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[New York Times] How Apple Sidesteps Billions in Taxes - Page 6

post #51 of 199
Quote:
Originally Posted by MediaRocker View Post

Just throwing this out there, I'm not posting this article as a "Another reason to hate Apple" thread. I'm just posting this because 1. It's news, and 2. it's relative to the Tech Sector.
It's a legit business move, and if anyone else read my next post they would read where I threw GE under the bus too.
Tax code = broked. (sic)
What I'm laughing at is all the QQ'ing in favor for this behavior when I pay my fair share in taxes... they should too! I would like a tax holiday... I would like for them to bail me out if I got into severe financial failure due to my mismanagement of funds... I would like to be given BILLIONS in Tax Benefits... Do we the people get it? No. And I know life's not fair, but why are we carrying big business, when they should be able to carry themselves? They are pulling in billion dollar PROFITS. It's not like they are suffering any. They QQ about Taxes and Labor Laws and say "It's going to hurt us" when it doesn't in the least. I don't buy into their crap that it's going to be the end of their organization. It wouldn't kill Apple, GE, and all the others to pay their fair share... and while this is LEGAL, the practice should be made Illegal.
No more handouts. No more Tax holidays. No more Bailouts. No more ANYTHING.
The mere second I don't pay a single dollar on my taxes I have my wages garnished or worse. It's high time the same crap happens to them too. If everyone paid what they were supposed to in the first place... I don't think we'd be in this bad of an economic slump.
Don't buy into their crocodile tears "OH TAXES HURT US"... pfft yeah paying my fair share hurts me too. Also you are a fool if you honestly believe lowering their rates would actually encourage them to pay taxes when they can get away with not paying taxes.....
In addition It is really easy to not bring politics into this because the proverbial blame game always gets played. Keep the blame out of this and discuss the topic at hand. thumb.gif Look 5 pages of discussion and not a single political comment. It's going pretty good so far...
Hey if Microsoft was hitting the top news stories I'd be posting about them too. thumb.gif I'm not trying to feed the haters and trolls. Apple does a pretty good job of that themselves...

Great post.
post #52 of 199
Guyz I heard Apple is the onl company that avoids taxes....using.....loop...holes.....Oh wait....thumb.gif
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post #53 of 199
I'm ignorant when it comes to economy, taxes and the laws that apply. What is the reasoning behind the more money you make the more you are expected to pay in taxes? I'm talking percentages obviously, not overall money taxed. Why would a company that makes say 5B/Yr in profits expected to pay more % wise than a company that makes 2M/Yr? I suppose this applies to individuals as well. I'm sure it is basic economics, but like I said, I am ignorant on the subject. A really rudimentary answer would suffice, not looking for in depth response or anything.
post #54 of 199
Quote:
Originally Posted by Strat79 View Post

I'm ignorant when it comes to economy, taxes and the laws that apply. What is the reasoning behind the more money you make the more you are expected to pay in taxes? I'm talking percentages obviously, not overall money taxed. Why would a company that makes say 5B/Yr in profits expected to pay more % wise than a company that makes 2M/Yr? I suppose this applies to individuals as well. I'm sure it is basic economics, but like I said, I am ignorant on the subject. A really rudimentary answer would suffice, not looking for in depth response or anything.

It's called a "progressive tax"

I for one agree with it, however, here's a Wiki link. Read up on it and form your own opinions. smile.gif
    
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post #55 of 199
'progressive tax' makes economic sense as those who can afford to pay the most tax pay the most tax and mathematically it gains the most tax income revenue.
Edited by chinesekiwi - 4/29/12 at 11:30am
post #56 of 199
I don't blame Apple. I blame the broken tax system in America.
post #57 of 199
Corporation in Tax "efficiency" shocker! First thing every business owner tells their accountant is "I want to pay a little tax as possible".
post #58 of 199
Although not illegal it is highly immoral.
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post #59 of 199
Quote:
Originally Posted by joshd View Post

Although not illegal it is highly immoral.

Rubbish. Me sleeping with my mates wife is immoral. Tax "efficiency" is part of business. The bigger the fish the bigger the prize. I am not saying its the neighbourly thing to do but business is business.
post #60 of 199
Quote:
Originally Posted by MediaRocker View Post

Please keep politics out of this thread

Taxes are an inherently political topic.
Quote:
Originally Posted by Kand View Post

Another reason to hate Apple.

What individual or business would intentionally pay more in taxes than they absolutely have to?
Quote:
Originally Posted by JCG View Post

It's not Apple's fault the loophole exists. They found it exists, so they used it to their advantage. Just like anyone else would.

Exactly.
Quote:
Originally Posted by joshd View Post

Although not illegal it is highly immoral.

Then survival is immoral.

A business that doesn't act like a business will fail.

Even as an individual, I'd rather pocket my money than hand it over to the government so they can waste it on services I do not need, do not take advantage of, and have never voted to support.
Quote:
Originally Posted by Strat79 View Post

I'm ignorant when it comes to economy, taxes and the laws that apply. What is the reasoning behind the more money you make the more you are expected to pay in taxes? I'm talking percentages obviously, not overall money taxed. Why would a company that makes say 5B/Yr in profits expected to pay more % wise than a company that makes 2M/Yr? I suppose this applies to individuals as well. I'm sure it is basic economics, but like I said, I am ignorant on the subject. A really rudimentary answer would suffice, not looking for in depth response or anything.

The reasoning behind the line of thought you mention is that the wealthy need less to support themselves, thus could handle a larger tax burden. Someone who makes 30k a year would have difficulty surviving if they paid 60% in taxes. Someone who brings in 25 million a year could live very well on 10% of that. The government also brings in more money because most money is in the hands of the wealth few.

Anyway, the reality of the situation, at least in the US and many other places, is that the more you make, the less (percentage wise), you pay in taxes. The types of income the wealthy tend to have are taxed at lower rates and have more loopholes.

Personally, if taxes have to exist at all, I'd like to see a flat, sales only, tax. Seems most fair to me an would require the least amount of infrastructure and waste to implement.
Edited by Blameless - 4/29/12 at 11:44am
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