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(Business Insider)   Republicans livid that left-wing corporations can also use tax loopholes   (businessinsider.com) divider line 177
    More: Obvious, use tax, Republican, protection racket, tax code, Politics of the United States, loopholes, tax havens, Tom Coburn  
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4526 clicks; posted to Politics » on 02 May 2012 at 8:38 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-02 12:02:15 PM
Rwa2play: I've said it before and I'll say it again: Republicans are the real life version of a wrestling heel, especially when Democrats/anyone on the left plays the game with the rules *they* set.

The GOP as Iron Sheik and Nikolai Volkoff... Not bad. Hint of irony with a subtle bouquet of haha
 
2012-05-02 12:08:04 PM
skullkrusher: Rwa2play: I've said it before and I'll say it again: Republicans are the real life version of a wrestling heel, especially when Democrats/anyone on the left plays the game with the rules *they* set.

The GOP as Iron Sheik and Nikolai Volkoff... Not bad. Hint of irony with a subtle bouquet of haha


Actually: The GOP as Ric Flair is more appropriate.

/WHOOOOOOOOOOOOOOOOOOOOO~!
 
2012-05-02 12:12:00 PM
proteus_b: how is apple a "left wing" corporation?

This is just speculation but:
Hipsters use Apple Products
Obama uses apple products therefore he is a hipster
Obama is a democrat therefore Apple is a "left wing" corporation
 
2012-05-02 12:12:18 PM
EWreckedSean: Remember kids, let's go after big oil. I mean, Exxon has a 7.6% profit margin and produces energy. Apple has a 29.6% profit margin and produces cell phones and tablets. It's obvious who we need to go after here to solve our revenue problem.

I ... don't think you understand this debate. Maybe stick to pony threads?
 
2012-05-02 12:23:57 PM
Happy Hours: Tarl3k: I believe we are seeing a new species of bullshiat: The "Strawmanus Rex". This is a HUGE strawman. NOBODY is saying that companies like Apple shouldn't be paying a higher tax rate and be prevented from exploiting tax loopholes. However, people like this idiot defend "their side" by pointing out "Hey, look over there, go attack that company, they are just as bad!!!! AND they are NOT an oil company, so they MUST be a left 'left wing' corporation, get 'em!!!!!!" The classic strawman, just taken to a ridiculous extreme by making shiat up...

what the fark are you talking about? The headline? You must be new to fark.


Yes, you have me figured out, I MUST be new to Fark Never mind I have a 4 digit Fark# that starts with a 1. I am calling somebody out on bullshiat so I MUST be new to Fark, that is the only possibly explanation...Oh wait, there IS another possible explanation. The person who submitted this headline is a retard and should be ashamed of what they are saying...at least now that have a partner here at their painfully low IQ level.
 
2012-05-02 12:32:10 PM
BeesNuts: EWreckedSean: Remember kids, let's go after big oil. I mean, Exxon has a 7.6% profit margin and produces energy. Apple has a 29.6% profit margin and produces cell phones and tablets. It's obvious who we need to go after here to solve our revenue problem.

I ... don't think you understand this debate. Maybe stick to pony threads?


Speaking of Pony threads and Apple...

/Yeah, master of the segue that's me.

Anybody remember that thread we had a while back in the Geek tab where the article writer was convinced MLP FIM Season 2 episode 15 (Super Speedy Cider Squeezy) was a not so thinly veiled metaphor for Apple's battle against Samsung?

Good times. Link

images5.fanpop.com

/Getting a real *ahem* kick, etc.
//Teh ponypic is hawt.
 
2012-05-02 12:36:18 PM
 
2012-05-02 12:44:44 PM
How is Apple a "left-wing corporation"? They always been some of the biggest bastards in the US, business-practice-wise, but I don't recall their bastardy ever being politically aligned.

Also, pretty sure hiding profits from US sales in offshore subsidiaries is supposed to be straight-up illegal, kinda curious how they pulled that one off.
 
2012-05-02 12:46:04 PM
WhoIsNotInMyKitchen: EWreckedSean: WhoIsNotInMyKitchen: I pretty much think the GOP is one of the most evil organizations on the planet, but some of what Imhoe said actually made sense... partially. The tax / regulatory structure in the US is screwy and needs reform. The ability for Apple and these other global firms to hide their profits and cash offshore is simply because the current tax system LETS them. It needs a complete restructure that undobtedly includes lowering the nominal tax rate and eliminating loopholes/credits/etc...

But beyond that it also needs to have policies that will help the country and workers, not just bottom line profits for executives. Things like installing big tax disincentives for offshoring, increasing import tariffs, etc... This whole "Job killing regulation / freer trade is good for everybody" mantra has clearly been proven false.

The BS of IBM basically moving to offshore everyone except sales and management is EXACTLY what government and tax policy is meant to address. When you put it a system that encourages a global "race to the bottom", you are just institutionalizing an economy of grand masters and an army of serfs. This type of structure is why Rich Saudis all think they are awesome business people... they aren't, they just have corrupt business deals implemented by armies of literal slaves from Pakistan, indonesia, the phillipines, etc... Unfortunately, the Saudi Model is exactly what the GOP has been following for the last 30 years as well.

Its all so farked up and institutionalized at this point in both parties that I honestly don't see any serious reform happening until the whole house of cards collapses. It really makes me sad for my kids.

