rwx9901

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rwx9901
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  • Multinational tech giants like Apple often 'pay taxes nowhere,' says German minister

    rwx9901rwx9901
    SpamSandwich said:
    foregoneconclusion said:
    Corporations recently received an absolutely gigantic tax cut from the U.S. government. If it's true that prices are based on taxes, then that gigantic cut should have resulted in a measurable plunge in consumer prices. Did it? No. It resulted in a measurable increase in profit taking and stock buybacks. 
    Businesses exist to make a profit. So. What?
    Blows me away the vitriol thrown at corporations.  These same people use products up to an including typing on this forum created by corporations.  The shoes they wear?  Corporation.  The clothes they wear?  Corporations.  Cell phones?  Corporations.  Cell towers?  Corporations.  ISP?  Corporations.  Food they eat?  Corporations.  Movies they see?  Corporations.  Quick to flick the tongue against these type of organizations but secretly shop and do business with every last one of them without complaining a bit.  Such dishonesty.  
    designrSpamSandwich

  • Multinational tech giants like Apple often 'pay taxes nowhere,' says German minister

    rwx9901rwx9901
    gatorguy said:
    designr said:
    gatorguy said:
    rwx9901 said:
    Corporations do not pay taxes. Period. They collect taxes. Nothing more.
    Please tell that to the IRS.  Please. The corporation I control would love that to be true. The Irish and Apple already thought that as well so tell the EU too. :)
    I think you're missing what he means. Who does the corporation you control get revenue from? Those are the ones paying the taxes. It's just basically an accounting trick that makes it seem the the corporation itself is paying them.
    I can give you a personal example since I do have 2 corporations.

    Neither of them price their products to include corporate taxes on the profits from those sales.

    There's some years they've owed no taxes whatsoever, many more that they have. Pricing in the tax expected at the end of a year based on what profits those corporations factually realize and then adding to each of the products doesn't happen. If we could price our products higher and still maintain our sales goals we would just as EVERY corporation would. We all love profit. We can't compute "what the market will bear" and then add another fee on top for corporate taxes. That would end up counterproductive If we have already priced properly then adding the tax on top would logically result in fewer sales and in all likelihood LESS profit. 

    People that make up these stories that corporations don't pay taxes, consumers do, don't run corporations. 
    Sorry, but that's just not true.  I am a partner in a corporation.  I know how this works.  Is it your contention that you are unaware that the current corporate tax rate stands at 21%?  A corporation always knows what their tax component is and makes the necessary accommodations to their bottom line.  Always.  If it doesn't then that's just irresponsible.  Having said that my example above stands.  If the tax burden on your corporation increases from 21% to 35% would you take less in profit or would you pass it onto the consumer?  
    randominternetperson

  • Multinational tech giants like Apple often 'pay taxes nowhere,' says German minister

    rwx9901rwx9901
    designr said:
    gatorguy said:
    rwx9901 said:
    Corporations do not pay taxes. Period. They collect taxes. Nothing more.
    Please tell that to the IRS.  Please. The corporation I control would love that to be true. The Irish and Apple already thought that as well so tell the EU too. :)
    I think you're missing what he means. Who does the corporation you control get revenue from? Those are the ones paying the taxes. It's just basically an accounting trick that makes it seem the the corporation itself is paying them.
    Thank you.  The consumer, and only the consumer, pays taxes.  Corporations do not pay taxes.  They collect taxes and nothing more.  An example would be this.  If Apple's tax burden were increased by 5% would Apple decrease their profit margin by 5%?  No.  They would more than likely pass that cost onto the consumer rather than face their shareholders and say we are going to reduce our PM by 5%.  Not gonna happen.
    designr

  • Multinational tech giants like Apple often 'pay taxes nowhere,' says German minister

    rwx9901rwx9901
    Corporations do not pay taxes. Period. They collect taxes. Nothing more.
    designrjbdragonkarsk

  • Apple reportedly removes pro-democracy music from Apple Music in China

    rwx9901rwx9901

    rwx9901 said:
    The word democracy is evil in and of itself.  Simply put it's mob rule.  As for the states we are not a democracy even though our government educators and universities continue to lie to their students about that.  We are a constitutional republic.  Having said that I don't know what's worse.  Democracy or Communism.
    Nobody is lying, enough with your tinfoil paranoid nonsense. We’re a democratic republic, stop pretending that you’re the only one who knows this. 
    Really, I suppose you believe we have a right to vote in a federal election too don't you?  But you keep soaking up what government educators and professors feed you if it makes you happy.  And no we're not a democratic republic.  And why would you assume that I were the only one who knows that we are a constitutional republic?  Stating that we're a constitutional republic is tinfoil paranoid nonsense?  Then perhaps you can show me where in the constitution and/or bill of right that says we are a democratic republic.  Matter of fact if you don't mind point to me where you find the word democracy at all. 
    muthuk_vanalingam