So how many of you actually PAY income taxes?
The half that don't pay income tax obviously want the half that does to pay more so they can get more. It's only human nature.
Do you want to pay more?
Do you think you get fair value for the taxes you pay?
I definitely don't.
I know I don't want to pay more federal taxes unless it solely pays for defense, security, public utilities, infrastructure, roads, bridges, levees, natural disasters. Otherwise, anything else is BS.
it's also good politics to cater to the lowest common denominator and promise more free .
I would pay more in taxes in exchange for a single payer healthcare system...obviously I wouldn't pay for healthcare through my work. Likely a wash...
wrt value, That's a complex question. The federal government is the largest employer in America. That's a lot of jobs...that money goes back into the economy, etc. etc.
It's also good politics to promise tax cuts across the board regardless of whether it's good policy.
Good point but I think lower taxes do more to grow GDP than higher taxes and higher GDP at a lower tax rate can produce more gross dollars than a higher tax rate at a lower GDP.
All I know it's there is 2.1 trillion parked overseas. That's a load of infrastructure waiting to happen.
I think that depend on where the tax cuts go. As the richest people pay more taxes, they'll obviously reap the lion's share of the benefits of an across the board tax cuts. There's no signification evidence supports your claim.
Single-payer health care is a re ed solution.
So are you arguing for repatriation at a lower rate?
Solid rebuttal.
Oh, no. Imagine what that stack is earning in simple cost of money figures.
Pay the ing taxes on it already.
Single payer would certainly save me a load of money. I pay 100% of healthcare premiums for employees and family and that's up to almost $20,000 a month for my little company. i'm not typical though and it could mean that your average middle class taxpayer could see the taxes going up 4-5 thousand. They have to pay for their health care and also the 'other half" that doesn't pay anything.
Absolutely. If you don't it's not ever coming back. I quoted Tim Cook in another thread...
What do you say in response to Nobel economist Joseph Stiglitz’s comments on Bloomberg [television], where he called Apple’s profit reporting in Ireland a “fraud”?
I didn’t hear it. But if anybody said that, they don’t know what they’re talking about. Let me explain what goes on with our international taxes. The money that’s in Ireland that he’s probably referring to is money that is subject to U.S. taxes. The tax law right now says we can keep that in Ireland or we can bring it back. And when we bring it back, we will pay 35 percent federal tax and then a weighted average across the states that we’re in, which is about 5 percent, so think of it as 40 percent. We’ve said at 40 percent, we’re not going to bring it back until there’s a fair rate. There’s no debate about it. Is that legal to do or not legal to do? It is legal to do. It is the current tax law. It’s not a matter of being patriotic or not patriotic. It doesn’t go that the more you pay, the more patriotic you are.
i don't have a problem with lowering the corporate tax rate as long as it removes the loopholes and levels the playing field so large connected companies pay little to nothing while small and mid-sized companies pay the higher rates.
There should be no need for a lower repatriation rate in that case.
Tim Cook again...
In the meantime, it’s important to look at what we do pay. Our marginal rate, our effective rate in the U.S. is over 30 percent. We are the largest taxpayer in the United States. And so we’re not a tax dodger. We pay our share and then some. We don’t have these big loopholes that other people talk about. The only kind of major tax credit that we get is the R&D tax credit, which is available to all companies in the United States. That’s important to know. The second thing I would point out is we have money internationally because we have two-thirds of our business there. So we earn money internationally. We didn’t look for a tax haven or something to put it somewhere. We sell a lot of product everywhere. And we want to bring it back, and we’ve been very honest and straightforward about that.
Again, I don't mind lowering the corporate tax rate to a fairer rate across the board. If this is the case, there should be no need for a special one-off repatriation rate which have proved ineffective in the past.
Cook needs to factor the 6-8% annualCOM gains in that cash before he whines about paying 40%. What an asshole.
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