ST Alpha - "(And that cash is probably not even here, is it.) -- nm" (Reading a Post)

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In response to "Particularly when (not to pick on) Apple has something like 150 billion in cash just sitting around." by Reagen

(And that cash is probably not even here, is it.) -- nm

Posted by JaxSean (aka JaxSean) Nov 19 '14, 07:03

just my assumption

Responses:

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
    - [deleted]
    - [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
        
        [deleted]
        
        [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
        
        [deleted]

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(And that cash is probably not even here, is it.) -- nm

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