Apple to Start Paying $16B Tax Bill

Lizard Testes said:
I pay a lot of taxes and consider it my patriotic duty to do so.

When you've got people in the middle class paying 20%+ and people like Mitt Romney paying ~11% and profitable corporations paying 0% you've got a problem. And that problem has nothing to do with flat vs progressive taxes. It's largely:

1. Some income is considered "better" than other income, e.g. corporate income, capital gains, and pass through income (mostly earned by the wealthy) being taxed far less than income earned via the sweat off your own nut sack (the primary source of income for the middle class).
2. A million ridiculous loopholes which can really only be taken advantage of by the wealthy and corporations.

Both of which basically boil down to "we better suck a lot of 1%er dilz in the hopes that they'll trickle down some increasingly shitty lower middle class jobs onto our heads."
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#ThisShitRightHere
 
BlueFireIce said:
If you understood the actual case, you would understand he is right.

The EU told Ireland to collect those taxes from Apple, Ireland REFUSED. The appeal to the EU is JOINT by Apple and Ireland, as in Ireland is literally on Apples side and has stated Apple owes no extra taxes. The money will be paid to Ireland who then has to hand it straight over to the EU, the EU is also taking Ireland to the European Court of Justice over delays in recovering the money, as they had refused many times to collect the taxes the EU said it was owed. Only now has Ireland started to collect the funds due to the court ruling, which they are appealing with Apple.



God I love it when tax topics come up and people who understand little other than talking points on media about it.

No, he did not pay 11% in for taxes. No, companies do not pay 0% in taxes, people hear this and don't understand corporate taxes are not only calculated different but also collected different.

Mitt Romney claimed to have only paid 14% in taxes. First, they reduced their income by donating 3 million to charity, second, most of his income is actually taxed twice.

"Taxable interest income accounted for $3.3 million, which is taxed at 35%, the top marginal personal income tax rate. He also reported $4.9 million in ordinary dividends, of which $3.3 million qualified for the 15% tax rate. Unlike interest payments, corporations may not deduct dividends from their income. Dividend income therefore is taxed twice, first at the corporate level, and then again when it is reported on an individual’s personal income tax return.
A rigorous economic analysis would use the top marginal tax rate because that is the rate that affects economic decisions. However, for the purpose of this analysis, a reasonable estimate would use the average U.S. corporate tax rate which, over longer periods of time, has been 25%.

Based on a 25% tax rate, for every $133 a corporation earned, it had to first pay $33 in federal income taxes before it could distribute $100 in dividends. Next, on every $100 of dividend income received, the Romneys paid an additional $15 in taxes. The combined tax of $48 totals out to a 36% rate on dividend income ($48/$133), which approximates the top personal income rate imposed on interest income."

What people don't like to talk about is to get those "low" rates of 36% they had to give millions away, which is never factored in, when you consider taxes and donations they have a rate of 38.49%
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So how much did they pay you to shill for them?
 
BlueFireIce said:
Apple was doing as the law allowed, even Ireland agreed.

Apple bullied citizens to buying their products? Oh, wow, and here I thought people sleeping outside of the stores were there of free will.
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You know the EULA forced them to do that, under penalty of having their lips sewn to someone else's butthole.
 
BlueFireIce said:
God I love it when tax topics come up and people who understand little other than talking points on media about it.
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Sorry, but it has shit to do with media talking points and entirely to do with my taxes vs what Mitt reported for HIS taxes.

No, he did not pay 11% in for taxes. No, companies do not pay 0% in taxes, people hear this and don't understand corporate taxes are not only calculated different but also collected different.

Mitt Romney claimed to have only paid 14% in taxes. First, they reduced their income by donating 3 million to charity, second, most of his income is actually taxed twice.

"Taxable interest income accounted for $3.3 million, which is taxed at 35%, the top marginal personal income tax rate. He also reported $4.9 million in ordinary dividends, of which $3.3 million qualified for the 15% tax rate. Unlike interest payments, corporations may not deduct dividends from their income. Dividend income therefore is taxed twice, first at the corporate level, and then again when it is reported on an individual’s personal income tax return.
A rigorous economic analysis would use the top marginal tax rate because that is the rate that affects economic decisions. However, for the purpose of this analysis, a reasonable estimate would use the average U.S. corporate tax rate which, over longer periods of time, has been 25%.

Based on a 25% tax rate, for every $133 a corporation earned, it had to first pay $33 in federal income taxes before it could distribute $100 in dividends. Next, on every $100 of dividend income received, the Romneys paid an additional $15 in taxes. The combined tax of $48 totals out to a 36% rate on dividend income ($48/$133), which approximates the top personal income rate imposed on interest income."

What people don't like to talk about is to get those "low" rates of 36% they had to give millions away, which is never factored in, when you consider taxes and donations they have a rate of 38.49%
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So what percent did Mitt pay, really?

What about capital gains that aren't dividend related?

Companies never pay out dividends even if, on paper, they didn't make a profit?

What would he pay now, with the new 21% rate? Does that mean that the new corporate tax rate, for your purposes, is now 11% instead of 25%?

I don't have a corporation so I don't know how all that shit works. I just know what Mitt said he paid, and I know what I paid, and when you compare those two numbers, I start googling how to make your own guillotine.
 
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zamardii12 said:
How can you not get mad though? I mean, they make all this money, hire foreign workers and pay shit wages, in shitty working conditions, and then do everything possible in order to not pay taxes to the very countries they are making money from. It's despicable. Pay your fucking fair share! Kyle is right that 16 billion dollars would not even be felt by Apple, so why go through this elaborate bullshit in order to fight not paying what you plainly owe? It makes no sense other than the greed that comes with wanting to hold onto every penny thinking you owe nothing to anybody. The average Joe tries some structuring bullshit in order to avoid paying taxes and they lock us up in jail.
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It's simple, here's a guide:

Don't get mad at the corporations, they're run by people who have a fiduciary responsibility to maximize profits, which includes taking advantage of loopholes.
Don't get mad at the lobbyists making the loopholes, they're just doing what corporations like Apple paid them to do.
Don't get mad at the politicians, they were voted in by the people, and both parties would have done what they were paid for by the lobbyists anyway.
Don't get mad at the people, their only choices were garbage.
Don't get mad at the system, that makes you a communist.

All figured out?
 
Lizard Testes said:
Sorry, but it has shit to do with media talking points and entirely to do with my taxes vs what Mitt reported for HIS taxes.



So what percent did Mitt pay, really?

What about capital gains that aren't dividend related?

Companies never pay out dividends even if, on paper, they didn't make a profit?

What would he pay now, with the new 21% rate? Does that mean that the new corporate tax rate, for your purposes, is now 11% instead of 25%?

I don't have a corporation so I don't know how all that shit works. I just know what Mitt said he paid, and I know what I paid, and when you compare those two numbers, I start googling how to make your own guillotine.
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What he paid on his taxes and donations was 38.49%, so he got to keep only 61.51% of his income. He made the half truth about 14%, as only a small part of his income is taxed at that rate on his personal income, as that income is already taxed at the corporate level, what a surprise, politicians are not honest. As for what he pays now, if you get him to release another one of his income tax, you can see for your self, until then it's private.
 
BlueFireIce said:
Apple was doing as the law allowed, even Ireland agreed.

Apple bullied citizens to buying their products? Oh, wow, and here I thought people sleeping outside of the stores were there of free will.
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The point is that EU protects consumers against unfair business in all of EU, so when one country decides to give tax relief to specific companies which is legal in that country it fvcks everyone else over. So it has nothing to do with the product, but everything to do with no companies getting a competition benefit in all of EU.
 
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