Doesn't the globe already do that on it's own? If you can manufacture a widget for $1 in China and $25 in the US. if you set up a tax code that forces manufacturing back to the US prices, how do companies then compete globally against foreign companies with no such burden?

Trade barriers and t ...


Look up "Causes of the Great Depression".
 
2012-05-02 12:47:13 PM
proteus_b: eldritch2k4: Profit margin means fark ALL in this debate. If Exxon and Apple sold the EXACT same number of widgets each year, profit margin would mean something. Exxon sells a LOT more gallons of gasoline than Apple does iPods.

let me guess--- you also request your pizzas to be cut into 16, rather than 8, slices so that you can get twice as much?


Dude are you retarded?!? .... with 16 you get TWICE as much pizza!
 
2012-05-02 12:51:00 PM
Coburn the RINO.
 
2012-05-02 12:54:41 PM
left-wing corporations can also use tax loopholes

Both of them?
 
2012-05-02 01:13:30 PM
lilbjorn: left-wing corporations can also use tax loopholes

Both of them?


Ben AND Jerry
 
2012-05-02 01:31:15 PM
Apple is about as NOT left-wing as you can get.
 
2012-05-02 01:37:33 PM
skullkrusher

lilbjorn: left-wing corporations can also use tax loopholes

Both of them?

Ben AND Jerry



Whatever happened to Rainforest Crunch ice cream?
 
2012-05-02 01:39:16 PM
karnal: skullkrusher

lilbjorn: left-wing corporations can also use tax loopholes

Both of them?

Ben AND Jerry


Whatever happened to Rainforest Crunch ice cream?


It was turned into pharmaceuticals because biotech... biotech... biotech... IS GODZILLA!
 
2012-05-02 01:59:38 PM
I hate Apple and the Cult of Pretty that it has launched, but I have to agree with subby: NOW suddenly the Right cares about this? Isn't it Exxon that not only pays ZERO taxes, but also gets govt subsidies AND sets record profits every quarter? This has been ongoing forever, and the Right didn't care then. Why start now? Did this dude's MacBook crap out on him, or something?
 
2012-05-02 02:32:27 PM
proteus_b: how is apple a "left wing" corporation?

seriously though. how?
 
2012-05-02 02:47:05 PM
ordinarysteve: proteus_b: how is apple a "left wing" corporation?

seriously though. how?


This needs an answer.
 
2012-05-02 02:59:17 PM
I'm getting tired if this "Warren Buffett should write a check" mantra too.

But let me rephrase - To all of you who think the rich are unfairly taxed, write them a farcking check. Pick a Hilton or Kardashian or Romney and write them to take care of their burden. They think their taxes are too high because yours are too low.

"Here Donald Trump, I'm so sorry that you have to actually pay taxes on your millions in income. Let me take care of it for you so you can busy doing some of that job creatin.'"
 
2012-05-02 03:05:42 PM
thurstonxhowell: ordinarysteve: proteus_b: how is apple a "left wing" corporation?

seriously though. how?

This needs an answer.


presumably left-wing now has less to do with a person wanting a social safety net and more to do with wearing a fedora and/or an ironic mustache
 
2012-05-02 03:20:58 PM
EWreckedSean: Remember kids, let's go after big oil. I mean, Exxon has a 7.6% profit margin and produces energy. Apple has a 29.6% profit margin and produces cell phones and tablets. It's obvious who we need to go after here to solve our revenue problem.

I say go after both of them. Mega-corporations profit handsomely off of the US and its infrastructure. They are apparently people too; let them pay taxes like people.
 
2012-05-02 04:56:47 PM
iaazathot: EWreckedSean: Remember kids, let's go after big oil. I mean, Exxon has a 7.6% profit margin and produces energy. Apple has a 29.6% profit margin and produces cell phones and tablets. It's obvious who we need to go after here to solve our revenue problem.

I say go after both of them. Mega-corporations profit handsomely off of the US and its infrastructure. They are apparently people too; let them pay taxes like people.


If they paid taxes like people most would very quickly be out of business. Most have a profit margin of under 10%, but if you taxed them on revenue like people, would have a tax rate of 35%. Not exactly a receipt to last very long.
 
2012-05-02 05:06:17 PM
'left wing corporation'.

Now THERE'S a phrase that'll drive a man to drink.
 
2012-05-02 05:37:11 PM
EWreckedSean: iaazathot: EWreckedSean: Remember kids, let's go after big oil. I mean, Exxon has a 7.6% profit margin and produces energy. Apple has a 29.6% profit margin and produces cell phones and tablets. It's obvious who we need to go after here to solve our revenue problem.

I say go after both of them. Mega-corporations profit handsomely off of the US and its infrastructure. They are apparently people too; let them pay taxes like people.

If they paid taxes like people most would very quickly be out of business. Most have a profit margin of under 10%, but if you taxed them on revenue like people, would have a tax rate of 35%. Not exactly a receipt to last very long.



Hooray for failed business models. We should let them pay 3% in taxes to make sure they never flounder.
 
2012-05-03 12:08:44 AM
Apple is doing what hundreds of other corporations do. For anyone to claim that thanks to Apple they just know figured out that huge corporations evade taxes they must either live in a cave or are just stupid.

ALL corporations should pay their fair share.
 
2012-05-03 12:09:24 AM
Uh, lose that extra k.
 
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