FDX - Significant Cuts to ANC Operations?
05-21-2013, 10:32 AM
#52
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Joined APC: Feb 2008
Posts: 689
Looks like Apple has paid basically zero taxes as well. Only around $44 billion. Must be nice.
http://online.wsj.com/article/SB1000...LEFTTopStories
http://online.wsj.com/article/SB1000...LEFTTopStories
05-21-2013, 11:08 AM
#53
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Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Originally Posted by MeXC
Looks like Apple has paid basically zero taxes as well. Only around $44 billion. Must be nice.
Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds - WSJ.com
Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds - WSJ.com
Apple Inc | Influence Explorer: Campaign Finance, Lobbying, Regulations, Federal Spending, EPA Violations and Advisory Committees
05-21-2013, 07:51 PM
#54
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Joined APC: Mar 2012
Posts: 181
This just amazes me.
Originally Posted by MeXC
Looks like Apple has paid basically zero taxes as well. Only around $44 billion. Must be nice.
Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds - WSJ.com
Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds - WSJ.com
And to think I thought this thread was about ANC Ops
05-22-2013, 07:41 PM
#55
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Joined APC: Sep 2007
Posts: 355
Originally Posted by 3pointlanding
Wrong. The US has THE highest corporate tax rate in the world.
Corporate Tax by Country | Global Finance
America’s corporate tax rate is statutorily one of the highest in the world, however few corporations actually pay the statutory rate.
U.S. corporate taxes that were actually paid (the effective rate) fell to a 40 year low of 12.1 percent in fiscal year 2011 according to the CBO (Congressional Budget Office), despite corporate profits rebounding to their pre-Great Recession heights. The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.
In fact, even as profits for American corporations hit a 60-year high in 2011, their effective tax rate hit a 40-year low, and the U.S. collects less in taxes as a percent of the total economy than every industrialized country in the world save Iceland.
It’s been 45 years since corporations paid the full top tax rate, and 26 American companies avoided taxation altogether over the past four years.
So the mantra that the corporate tax is "job killing" is bunk.
There's more to the story than the faux news bite.
05-22-2013, 08:04 PM
#56
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Joined APC: Mar 2012
Posts: 181
What's your point?
Originally Posted by olly
The highest statutory tax rates in 2011 were found in the United Arab Emirates—at 55%; Japan—with a 40.69% tax rate; the United States – at 40%; Honduras, Malta, Pakistan, Sri Lanka, Sudan and Zambia —all tied at 35%. But in early 2012, Japan lowered its rate to 38.01%.
Corporate Tax by Country | Global Finance
America’s corporate tax rate is statutorily one of the highest in the world, however few corporations actually pay the statutory rate.
U.S. corporate taxes that were actually paid (the effective rate) fell to a 40 year low of 12.1 percent in fiscal year 2011 according to the CBO (Congressional Budget Office), despite corporate profits rebounding to their pre-Great Recession heights. The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.
In fact, even as profits for American corporations hit a 60-year high in 2011, their effective tax rate hit a 40-year low, and the U.S. collects less in taxes as a percent of the total economy than every industrialized country in the world save Iceland.
It’s been 45 years since corporations paid the full top tax rate, and 26 American companies avoided taxation altogether over the past four years.
So the mantra that the corporate tax is "job killing" is bunk.
There's more to the story than the faux news bite.
Corporate Tax by Country | Global Finance
America’s corporate tax rate is statutorily one of the highest in the world, however few corporations actually pay the statutory rate.
U.S. corporate taxes that were actually paid (the effective rate) fell to a 40 year low of 12.1 percent in fiscal year 2011 according to the CBO (Congressional Budget Office), despite corporate profits rebounding to their pre-Great Recession heights. The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.
In fact, even as profits for American corporations hit a 60-year high in 2011, their effective tax rate hit a 40-year low, and the U.S. collects less in taxes as a percent of the total economy than every industrialized country in the world save Iceland.
It’s been 45 years since corporations paid the full top tax rate, and 26 American companies avoided taxation altogether over the past four years.
So the mantra that the corporate tax is "job killing" is bunk.
There's more to the story than the faux news bite.
05-22-2013, 08:15 PM
#57
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Joined APC: Jan 2007
Posts: 1,196
I hope the actual corporate tax rate continues to go down. In fact, I hope the finance managers at Fedex figure out how to reduce taxes paid by Fedex to less than zero. Throwing more earned income (corporate or personal) at our incredibly inefficient government will not keep any of us employed. You don't have to look any farther than the Post Office to see why money in Fred's pocket is better than feeding it to the lying, partisan hacks in the IRS. Corporations make money. Government burns it. Corporations sign my paycheck. The Government bleeds my paycheck. I know who has a greater positive impact on my life. It isn't the a$$ clowns in Washington, D.C.
05-23-2013, 05:22 PM
#58
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Joined APC: Aug 2007
Position: MD-11 FO
Posts: 608
Originally Posted by Rock
I hope the actual corporate tax rate continues to go down. In fact, I hope the finance managers at Fedex figure out how to reduce taxes paid by Fedex to less than zero. Throwing more earned income (corporate or personal) at our incredibly inefficient government will not keep any of us employed. You don't have to look any farther than the Post Office to see why money in Fred's pocket is better than feeding it to the lying, partisan hacks in the IRS. Corporations make money. Government burns it. Corporations sign my paycheck. The Government bleeds my paycheck. I know who has a greater positive impact on my life. It isn't the a$$ clowns in Washington, D.C.
05-23-2013, 06:14 PM
#59
On Reserve
Joined APC: Feb 2008
Position: md11 fo
Posts: 18
Originally Posted by Rock
I hope the actual corporate tax rate continues to go down. In fact, I hope the finance managers at Fedex figure out how to reduce taxes paid by Fedex to less than zero. Throwing more earned income (corporate or personal) at our incredibly inefficient government will not keep any of us employed. You don't have to look any farther than the Post Office to see why money in Fred's pocket is better than feeding it to the lying, partisan hacks in the IRS. Corporations make money. Government burns it. Corporations sign my paycheck. The Government bleeds my paycheck. I know who has a greater positive impact on my life. It isn't the a$$ clowns in Washington, D.C.
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