Posts: 6851
Threads: 76
Joined: October 17, 2012
Reputation:
31
TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 5:19 pm
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.
Posts: 30129
Threads: 304
Joined: April 18, 2014
Reputation:
92
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 5:51 pm
The granting of a pardon is an imputation of guilt, and the acceptance a confession of it.
Posts: 9338
Threads: 19
Joined: September 8, 2015
Reputation:
79
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:04 pm
Cheeto von Tweeto will claim credit in 3....2....1...
If you get to thinking you’re a person of some influence, try ordering somebody else’s dog around.
Posts: 44017
Threads: 529
Joined: July 24, 2013
Reputation:
109
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:27 pm
(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.
I'm no expert on US tax law, but aren't corporations supposed to be taxed at 21%? $38 billion out of $350 billion is less than 11%.
Boru
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
Posts: 66324
Threads: 140
Joined: June 28, 2011
Reputation:
160
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:31 pm
(This post was last modified: January 17, 2018 at 6:31 pm by The Grand Nudger.)
Maybe they're working out a sweetheart deal before they move all their money from shady not-american memory holes. Or maybe they're just waiting for the US to turn into one.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
Posts: 6851
Threads: 76
Joined: October 17, 2012
Reputation:
31
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:32 pm
(January 17, 2018 at 6:04 pm)Fireball Wrote: Cheeto von Tweeto will claim credit in 3....2....1...
The new tax plan is the cause.
Posts: 66324
Threads: 140
Joined: June 28, 2011
Reputation:
160
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:33 pm
You mean, "the cause" like it was with all that walmart greatness?
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
Posts: 6851
Threads: 76
Joined: October 17, 2012
Reputation:
31
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:39 pm
(January 17, 2018 at 6:27 pm)BrianSoddingBoru4 Wrote: I'm no expert on US tax law, but aren't corporations supposed to be taxed at 21%? $38 billion out of $350 billion is less than 11%.
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.
Posts: 44017
Threads: 529
Joined: July 24, 2013
Reputation:
109
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:44 pm
(January 17, 2018 at 6:39 pm)alpha male Wrote: (January 17, 2018 at 6:27 pm)BrianSoddingBoru4 Wrote: I'm no expert on US tax law, but aren't corporations supposed to be taxed at 21%? $38 billion out of $350 billion is less than 11%.
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
‘But it does me no injury for my neighbour to say there are twenty gods or no gods. It neither picks my pocket nor breaks my leg.’ - Thomas Jefferson
Posts: 66324
Threads: 140
Joined: June 28, 2011
Reputation:
160
RE: TCJA: Apple repatriating cash and pumping it into US economy
January 17, 2018 at 6:44 pm
(This post was last modified: January 17, 2018 at 6:45 pm by The Grand Nudger.)
I don't think anyone is unclear as to the purpose of welfare, alpha.
It's a handout for useless takers that we should absolutely cut asap..because incentivizing people with money only makes them lazy, unproductive dependents.
I am the Infantry. I am my country’s strength in war, her deterrent in peace. I am the heart of the fight… wherever, whenever. I carry America’s faith and honor against her enemies. I am the Queen of Battle. I am what my country expects me to be, the best trained Soldier in the world. In the race for victory, I am swift, determined, and courageous, armed with a fierce will to win. Never will I fail my country’s trust. Always I fight on…through the foe, to the objective, to triumph overall. If necessary, I will fight to my death. By my steadfast courage, I have won more than 200 years of freedom. I yield not to weakness, to hunger, to cowardice, to fatigue, to superior odds, For I am mentally tough, physically strong, and morally straight. I forsake not, my country, my mission, my comrades, my sacred duty. I am relentless. I am always there, now and forever. I AM THE INFANTRY! FOLLOW ME!
|
