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2013-05-21 Home Front: Politix

Rand Paul Goes Nuclear on "Spectacle" Hearing on Apple's Taxes

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Posted by tipper 2013-05-21 12:17|| || Front Page|| [11124 views ] Top

#1 ..again I'll make the point about hording financial resources that should have distributed to the shareholders. The usual hypocrisy of pols that wrote and passed favorable legislation that permitted this but now want a front stage position to denounce Apple is just showbiz [which is what Washington is for ugly people].

Posted by Procopius2k 2013-05-21 14:04|| 2013-05-21 14:04|| Front Page Top

#2 I'd agree with him and you more if I didn't suspect Apple of working to maximize _my_ taxes...

Posted by Thing From Snowy Mountain 2013-05-21 17:38|| 2013-05-21 17:38|| Front Page Top

#3
Rand Paul had the guts to stand up and give what (in my opinion) should have been Mitt Romneys first Presidential Campaign speech.

Posted by junkiron 2013-05-21 18:16|| 2013-05-21 18:16|| Front Page Top

#4 Consumption tax (pay when you buy, rich spend more so will pay more, and that includes illegal or illicit income being spent). Flat tax (pay when you have over the poverty limit - no withholding, you have to write a check every quarter, just like businesses do). End of problem.

Posted by OldSpook 2013-05-21 19:13|| 2013-05-21 19:13|| Front Page Top

#5 let me amend that - end of problem for citizens. start of employment problem for tax lawyers, IRS agents/bureaucrats, and CPAs,

Posted by OldSpook 2013-05-21 19:15|| 2013-05-21 19:15|| Front Page Top

#6 Retained earnings (hording financial resources) are in fact tightly regulated by the IRS code. Apple Inc. retained earnings statement proves Apple is well within current IRS upper and lower limits. An endless argument (beyond the scope of this article) could, and has been had, as to the costs and benifits of what those limits should be. Which ever side of the argument each investor falls will depend on his own personal time-value-of-money.

Rand Paul's most valid point is that instead of castigating corporations simply because they are profitable, an actual win - win tax solution needs to be implemented which actually gives corporations incentive to grow and invest profits inside U.S. borders instead of in foreign countrys with lower corporation taxes.

Posted by junkiron 2013-05-21 20:27|| 2013-05-21 20:27|| Front Page Top

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