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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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4529 clicks; posted to Politics » on 02 May 2012 at 8:38 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



177 Comments   (+0 »)
   
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2012-05-02 08:29:02 AM  
Wow. That site has a hate on for apple like I haven't seen in a while.
 
2012-05-02 08:40:33 AM  
WE GET IT, THEY'RE HIPSTERS
 
2012-05-02 08:41:24 AM  
Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.
 
2012-05-02 08:41:38 AM  
Apple is left wing?
 
2012-05-02 08:42:22 AM  
Republicans are currently the leading assholes in America today.
 
2012-05-02 08:43:01 AM  
I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?
 
2012-05-02 08:45:21 AM  

Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.


No, not even close.
 
2012-05-02 08:45:25 AM  

Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.


That was a good guess, but no, it was actually a decent piece.

Apple, Google, Microsoft and many others have been playing this game for a long time. Good to see that people are starting to pay attention.
 
2012-05-02 08:46:09 AM  
how is apple a "left wing" corporation?
 
2012-05-02 08:46:14 AM  
Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.
 
2012-05-02 08:47:10 AM  
I hope Sen. Levin told Coburn "Sorry, but we're going to oppose everything any repub Senator proposes on principle. If you win control of the Senate in November better make sure you have 61 votes because in terms of filibuster threats, cloture votes and secret holds on legislation, you ain't seen nuthin' yet!"
 
2012-05-02 08:47:33 AM  

proteus_b: how is apple a "left wing" corporation?


You've not seen their iAbort app for the iphone?
 
2012-05-02 08:47:51 AM  
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.
 
2012-05-02 08:48:54 AM  
As much as I hate to agree with Tom Coburn he's right about corporations like Apple using their foreign subsidiaries to dump profits into in order to pay less in taxes.

The fact that they pioneered some of the tax dodging schemes and are now encouraging other American based multi-national corporations to do the same thing does make them a fair target.

Somehow I find it hard to believe that anyone on the GOP is ever gonna actually do anything about it but the discussion is certainly useful and timely.
 
2012-05-02 08:49:28 AM  
This is nothing that a few suitcases of cash won't solve.
 
2012-05-02 08:50:28 AM  
Hasn't Apple been audited in the past? Probably many times. Sounds like if they were doing something illegal it would have been found out long before now.
 
2012-05-02 08:51:39 AM  

karnal: Hasn't Apple been audited in the past? Probably many times. Sounds like if they were doing something illegal it would have been found out long before now.


Look up "loophole", moron. It doesn't mean "illegal".
 
2012-05-02 08:53:15 AM  

Bungles: Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.


That Apple pays foreign taxes on its foreign income has no real bearing on calculating it's effective tax rate in the US. Or on the discussion of whether it's a reasonable or sustainable amount for a multi-billion dollar company to pay.
 
2012-05-02 08:54:22 AM  

jules_siegel: Apple is left wing?


This

/F Apple
 
2012-05-02 08:55:26 AM  
If that traitor 0bama hadn't instituted all these tax breaks to benefit the corporations that dump millions into his campaign, the GOP wouldn't be complaining. I mean, really, 0bama gives them so much ammunition.

I blame Obama, the facist, socialist, nazi-loving enemy of the US.
 
2012-05-02 08:57:01 AM  

jules_siegel: Apple is left wing?

 
2012-05-02 08:57:49 AM  

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.


How many direct subsidies does apple receive? How much government money and land has gone into creating a supply chain for Apple?

And who's arguing apple shouldn't pay more in taxes? Probably not the people arguing ending oil subsidies and tax breaks.
 
2012-05-02 08:59:00 AM  

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.


As disingenuous as this post is, you do have a point. Apple could obviously lower its prices one everything significantly because their profit margin indicates their costs of business are really low relative to what they charge their customers.

However, the tax code itself does not target individual companies so you can't have a punitive "Apple Tax" because they were smart enough to construct some kind super image in customers minds to make them want to pay very premium prices for their products.

Here is another reason why that fails: People aren't talking about going after Exxon because its going to balance the budget, people are talking about ending oil subsidies because with the record profits they are pulling in they are no longer necessary. The question is, why In this budget environment are we propping up an industry through subsidies that is pulling in record breaking amounts of profits?

There is another element of hypocrisy as well in that a big argument used against alternative energy sometimes is that it would require lots of subsides for them to be adopted. Well, the amount of subsidies received by oil companies and traditional energy corporations far dwarfs the amounts received by their alternative brethren.

Also, Exxon as you identified produces energy. A significant part of their products is gasoline. Gas prices are one of the huge red button issues for many Americans. When gas prices are already considered very high by many and you tell them that on top of fleecing their wallet several times a month these same people are helped by the US government one should expect the potential for an emotional response.
 
2012-05-02 09:00:52 AM  

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.


Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.
 
2012-05-02 09:01:00 AM  
Wooly Bully

karnal: Hasn't Apple been audited in the past? Probably many times. Sounds like if they were doing something illegal it would have been found out long before now.

Look up "loophole", moron. It doesn't mean "illegal".



I didn't say it was illegal, Dim.....I said if it was illegal it would have come out long ago. Learn to read and comprehend.
 
2012-05-02 09:02:45 AM  

Deneb81: Bungles: Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.

That Apple pays foreign taxes on its foreign income has no real bearing on calculating it's effective tax rate in the US. Or on the discussion of whether it's a reasonable or sustainable amount for a multi-billion dollar company to pay.




It has every bearing, because we have a global marketplace where companies are free to headquarter specific slices of their organisations wherever they please.
 
2012-05-02 09:03:07 AM  
"Apple" is to "left wing" as "Saturn V rocket" is to "a house"
 
2012-05-02 09:03:44 AM  
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...
 
2012-05-02 09:05:09 AM  

jules_siegel: Apple is left wing?

 
2012-05-02 09:05:28 AM  

Bungles: Deneb81: Bungles: Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.

