Apple SVP of Technologies Bob Mansfield Cashes in Over $20 Million in Stock [PRSI]

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Nov 29, 2012.

  1. BlazednSleepy macrumors 6502a

    Apr 15, 2012
  2. miketcool macrumors 6502a


    Jun 24, 2003
    Cash them in before tax increases beginning next year in California and the US.
  3. 1080p macrumors 68030


    Mar 17, 2010
    Planet Earth
    Good thing Obama was reelected! [/SARCASM]

    All we need is to keep punishing those who took up America's legendary offer of "Freedom, and "Land of Opportunity."

    "Come work are, excel at what you do, rise to the top and prosper!"

    Now it's "How dare you make more money than everyone else! You need to contribute MORE!"

    Makes me sick!
  4. bmunge macrumors 6502

    Mar 7, 2012
    It makes me more sick that people reduce the economic situation we are in down to a Fox News talking point.
  5. MacDav macrumors 65816


    Mar 24, 2004
    Annual Xmas shopping.


    Get used to it...:cool: At least for 4 more years.
  6. Plutonius macrumors 604


    Feb 22, 2003
    New Hampshire, USA
    Yep, the smart people are getting out now.
  7. applesith macrumors 68030


    Jun 11, 2007
    Yes because there are poor areas in the world no one should be rich anywhere else...


    Lots of wealth will be leaving the US soon before it's confiscated.
  8. MacDav macrumors 65816


    Mar 24, 2004
    California sucks. If you make $44,000 per year you're taxed at the same rate as someone making $900,000 per year. Same bracket. 9.3% :rolleyes:
  9. Ahheck01 macrumors 6502

    Aug 7, 2006
    It makes me more sick that people see a logical conservative viewpoint, and rather than offering an intelligent argument as to why they disagree, they say "Fox News would say that, so it's clearly not valid!"
  10. palmerc2 macrumors 68000


    Feb 29, 2008
    Los Angeles
    I agree 100%
    I just can't believe the bitterness and victimhood of some people. Because someone is doing well, they have to punish them.

    But, I digress, that's a WHOLE different topic.

    I feel great for Bob, I hope I can get there one day myself with hard work and dedication!
  11. akrantz macrumors member

    Oct 24, 2008
    I would hardly call the post he was replying to a "logical conservative viewpoint". Leading with sarcasm (by his own admission) is rarely ever a great way to be taken seriously. Your failure to recognize that just comes across as being angry and defeated, not rational. That being said, I have trouble understanding who would expect to be taken seriously when they are using technology forums as a place to espouse their political beliefs? Surely there are more appropriate places to find an educated debate if that's what you are after. No?
  12. turtlez macrumors 6502a


    Jun 17, 2012
    @ political argument. You guys will never win over each other because it is a state of mind. Some people would jump off a cliff for money and some would live life. Just let the people die for money (too bad they kill off the environment as well:( ) and let the earth repair lol
  13. applesith macrumors 68030


    Jun 11, 2007
    Take a look in the political section of MR boards for de-railed liberals who live there 24/7.
  14. JayJayAbels macrumors 6502


    May 15, 2012
    Don't even get me started on Conservatives...

    No one on this forum is in the top 2%. You're all living off a patently false promise of "wealth" and "riches" so long as you work hard. Garbage.

    And that's how they keep you hooked.

    "One day YOU will be this rich and you don't want Uncle Sam taxing you do ya?"

    ^ No... in fact... you won't be that rich.

    And if you are... you pay back into the system that got you there.

  15. Ironduke Suspended


    Nov 12, 2006
  16. ChrisA macrumors G4

    Jan 5, 2006
    Redondo Beach, California
    Apple makes money in the US because..
    1) We have good public education
    2) We enforce the law and have a court system
    3) We spend $1T a year to gard "our" oil supplies
    4) We have transportation infra structure
    andso on and so on.

    It the above were not true then Apple would pick up and move to (say) Mexico in a minute. They stay here because they need the government services they can't get in other places. One could argue that the rich use FAR MORE government service than the poor.

