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Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and surprised experts, a Congressional investigation has found.
what has been outlined in these reports sounds an awful lot like money laundering on a grand scale.
When I read about "its not fair", "the middle class will have to pay more", etc. I can't help but think it smacks of middle class hypocrisy. Once deductions are accounted for a middle income spectrum family of four in the USA pays an effective Federal income tax rate of 5.3%.
Then they all will leave.
Problem isn't taxation. Problem is spending.
The tax avoidance they're complaining about is not illegal according to the laws THEY created.
Fear mongering BS. Isn't America the greatest country in the world? Why would they leave such a country? Again just my opinion and I don't wish to debate this.
I agree something needs to be done, but it needs to be fair. It's bad enough that everything is getting outsourced, now I fear we'll lose entire companies.
(2) Offer them tax incentives to manufacture in or move operations to the US and provide US jobs
Middle class hypocrisy? Gimme a break. It's not like the middle class has anything to do with the structure of Americas tax system so how are they being hypocritical?
If what you are saying is true then it means the poorest americans are paying more than their fair share of tax, and from everything I've read that is exactly the case. And that's not just hypocritical it is obscene, but that's just my opinion.
Close to half of all Americans pay no federal income taxes.
The very poorest Americans pay no federal income tax at all - they actually get money via the earned income credit.
I know that my town had a lot of good businesses once, and then we got greedy and tried to tax them more and more, so they left for a different town a few states over. That town didn't want to tax them much at all, they just wanted the jobs it would provide.
To be fair, we'd have to tax Apple pretty hard for them to leave...
The solution is not that as complex as politicians try to make it sound...