That Apple pays foreign taxes on its foreign income has no real bearing on calculating it's effective tax rate in the US. Or on the discussion of whether it's a reasonable or sustainable amount for a multi-billion dollar company to pay.



It has every bearing, because we have a global marketplace where companies are free to headquarter specific slices of their organisations wherever they please.


And that has zero to do on what their effective tax rate should be on domestic income and income used to produce/promote/import products for domestic sale.

If the money was made in the US it should be taxed in the US at a reasonable and sustainable level. What Cambodia charges for domestic sales is irrelevant to US tax discussions.
 
2012-05-02 09:06:07 AM  
Exxon's 2010 US taxes:

U.S. federal: -$156 million
U.S. state and local: $110 million

Total US taxes -$46 million
 
2012-05-02 09:06:48 AM  

Wooly Bully: Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.

That was a good guess, but no, it was actually a decent piece.

Apple, Google, Microsoft and many others have been playing this game for a long time. Good to see that people are starting to pay attention.


major pharma companies also play the same game with transfer pricing

its the sole reason for Ireland's relevance in the global economy at this point.
 
2012-05-02 09:07:24 AM  

Deneb81: 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.

How many direct subsidies does apple receive? How much government money and land has gone into creating a supply chain for Apple?

And who's arguing apple shouldn't pay more in taxes? Probably not the people arguing ending oil subsidies and tax breaks.


Sigh. There aren't oil subsidies. I wish people would stop using that term. They get tax breaks, the majority of which Apple gets as well. There are 4 main tax breaks that big oil gets. Domestic manufacturing tax deduction, Percentage depletion allowance, Foreign tax credit, and Intangible drilling costs. Of the four, the only one that is unique to drilling industries is the fourth one, which also happens to be the smallest of the four it gets. It equals up to about $750 million a year for the oil industry. Or enough to run the federal government for about 2 hours.

At the end of the day, Exxon's effective tax rate was 13%, compared to Apple's 9.8%. So if we are really calling tax breaks subsidies now, Apple is getting a hell of a lot more.
 
2012-05-02 09:07:47 AM  
Allow me to interpret into Congresscritterlese:

Dear Apple,

The protection money is a little light. CISPA? Thank you in advance for the campaign 'contribution'.

Hugs and Kisses,
Both Sides
 
2012-05-02 09:08:19 AM  

theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.


Except we don't go after Apple...
 
2012-05-02 09:09:05 AM  

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.


Why don't we go after both of them?
 
2012-05-02 09:10:40 AM  

EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...


How are we 'going after' the oil companies?
 
2012-05-02 09:11:26 AM  

theknuckler_33: EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...

How are we 'going after' the oil companies?


Oh.. and Link
 
2012-05-02 09:12:10 AM  

theknuckler_33: How are we 'going after' the oil companies?


You are arguing with a guy who, just yesterday, revealed to the world that he doesn't understand how progressive taxation works.
 
2012-05-02 09:12:49 AM  

EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...


Apple's products aren't, y'know, necessary for the country to keep functioning.
 
2012-05-02 09:13:35 AM  

proteus_b: how is apple a "left wing" corporation?


They recognize same-sex partners for spousal benefits. Plus, have you seen their logo?
kyleabaker.com
 
2012-05-02 09:15:01 AM  
"Twelve voices were shouting in anger, and they were all alike. No question, now, what had happened to the faces of the pigs. The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which."
 
2012-05-02 09:16:18 AM  

Jackson Herring: theknuckler_33: How are we 'going after' the oil companies?

You are arguing with a guy who, just yesterday, revealed to the world that he doesn't understand how progressive taxation works.


Oh, I know. It's kind of fun making them paint themselves into a corner. Kinda like a magnifying glass with ants thing.

/I never actually did that
//or did I?
 
2012-05-02 09:17:17 AM  

LordJiro: Apple's products aren't, y'know, necessary for the country to keep functioning.


ExxonMobile also had roughly five times the revenue of Apple last year
 
2012-05-02 09:17:55 AM  

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.


Last I checked, I don't purchase 540 iPods, iPhones or iPads a year. In fact, I'm pretty sure no individual does.

Profit Margin =/= Profit, you disingenuous twat.

/540 = approximate gallons of gas purchased annually by me
//One more time because I find it to be fun to think/say/type: disingenuous twat.
 
2012-05-02 09:18:03 AM  

Lost Thought 00: proteus_b: how is apple a "left wing" corporation?

They recognize same-sex partners for spousal benefits. Plus, have you seen their logo?
[kyleabaker.com image 50x50]


Not only that, but they have that leftie Al Gore on their board of directors.
 
2012-05-02 09:19:04 AM  

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.


Maybe you should take a refresher course on how taxes work before you start a discussion on taxes. Actually all Teapublicans should.
 
2012-05-02 09:20:36 AM  

eldritch2k4: //One more time because I find it to be fun to think/say/type: disingenuous twat.


Here's one for you: llama-felching shiat sorceror.
 
2012-05-02 09:20:53 AM  

Deneb81: Bungles: Deneb81: Bungles: Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.

That Apple pays foreign taxes on its foreign income has no real bearing on calculating it's effective tax rate in the US. Or on the discussion of whether it's a reasonable or sustainable amount for a multi-billion dollar company to pay.



It has every bearing, because we have a global marketplace where companies are free to headquarter specific slices of their organisations wherever they please.

And that has zero to do on what their effective tax rate should be on domestic income and income used to produce/promote/import products for domestic sale.

If the money was made in the US it should be taxed in the US at a reasonable and sustainable level. What Cambodia charges for domestic sales is irrelevant to US tax discussions.




That's just not how it works. If company X has itself headquatered in country A, where all decisions occur, and wholly owns a fulfilment company acting entirely dependently on those decisions in country B, than the vast bulk of the profits are actually generated in country A, and that's where the bulk of there profits subject to corporation tax.


This model is used by thousands of global companies. If that company structure is genuine and all decisions do genuinely occur in country A (which exactly the issue that "tax investigations" are focused on), how exactly would you fix it? Declare an entire company's profits be taxed in the US? Well, you've just lost claim to corpoation tax of hundreds of thousands of foreign owned companies operating in the US. You can't have it both ways.
 
