Skip to comments.New York Times Outs Apple, Enemy of the People, on Tax “Sidestep”
Posted on 04/30/2012 4:10:13 AM PDT by Kaslin
So its come to this: If youre a successful technology company that employs 47,000 people in the U.S. along with supporting the employment of another 257,000 jobs domestically at other companies, thats not enough.
Its not enough that according to a company study published in the New York Times, your operations have generated almost $5 billion in federal and state income taxes, including income taxes withheld on employee stock gains, making [you] among the top payers of U.S. income tax, in the first half of 2012 alone.
For the folks playing at home, income taxes are THE taxes that are collected to support the reckless spending ways of Washington. The rest of the taxes- corporate and excise and harassing- are chump change comparatively.
But still, its not enough because, liberals need more money, darn it.
Its takes a ton of money to mind everyone elses business. You cant be Government Busybody without expecting it cost plenty, thank you very much.
And its not just the money they want: They want your blood, sweat and toil, too.
And if you dont give it, you are a criminal, because, you, who have revolutionized technology- literally- many dozens of times in the last 30 years, are standing in the way of the progressives Great Leap Backward; backward to the socialism that worked out so well for so many since 1917, with great golden arch that says: Over One Billion Killed- so far.
Ok, its not McDonalds, but you have to admit socialists have the franchise down as far as murder is concerned.
The New York Times has even made up a new word for the liberal lexicon that brands your corporation a type of social criminal.
The call you a sidestepper.
Of course nothing youve done is actually illegal, as the Times itself admits.
But that doesnt mean its not sinister, dirty, sneaky, outrageous, egregious and preposterous.
In an article titled How Apple Sidesteps Billions in Taxes, the New York Times accuses technology giant Apple (NASDAQ: AAPL) Computer of many legal methods to reduce its worldwide tax bill by billions of dollars each year.
Sidestep taxes? Legal methods?
Gasp! How horrific!
And the thing is; what really makes this so bad, according to the NYT, is that:
For Apple, the savings are especially alluring because the companys profits are so high. Wall Street analysts predict Apple could earn up to $45.6 billion in its current fiscal year which would be a record for any American business.
Record profits, sidestepping taxes, dog and cats living together, real wrath of God stuff.
And all the while, the government needs the money that those blood-sucking profiteers at Apple are sidestepping.
Never mind that Apple (NASDAQ: AAPL) invented one of the first, successful, scaleable desk-top computers; or that it scaled the operating system and the hardware down so that it can fit in the palm of your hand. Never mind that in doing so, people can be productive on-the-go, thereby creating real wealth for the rich and poor alike.
You can't blame the New York Times (NYSE: NYT). They just aren't familiar with the concept of profits having lost $40 million as of Christmas Day 2011.
But all of that is secondary to the real issue at stake.
The government needs money.
You cant host General Service Administration junkets without more coin; you cant bailout European taxpayers without paying the Pied Piper; you cant regulate the oil and coal business out of existence without making sure that someone, anyone pays the price.
And what's a better target than, the most successful, richest and most productive technology company in the history of the world?
Of course Apple has just been asking for it. How dare them innovate and be successful?
How do you expect the government to continue to fund Solyndra, the Chevy Volt, the Student Loan bubble, Mexican drug cartels, the Palestinian Authority, FHA, Warren Buffett and George Soros without Apple paying its fair share?
Ok, sure Apple paid an effective world wide tax rate of 24.2 percent on their profits in 2011, which, yeah, is more than Obamas effective tax rate of 20.5 percent for the year.
But heres the difference between Obamas tax rate and Apples: Liberals want to tax success in this country.
And no one would argue that Obama had much success last year, no matter what his tax returns say.
Can’t drive my car on an Apple.
Meanwhile, the Times has little interest in GE’s lack of tax payment. Could it be because GE is a major Dem backer?
And you think the Slimes isn’t?
We started to watch the animated film “Rango” last night. [Had to cut off our Netflix experience to have dinner with friends, but we'll get back to it, so please don't spoil the end.] We first see Rango in his totally artificial world of sand, water dish with plastic fish, plastic palm tree, and upper torso of a doll. He is happy, but TOTALLY DILUSIONAL.
Like NYT editors and staff.
I couldn’t care less if the liberals tear Apple to pieces. It’s a rotten company.
like to see NY Times tax returns with a loser like the Boston Globe as part of the organization. At some point they will have to recognize their poor investment, and then will a a $5 billion write-off that will ensure they will not be paying taxes forever.
The Slime Times will be attacking Mean-Spirited Capitalist Running Dog Imperialist Dangerous Constitutional Radical Jack-Booted Nazi Thug Money-Grubbing Pig Whore Not-Gay-Enough-To-Be-Seen-In-Public Enemies of the People double-time while they are in the midst of enslaving their own workers by making them pay a bunch more for their own health care.
Their workers are pissed, and they need you distracted.
It is so very sad to be a SUCCESS in a society that worships the FAILURE.
Isn’t the real truth that Apple is bypassing California’s excessive tax rates?
If they moved their head office....
Apple’s “success” lies in convincing the public at large to make its overpriced, crippled products the mainstream standard. There’s nothing to be proud of in that. It’s an unethical company that deserves nobody’s support.
Every U.S. carrier that’s started selling the iPhone has had to raise fees, cut benefits, and generally make their service more expensive. They have to do so in order to deal with Apple’s demands.
Apple’s been caught colluding with publishing companies to keep the price of e-books artificially high.
Apple tried to put the screws to people who jailbroke their iPhones with the DMCA.
Apple was fined for $1.2 million for selling people in Italy Applecare extended warranties when they were already entitled to it under Italian law.
And that’s just a sample. Think before you talk, man! Don’t just say “Yay Capitalism!” because a company makes a good profit; there’s more at stake beside that.