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To: minnesota_bound
Apple pays .005% tax.
You and I pay 43% or more. I wish I knew some leprechauns to shelter my money.

Apple's pays the bulk of its taxes in the United States, where it is headquarters are located, where it reports its profits. Last year its effective US effective Corporate INCOME TAX RATE was a bit over 27%. Alphabet/Google's was something like 16.81%, Microsoft's was 34%, because the posted a huge write off in the last quarter, reducing the bottom line. However in 2014, their effective tax rate was 20%. Amazon's is about the same as Apple's.

So much for your 0.005% tax rate for Apple.

43 posted on 08/30/2016 2:07:10 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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To: Swordmaker
Apple's pays the bulk of its taxes in the United States, where it is headquarters are located, where it reports its profits. ... However in 2014, their effective tax rate was 20%. Amazon's is about the same as Apple's

Swordmaker, what you have stated directly contradicts much of an article from Business Insider from 2014 titled, “Here's How Much Money Apple Avoids Paying In Taxes By Pretending It's Based In Ireland”

http://www.businessinsider.com/how-much-money-apple-avoids-paying-in-taxes-2014-6

I am certain that the article was part of a vast right wing conspiracy from the same people trying to pick on poor Hillary. And it actually was based largely on information from a congressional inquiry which found, “Apple wasn't even reporting its U.S. taxes accurately, either, the Senate subcommittee found. Its (Apple's) annual report disclosed it paid much higher U.S. taxes than it actually paid to the IRS.”

Apple's statements about the taxes that it does or does not pay seem to directly parallel the claims Hillary Clinton made about her experiences as Secretary of State when she spoke to Congress. In other words, Apple and Hillary lie... a lot. And every once in a while it catches up with them... sometimes with humorous results.


45 posted on 08/30/2016 2:46:45 PM PDT by fireman15 (The USA will be toast if the Democrats are able to take the Presidency in 2016)
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