2012-05-02 09:20:54 AM  
AiryAnne: ALL ANIMALS ARE EQUAL
BUT SOME ANIMALS ARE MORE EQUAL THAN OTHERS.
 
2012-05-02 09:21:57 AM  
It always amuses me when I see Republicans crying about corporations like Apple or GE. I guess all that shiat about "job creators" and what not goes right out the window if the company happens to support Democrats...
 
2012-05-02 09:24:01 AM  

bulldg4life: I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?


Ummm...hmmmm...Where do I start? Just in case you are not trolling. Ever heard of the Buffett rule? That has been proposed because even Warren Buffett thinks his taxes are too low.

In all fairness, Coburn is consistent. You won't find too many instances of him flip-flopping.
 
2012-05-02 09:25:48 AM  
Here's the problem... it's not that Apple is paying out at a rate that seems shockingly low. That can, and should, be considered a 'problem'.

It's that a Republican Congress Critter somehow thinks this is a 'bad' thing, one that has a habit for shooting off his mouth.

It's not a pick-and-choose kind of thing. One can't be horrified at the idea of impinging in any way upon the wonders of business... and then get one's granny-panties in a wad because a business is taking advantage of the perks one's own party has championed and implemented over the past 30 freaking years.

/Apple isn't left-wing, it's popular with young people
 
2012-05-02 09:26:46 AM  

theknuckler_33: EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...

How are we 'going after' the oil companies?


How many times a year to we here people in congress talk about oil subsidies and windfall taxes against the oil industry, which again, has a 7.6% profit margin versus Apple's 29%.
 
2012-05-02 09:26:49 AM  

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.


Let's remember that Apple produces a necessity while Exxon produces only luxury goods.

It must be expensive to have to see a proctologist every time you floss.
 
2012-05-02 09:28:29 AM  

Jackson Herring: eldritch2k4: //One more time because I find it to be fun to think/say/type: disingenuous twat.

Here's one for you: llama-felching shiat sorceror.


I do like shiat sorcerer. Alliteration and it just rolls off the tongue.

/eww...shiat sorcerer...rolls off the tongue...
 
2012-05-02 09:29:09 AM  
Because when I want tax justice, I turn to an Oklahoma Republican.
 
2012-05-02 09:30:25 AM  

Wicked Chinchilla: 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.

As disingenuous as this post is, you do have a point. Apple could obviously lower its prices one everything significantly because their profit margin indicates their costs of business are really low relative to what they charge their customers.

However, the tax code itself does not target individual companies so you can't have a punitive "Apple Tax" because they were smart enough to construct some kind super image in customers minds to make them want to pay very premium prices for their products.

Here is another reason why that fails: People aren't talking about going after Exxon because its going to balance the budget, people are talking about ending oil subsidies because with the record profits they are pulling in they are no longer necessary. The question is, why In this budget environment are we propping up an industry through subsidies that is pulling in record breaking amounts of profits?

There is another element of hypocrisy as well in that a big argument used against alternative energy sometimes is that it would require lots of subsides for them to be adopted. Well, the amount of subsidies received by oil companies and traditional energy corporations far dwarfs the amounts received by their alternative brethren.

Also, Exxon as you identified produces energy. A significant part of their products is gasoline. Gas prices are one of the huge red button issues for many Americans. When gas prices are already considered very high by many and you tell them that on top of fleecing their wallet several times a month these same people are helped by the US government one should expect the potential for an emotional response.


Again, they don't get subsidies. They get tax breaks. Exxon's tax effective tax rate: 13%. Apples: 9.8%. So tell me who are we really propping up? That aside, you say we can't target taxes, and yet how often is that exact idea floated around for a windfall tax on oil? As for record profits, they have a 7.6% profit margin. That's doesn't remotely put them at the head of the pack for large companies.
 
2012-05-02 09:31:03 AM  

jules_siegel: Apple is left wing?


Not sure if they're left wing, but their former CEO/co-founder was a pretty big farking liberal.
 
2012-05-02 09:31:27 AM  

LordJiro: EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...

Apple's products aren't, y'know, necessary for the country to keep functioning.


Your right, they aren't. So we should tax the hell out of a company that produces a necessary product and leave alone the one that produces luxuries? Where is the logic in that? I can do without my iPhone. I can't do without gas in my car.
 
2012-05-02 09:32:43 AM  

bgilmore5: Coburn is consistent. You won't find too many instances of him flip-flopping


He's a shill. His solution to some corporations paying an extremely low tax rate is to let all corporations pay an extremely low tax rate.
 
2012-05-02 09:33:05 AM  

eldritch2k4: 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.

Last I checked, I don't purchase 540 iPods, iPhones or iPads a year. In fact, I'm pretty sure no individual does.

Profit Margin =/= Profit, you disingenuous twat.

/540 = approximate gallons of gas purchased annually by me
//One more time because I find it to be fun to think/say/type: disingenuous twat.


Fine. Exxon's profits first quarter 2012 $9.5 billion. Apples profits same period. $11.6 billion. Feel better twat?
 
2012-05-02 09:33:30 AM  

Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.


Well, it was Tom Coburn who said he blames both parties (for not talking about the real problems) on Charlie Rose, but that's pretty far from what the actual article said.

Does it make you feel good to remain willfully ignorant by not clicking articles that you assume you won't agree with?
 
2012-05-02 09:33:30 AM  

Bungles: Apple doesn't have a 9.8% tax rate. It has a 9.8% tax rate *in the US*.

I despise Apple as much as anyone sane, but global companies have a tax web across the entire globe, and that has to be taken into account.

If you want to tax foreign companies when they operate in the US, you can't object to US companies having a portion of their tax burden elsewhere when they operate globally.


no, RTFA

Apple has an effective tax rate of 9.8% by funneling profits through branches located overseas where tax rates are significantly lower. Corporations do this all the time, and then lobby Congress for a "tax holiday" where they can funnel all those profits back into the US at a minimal or nonexistant tax rate under the guise of repatriating the money so they can create more American jobs, where "American jobs" of course means multi-million dollar bonuses for their top executives.

