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(Talking Points Memo)   Apple is so hip, they've been making up Irish-American corporations that reside in both countries yet pay taxes in neither. That's like...whoa, man. My mind just got blown by your bodacious use of tax loopholes   (talkingpointsmemo.com) divider line 380
    More: Asinine, Apple Inc., United States, u.s. income tax, share buyback, income taxes  
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7660 clicks; posted to Business » on 21 May 2013 at 10:05 AM (47 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-21 08:53:17 PM

Phinn: What is the source of money to repay these bonds? Taxes.

The people who wanted the stadium are forcing everyone else to pay for it.

The fiction of voting doesn't change the fact that people are paying for that stadium at the point of a gun.

The people who support banning guns always seem to be the same people who get a hard-on for using guns to force others to pay for their preferred crap. They don't hate guns, as long as they're the State's guns.


Sorry, can't blame "The Gubment" for this one.   This wasn't Washigton, it wasn't even Austin, it was as local as local gets.   I thought that's what "small govenrment" was all about?   There's no "fiction" here, only fact.    The local community decided they wanted to pool their money together to pay for a $50 million for a football stadium.

Got to hand it to Texans.  They hate to  pay money to educate or heal brown skin people, but they never pass up an opportunity to spend money blowing them up, imprisoning them or watching them run around with a ball for their entertainment.
 
2013-05-21 09:06:05 PM

Phinn: What is the source of money to repay these bonds? Taxes.

The people who wanted the stadium are forcing everyone else to pay for it.

The fiction of voting doesn't change the fact that people are paying for that stadium at the point of a gun.


No one is forcing you to by the point of the gun to live in a community where $50 million for a high school football stadium seems like a good use of local resources.   You can live anywhere else in the country as an American citizen if you don't like it.   There's no shortage of areas in the country where it would seem pants on the head retarded to spend $50 million on a high school stadium, and it's called "Anywhere but Texas."     Keeping all government local has consequences when everyone around you is a retard.
 
2013-05-21 09:07:40 PM

Pappy091: Most of your points revolve around the common misconception that there is a finite amount of wealth in the country that is being hoarded to a greater and greater extent by the wealthy. These people aren't burying gold in their back yards. They are invested in the economy. Their wealth is measure by and large by their assets, not cash.


The economy has enough investment capital to employ everyone, in fact there is too much of it because the richest 0.01% have accumulated far too much income/assets. This is why all the asset bubbles keep growing so large and it just keeps coming - because there is nowhere productive for that excess investment capital to go, so it just ends up overpricing some class of asset for a while, and then once the bubble is too large it bursts and the money flows elsewhere. There is no such thing as a supply based economy - it is demand based. People don't create businesses to make stuff unless someone wants to buy it. People don't buy stuff if they don't have the money/income to do so. When money goes to the rich a large portion of it gets split off into the investment side of the economy, when if it went to the poor or middle class it would mostly go into creating demand for goods and services. Setting up the economy so the rich get a disproportionate amount of it means that economic growth is more and more fragile, and more and more anemic as time goes on.

By the way, it sounds like you own a company with a moderate handful of people at most, so unless your company is in a ridiculously profitable industry, that puts you somewhere in the middle class at most, so you are likely about half as well off as you would be if the economy was more equitable. The reason most people can't really get a handle on how screwed up the US economy is, is because they just have no clue how far it has been skewed in favor of the ultra rich - there was a good video with some graphs to try and give people a handle on it linked a while back:

https://www.youtube.com/watch?feature=player_embedded&v=QPKKQnijnsM
 
2013-05-21 09:28:35 PM

Sergeant Grumbles: dchurch0: I just recently started following this dude, but in the last two months I have made some drastic changes by following his advice which makes my future look much brighter. It's not easy, but it's necessary.

I really hate that kind of drek. It's like listening to Dave Ramsey. The people whose problems can be solved by these solutions don't really have problems, they're just bad with the money they already have.
It does jack shiat for the people who don't have money and the "work harder" platitudes are getting tiresome as the evidence piles up that it is unlikely to improve your lot. It's especially galling to hear repeatedly that the solution to financial woes is to invest, invest, INVEST all this money we supposedly have that's just lying around.

