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7 of the top 30 US corporations paid more to their CEOs than they owed in taxes -- (link)

Posted by znufrii Nov 19 '14, 06:26

(No message)

I'm surprised it's that low, actually. (www.theguardian.com)

Responses:

[deleted] 34
- Is that really the argument? I know that it is for personal tax rates (job creators!), but I thought the argument on corporate tax is more about the - pmb Nov 19, 07:48 1
  - [deleted]
- Particularly when (not to pick on) Apple has something like 150 billion in cash just sitting around. - Reagen Nov 19, 06:35 31
  - (And that cash is probably not even here, is it.) -- nm - JaxSean Nov 19, 07:03 22
    - No, it's overseas. They'll pay 35% in tax if they bring it back. -- nm - spamlet Nov 19, 07:23 21
      - [deleted] 20
        
        why won't they? -- nm - groiny Nov 19, 07:38 19
        
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        [deleted] 17
        
        It's not about effective tax rate, it's about marginal rate. - spamlet Nov 19, 08:01 16
        
        [deleted] 10
        
        There has been one repatriation holiday and companies did bring back a lot of money when the rate was 5% instead of 35%. -- nm - spamlet Nov 19, 08:11 9
        
        [deleted] 8
        
        Understood, but there was more tax revenue. That has value on its own. -- nm - pmb Nov 19, 08:17 5
        
        [deleted] 4
        
        I was mostly explaining yesterday, but as always I do care about fairness, but also practicality and effectiveness. - pmb Nov 19, 08:29 2
        
        [deleted] 1
        
        First, I understand that it's not 35% of nothing (but in many cases it is or is close). My point is that if we can effectively get more revenue for a - pmb Nov 19, 08:48
        
        a pragmatic " better than nothing ". -- nm - Reagen Nov 19, 08:27
        
        The argument in your IM was that companies would not bring money back when the rate was lowered. They did and would. -- (link) - spamlet Nov 19, 08:16 1
        
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        [deleted] 4
        
        But they would pay 50% (in your example) on bringing the cash back. That's the effective tax rate on bringing the money back. -- nm - spamlet Nov 19, 08:10 3
        
        [deleted] 2
        
        $50 in tax on $100 in income is a 50% rate. -- nm - spamlet Nov 19, 08:15 1
        
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  - We need an "idle assets" tax. -- nm - TWuG Nov 19, 06:59
  - Apple should spend some of that money on R&D instead of pumping out stale tech. -- nm - Shaun Nov 19, 06:40 2
    - If they thought it would be more profitable than their current business model, they'd be doing it. -- nm - Roger More Nov 19, 06:43
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  - [deleted] 3
    - the bigger mistake may be in assuming that people making this argument are arguing in good faith - Reagen Nov 19, 06:49 1
      - [deleted]
    - yeah, we know! :) -- nm - the choir Nov 19, 06:39
also, if you're going to write an article about a study, it might be useful to your readers to have a link to that study. - znufrii Nov 19, 06:27
^Only -- nm - DaneDukeNuuk Nov 19, 06:27

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