Made In America

[Chaz]

Apple is based in the US. Ask them how much tax they pay in the US.

Money earned overseas is usually held oversees in foreign accounts. That way the companies can avoid the taxes they would pay if they brought that money back into the US.

Check out the recent controversy with Apple and how they report most of their foreign income as being earned by their tiny little office in Ireland. Coincidentally, Ireland has laws that are very friendly toward that kind of thing. And it's completely legal. However, Apple also has to pay dividends and returns to their investors on that profit on which they are paying no tax. So they borrow heavily in the US to pay their investors their dividends. Meanwhile they thumb their noses at the government and say they won't being the money back into the US until the US changes the tax laws. Apparently the EU is trying to force Ireland to crack down on this kind of thing, and bring their laws in line with the rest of the EU, but Ireland is fighting it, and Apple is pissed as hell at the EU over it.

Their tiny little office employs about 4,000 people, and why would a company want to pay more taxes? Why should they pay double taxes on money earned outside our country? Would you like to earn money in more than one state but have to pay taxes in each state on your total earnings? Or would you rather pay taxes on only the money you earned in each state to that state? It is the same thing, if they earn money outside the U.S. they should be able to bring it back here without having to pay taxes on it again.

 

[Chaz]

Those jobs would still exist if they built the production line in the US. And so would all those production line jobs, too.

Not if people stopped buying their small cars because the labor cost made them too expensive. If other car companies make a similar car at a lower price most people would buy the lower cost car. We are talking compact cars not luxury ones where people are very price conscious. An extra $1000 on a $11k car will put a big dent in their sales.

 

[Jeff H]

Instead of funding the gov't directly (Taxes) keep the money here with salaries. So decrease corporate taxes on manufacturers, who pay the people first, the people then pay their taxes to gov't.

Pay the government first and you create a welfare state, pay the workers first and you have a democracy.

 

[Chaz]

Instead of funding the gov't directly (Taxes) keep the money here with salaries. So decrease corporate taxes on manufacturers, who pay the people first, the people then pay their taxes to gov't.

Pay the government first and you create a welfare state, pay the workers first and you have a democracy.

We don't want a democracy, mob rule does not work. I agree on decreasing taxes on corporations and business in general because all that does is raise the cost to the consumer. There is no company who will eat the cost of a tax without passing it on. If you lower the tax you would lower the cost of the product.

 

[Coss]

We don't want a democracy, mob rule does not work. I agree on decreasing taxes on corporations and business in general because all that does is raise the cost to the consumer. There is no company who will eat the cost of a tax without passing it on. If you lower the tax you would lower the cost of the product.

" ......If you lower the tax you would lower the cost of the product ....... "
No you don't, you increase the profit margins.

 

[Chaz]

" ......If you lower the tax you would lower the cost of the product ....... "
No you don't, you increase the profit margins.

You are wrong, all it takes is one company who makes a product to lower it's price and the others will follow suit. Why then does the price of gas go down when the cost of a barrel of oil go down? In your scenario the cost would remain high no matter what. It would not take long for a company to figure out that lowering their price would cause an uptick in their sales while still making the same profit on each item. Thus making more money by selling more items.

 

[Jeff H]

We don't want a democracy, mob rule does not work.

Ok, Mr. Literal , a Representative Democracy.

 

[CrimsonEclipse]

Sounds like you guys are saying the "Trickle Down" theory doesn't work....

 

[Rickb]

" ......If you lower the tax you would lower the cost of the product ....... "
No you don't, you increase the profit margins.

Isn't that a fact and why corporate profits are higher than ever.

 

[Rickb]

Sounds like you guys are saying the "Trickle Down" theory doesn't work....

Key word is trickle and it doesn't work.