On the Path for Jobs and Not Even in Office Yet

[Marine Cpl]

Trump tells Tim Cook directly he wants Apple to make products in the USA, promises tax incentives

 

[Celt]

And the dow closed at over 19,000 yesterday. Never before has it been that high.

 

[Dr. Evil]

You guys are just racist.

 

[Mr. terzmo]

You guys are just racist.

Deplorables who don't hold NY values..get out !!! Heard that somewhere..............

 

[Gunright]

Apples foreign cash and other fixed investments totaled $216 Billion (with a B) as of the end of the Sept 2016 quarter. Legislation that would reduce the tax bite on repatriating that cash back to the US along with domestic investment would be a win win. Apple gets to invest/distribute that enormous stash to stock holders (like me) and the US would get some sort of combination of domestic investment and/or tax revenue. Currently the US tax rate on corporations is one of the highest in the world, that's why the wealth is staying overseas which hurts the domestic economy.

That's why the 'tax the rich' and 'tax the corporations, not people' fanatics just don't get it. Wealth and investment goes to places where the vig (taxes) is lowest. By having high corporate tax rates (which in reality are just taxes on their investors), we chase capital and investment out of the country, and end up with nothing much more than a retail/service economy (because this part of GDP can't be easily moved overseas.

 

[spat]

Apples foreign cash and other fixed investments totaled $216 Billion (with a B) as of the end of the Sept 2016 quarter. Legislation that would reduce the tax bite on repatriating that cash back to the US along with domestic investment would be a win win. Apple gets to invest/distribute that enormous stash to stock holders (like me) and the US would get some sort of combination of domestic investment and/or tax revenue. Currently the US tax rate on corporations is one of the highest in the world, that's why the wealth is staying overseas which hurts the domestic economy.

That's why the 'tax the rich' and 'tax the corporations, not people' fanatics just don't get it. Wealth and investment goes to places where the vig (taxes) is lowest. By having high corporate tax rates (which in reality are just taxes on their investors), we chase capital and investment out of the country, and end up with nothing much more than a retail/service economy (because this part of GDP can't be easily moved overseas.

You cannot tax business, not shouldn't but can't. All tax on a business is a tax on their customers that the business is acting as a collection agent for.

"The rich" (call it anyone who's primary income isn't a paycheck) can't be taxed because their wealth is mobile. Those of us in the middle class don't have mobile wealth. We can't just say "Oh, the US tax rate went up, better move my assets to Switzerland". The rich can, and there's nothing that you can do about it.

In short, you can't tax these entities, because they pass the tax on to someone else. The people clamoring for more taxes on the rich are really just calling for higher prices for the consumer and they are too stupid to see it.

 

[Saltwater60]

You cannot tax business, not shouldn't but can't. All tax on a business is a tax on their customers that the business is acting as a collection agent for.

"The rich" (call it anyone who's primary income isn't a paycheck) can't be taxed because their wealth is mobile. Those of us in the middle class don't have mobile wealth. We can't just say "Oh, the US tax rate went up, better move my assets to Switzerland". The rich can, and there's nothing that you can do about it.

In short, you can't tax these entities, because they pass the tax on to someone else. The people clamoring for more taxes on the rich are really just calling for higher prices for the consumer and they are too stupid to see it.

You sir are 100%. Also you can not tax the shot out of rich folks or they just leave the USA with there money and go somewhere else.

 

[Defilade]

Trump wants a Big Tariff on Products Coming in the U.S. Is that not a Tax?

 

[Foxtrapper]

You cannot tax business, not shouldn't but can't. All tax on a business is a tax on their customers that the business is acting as a collection agent for.

"The rich" (call it anyone who's primary income isn't a paycheck) can't be taxed because their wealth is mobile. Those of us in the middle class don't have mobile wealth. We can't just say "Oh, the US tax rate went up, better move my assets to Switzerland". The rich can, and there's nothing that you can do about it.

In short, you can't tax these entities, because they pass the tax on to someone else. The people clamoring for more taxes on the rich are really just calling for higher prices for the consumer and they are too stupid to see it.

Same thing with minimum wage, it's a starting point for a reason...

Trump wants a Big Tariff on Products Coming in the U.S. Is that not a Tax?

Not in this sense. It is more of a leveling of the playing field between companies that make products here, vs having them made somewhere else and then bringing them here to sell. China might have cheaper wages, but if the products they ship here have a higher tariff that offsets the lower wage advantage..

 

[Bananabandit]

Maybe he can get me a new one

 

[Twingy]

This sounds like appropriation of Chinese culture of making high end electronics for very low cost. Trigger alert....

 

[Rustycoins]

Same thing with minimum wage, it's a starting point for a reason...

No way brah everyone should be able to work where they want as a career for an outstanding wage and benefits, like Mcdonalds... It's just as important as doctors, burgers save people from starving.