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Forums - Politics Discussion - Apple is bringing their overseas money back to the US (350B$ investments)

It's ok people. I don't like Trump either. But our corporate tax levels were the highest in the world (3rd or 4th when including tax breaks). Lowering those is going to help. It's ok to admit it. You won't suddenly become a bigot.



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irstupid said:
Aeolus451 said:

The U.S. reduced it's corporate tax to similar levels as the EU and companies are coming back. It's that simple.  350 billion is not chump change.

Got to love it. The wall costing 70 billion to make is insane and outrageous and we can't afford it. Apple comes back to the US and we get 38 billion in tax revenue instantly and 350 billion future taxable revenue  and that is chump change.

It's actually not even chump change because no one will ever see that money thanks to tax breaks for Apple elsewhere. While the wall which initially should've cost nothing, now costs a minimum of 70bn, will do nothing and waste money that could've gone elsewhere. All while the government shuts down agencies and programs that actually do something but cost only a few billions.



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epicurean said:
It's ok people. I don't like Trump either. But our corporate tax levels were the highest in the world (3rd or 4th when including tax breaks). Lowering those is going to help. It's ok to admit it. You won't suddenly become a bigot.

Nice to someone who's left leaning or a centrist who's reasonable about this.



vivster said:
irstupid said:

Got to love it. The wall costing 70 billion to make is insane and outrageous and we can't afford it. Apple comes back to the US and we get 38 billion in tax revenue instantly and 350 billion future taxable revenue  and that is chump change.

It's actually not even chump change because no one will ever see that money thanks to tax breaks for Apple elsewhere. While the wall which initially should've cost nothing, now costs a minimum of 70bn, will do nothing and waste money that could've gone elsewhere. All while the government shuts down agencies and programs that actually do something but cost only a few billions.

There's no denying that Apple will benefit from this. But now I ask you, does that matter? If apple makes billions more, is it not worth it for the thousands of jobs that will be created? Or where you expecting that apple or any other big corp that is moving to the US to just make donations out of pure joy?

What the left dont see is that both the big guy and the little guy have to profit for us to move forward. The big guy may profit more, but that will always be the case. Give and take.



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Dark_Lord_2008 said:
Millions of jobs will be created in America as Apple and various companies come back to the US. Trump's tax reforms will create millions of jobs and he will be rewarded with a second term as President.

Now you are asking people to work for their money. I starting to think that the left only wants redistribution of wealth. Its like they want to be part of tanking economies like some of EU just so everybody is equal. What they fail to see is that equality of outcome is everybody poor, they believe its everybody middle class. 



It takes genuine talent to see greatness in yourself despite your absence of genuine talent.

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The truth is that we really don't know how much credit goes to the new tax reform for what Apple announced today.  Only Apple knows.  We do know that they already had some plans in place for an increased investment in the US but we don't know the full scope.  

People who think they know should either calm down or explain to us about how their uncle is a janitor at Apple and saw the hard data in Tim Cook's waste basket.  

irstupid said:
Aeolus451 said:

The U.S. reduced it's corporate tax to similar levels as the EU and companies are coming back. It's that simple.  350 billion is not chump change.

Got to love it. The wall costing 70 billion to make is insane and outrageous and we can't afford it. Apple comes back to the US and we get 38 billion in tax revenue instantly and 350 billion future taxable revenue  and that is chump change.

That doesn't make much sense.  That 38 billion was a mandatory payment based on a discounted rate for a deferred tax.  It's also included in the 350 billion.

 



Tax bill should help the economy a lot. Interested to see if GDP climbs over 4%. If it does that would be great.



Aeolus451 said:
epicurean said:
It's ok people. I don't like Trump either. But our corporate tax levels were the highest in the world (3rd or 4th when including tax breaks). Lowering those is going to help. It's ok to admit it. You won't suddenly become a bigot.

Nice to someone who's left leaning or a centrist who's reasonable about this.

That's only telling half of the story though. It's not really important what's the corporate tax rate when after using every single loophole the effective tax rate gets to near single digits.

 

Another perspective is, if you're on the working class, you are paying higher taxes than the richest corporations the world has ever seen.

 

How's that for reasonability?



Dark_Lord_2008 said:
Millions of jobs will be created in America as Apple and various companies come back to the US. Trump's tax reforms will create millions of jobs and he will be rewarded with a second term as President.

hahaha that was funny :D



Dark_Lord_2008 said:
Millions of jobs will be created in America as Apple and various companies come back to the US. Trump's tax reforms will create millions of jobs and he will be rewarded with a second term as President.

"Millions" of jobs, lol. 

https://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

Maybe actually look up data. Clinton and Obama (that second term in particular) did well, if Trump is lucky he will be in that range, though probably less. George W. Bush was a disaster, ironically he was all about tax breaks and deregulation before tanking the economy in 2008. Trump is largely benefitting from an economy that was already booming under Obama's second term (over 10 million new jobs). 

Last edited by Soundwave - on 21 January 2018