Apple $13 Billion income sales $46 billion, has 100 billion dollars cash on hand!

[HappySqurriel]

SamuelRSmith said:

HappySqurriel said:
Being that their profits are so high, and their margins are higher than oil companies, I expect to see congress calling for a windfall profit tax on Apple any day now ...

Nah, calls for windfall taxes tend to only be on those companies that aren't favoured well by the public and press. Windfall taxes seem to be more about winning votes and less about generating revenue.

 

EDIT: Actually, thinking about it, that tends to be the case for the majority of tax policies.

I know, I was mostly being sarcastic ...

I don't really understand it, but (for some reason) oil companies seem to be hated by almost everyone; and, in almost every way, face a double standard from the public.