From Mr. Mustache: if you can save 50% of your take-home pay starting at age 20, you'll be wealthy enough to retire by age 37. If you already have some assets now, you're even closer than that. If you can save 75%, If you can save 75%, you working career is only 7 years.
So remember my freaky magician story up in the first paragraph? There was not really any magic - I just saved about 66% of my pay without really noticing it

I didn't realize I was going to be reading a fantasy blog.


I completely agree with you, so please don't take my post as demeaning. It was not meant to be so. This guy posts on his blog numerous times that he is not out to tell people living paycheck to paycheck how to get rich or how to beat the system. He is purely focused on the middle class earners who are handling their finances poorly and committing themselves to years of soul-sucking work for no reason.

For the person living paycheck to paycheck, I don't really have an answer. I hate Dave Ramsey. He's too damned religious for me, so I never really listened to him.

Personally, I grew up in a trailer home in Iowa. My mom was disabled when I was 8. She was a nurse and got hurt helping an obese patient that rolled out of bed and crushed her. Once she was unable to work, we survived on my father's income. He was a mechanic making about 30K a year, and supporting a family of four.

I went to college (worked 40 hours a week to pay for it while living at home), and then got a job in IT. Since getting out of college and starting my professional career, I've been fairly successful, and extremely lucky to work for small companies that value their personnel. About three years ago I moved to a small town in the panhandle of Nebraska where I make about 2.5X the median income of the town I now call home. I have more than enough money to invest and save, but I realize that the majority of people don't have the ability to even consider those choices, let alone make them.

So, long story short, I'm lucky. I apologize if I came across as a snob. I guess I just feel like if I can make it based on where my life started, anyone can with a little bit of planning and focus.
 
2013-05-21 10:09:11 PM

dchurch0: I went to college (worked 40 hours a week to pay for it while living at home), and then got a job in IT. Since getting out of college and starting my professional career, I've been fairly successful, and extremely lucky to work for small companies that value their personnel. About three years ago I moved to a small town in the panhandle of Nebraska where I make about 2.5X the median income of the town I now call home. I have more than enough money to invest and save, but I realize that the majority of people don't have the ability to even consider those choices, let alone make them.So, long story short, I'm lucky. I apologize if I came across as a snob. I guess I just feel like if I can make it based on where my life started, anyone can with a little bit of planning and focus.


Maybe anyone can make it to a middle class level of vague economic security if they are careful, but everyone can't. Which is why you need to tax companies like Apple and the richest 1% or so (because between them they have a large chunk of the wealth and income, so it is a waste of time worrying about what you are taxing small companies or the middle class, or even the moderately rich) to ensure the people that end up at the bottom one way or another don't get farked by their lack of bargaining power in the economy. The ultimate end game of any free market capitalist system is for those without any skills that are scarce enough to push the wages up beyond the bare minimum will be paid exactly the amount to subsist on and no more, absent unions to act as a counterweight to the capitalists large market influence, or government intervention (such as minimum wage laws, or unemployment insurance/payments). Of course that is just enough to subsist on when nothing bad happens, because a company is going to pay enough to ensure the employee can build up a contingency fund for future emergencies, or pay for insurance against bad times, given there is some other unemployed guy that is otherwise homeless willing to take the risk he won't get sick and thus undercut the current employee that wants health insurance or whatever.
 
2013-05-21 10:27:11 PM

dchurch0: So, long story short, I'm lucky. I apologize if I came across as a snob. I guess I just feel like if I can make it based on where my life started, anyone can with a little bit of planning and focus.


I apologize as well for assuming the worst. It's an unfortunate knee-jerk when I see the likes of "earn more than you spend" and "stop going out to eat" that gets bandied about.
The disconnect just seems to be kind of disconcerting even if Mr. Mustache isn't selling get rich quick schemes.

