RE: TCJA: Apple repatriating cash and pumping it into US economy
January 18, 2018 at 1:46 pm
(This post was last modified: January 18, 2018 at 1:50 pm by Neo-Scholastic.)
(January 17, 2018 at 6:44 pm)BrianSoddingBoru4 Wrote:(January 17, 2018 at 6:39 pm)alpha male Wrote: It's 35% through 12.31.17, 21% beginning 1.1.18.
But, by keeping profits out of the country, US corps have been able to avoid taxation. Part of the TCJA is that corps will be taxed one time on their foreign profits, at a reduced rate and payable over 8 years. This will result in big tax collections and investment in US business. People calling the act corporate welfare just don't really understand the point.
Ok, so Apple is going to pay this $38 billion over eight years. That works out to a little less than 5 billion per year, or (very roughly) $14.00 for every person living in the US.
Don't spend it all in one place.
Boru
Way to focus on the small picture. Apple is just one of many and it will add up as more and more companies follow their example. Besides, that's 5 billion Obama decided he didn't need to pay for the massive debt he incurred.
In less than 2 year's Trump has revived an economy that was stagnant for 8-years under Obama. It cracks me up the way you guys are trying to explain away success. It's almost like you WANT the economy to tank just to prove you weren't wrong.
