revenant
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South Korea says Apple owes $46 million in unpaid taxes
tommikele said:anonymouse said:Yeah, the Samsung Trade Commission. A lot of regulations coming out of South Korea lately that seemed designed primarily to kneecap Apple and Google and promote Samsung. Perhaps it's time to send them a bill for the protection by US military forces.
BTW, South Korea pay the US billions for military presence of the USA. There is legit discussion over whether it should be more, but the deal was renegotiated about two years to significantly increase what they pay.
Have some facts and knowledge before you spout off. -
Apple lobbies against tax hikes proposed in $3.5T economic package
davidw said:revenant said:
And every taxpayer should use all their legal deductions, to reduce the taxes they pay. Even if it ends up being zero. It doesn't get more American than that.
Just because a company had billions in revenue, it doesn't mean that they will have any taxable profit.
By far, the biggest contribution any corporation (large and small) can make toward the government tax revenue is the creation of jobs. Income tax and payroll tax accounts for over 85% of the 2020 $3.4T Federal tax revenue. (50% income and 35% payroll) Corporate tax historically contribute about 7%to 9%.
Small businesses accounts for about 64% of new jobs every year. Big corporations on the other hand, accounts for 36% of new jobs every year. But 99.7% of all businesses are "small businesses". Only .3% of all businesses are big corporations. So .3% of all businesses, accounts for 1 in every 3 new jobs every year.
Now of days, over 40% the people working, are working for a big corporation.
https://www.nysscpa.org/news/publications/the-trusted-professional/article/more-americans-work-at-big-firms-than-small-ones-040717
It is in the best interest of government to make sure that they do not tax big businesses, out of business. Losing the corporate tax is nothing, compared to losing the income and payroll taxes, when a big corporation goes out of business.
Here's an interesting perspective from the liberal media, "The Atlantic"
https://www.theatlantic.com/magazine/archive/2018/04/learning-to-love-big-business/554096/
it is legal because the law makes it so, but there is quite a lot of money dodging taxes. but, we also do not know the waste in gov't- and I am far more concerned about that. -
Apple lobbies against tax hikes proposed in $3.5T economic package
maestro64 said:revenant said:maestro64 said:
BTW, In 2020 61% of the citizen of this country did not pay any Federal income taxes, This mean that 39% of the balance of people and companies paid all the taxes that run the county. If you are talking about everyone paying their fair share, why aren't people complaining about the 61%, they also benefit from all the services the government provides.
in tandem with a tax overhaul there needs to be an audit of government waste.
Actually I am very much an advocate of a flat tax, I feel the tax everyone pays should help everyone, for things like infrastructure. I also believe you do not have right to say how the money is being allocate if you did not pay in. Do you allow your kids in your house tell you allow to allocate house hold income. Everyone should pay a flat amount every year with no deductions. We got half way there with the last tax law, it limited total amount of deductions, you are caped at $24K if married unless you give away lots of my money each year. In the past anyone making a reasonable income could write off a lot more than $24K and reduce their federal tax burden by a lot, some people pay little to no federal taxes but paid lots of local taxes. Even though the GDP in the US in 2020 droved significantly, meaning companies and individuals made less overall, the Federal government collect more taxes for 2020 than they did in 2019, why, the people on the higher end were forced to pay more. This was due to the change in tax laws, notice the people in government are not screaming as much about the rick not paying their fair share.
You are correct someone making $50K paying 10% taxes, which is $5K means more to them than someone making $500K and paying $50K in taxes, however, what you failed to see if the $50K represents 10 people making $50K and that one person taxes does more than the $5k one person is making. You do realize as % of their incoming they both pay 10%, it not the fact that poor are paying more, it is the fact poor people have the same basic living costs which use up the other portion of their income just to live, verse the other person has a lager $ amount of disposable incoming to by other things. But that does not mean the person making $50K should not pay, and they somehow deserve not to share in the burden of the system that supports everyone equally. Remember roads, sidewalk, water and sew system, police, fire, and list goes on has no way to discriminate. However, as soon as the system start picking who should and should not get services or who has to pay taxes the person making the decision can discriminate and it happen more times than not.
BTW, when the Fed does not have enough Tax money to pay for all their great ideas they just have the Treasury print more money, which devalues the currency and make what you buy cost more. This is why Roosevelt took the US off the gold standard for our currency. It did not allow him to print money to pay for all his bad ideas which we still paying for today. This alone make is hard for lower income individual to have better things not how much they get paid.
a flat tax still misses the point (and let's be serious, we are not going to solve this issue here). warren buffet said he paid 12% fed income tax (cannot remember the year) while his secretary paid more. it would not disrupt his lifestyle one iota if he paid 20%, whereas those making 50k (or less) feel it far more and it does impact their lives, especially if they have children. last time was in the states I was taxed 23.5% (total) on 38k. according to the IRS wealthy people are making out like bandits (1 trillion uncollected), they have been using loopholes, and now they just pay less.
you once again appear to attack people who are not paying their fare share and seem to point to those making 50k as opposed to 500k. you do not wag the finger at rich companies or individuals who tax dodge (or use 'legitimate tax avoidance measures' only they can benefit form). if we are going to pick and choose services to miss, then any company not paying tax should also be skipped, perhaps barred from the interstate. not sure anyone can escape sewer and water though.
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Apple lobbies against tax hikes proposed in $3.5T economic package
maestro64 said:
BTW, In 2020 61% of the citizen of this country did not pay any Federal income taxes, This mean that 39% of the balance of people and companies paid all the taxes that run the county. If you are talking about everyone paying their fair share, why aren't people complaining about the 61%, they also benefit from all the services the government provides.
in tandem with a tax overhaul there needs to be an audit of government waste. -
European Commission says Apple is in breach of EU competition law
dope_ahmine said:dewme said:crowley said:dewme said:
At some point the cost of doing business in the EU with its parasitic taxation schemes, intrusive oversight, and blatant protectionism may inspire global players to simply take a pass on dealing with any of it at all.