RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:50 pm
(This post was last modified: January 17, 2018 at 6:52 pm by Brian37.)
(January 17, 2018 at 5:19 pm)alpha male Wrote: https://www.cnbc.com/2018/01/17/apple-an...years.html
Quote:
- Apple says the new tax law will help it will contribute $350 billion to the U.S. economy over the next five years.
- It says it will create 20,000 new jobs and open a new campus.
- Apple expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States.
That is STILL only 1 company while THE economic experts are STILL predicting a 1.2 trillion add to the DEPT over 10 years for all big corps.
I bet their 38 billion in taxes will pale in comparison to the tax breaks they get over the same time, still not taking into account ALL giant corporations.
If you want to argue 1 company is trying to do the right thing, it would STILL be 1 company, even if I agreed.