It's a disgusting practice that needs to end.
 
2012-05-02 09:33:33 AM  

EWreckedSean: How many times a year to we here people in congress talk about oil subsidies and windfall taxes against the oil industry, which again, has a 7.6% profit margin versus Apple's 29%.


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.

Profit margin is how much a company makes on a single unit of a given product. If it costs $1 to make something and they sell it for $1.25, that is a 25% profit margin.

If a company spends $1B and earns $1.25B, that is a 25% PROFIT. Not profit margin.

/Can I combine and call him a shiat-sorcering, disingenuous twat?
 
2012-05-02 09:34:10 AM  

CheatCommando: 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.

Let's remember that Apple produces a necessity while Exxon produces only luxury goods.

It must be expensive to have to see a proctologist every time you floss.


So you're argument is that we should tax necessities more than luxuries? Got it.
 
2012-05-02 09:35:37 AM  
bgilmore5

bulldg4life: I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?

Ummm...hmmmm...Where do I start? Just in case you are not trolling. Ever heard of the Buffett rule? That has been proposed because even Warren Buffett thinks his taxes are too low.In all fairness, Coburn is consistent. You won't find too many instances of him flip-flopping.



What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.
 
2012-05-02 09:36:50 AM  

EWreckedSean: Fine. Exxon's profits first quarter 2012 $9.5 billion. Apples profits same period. $11.6 billion. Feel better twat?


You are really good at making me rethink my opinions. For example, I came into this thread agreeing with you, but I'm leaving not so sure. That's fine work.
 
2012-05-02 09:37:46 AM  
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.
 
2012-05-02 09:38:35 AM  

EWreckedSean: Your right, they aren't. So we should tax the hell out of a company that produces a necessary product and leave alone the one that produces luxuries? Where is the logic in that? I can do without my iPhone. I can't do without gas in my car.


Have you been drinking the oil?? People are simply saying perhaps corporations making billions of dollars annually shouldn't have such tax loopholes. Same goes for subsidies.
 
2012-05-02 09:38:39 AM  

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'm not exactly sure why you're bringing up energy companies in the first place. Profit margin isn't exactly something to tout unless taxation is a set value rather than a proportional value. It could be a 1% profit margin, the same effective tax rate for business should be in play.
 
2012-05-02 09:39:14 AM  

EWreckedSean: theknuckler_33: EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...

How are we 'going after' the oil companies?

How many times a year to we here people in congress talk about oil subsidies and windfall taxes against the oil industry, which again, has a 7.6% profit margin versus Apple's 29%.


We have significantly different opinions of what "going after" means and yours is the retarded one.
 
2012-05-02 09:39:25 AM  

Happy Hours: Does it make you feel good to remain willfully ignorant by not clicking articles that you assume you won't agree with?


That's way too harsh. There was a troll headline linking to an article by "some guy", so it was a reasonable guess that this was just some sucky blog. The guess turned out to be wrong, but "willfully ignorant" has nothing to do with it.
 
2012-05-02 09:39:39 AM  

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.


Believe it or not, one person cannot solve the national debt crisis.
 
2012-05-02 09:40:43 AM  

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?
 
2012-05-02 09:41:48 AM  
I would love to see their take on the Starbucks and Trader Joes of the business world who believe benefits and fair pay are essential to any equitable model.
 
2012-05-02 09:41:58 AM  

theknuckler_33: EWreckedSean: theknuckler_33: EWreckedSean: theknuckler_33: 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.

Yea, it's an either/or situation.

Oh, and the oil companies aren't going to sleep with you.

Except we don't go after Apple...

How are we 'going after' the oil companies?

How many times a year to we here people in congress talk about oil subsidies and windfall taxes against the oil industry, which again, has a 7.6% profit margin versus Apple's 29%.

We have significantly different opinions of what "going after" means and yours is the retarded one.


So proposing windfall taxes on a specific industry isn't "going after" in your book. got it.
 
2012-05-02 09:43:31 AM  
As a left-winger...I'm OK with this.

This repatriation of assets crap has to stop. There's a term for it: money laundering. But like all big corps in the US..."it's OK if we do it."

On the other hand, I think we should make corporate taxes insanely low or nonexistent, and instead just tax the hell out of income, dividends, capital gains, and estate taxes. And close all the loopholes for doing shiat like deferring stock options, moving your money to tax havens, etc.
If the result is that rich people literally leave the country: I'm OK with this. Good riddance.
 
2012-05-02 09:44:10 AM  

karnal: bgilmore5

bulldg4life: I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?

Ummm...hmmmm...Where do I start? Just in case you are not trolling. Ever heard of the Buffett rule? That has been proposed because even Warren Buffett thinks his taxes are too low.In all fairness, Coburn is consistent. You won't find too many instances of him flip-flopping.


What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.


He said he if any of the republican members of congress put in extra dollars on his tax bill then he'd put in a matching amount. In McConnell's case he said he'd kick in 3 to 1. To my best knowledge only one or two of the patriotic congressmen took him up on his offer.
 
2012-05-02 09:46:38 AM  

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.


Last I checked, apple never took a giant shiat on everyone else who relied on the gulf of mexico to make their living.
 
2012-05-02 09:48:40 AM  
digistil


karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.

Believe it or not, one person cannot solve the national debt crisis.



I started off talking about Buffett but ended it with "they"....Politicians - all of them. Lead by example....but from the examples I see - cheating and lying is the American Way.
 
2012-05-02 09:50:54 AM  

karnal: Hasn't Apple been audited in the past? Probably many times. Sounds like if they were doing something illegal it would have been found out long before now.


Oil companies have also. The point is that the left looooooooooves attacking oil but ignores other more egregious examples like apple.
 
2012-05-02 09:52:35 AM  

Deneb81: 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.