    What poor guy needs to find and hire 20,000 engineers. No one finds 20,000 engineers unless they liv in a place with good education. What poor guy eeds a Coast Gard to keep pirate away from his cargo ships?
  17. RichardI macrumors 6502a


    Feb 21, 2007
    Southern Ontario, Canada
    So you must be a liberal then? If that's the case you shouldn't care about this topic or any other, right? Tax and spend, tax and spend.....etc. After all "the universe will unfold as it should." Right?
    Lighten up and have another of whatever it is you're having.

  18. iMikeT macrumors 68020

    Jul 8, 2006

    There is no sound logic behind conservative viewpoints.
  19. mattwolfmatt macrumors 65816


    Jun 7, 2008
  20. DavidLeblond macrumors 68020


    Jan 6, 2004
    Raleigh, NC
    Asking people to contribute more is not the same as vilifying them. I'm sorry, it's just not.
  21. derek4484 macrumors 6502

    Apr 29, 2010
    Same here

    I can't speak to all states, but it's the same here in S.C. Our top bracket is 7% and it starts at $12,000 per year income. So, anybody basically not in poverty pays the same income tax rate.
  22. MacSince'85 macrumors member

    Oct 29, 2012
    Too late for that!

    In case no one noticed, the CA tax increase that was just voted into law is retroactive to the beginning of 2012 :eek:
  23. tgara, Nov 30, 2012
    Last edited: Nov 30, 2012

    tgara macrumors 6502a


    Jul 17, 2012
    Connecticut, USA
    Except American history, basic economics, and basic human nature -- all the things that our well-intentioned Liberal friends either have forgotten or never knew in the first place.

    Mansfield is doing what many wealthy people have been doing since the election -- moving assets around now to avoid higher tax liabilities next year. The odds are that taxes will be going up next year, at least for Mansfield, unless Congress and the President kick the can down the road for another year or two. From an asset management point of view, selling portions of his stock now makes perfect sense, rather than have it subject to higher taxes next year.

    What baffles me is why Apple (or anyone else for that matter) remains in California. According to the WSJ, it's the worst run state in the country.

    Thinkstock> Debt per capita: $4,008 (18th highest)
    > Budget deficit: 20.7% (17th largest)
    > Unemployment: 11.7% (2nd highest)
    > Median household income: $57,287 (10th highest)
    > Pct. below poverty line: 16.6% (18th highest)

    California is 24/7 Wall St.’s “Worst Run State” for the second year in a row. Due to high levels of debt, the state’s S&P credit rating is the worst of all states, while its Moody’s credit rating is the second-worst. Much of California’s fiscal woes involve the economic downturn. Home prices plunged by 33.6% between 2006 and 2011, worse than all states except for three. The state’s foreclosure rate and unemployment rate were the third- and second-highest in the country, respectively. But efforts to get finances on track are moving forward. State voters passed a ballot initiative to raise sales taxes as well as income taxes for people who make at least $250,000 a year. While median income is the 10th-highest in the country, the state also has one of the highest tax burdens on income. According to the Tax Foundation, the state also has the third-worst business tax climate in the country.

    The California Dream is dead. The liberals killed it.
  24. spyguy10709 macrumors 6502a


    Apr 5, 2010
    One Infinite Loop, Cupertino CA
    Oh really? No one is in the top 2%? If you make more than 200K per year (which is a comfortable - not luxury living in manhattan) you are in the top 2%. Which is bull.

    EVERYONE should pay the same tax rate - you shouldn't pay more if you worked hard and became successful. And I say this as a very liberal, not 2%, new yorker.

    You raise rates on the successful, and they pull a Mitt Romney - and take all their money overseas. It's not beneficial to raise rates on them, because they'll just stop spending their money here.

    Also increasing PAYROLL taxes obama? WTF??? You're making it MORE expensive to hire people? Are you RETARDED?


    That's about the worst argument I've ever heard. Barely valid.

    What rich guy has all of his living expenses paid by the government because he dropped out of high school to do drugs?

    What rich guy is on Food Stamps because he can, even though his family makes 100K per year.

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