They are.
Really? Apple are doing the local area a favour by creating jobs? No, Apple are creating jobs because of a business need, not good will.
They are.
First level tech support requires about the same level of training.
Come on, people! Are we really going to have Round Two of the Bleeding Hearts Society telling us all that Apple should be giving away more money "because they can afford to?"
Everybody's welcome to their own personal politics. (Duh.) But guess what. Apple is a FOR-PROFIT company. They are literally on the hook to their shareholders to maximize their revenues and profits. Every business (and individual, for that matter) in this fine country of ours makes decisions that will minimize taxes and maximize money coming in.
They are not evil for seeking the best deal they can get. It's their job.
Should the New York Yankees (of past) given away games because they had more wins than they needed?
Should the Top 100 Richest folks just stop trying and give it away because they have more than they need?
Why should Apple? Because they're a faceless corporate entity and there's just absolutely zero point to further growth/accumulation? They're just like this "machine" that doesn't need the money. Right?
Think again. I'm a "part owner" of Apple. My family and I appreciate their continued attention to growth and accumulation. Apple = shareholders = "regular people." Granted, lots of Apple shareholders are big greedy corporate behemoths. But, keep pulling that thread and guess what. Those big behemoths usually equal shareholders = "regular people" too.
Sorry for the news flash: it's how this country runs.
People, companies, and governments are free to exercise their politics where they have the influence. Apple wants to minimize taxes paid. Texas wants to "do whatever is on their political agenda" and maximize tax revenues collected. Texas was free to wheel and deal with Apple, trading back and forth among these related desires until they closed the deal. If the fine people at Apple do something "wrong," they'll see the backlash from shareholders and customers. If the fine people in Texas did something wrong (failed to meet their constituents' political demands), they'll feel it at the polls.
Goals --> tactics --> decisions --> consequence.
Both sides get to play by these simple rules. Both sides did. I bet both sides feel they achieved Win-Win.
/rant
Consider reading Rand's "Atlas Shrugged." It's really long, so maybe just the Cliff's Notes?
So, Apple continues screwing the taxpayers/counties/states etc. Good for Apple. Bad for everyone else. I guess 9.8% tax rate was too high for Apple.
BTW, could you provide a link to the information that proves that proves NYT wrong?
Come on, people! Are we really going to have Round Two of the Bleeding Hearts Society telling us all that Apple should be giving away more money "because they can afford to?"
The statistics ls always meaningless for those who can't understand it. NYT reported Apple tax numbers as percentage of their income (profits) not revenue. Exact quote: "As it stands, the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent." As percentage of their revenue the number would be close to 0%.
I think you are confusing charity with tax evasion?
Yes that article to which Apple responded by claiming that they created more than 500K jobs in USA and not even trying to deny any of the article claims. The entity that needs those jobs the most is Apple themselves. Every single employer in USA does exactly that - brings jobs. But not all of them get the incentives. And Apple is the last company in USA that needs the incentives.
BTW, could you provide a link to the information that proves that proves NYT wrong?
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It is. What is unreasonable is to give Apple incentives to create those jobs in a situation when Apple is the one who needs those jobs the most.
Though I am in neither of those jobs, and I make more, and I graduated from college, I find that attitude absolutely insulting.
Some of those people are lazy and deserve to paid as such, but a lot of those people are doing their damnedest and working their asses off to provide for themselves and their family.
What about it. I did my job there. I warned people. Those who listened were lucky. Last time I checked AAPL was at $585 today. Just like I said it would. Speculators tried to pump it up but failed. I hope you sold your shares upon my advice.Hey buddy, how you doing? I was really worried about you when you didn't return to the Apple earnings thread. You remember that thread?
Really? Apple are doing the local area a favour by creating jobs? No, Apple are creating jobs because of a business need, not good will.
here's the response from forbes to the NYT article:
http://www.forbes.com/sites/timwors...-9-8-tax-rate-new-york-times-ignorance-again/
and here is the original article discrediting where the NYT got there information:
http://www.forbes.com/sites/timwors...9-8-tax-rate-entirely-mind-gargling-nonsense/
Sure, Apple is creating jobs out of a business need. But they can create those jobs anywhere they want. They don't HAVE to create them in Texas. Many other states would be happy to have the jobs within their borders. If Texas didn't give them what they wanted, they'd go somewhere else. Whether or not you like it, this is the way businesses run. It's not Apple's fault; their job as a corporation is to earn money. That involves doing everything they legally can to spend less and earn more. Every other big corporation does it, too. Blame it on the laws on this country, not on the companies that are following them.
11 bucks an hour. People at In n Out flipping burgers start at 10.
States must delegate more powers to Federal government.
You are simply wrong. The Forbes flat tax plan and even the Ryan budget already passed in the house, reduces marginal rates but substantially reduces deductions. That increases the net cash payments of the very richest (top 20% not merely top 1%), and provides more net revenue to the government which is mandated to be applied to deficits and debt, not new spending.Obviously mister Forbes is very concerned that people may demand that he and those like him paid more in taxes.
Just quoting a comment from the replies to this BS: "What author doesnt say is that removing one quarterly payment and adding in the other will make little if any difference to the 9.8% tax rate paid."
So, it's not 9.8% but, say, 12%. Obviously mister Forbes is very concerned that people may demand that he and those like him paid more in taxes.
$11 an hour? I was making more when I was 19. That is pathetic.
Apple shouldn't require tax incentives.. they have enough money without leaching off tax payers.
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Apple shouldn't require tax incentives.. they have enough money without leaching off tax payers.
BTW - it isn't being anti apple, its being realistic.. they have more money than god at the moment. They don't need incentives, just use their own hoard of money.
Average pay of $35,000? Low paying jobs.. sure it'll help the local economy. But ultimately, its like Apple ( or any other company ) have the attitude that they are doing the local area a favour by creating new jobs.
As shown in the links that I provided, Apple's tax rate was 24.2% from FY2011. This information isn't hard to find.
http://investing.money.msn.com/investments/financial-statements?symbol=AAPL
Apparently you totally misunderstood what Apple is actually doing. 24% might be the tax rate for Apple Corporation. The problem is that most of Apple profits legally go to its subsidiaries not the Apple Inc registered in California. Yes, they paid 24% on 10% of their profits and 5% on the rest of them. Where could I get such a sweet deal?
I am not surprised about so much confusion. Life proves again and again that most Apple fans are not that bright. Otherwise they would not buy overpriced under-performing Apple products in a first place.