How many direct subsidies does apple receive? How much government money and land has gone into creating a supply chain for Apple?

And who's arguing apple shouldn't pay more in taxes? Probably not the people arguing ending oil subsidies and tax breaks.


How many direct subsidies does big oil receive? The only true one is the transport protections. Most of the other crap are industry wide manufacturing tax breaks.
 
2012-05-02 09:53:07 AM  

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.


Warren Buffett has a challenge to congressional Republicans who mocked him last year for criticizing the tax code.

The billionaire investor says he'll match them dollar-for-dollar for every contribution they make to pay down the national debt.

"And I'll even go three for one for McConnell," he said in an interview with Time magazine, referencing Senate Republican Leader Mitch McConnell.

 
2012-05-02 09:54:18 AM  
FTFA Sen. Tom Coburn (R-Okla.) revealed in an interview on Morning Joe today that he was "livid" about the news that Apple had managed to pay a tax rate of just 9.8%.

Republican against low taxes for corporations? I guess Coburn drew the short straw and has to do the token outrage before the rest of the GOP shiats all over any recommendation which would actually fix that. I'm pretty sure we've heard that eliminating tax loopholes is kenyan anti-jesus communism about a trillion times now.
 
2012-05-02 09:55:06 AM  

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?
 
2012-05-02 09:55:18 AM  

Yakk: Exxon's 2010 US taxes:

U.S. federal: -$156 million
U.S. state and local: $110 million

Total US taxes -$46 million


Please learn what forwarding tax losses means and why using the 2010 year is utterly retarded. Using single year taxes for any company is retarded as their tax statements can include notes from multiple years.
 
2012-05-02 09:55:32 AM  

quatchi: As much as I hate to agree with Tom Coburn he's right about corporations like Apple using their foreign subsidiaries to dump profits into in order to pay less in taxes.

The fact that they pioneered some of the tax dodging schemes and are now encouraging other American based multi-national corporations to do the same thing does make them a fair target.

Somehow I find it hard to believe that anyone on the GOP is ever gonna actually do anything about it but the discussion is certainly useful and timely.


Well, it's legal. If the Senator has a problem with it, he should introduce a bill to change the law.
 
2012-05-02 09:56:57 AM  

Jackson Herring: LordJiro: Apple's products aren't, y'know, necessary for the country to keep functioning.

ExxonMobile also had roughly five times the revenue of Apple last year


We don't tax revenue. What the fark.
 
2012-05-02 09:58:44 AM  

Karac: 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.

Last I checked, apple never took a giant shiat on everyone else who relied on the gulf of mexico to make their living.


Last I checked Exxon didn't either. Of course Apple does take a giant shiat on their slave labor force. But they don't matter because their not white or American right?
 
2012-05-02 09:59:19 AM  
I know; let's investigate the people who make such stupid, porous tax laws for their buddies, then get mad when someone that doesn't give them much money takes advantage of them!
 
2012-05-02 10:00:45 AM  

MyRandomName: We don't tax revenue. What the fark.


personal income tax is exactly that. yes, there are some deductions, but most people save virtually nothing, and by that measure have made no profit. thus they shouldn't be taxed.
 
2012-05-02 10:01:01 AM  

EWreckedSean: Karac: 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.

Last I checked, apple never took a giant shiat on everyone else who relied on the gulf of mexico to make their living.

Last I checked Exxon didn't either. Of course Apple does take a giant shiat on their slave labor force. But they don't matter because their not white or American right?


Probably more like "They're in an entirely separate country so there's nothing we can do about it"...
 
2012-05-02 10:01:45 AM  

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April?


Oh, FFS.

Could you at least come up with some fresh derp that hasn't been discredited over a 1000 times on Fark already?

You're just mailing it in now.
 
2012-05-02 10:02:36 AM  

proteus_b: MyRandomName: We don't tax revenue. What the fark.

personal income tax is exactly that. yes, there are some deductions, but most people save virtually nothing, and by that measure have made no profit. thus they shouldn't be taxed.


So Corporations are people now?
 
2012-05-02 10:02:47 AM  

WhoIsNotInMyKitchen: 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.


That photo op of Sam Palmisano (IBM's CEO) with Obama in 2008 or 2009 made me want to literally vomit. I mean if you want to run against Obama, take that picture of Obama with Palmisano and put it up everywhere. (The Republicans can't do this of course because Romney's record is even worse.) This is a guy who's job #1 was offshoring, he's talking about growing American jobs and he's collecting tax breaks? For WHAT? WTF Obama? That picture really pissed me off, because you knew what Sam P was doing to IBM. Everyone knew it. Even now when I see a picture of Palmisano I glower. Talk about a guy who'd be first against the wall in my revolution.

To me, it really comes down to having a global minimum wage standard that all countries have to follow, even if that's $5 dollars a day in Africa. Which is frankly completely impossible and unenforceable. Dubai was basically built by slaves. How is the US going to compete with sh*t like that?

What it comes down to is that as we innovate, we automate. As we automate, we need less jobs. And in case you haven't noticed, the birth rate isn't going down. As we have less jobs we have more people? How is that sustainable?
 
2012-05-02 10:02:51 AM  

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.


Yes. It's obvious. ALL OF THEM, you tard.
 
2012-05-02 10:03:46 AM  

EWreckedSean: Of course Apple does take a giant shiat on their slave labor force. But they don't matter because their not white or American right?


You are now an advocate for minorities, fair wages and the environment? Got it.
 
2012-05-02 10:06:01 AM  

EWreckedSean: Karac: 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.

Last I checked, apple never took a giant shiat on everyone else who relied on the gulf of mexico to make their living.

Last I checked Exxon didn't either. Of course Apple does take a giant shiat on their slave labor force. But they don't matter because their not white or American right?


Sounds like the Apple workers need a good, strong union, doesn't it?
 
2012-05-02 10:09:04 AM  

Philip Francis Queeg: Sounds like the Apple workers need a good, strong union, doesn't it?