Dave Ramsey is always on when I go to dinner, so I end up listening rather than having to punch the radio because Taylor Swift seems to be on every other station. The Christian thing is bothersome, but I seem to hear a lot of situations like "I own my own home and two rental properties. I am $120,000K in student loan debt and don't think I can afford my payments. Should I sell one of my rentals to pay for it?" followed by "Stop going to Starbucks every time you go outside and live debt free!"
It's like they have no idea...
It's like when Mitt Romney said he hit hard times when he had to sell stock to afford college.
And then they tell people to work hard, move to where the jobs are, start your own business, retire like a king, etc, like the only thing stopping them is restaurant bills and an underutilized stock portfolio. The problem isn't even understood.

Bah, sorry. Twitchy after reading through a thread full of bootstrappers.
 
2013-05-21 10:49:57 PM

Sergeant Grumbles: dchurch0: So, long story short, I'm lucky. I apologize if I came across as a snob. I guess I just feel like if I can make it based on where my life started, anyone can with a little bit of planning and focus.

I apologize as well for assuming the worst. It's an unfortunate knee-jerk when I see the likes of "earn more than you spend" and "stop going out to eat" that gets bandied about.
The disconnect just seems to be kind of disconcerting even if Mr. Mustache isn't selling get rich quick schemes.

Dave Ramsey is always on when I go to dinner, so I end up listening rather than having to punch the radio because Taylor Swift seems to be on every other station. The Christian thing is bothersome, but I seem to hear a lot of situations like "I own my own home and two rental properties. I am $120,000K in student loan debt and don't think I can afford my payments. Should I sell one of my rentals to pay for it?" followed by "Stop going to Starbucks every time you go outside and live debt free!"
It's like they have no idea...
It's like when Mitt Romney said he hit hard times when he had to sell stock to afford college.
And then they tell people to work hard, move to where the jobs are, start your own business, retire like a king, etc, like the only thing stopping them is restaurant bills and an underutilized stock portfolio. The problem isn't even understood.

Bah, sorry. Twitchy after reading through a thread full of bootstrappers.


Dude... no worries. Life sucks, and I understand. I was just throwing out a link to a blogger who espouses frugal living and good life choices in the hopes that someone will read it and find a way to save a few bucks. I don't think it will work for everyone.

A lot of people have messed up priorities. I should know, cuz I was one of them in my 20's. Now that I'm in my 30's and starting to realize that having a nice car and a fancy place to live are relatively meaningless in the grand scheme of things, my life is starting to improve. I could give a shiat less about the people around me. The important thing is myself. I know that sounds selfish, but if I don't look out for myself, who will?

You have nothing to apologize for. I have been in your shoes and understand wholeheartedly where you are coming from.

As for Apple, I agree with a lot of posters in this thread. They didn't break any laws, so I can't really be mad at them. My congressman and representatives, though, I will be more than happy to be furious with them.

I hope you have a good night.
 
2013-05-21 11:03:17 PM

Sergeant Grumbles: dchurch0: So, long story short, I'm lucky. I apologize if I came across as a snob. I guess I just feel like if I can make it based on where my life started, anyone can with a little bit of planning and focus.

I apologize as well for assuming the worst. It's an unfortunate knee-jerk when I see the likes of "earn more than you spend" and "stop going out to eat" that gets bandied about.
The disconnect just seems to be kind of disconcerting even if Mr. Mustache isn't selling get rich quick schemes.

Dave Ramsey is always on when I go to dinner, so I end up listening rather than having to punch the radio because Taylor Swift seems to be on every other station. The Christian thing is bothersome, but I seem to hear a lot of situations like "I own my own home and two rental properties. I am $120,000K in student loan debt and don't think I can afford my payments. Should I sell one of my rentals to pay for it?" followed by "Stop going to Starbucks every time you go outside and live debt free!"
It's like they have no idea...
It's like when Mitt Romney said he hit hard times when he had to sell stock to afford college.
And then they tell people to work hard, move to where the jobs are, start your own business, retire like a king, etc, like the only thing stopping them is restaurant bills and an underutilized stock portfolio. The problem isn't even understood.

Bah, sorry. Twitchy after reading through a thread full of bootstrappers.


Yea, I read some of Mr. Mustache and just wondered how some people could do the save 50-75% of their income.  I started out making 35k when I hit the workforce, which worked out to roughly 2200-2400 a month.  I couldn't think of a way to only live on 1000 seeing how I had small student loans, was no where near family (so I had to rent), furnish the apartment (basic stuff like washer/dryer, fridge etc.) car payment, rural area, food etc.  Some people may be able to accomplish what he mentions, but they would be the exception.

