Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The problem with people's opinions on this subject, like most things related to Apple, are that they're mostly misinformed. This isn't like the antics of corporations like GE where they invest billions elsewhere and write it off. The money at issue is money that has been made elsewhere in the world.The issue with Apple, who we are criticizing because it put themself on show for critique by its newsworthy actions (every other similar corporation is just as worthy of critique) , is that while its tax code adherence is 'legal', it is not necessarily ethical nor appropriate by intent of the tax laws. By intent of the laws, which were not manipulated by Congress and corporate lobbyists specifically to allow this situation and legal/ethical gray-areas, the amount of taxes paid is less than what it should be. Were it not for the manipulated laws and regulations, looking at it externally from a 10,000 foot view, you could easily assume some type of fraud or cheating is going on.
I'm not suggesting that Apple's earnings do not belong to it, nor that it should pay more to the government because the government *needs* it. But it should pay the share of its earnings to the government which the law intends for an established & managed corporation to function in this country. I'll spin your question another way: Apple made the money, why does it need to keep more of the share that it owes to the government?
Again, you *could* replace Apple with any number of large, successful corporations.
Speaking of California taxes where Apple is headquartered, I heard that 60 cents out of every dollar a person earns in that state goes to the government. That's a ridiculous amount of money. A person works from January to September just to pay off the California government to squander their money and the state government is broke.
That's why I think Apple should hold onto every last penny. The State of California's government is the opposite of Apple. Apple is simple; efficient, and orderly, meanwhile the state and our government have none of those qualities.
So Apple and companies like them don't owe us anything.
10% Flat Income Tax for all; individuals, families, businesses, and corporations that live in the US.
No exemptions, tax credits, or subsidies, therefore no loopholes.
Tax code reduced from 27,000+ pages to one.
Then onto congressional term limits!
The problem with people's opinions on this subject, like most things related to Apple, are that they're mostly misinformed. This isn't like the antics of corporations like GE where they invest billions elsewhere and write it off. The money at issue is money that has been made elsewhere in the world.
How does it make sense that profits from macbooks manufactured in China and sold in Italy should be taxed in the US? Simply because Apple's HQ is in California does not mean the US and California are entitled to tax every single dollar that they make anywhere in the world.
California sure loves to tax my paycheck even when I'm working in Oregon (and Oregon taxes it, as well). You can imagine how annoying that is and I'm not sure how anyone thinks that's "fair".
The problem with people's opinions on this subject, like most things related to Apple, are that they're mostly misinformed. This isn't like the antics of corporations like GE where they invest billions elsewhere and write it off. The money at issue is money that has been made elsewhere in the world.
How does it make sense that profits from macbooks manufactured in China and sold in Italy should be taxed in the US? Simply because Apple's HQ is in California does not mean the US and California are entitled to tax every single dollar that they make anywhere in the world.