You'd think a bunch of so-called communists would have strong opinions about fair wages and equal pay. Until you realize that China is just as corrupt and capitalistic as the US.
 
2012-05-02 10:09:14 AM  

Philip Francis Queeg: EWreckedSean: Karac: 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.

Last I checked, apple never took a giant shiat on everyone else who relied on the gulf of mexico to make their living.

Last I checked Exxon didn't either. Of course Apple does take a giant shiat on their slave labor force. But they don't matter because their not white or American right?

Sounds like the Apple workers need a good, strong union, doesn't it?


An organization to advocate for the workers in disputes with management? What sort of communism is that?
 
2012-05-02 10:09:20 AM  
Philip Francis Queeg

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.

Warren Buffett has a challenge to congressional Republicans who mocked him last year for criticizing the tax code.

The billionaire investor says he'll match them dollar-for-dollar for every contribution they make to pay down the national debt.


"And I'll even go three for one for McConnell," he said in an interview with Time magazine, referencing Senate Republican Leader Mitch McConnell.



He's betting on Republicans and politicans in general of being cheap and selfish and not having to match anything. He should take the lead....write the IRS a nice big check "Here America - just trying to help out." His 'match them dollar for dollar' ploy is just politics....if he believed in what he was saying he would just do it.
 
2012-05-02 10:11:57 AM  

karnal: Philip Francis Queeg

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.

Warren Buffett has a challenge to congressional Republicans who mocked him last year for criticizing the tax code.

The billionaire investor says he'll match them dollar-for-dollar for every contribution they make to pay down the national debt.

"And I'll even go three for one for McConnell," he said in an interview with Time magazine, referencing Senate Republican Leader Mitch McConnell.


He's betting on Republicans and politicans in general of being cheap and selfish and not having to match anything. He should take the lead....write the IRS a nice big check "Here America - just trying to help out." His 'match them dollar for dollar' ploy is just politics....if he believed in what he was saying he would just do it.


If the Republicans cared about the deficit, they'd take him up on his offer. Shouldn't our elected leaders be taking the lead and showing that they are willing to personally sacrifice to bring down the deficit they complain about so much?
 
2012-05-02 10:14:58 AM  

karnal: He's betting on Republicans and politicans in general of being cheap and selfish and not having to match anything. He should take the lead....write the IRS a nice big check "Here America - just trying to help out." His 'match them dollar for dollar' ploy is just politics....if he believed in what he was saying he would just do it.


People who take aim at Warren Buffet for not doing the equivalent of donating money to the government really don't understand the issue. They hammer this into the ground over and over about him, the truth is that no rational person would give more taxes to the government on principle, and even if Warren did himself it would make absolutely no dent in the debt. He is advocating tax reform because he thinks everyone should pay a higher tax rate. I happen to think he also knows that as the debt goes up currency exchange rates and risk to the value of the dollar goes up, and fiscal responsibility with the deficit will be better in the long term for everyone, including himself, not to mention government stability being important. He's a very smart guy and people should listen to his ideas, not criticize him for not additionally paying what he thinks is a fair share.
 
2012-05-02 10:16:51 AM  
left-wing corporations

the fark?
 
2012-05-02 10:17:23 AM  

EWreckedSean: CheatCommando: 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.

Let's remember that Apple produces a necessity while Exxon produces only luxury goods.

It must be expensive to have to see a proctologist every time you floss.

So you're argument is that we should tax necessities more than luxuries? Got it.


1. shiat grammar: check.
2. Complete misunderstanding: check

I If you had an original thought once, it probably died of abject loneliness. It's either that, or that thinking causes you severe pain. I can't figure out which.
 
2012-05-02 10:18:19 AM  

karnal: bgilmore5

bulldg4life: I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?

Ummm...hmmmm...Where do I start? Just in case you are not trolling. Ever heard of the Buffett rule? That has been proposed because even Warren Buffett thinks his taxes are too low.In all fairness, Coburn is consistent. You won't find too many instances of him flip-flopping.


What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.


Read Stephen King's essay on the subject, then shut the fark up.
 
2012-05-02 10:18:22 AM  

bdub77: You'd think a bunch of so-called communists would have strong opinions about fair wages and equal pay. Until you realize that China is just as corrupt and capitalistic as the US.


msnbcmedia4.msn.com
Even their dissidents are blind. Secret diplomatic apology to follow soon.
 
2012-05-02 10:18:31 AM  

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.
 
2012-05-02 10:19:04 AM  
Philip Francis Queeg


karnal: Philip Francis Queeg

karnal: What's stopping Mr Buffett from writting the IRS an extra check come April? He can run his mouth all he wants but if he is paying too little taxes it is because of the "loopholes" his accountants are using.
They all can talk a mean game but their actions speak volumes.

Warren Buffett has a challenge to congressional Republicans who mocked him last year for criticizing the tax code.

The billionaire investor says he'll match them dollar-for-dollar for every contribution they make to pay down the national debt.

"And I'll even go three for one for McConnell," he said in an interview with Time magazine, referencing Senate Republican Leader Mitch McConnell.


He's betting on Republicans and politicans in general of being cheap and selfish and not having to match anything. He should take the lead....write the IRS a nice big check "Here America - just trying to help out." His 'match them dollar for dollar' ploy is just politics....if he believed in what he was saying he would just do it.

If the Republicans cared about the deficit, they'd take him up on his offer. Shouldn't our elected leaders be taking the lead and showing that they are willing to personally sacrifice to bring down the deficit they complain about so much?


I agree with you - but he shouldn't let selfish Republicans stop him from doing what is right, should he? What a cop out that would be.
 
2012-05-02 10:19:32 AM  

karnal: if he believed in what he was saying he would just do it.


He says there should be a higher tax rate for higher earners not that super rich people should donate to the government.
 
2012-05-02 10:20:33 AM  

CheatCommando: EWreckedSean: CheatCommando: 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.

Let's remember that Apple produces a necessity while Exxon produces only luxury goods.

