Apple Agrees To Pay Italy $347 Million In Back Taxes

The Italians are quite inventive when it comes to tax collection and investigations. A few years back they wanted to check out people for tax evasion but who do you pick?

They checked the vehicle licensing lists and picked anyone with a car over a certain value or make. Worked like a charm apparently.

"So Mr Moretti...you state you only earned €50000 last year but you drive a 2014 Ferrari! Care to explain?
 
daglesj said:
The Italians are quite inventive when it comes to tax collection and investigations. A few years back they wanted to check out people for tax evasion but who do you pick?

They checked the vehicle licensing lists and picked anyone with a car over a certain value or make. Worked like a charm apparently.

"So Mr Moretti...you state you only earned €50000 last year but you drive a 2014 Ferrari! Care to explain?
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That would not fly in the US.
 
FairTax solves this problem. You can't tax what you can't prove is owed with our broken income tax system.
 
PCunicorn said:
Yes, thank you. The lack of understanding of tax brackets in this country is appalling. Our economic and political education here in the US is utter shit.
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Our current tax system is shit. Designed to obfuscate how much the government is raping from you.

He might be in the 35% bracket, but he only pays that on a percentage of his income.

However, that's just his federal income tax. Once you take out money for social security, medicare, dividends, capital gains and state income tax (10% if you are stupid enough to live in Commifornia like me), his total taxes are probably more than 35%.
 
Oh ya, don't forget the payroll, unemployment and, of course, corporate tax that your company pays that are taken out of your salary. Then the 50% estate tax when we die.

We all pay way more than we realize.

(Sorry for the post spam.)
 
sleepeeg3 said:
Our current tax system is shit. Designed to obfuscate how much the government is raping from you.

He might be in the 35% bracket, but he only pays that on a percentage of his income.

However, that's just his federal income tax. Once you take out money for social security, medicare, dividends, capital gains and state income tax (10% if you are stupid enough to live in Commifornia like me), his total taxes are probably more than 35%.
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Correct. It's a total of 35%, not just FICA.
 
Stimpy88 said:
Yet another Anti-Apple, click-bait, inaccurate headline from our resident "journalist"

THE place to come for in-depth, unbiased tech reporting :rolleyes:
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I know its upsetting. You should totally show your anger by being upset with other people who get unreasonably emotional about meaningless computer junk over here:

http://www.mac-forums.com/

It's cool because computers have a lot of empathy for how you feel and they know you're here to defend them so I'm sure Apple devices everywhere are bursting with pride over your post.
 
CreepyUncleGoogle said:
I know its upsetting. You should totally show your anger by being upset with other people who get unreasonably emotional about meaningless computer junk over here:

http://www.mac-forums.com/

It's cool because computers have a lot of empathy for how you feel and they know you're here to defend them so I'm sure Apple devices everywhere are bursting with pride over your post.
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Thank you! and I applaud you for being able to so accurately read my mind.

Please be assured that I have notified the Nobel commission of your breakthrough, that you are compelled to share with the rest of humanity.
 
Stimpy88 said:
Thank you! and I applaud you for being able to so accurately read my mind.

Please be assured that I have notified the Nobel commission of your breakthrough, that you are compelled to share with the rest of humanity.
Click to expand...

Pulitzer would be more accurate
 
daglesj said:
"So Mr Moretti...you state you only earned €50000 last year but you drive a 2014 Ferrari! Care to explain?
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But why do they need to explain? Its fed task to prove guilt or tax evasion. A person may have life time family savings, not only yearly income.
 
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