As far as those people who are living paycheck-to-paycheck and seem to have no plan or way to build up wealth, I really don't know what to say other than "life sucks, here's a beer".  Those folks, cutting out starbucks, selling stocks, etc, are not options so might as well make the best of a shiatty life is all I can think.

or the platitude "enjoy the little things"
 
2013-05-21 11:37:01 PM

dbirchall: sethstorm: Sofakinbd: Here are a few salient points:
1) Apple pays taxes on all profits is makes in each country in which it makes those profits. German profits are paid to Germany; Japan profits are paid to Japan; US profits are paid to the US; etc.

False. It is avoiding it for every one of those countries.

[citation needed]


The article's documentation of the company's tax structuring is the proof.

(As for an ironic coincidence, Ireland's people outside the finance sector aren't doing too hot either.)
 
2013-05-21 11:40:47 PM

InmanRoshi: Got to hand it to Texans. They hate to pay money to educate or heal brown skin people, but they never pass up an opportunity to spend money blowing them up, imprisoning them or watching them run around with a ball for their entertainment.


Yet Texas's rejection of SB1070-like laws - for the dubious purpose of "business friendliness" - also says that they won't pass up an opportunity to use them as leverage against the Texans that are legally there and/or have full citizenship.

/Why yes, I do support SB1070
//Shame it can't be made a federal law.
 
2013-05-22 12:08:20 AM
rape everything.

fark it and kill it.

why give when you can take?

that's American, baby.
 
2013-05-22 12:10:31 AM

InmanRoshi: Sorry, can't blame "The Gubment" for this one. This wasn't Washigton, it wasn't even Austin, it was as local as local gets. I thought that's what "small govenrment" was all about? There's no "fiction" here, only fact. The local community decided they wanted to pool their money together to pay for a $50 million for a football stadium.

The "local community" doesn't decide anything.  It doesn't even exist.  It's only an abstraction.  Only individuals can decide anything.  If "they" wanted to pool "their" money, then they would have pooled their money.

But instead, what they actually did, and which you refuse to even acknowledge (because it's nauseatingly unethical), is that they didn't merely pool their money; they decided to forcibly take money from their neighbors to pay for something the stadium promoters wanted.

Do you honestly think that taking a vote authorizes a group of people to do whatever they want with other people's money?  It's a meaningless ritual, and it doens't cleanse unethical acts and magically make them ethical.  What's next? Are you're going to tell me that there's some magical incantation that makes murder ok too?  You think that the ritual where some number of people who live inside some arbitrary boundary fill in a bubble with the word "YES" next to it on a piece of ballot paper means they can take whatever they want from anyone?  I could have a very fancy piece of paper created that says that I am legally permitted to take everything you own, and kill you if you try to stop me.

What possible ethical difference does it make that this crime was committed by local gangsters instead of the national ones?  Is a crime less of a crime because ten people commit it instead of one?  How many people, exactly, have to commit a crime before you don't consider it to be a crime anymore?  80?  8,000?  A million?  I don't care if it's only me and two other guys -- that's as "local" as it gets.  Whoever puts his hands on another person's money is scum.

The people who tolerate this behavior, or even promote and defend it, are scum, too.


InmanRoshi: No one is forcing you to by the point of the gun to live in a community where $50 million for a high school football stadium seems like a good use of local resources. You can live anywhere else in the country as an American citizen if you don't like it. There's no shortage of areas in the country where it would seem pants on the head retarded to spend $50 million on a high school stadium, and it's called "Anywhere but Texas." Keeping all government local has consequences when everyone around you is a retard.



Look at the ethical gymnastics you feel the need to engage in to justify taking other people's money!   "The local community decided!"  "You consented by living there!"

For a minute, try to sweep away all the fictions and legalisms and infinite layers of bullshiat that you've been exposed to your whole life, and try to see the plain, literal reality of the way this stadium gets paid for -- the people promoting it have declaring that everyone inside some arbitrary region are going to pay for it, whether they want to or not.  If they resist payment, men with guns will come and take it.  If they resist those men, shots will be fired.