It must be expensive to have to see a proctologist every time you floss.

So you're argument is that we should tax necessities more than luxuries? Got it.

1. shiat grammar: check.
2. Complete misunderstanding: check

I If you had an original thought once, it probably died of abject loneliness. It's either that, or that thinking causes you severe pain. I can't figure out which.


You can always tell when somebody has lost an argument when they have to resort to ad hominems and grammar comments instead of addressing the issue being discussed.
 
2012-05-02 10:28:04 AM  

EWreckedSean: You can always tell when somebody has lost an argument when they have to resort to ad hominems and grammar comments instead of addressing the issue being discussed.


sphotos.xx.fbcdn.net
 
2012-05-02 10:30:01 AM  

EWreckedSean: CheatCommando: EWreckedSean: CheatCommando: 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.

Let's remember that Apple produces a necessity while Exxon produces only luxury goods.

It must be expensive to have to see a proctologist every time you floss.

So you're argument is that we should tax necessities more than luxuries? Got it.

1. shiat grammar: check.
2. Complete misunderstanding: check

I If you had an original thought once, it probably died of abject loneliness. It's either that, or that thinking causes you severe pain. I can't figure out which.

You can always tell when somebody has lost an argument when they have to resort to ad hominems and grammar comments instead of addressing the issue being discussed.


When you act like a moron in a discussion and somebody calls you a moron in the discussion its relevant to the discussion and not an ad hominem attack.
 
2012-05-02 10:31:48 AM  

EWreckedSean: You can always tell...


You mean like bringing up oil companies?
 
2012-05-02 10:34:23 AM  
Wait, I thought the right wing believed we're taxing our poor corporate overlords into bankruptcy. Is that not the case?

So low tax rates are a problem when a perceived left leaning corporation pays, but not for instance when an oil company pays a low rate. And calls to raise the corporate rate are socialism.

/Apple, Google are not leftist
//anyone who thinks MS is anything other than a corporate predator doesn't know MS' history
 
2012-05-02 10:35:51 AM  
my.is

Crying about 'ad hominem' attacks after you call someone a 'twat' is special.
 
2012-05-02 10:38:21 AM  

Dahnkster: [my.is image 315x466]

Crying about 'ad hominem' attacks after you call someone a 'twat' is special.


I see irony is lost on you as well, shockingly...
 
2012-05-02 10:39:06 AM  
So clarify this for me...is Republican policy now?

Kill them all
or
Starve them until they die

direct or indirect?

/taking care of liberals, independents or anyone not Right enough is such a pain...
 
2012-05-02 10:41:05 AM  

MyRandomName: Yakk: Exxon's 2010 US taxes:

U.S. federal: -$156 million
U.S. state and local: $110 million

Total US taxes -$46 million

Please learn what forwarding tax losses means and why using the 2010 year is utterly retarded. Using single year taxes for any company is retarded as their tax statements can include notes from multiple years.


Please learn to pay attention to the thread, this was to demonstrate the selective outrage of a politician who is a shill for a particular industry.
 
2012-05-02 10:41:15 AM  

jules_siegel: Apple is left wing?

 
2012-05-02 10:43:47 AM  

bdub77: karnal: He's betting on Republicans and politicans in general of being cheap and selfish and not having to match anything. He should take the lead....write the IRS a nice big check "Here America - just trying to help out." His 'match them dollar for dollar' ploy is just politics....if he believed in what he was saying he would just do it.

People who take aim at Warren Buffet for not doing the equivalent of donating money to the government really don't understand the issue. They hammer this into the ground over and over about him, the truth is that no rational person would give more taxes to the government on principle, and even if Warren did himself it would make absolutely no dent in the debt. He is advocating tax reform because he thinks everyone should pay a higher tax rate. I happen to think he also knows that as the debt goes up currency exchange rates and risk to the value of the dollar goes up, and fiscal responsibility with the deficit will be better in the long term for everyone, including himself, not to mention government stability being important. He's a very smart guy and people should listen to his ideas, not criticize him for not additionally paying what he thinks is a fair share.


slight correction - WB thinks that people in his class should see higher taxes. Not everyone. He has mentioned that he thinks further tax cuts for lesser income levels is a good thing.
 
2012-05-02 10:44:05 AM  
This thread is dildos.
 
2012-05-02 10:45:35 AM  

EWreckedSean: see irony is lost on you as well, shockingly...


The term you are looking for is 'moronic' not 'ironic'. You were all over the place and had your ass handed to you...shockingly
 
2012-05-02 10:50:31 AM  

bdub77: I think we should make corporate taxes insanely low or nonexisten


I am for this provided that in return for this special tax consideration, these individuals in the eyes of the law voluntarily cede their supposed First Amendment rights as well.

Otherwise, tax corporate income exactly the same as you tax any other person making that income.
 
2012-05-02 10:50:34 AM  

thurstonxhowell: This thread is dildos.


Dildos all the way down.

As a complete aside I would just like to thank whoever is responsible for getting rid of the Mitt Romney "1 invisible dick" pic and replacing it with Sophia Vergara's "visible decolletage" pic.

Upgrades are good.
 
2012-05-02 10:54:01 AM  

Debeo Summa Credo: Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.

No, not even close.


Wooly Bully: Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.

That was a good guess, but no, it was actually a decent piece.

Apple, Google, Microsoft and many others have been playing this game for a long time. Good to see that people are starting to pay attention.




Good, I guess it's safe to RTFA without damaging brain cells.
 
2012-05-02 11:05:50 AM  

quatchi: As much as I hate to agree with Tom Coburn he's right about corporations like Apple using their foreign subsidiaries to dump profits into in order to pay less in taxes.

The fact that they pioneered some of the tax dodging schemes and are now encouraging other American based multi-national corporations to do the same thing does make them a fair target.

Somehow I find it hard to believe that anyone on the GOP is ever gonna actually do anything about it but the discussion is certainly useful and timely.


