucracies and Congress. Do you realize how hard it is to shrink or kill a department once they are made? They are more loyal to their department than their own country! And they work independently from other groups. And Congress loves wasting money, both parties waste tons of cash, just on different things depending on the party.

But America has some of the lowest taxes in the western world, there is no other place to go to really.
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post #162 of 199
Quote:
Originally Posted by armourcore9brker View Post

I addressed that. smile.gif

Yes, it's been addressed, but my argument was against those that think that higher taxes for the rich are always a bad thing, not you. smile.gif

Most people don't realize that many of the rich are paying a lower percentage than some of the middle class.
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post #163 of 199
So should Californians start demanding we pay tax when we buy items on Amazon?
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post #164 of 199
Quote:
Originally Posted by homestyle View Post

So should Californians start demanding we pay tax when we buy items on Amazon?

This thread is about income tax, not sales tax.
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post #165 of 199
Quote:
Originally Posted by Shrak View Post

Therefor only feeding the Apple haters on this forum. This is what I mean in every Apple thread that I've posted of late. The stuff Apple is doing is really not all that different than the rest of the worlds large corporations. But the only articles to get posted here, are the ones of Apple. Which just feeds the trolls and haters.

this is overclock.net, not ease-of-use.net. if you love apple, good for you but personally i hate them and i know lots of people do.
post #166 of 199
Quote:
Originally Posted by lordikon View Post

It's not about laziness in all cases. I make a 5-figure salary, and pay a higher tax percentage then the multi-millionaire Mitt Romney. How exactly is that fair? The problem is that the rich are actually paying lower tax percentages in many cases than the middle-class, because of all of the loopholes they can take advantage of. Because of greed the richest people in the country are often in a good position to keep themselves rich at the expense of others. I'm a fiscal conservative but I find myself agreeing with Obama's proposal that we close all tax loopholes, simplifying the process and making the rich as least pay the same tax percentage as people making less than them.

Mitt Romney does not pay 15% income taxes. That's what he pays in capital gains tax, which happens to be his primary source of revenue. There is a reason capital gains tax is what it is. In investing, gains have to be weighed against taxes and risk. Raise the tax rate, and the acceptable risk must be lowered for the investment to make sense. Raise the tax too much, and investing is no longer a wise thing to do with your money. In that case, someone who has enough money to live off the investment gains, also has enough to simply live off what he has, which is even worse for the economy as less tax revenue is generated, and no businesses have investors to fund them. The point of a low capital gains rate is not to let the rich pay less in tax, but to encourage investment. It should also be noted that you don't need to be rich to take advantage of this. Start investing early, and compound interest will do beautiful things to your account.
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post #167 of 199
Quote:
Originally Posted by 8800GT View Post

this is overclock.net, not ease-of-use.net. if you love apple, good for you but personally i hate them and i know lots of people do.

And it being OCN has what to do with anything? Derp.

This article isn't any different then the thousands other talking about every major company in the world. The only reason it was posted here is because it was of Apple. Has nothing to do with loving or hating Apple.

You see people in this thread saying stuff like " Another reason to hate Apple " and the like. Just think if people found out Microsoft, Dell, Hp, Lenovo, Xerox, Boeing, ASUS, Asrock, MSI, G.Skill, Mushkin, and pretty much any company that may be in their computers ( and not even limited to electronic, but any company ), all do the same thing. No one would be saying oh " Another reason to hate x, y, z ".

The OP may not have intended that to be the purpose of the thread, but by posting it on OCN it inadvertently forces it to be that way. With the way people are on this forum.
post #168 of 199
Quote:
Originally Posted by lordikon View Post

This thread is about income tax, not sales tax.

this thread is also about corporations not individuals. this thread is about apple, not amazon.

gasp.

how dare i expand the topic on post #163.
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post #169 of 199
Thread Starter 
Quote:
Originally Posted by Shrak View Post

The OP may not have intended that to be the purpose of the thread, but by posting it on OCN it inadvertently forces it to be that way. With the way people are on this forum.

I would have posted about Google doing the same, but that was reported back in 2011. This was a recent headline so I posted it. Didn't intend for it to be a hate thread. I was trying to bring a solid discussion topic in... in which it did succeed to me as this thread is now 17 pages long. This is about how Apple accomplishes it, other companies do things like GE where they import profits from overseas... Nevertheless I think there was a good discussion.
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post #170 of 199
Quote:
Originally Posted by trumpet-205 View Post

Doesn't necessary mean as a country it is good idea to keep bumping minimum wages. Bumping minimum wages can,
* Force companies to outsource jobs
* Less work time
* Less demand in unskilled labor
* Unskilled workers having hard time to compete with skilled workers
* Reduced benefits
* Increased labor demands in black/illegal market (illegal workers)
* Make companies pass along extra cost in the form of increased price, aka cost inflation
* Barrier of entry for emerging small business
* Gives businesses more incentive to replace labors with machines. Self-checkout, self-check in at airports, etc are all examples of it

How many more flaws can you get?

1) Not all jobs are manufacturing jobs, most of the economy is service jobs. Y'know, your person who serves your Starbucks latte or your Big Mac or tells you that you look fat in that outfit at The Gap.
2) Firms will hire or fire based on the economy, not based on wages. The minimum wage rate has zero correlation to employment rates. Plenty of examples.
3) Guess what, most workers in the economy and working minimum wage are citizens.
4) As stated, wages cost very little as opposed to commodity costs. Most if not all firms can absorb the extra labour costs. Price increases are far more due to increased commodity costs. If you can't afford minimum wage wages and raises in that, the ship is already sinking on your business due to lack of cashflow.
5) Machines only replace workers when it is more productive because it results them in increased cashflow making them more money through more production, not because they want to get rid of workers because of their wage costs. More productive also include less time to do a certain thing as time is a factor.

Good to know you haven't studied even high-school economics or been in business yourself.
Edited by chinesekiwi - 5/1/12 at 3:23pm
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