That is complete nonsense, pushed by businesses who find it costs less over the longer term to import labor. If you look into unemployment numbers in those fields, there isn't some enormous deficit of workers. Don't buy into ********.
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Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America
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That is complete nonsense, pushed by businesses who find it costs less over the longer term to import labor. If you look into unemployment numbers in those fields, there isn't some enormous deficit of workers. Don't buy into ********.
And those jobs are not coming back no matter what people like Trump claim, we have to figure out a way to make the economy work without those jobs.
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We have tried Obama's way. These out of work middle class workers voted for Obama twice. It didn't change anything. They feel the need to try something else. Trump may be offering lip service but he seems to making the effort.
I do know one thing. Our current policies with taxes and trade deals have exasperated the problem.
$13B in taxes in 2015.
http://www.forbes.com/sites/christo...nd-what-washington-spends-it-on/#7ed1b4565a33
"The profit leader was Apple, which forked over nearly $13 billion in taxes on $68 billion in gross profits, according to its 2015 cash flow statement. That’s up from $10 billion in cash taxes paid in 2014. Warren Buffett’s Berkshire paid about $4.5 billion in taxes, while ExxonMobil paid about $7.3 billion, down from $18 billion in 2014 (when oil prices were higher)."
Apple was #2 in 2014 below. But #1 in 2015. Data isn't in for 2016 yet.
Why the LOL? I thought this was common knowledge.
I recall very well my employer bringing in a ton of H1B workers from India, and even opening an Indian design center, despite the fact that we had plenty of American applicants for our jobs designing microprocessors. Presumably because Americans demand to be paid more. Pissed me off.
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$13B in taxes in 2015.
http://www.forbes.com/sites/christo...nd-what-washington-spends-it-on/#7ed1b4565a33
"The profit leader was Apple, which forked over nearly $13 billion in taxes on $68 billion in gross profits, according to its 2015 cash flow statement. That’s up from $10 billion in cash taxes paid in 2014. Warren Buffett’s Berkshire paid about $4.5 billion in taxes, while ExxonMobil paid about $7.3 billion, down from $18 billion in 2014 (when oil prices were higher)."
Apple was #2 in 2014 below. But #1 in 2015. Data isn't in for 2016 yet.
Why the LOL? I thought this was common knowledge.
But the Fake News says otherwise.
that's for the US, but do you have a chart that includes the world (which was your claim of course).....it'd be interesting to see
Since US has the highest corporate tax rate and Apple is among the most profitable companies in the world, good chance apple is pretty high up on the world wide tax paying list too.
Exactly. I couldn't find the global tax payer list but Apple isn't just among the most profitable but the MOST profitable in the world.
https://www.google.com/amp/amp.usatoday.com/story/74501312/
I stand by my original statement.
that's true, productivity gains over the last 30 to 40 years have sustained manufacturers' profits but the result is that they no longer create the same number of jobs as would have been expected in the past.......any manufacturing that "returns" to the US simply isn't going to provide enough new jobs to replace the jobs that were lost when those manufacturers left in the first place
it wouldn't surprise me, but when it comes the US's "highest corporate tax rate", do the math and you'll see that Apple paid a significantly lower rate than that "highest" rate......maybe even lower than your own personal income tax rate
I'm not surprised......being the most profitable, then they should quite reasonably also be paying the most tax
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that's true, productivity gains over the last 30 to 40 years have sustained manufacturers' profits but the result is that they no longer create the same number of jobs as would have been expected in the past.......any manufacturing that "returns" to the US simply isn't going to provide enough new jobs to replace the jobs that were lost when those manufacturers left in the first place
it wouldn't surprise me, but when it comes the US's "highest corporate tax rate", do the math and you'll see that Apple paid a significantly lower rate than that "highest" rate......maybe even lower than your own personal income tax rate
I'm not surprised......being the most profitable, then they should quite reasonably also be paying the most tax
Their effective rate was certainly lower than mine, but still higher than they would have paid in other countries.
The jobs may not all come back but why not make an effort instead of making things worse. What should we do with the millions of unemployed workers?that's true, productivity gains over the last 30 to 40 years have sustained manufacturers' profits but the result is that they no longer create the same number of jobs as would have been expected in the past.......any manufacturing that "returns" to the US simply isn't going to provide enough new jobs to replace the jobs that were lost when those manufacturers left in the first place
it wouldn't surprise me, but when it comes the US's "highest corporate tax rate", do the math and you'll see that Apple paid a significantly lower rate than that "highest" rate......maybe even lower than your own personal income tax rate
The effective tax rate is less than it should be because of legal loopholes that Congress has already put in place by lobbying from large corporations.
Apple paid an effective tax of 30%. More than most.
If Trump has is way and lowers the statutory rate but removes these loopholes, the effective rate could actually go up.
Tim Cook said as much to Congress.
Apple disputes that.
But in any case apple claims it's foreign effective tax rate is around 6.5%.
Unfortunately it's part of the problem that could frustrate any attempt to get companies like Apple to return manufacturing to the US in any significant way.
as you said;
In many cases, it's tax policy that has provided the incentive for manufacturers to go overseas in the first place.
Exactly. If Trump lowers the corporate tax rate to 10% or 15%, that money would come rushing back here. Is it too late to bring manufacturing back? I don't know but I appreciate the effort. I'm sure it will have some positive impact to the US economy. We're talking over $2T parked overseas!
It's disgusting. They're also the only ones trying to pass laws that are explicitly racist, calling them "Affirmative Action." I understand that the goal is to put non-White people in higher positions, but it doesn't really work and creates nasty conflicts. Meanwhile, certain minorities (i.e. Indians and eastern Asians), who are usually hurt by these rules, have risen above Whites in many areas like average income. And many of them also have disadvantages like the language barrier because they're immigrants.
The manufacturing jobs in China are likely not the level of the service (sales and genius positions) in Apple stores. They are vocational preparation jobs (there is a process and a number of steps and following those steps get the job done -- very structured situation) and will probably be automated in the near future as have such jobs in the USA. For Trump to say he's going to return manufacturing to the USA when both costs and technology suggest otherwise show his naivety in the USA manufacturing world.
What's your solution? I notice Tesla has no problem manufacturing in the US and employing thousands of workers.
Tesla has manufacturing jobs.
https://www.tesla.com/careers/search#/?department=4®ion=4
Tesla has manufacturing jobs.
https://www.tesla.com/careers/search#/?department=4®ion=4
Interesting - however these are not vocational/high school level education type jobs that anyone can do
Here are their job listings for the gigafactory in Reno. Plenty of jobs for high school grads and vocational. And this is one of the most automated factories ever built.
http://www.rgj.com/story/money/reno...list-description-requirements-apply/71135096/
A few more jobs in the US, is better than 300 000 jobs in China.
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The iWall would probably be too thin for a headphone jack