And here is the difference between liberals and conservatives.
Liberals will admit when their side does something bad. (I'm a liberal who hates apple with a passion)
Conservatives would jump off bridges if the President came out and said Don't jump off Bridges.
 
2012-05-02 11:06:18 AM  

ultraholland: "Apple" is to "left wing" as "Saturn V rocket" is to "a house"


3.bp.blogspot.com

And by the way, could those of you suggesting that Warren Buffet should donate to the federal government please explain to me what the fark that has to do with a discussion about optimal tax rates?
 
2012-05-02 11:08:14 AM  

Dahnkster: EWreckedSean: see irony is lost on you as well, shockingly...

The term you are looking for is 'moronic' not 'ironic'. You were all over the place and had your ass handed to you...shockingly


No I used the right term But you not getting it isn't shocking. At all.
 
2012-05-02 11:14:20 AM  

EWreckedSean: No I used the right term But you not getting it isn't shocking. At all.


All over the place.
 
2012-05-02 11:17:51 AM  
Is this the thread where I profess my love for Sofia Vergara's rack?
 
2012-05-02 11:18:00 AM  

bulldg4life: I heard Warren Buffett pays stupidly low taxes, too. How many rich libs does it take for them to get pissed at that?


So you are saying the Koch brothers are asking to have their taxes increased like he is? Oh wait, they aren't.

There is a little thing called hypocrisy.
 
2012-05-02 11:21:16 AM  

mainstreet62: Is this the thread where I profess my love for Sofia Vergara's rack?


i2.listal.com

si

/she's a natural blond
//often dyes it brown to appear more like a prototypical latina for roles
///true story
 
2012-05-02 11:22:52 AM  

Happy Hours: Lord_Baull: Not going to click the link, but it's probably safe to bet the essence of the article is:
Both sides are bad, so vote Republican.

Well, it was Tom Coburn who said he blames both parties (for not talking about the real problems) on Charlie Rose, but that's pretty far from what the actual article said.

Does it make you feel good to remain willfully ignorant by not clicking articles that you assume you won't agree with?




Willfully ignorant of derp, sure. I feel very, very good that I remain willfully ignorant of right-wing talking points. I did, however, read the article after it was posted my initial assertions were incorrect, so you get a big pat on the head, Sparky.
 
2012-05-02 11:25:18 AM  

Angry Drunk Bureaucrat: proteus_b: how is apple a "left wing" corporation?

You've not seen their iAbort app for the iphone?


Brilliant!!
 
2012-05-02 11:26:48 AM  
This is the same Tom Coburn who knew about David Vitter's whore hobby and John Ensign's staff schtupping, but wouldn't report it, claiming he acted as their "spiritual advisor" among their cult of pay-for-play evangelicals, right?

Yeah, screw him with a rusty railroad spike until his intestines spill out of his cornhole.
 
2012-05-02 11:27:23 AM  

EyeballKid: This is the same Tom Coburn who knew about David Vitter's whore hobby and John Ensign's staff schtupping, but wouldn't report it, claiming he acted as their "spiritual advisor" among their cult of pay-for-play evangelicals, right?

Yeah, screw him with a rusty railroad spike until his intestines spill out of his cornhole.


so... you don't think Apple should pay more taxes?
 
2012-05-02 11:29:00 AM  
cache.gawkerassets.com

Only a left-wing device would have a vibrating pleasure app. Dildos indeed.
 
2012-05-02 11:30:32 AM  

skullkrusher: EyeballKid: This is the same Tom Coburn who knew about David Vitter's whore hobby and John Ensign's staff schtupping, but wouldn't report it, claiming he acted as their "spiritual advisor" among their cult of pay-for-play evangelicals, right?

Yeah, screw him with a rusty railroad spike until his intestines spill out of his cornhole.

so... you don't think Apple should pay more taxes?


They should pay their fair share, just like all corporations should. But I won't listen to a word that Tom Coburn says unless he's talking as a result of being subpoenaed. He willfully withheld information of his buddies' wrongdoings. He's a disingenuous criminal POS, and the people who vote for him should feel ashamed.
 
2012-05-02 11:30:48 AM  
Apple is a "left-wing" company ?
 
2012-05-02 11:33:38 AM  

mainstreet62: Is this the thread where I profess my love for Sofia Vergara's rack?



Any thread is appropriate.
 
2012-05-02 11:34:00 AM  

Somacandra: Apple is a "left-wing" company ?


Well, yeah. They're a tech firm, and young people buy their products. That makes them "left wing", right?
 
2012-05-02 11:35:47 AM  

HeartBurnKid: Somacandra: Apple is a "left-wing" company ?

Well, yeah. They're a tech firm, and young people buy their products. That makes them "left wing", right?


Or, more likely in this case, they don't give enough to Sen. Tom Coburn's re-election campaign.
 
2012-05-02 11:40:55 AM  

Somacandra: Apple is a "left-wing" company ?


Well, it ain't a right wing company, you can't get their shiat at Walmart.
 
2012-05-02 11:42:52 AM  

mainstreet62: Somacandra: Apple is a "left-wing" company ?

Well, it ain't a right wing company, you can't get their shiat at Walmart.


Actually, you can, but that's the bottle of fine wine Walmart shoppers simply can't afford.
 
2012-05-02 11:47:47 AM  

mainstreet62: Well, it ain't a right wing company, you can't get their shiat at Walmart.


Unless you have money. Then you can totally get their shiat at Walmart.
 
2012-05-02 11:50:33 AM  

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 tariffs. Complete unrestricted trade will inevitably take you to the lowest common denominator for everyone but the people at the top.
 
2012-05-02 11:55:21 AM  
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.

No small wonder why they hated Clinton for years and they hate Obama now for the Bin Laden ad.
 
2012-05-02 11:57:31 AM  

skullkrusher: mainstreet62: Is this the thread where I profess my love for Sofia Vergara's rack?

[i2.listal.com image 480x429]

si

/she's a natural blond
//often dyes it brown to appear more like a prototypical latina for roles
///true story


Seriously, she should stay blonde. QUIERO~!
 
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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