Why do you even bother with all of the mental effort needed to contort yourself into justifying this?  We both know that the question of the legitimacy of this kind of "bond measure" rests on nothing that's even in the realm of ethics!  It is a matter of raw power.  If I scratch the surface of your pitiful little attempt at rationalizing the patent immorality of forcing others to pay for stadiums, you and I both know what we're going to find -- you believe they can because they have more guns on their side.  You don't genuinely care about ethics.  You care about power.  Stop wasting your time and everyone else's by pretending that you are an ethical person.
 
2013-05-22 12:48:21 AM

Phinn: Stop wasting your time and everyone else's by pretending that you are an ethical person.


Stop wasting everyone's time and go live by yourself in the wilderness. You're clearly not cut out for this civilization thing.
 
2013-05-22 02:33:54 AM

Pappy091: Walker: This just in (please sit down): Corporations and rich people find ways to avoid paying taxes, while the little people get audited, fined, and basically get the shaft.

/more at 11


Yay!...more income envy.

This just in, rich people pay FAR more in taxes (both percentage-wise and gross) than you could even imagine.

Why do people think that raising taxes is going to fix a rising multi-trillion dollar deficit. Raising taxes is a drop in the bucket compared to what we need to do to get out of this hole.


Hurrrrr...

The deficit is falling, dumbass, and your statement about what the wealthy pay is BS, particularly the percentage wise comment.  How do maths work?  Oh, and the rich people still aren't going to sleep with you.
 
2013-05-22 05:05:29 AM
Steve Jobs would never put license plates on his cars.  He'd rather trade them in within the first two months for a new one rather than pay a cent in taxes for the plates.

That says something.
 
2013-05-22 06:43:18 AM

theorellior: Pappy091: This just in, rich people pay FAR more in taxes (both percentage-wise and gross) than you could even imagine.

Bullshiat. GTFO, you watercarrying shill.


Actually pappy is partially correct, but he cuts wouldn't be liked. Ending the production of unneeded combat / support vehicles isn't very popular with defense contractors or the congresscritters they own.
 
2013-05-22 07:53:18 AM

Sergeant Grumbles: Phinn: Stop wasting your time and everyone else's by pretending that you are an ethical person.

Stop wasting everyone's time and go live by yourself in the wilderness. You're clearly not cut out for this civilization thing.


You've managed to put your finger on one of the government's most effective lies -- that what it does is civilization; and that voluntary, peaceful cooperation through trade is somehow equivalent to living in isolation and solitude.

It's a complete doublespeak perversion of reality. The State is violence that drives people apart, and the market is one of several ways in which people connect to others and rely on each other.
 
2013-05-22 08:34:44 AM
Pappy091:

Well, I am in generally in a higher tax bracket and I can promise you that I pay much higher taxes than my employees do. While they generally get a few thousand back every year, I have to make significant quarterly payments to Uncle Sam with no return at tax time.

Holy shiat that statement is ignorant in the ways of finance.
 
2013-05-22 08:43:13 AM

Sergeant Grumbles: I really hate that kind of drek. It's like listening to Dave Ramsey. The people whose problems can be solved by these solutions don't really have problems, they're just bad with the money they already have.
It does jack shiat for the people who don't have money and the "work harder" platitudes are getting tiresome as the evidence piles up that it is unlikely to improve your lot. It's especially galling to hear repeatedly that the solution to financial woes is to invest, invest, INVEST all this money we supposedly have that's just lying around.


Some people, yes they have no money.  They go through life for 40 years and acquire no job or currency whatsoever.

Some people however, do get jobs and many of them call the show asking Dave what they are doing wrong.  You get all types: the attorney who makes $155k/yr who is completely broke and the Army Wife who heads a household making $32,000/yr with a paid off house, 2 cars and the kids playing sports.  Often the people who have a job but never seem to have money engage in behavior that doesn't beget a lifestyle of financial responsibility - gambling, obsessive TV/movie/gadget worship, substance.

Sergeant Grumbles: but I seem to hear a lot of situations like "I own my own home and two rental properties. I am $120,000K in student loan debt and don't think I can afford my payments. Should I sell one of my rentals to pay for it?" followed by "Stop going to Starbucks every time you go outside and live debt free!


No you dont.  You're making up lies to tear down a person who supports a way of living that is antithetical to your worldview.

What you're more likely to hear is someone say, "I have $5,000 in credit card debt and $7k in the bank. What should i do?"
"If you had zero credit card debt, would you take out a $5,000 cash advance to augment the $2k you already had?"
"Uhh, that sounds kinda dumb"
"Well thats exactly what you're doing"

So in that instance, such advice can help people.  We've been trained as a society to love credit and debt.  As a personal point, I know a few people who are worth $1M+ and neither of them got there by borrowing at 5% to try to beat the market at 7% or putting everything they can on an airline miles credit card
 
2013-05-22 09:07:48 AM

dchurch0: Dude... no worries. Life sucks, and I understand. I was just throwing out a link to a blogger who espouses frugal living and good life choices in the hopes that someone will read it and find a way to save a few bucks. I don't think it will work for everyone.


Of course if it worked for everyone the economy would collapse due to lack of demand for goods and virtually everyone would be unemployed. Obvious an individual or small groups decision to reduce their demand doesn't really have much impact on an economy, so it isn't particularly important whether a single individual/family follows such a plan or not, but it would be problematic if scaled up to a large fraction of a population.

This is why government social security, nationalized health insurance, unemployment insurance, and such are important in keeping an economy stable in an era when so few people are producing necessities and thus 90% or more of the economy could be shut down and everyone could in theory still have enough to eat, homes to live in and so on, to avoid the economy spiraling downwards every time there is a recession it is necessary for people to feel reasonably secure. Of course this conflicts with both the need to incentivize people to work and the issue of wage-push inflation that can happen if people are too secure in their finances.
 
2013-05-22 09:19:26 AM

Source4leko: Pappy091: Dusk-You-n-Me: Pappy091: Like I said in a previous post. A lot of people operate under the assumption of a finite amount of wealth. "If a rich person has $100 dollars, that's $100 that the rest of us don't have". It's just not true.

That wasn't my post. But it is true that our economy is 70% reliant on consumer spending. While corporate profits are at historic highs, wages are at historic lows. The middle class does not have any money to spend on things beyond necessities. As a result aggregate demand is suffering. So companies aren't hiring. So wages suffer even more. And on and on we go, down the spiral towards the bottom.

I believe it is a false belief that the middle class is suffering. Saying that they only have money to spend on necessities is just laughable in my opinion. Unless we have gotten to a point in our country where 52" flat screens and 2200 sq ft houses are "necessary".

http://articles.washingtonpost.com/2012-08-03/opinions/35491334_1_mi dd le-class-median-household-income-income-gains

FTA: "Wage levels in the middle and below have barely budged since the 1970s because of a barrage of shifts in our economy and economic institutions - from globalization and technological advances to the decline of unions and new corporate practices that emphasize value for shareholders. Most of the increase that did happen in middle-class incomes was not because of rising wages but because households added a second earner. "



www.myfacewhen.net
 
2013-05-22 09:30:18 AM

Phinn: kimmygibblershomework: It is almost like that giant talking vagina, Jobs, is still alive.  If all goes as he planned we will indeed be building phones for the Chinese in 3 years.  Just the kind of Dickensian jerb push we need :)
This is not about greed, but insufferable greed.  "Put lead back into clean drinking water and then charge people for clean water" kinda greed that makes me kinda stabby.

What kind of organizations run the water supplies?



Or the air?
 
2013-05-22 10:11:02 AM
Replace "Apple" with the "1%" and I have a feeling this board would be singing a very different tune iHypocrites
 
2013-05-22 11:08:31 AM
So a corporation ,in this case Apple, builds a product outside the US.  Then it sell that product outside the US earning a profit outside the US.  It then decides not to bring that profit back to the US so as to avoid paying taxes to the US.

Please explain how this is a 'loophole'.
 
2013-05-22 12:17:07 PM

Source4leko: FTA: "Wage levels in the middle and below have barely budged since the 1970s because of a barrage of shifts in our economy and economic institutions - from globalization and technological advances to the decline of unions and new corporate practices that emphasize value for shareholders. Most of the increase that did happen in middle-class incomes was not because of rising wages but because households added a second earner.


I refuse to accept any article on wage earnings that doesn't account for the 1980's amnesty and the current levels of undocumented/low wage workers that flood the labor market.  A better metric would not be to look at a hard-to-define "Middle class" but look at what purchasing power the average 35 year old high school graduate has today versus 40 years ago.  Maybe analyze how many 1975 dollars a high school kid making minimum wage would earn in a summer in 2013 and what he could buy with that today versus 1975

The "middle class" as it relates to wage-earning could be a Georgetown law grad at his first real job earning the same as a career 30-year train mechanic who has a high school education.
 
2013-05-22 01:15:18 PM

pdee: So a corporation ,in this case Apple, builds a product outside the US. Then it sell that product outside the US earning a profit outside the US. It then decides not to bring that profit back to the US so as to avoid paying taxes to the US.

Please explain how this is a 'loophole'.


Another Farker already explained this:

caddisfly: You need to do more research. Apple is transferring US assets to the Irish shell so that the income from those assets isn't taxed as it would be absent the straw-man transfer. It's "made overseas" only because Apple first transfers the assets overseas- to itself by another name. I pay 40%, Apple pays .06%. Read this: http://techcrunch.com/2013/05/21/3-mindbending-ways-apple-dodged-13-8 b -in-taxes/


The NYT covered this as well:
http://www.nytimes.com/interactive/2012/04/28/business/Double-Irish-W i th-A-Dutch-Sandwich.html?_r=0">http://www.nytimes.com/interactive/201 2/04/28/business/Double-Irish-Wi th-A-Dutch-Sandwich.html?_r=0
 
2013-05-22 03:47:36 PM

Phinn: InmanRoshi: Pappy091: My local school district just spent over $50 million building a farking football stadium. Every single school except for one already had a perfectly good football stadium. I wish I could say that this was the exception, but money is wasted like this all the time in the name of "education".

Specifically, your football stadium was paid for using a voter approved municipal bond issuance.

The funding was not taking from your by "gun point".    It was funded by issuing municipal bonds via voter approval.

Your community voluntarily decided to borrow $50 million dollars of debt to pool together to  show off how rich and wealthy you were through a stupid football stadium, to rub it in poorer community's faces .

What is the source of money to repay these bonds? Taxes.

The people who wanted the stadium are forcing everyone else to pay for it.

The fiction of voting doesn't change the fact that people are paying for that stadium at the point of a gun.

The people who support banning guns always seem to be the same people who get a hard-on for using guns to force others to pay for their preferred crap. They don't hate guns, as long as they're the State's guns.



And, just like that, Phinn goes directly into Red 1 (you held such promise).
 
2013-05-22 03:52:28 PM

InmanRoshi: Phinn: What is the source of money to repay these bonds? Taxes.

The people who wanted the stadium are forcing everyone else to pay for it.

The fiction of voting doesn't change the fact that people are paying for that stadium at the point of a gun.

No one is forcing you to by the point of the gun to live in a community where $50 million for a high school football stadium seems like a good use of local resources.   You can live anywhere else in the country as an American citizen if you don't like it.   There's no shortage of areas in the country where it would seem pants on the head retarded to spend $50 million on a high school stadium, and it's called "Anywhere but Texas."     Keeping all government local has consequences when everyone around you is a retard.


This should be pretty much everyone's life-mantra.
 
2013-05-22 05:20:18 PM

Walker: This just in (please sit down): Corporations and rich people find ways to avoid paying taxes, while the little people get audited, fined, and basically get the shaft.

/more at 11


Welcome to the system. Please enjoy your stay because we told you to, and you will do as you're told!
 
2013-05-22 06:09:03 PM
Walker: This just in (please sit down): Corporations and rich people find  ARE PROVIDED WITH ways to avoid paying taxes, while the little people get audited, fined, and basically get the shaft.

/more at 11

And they call the 99% "entitled".
/ Har Har Har Arrgg Har hark, whoop, oops, hurt myself a little there
 
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