New Republic Whines About Apple and Taxes
24th May 2013
As that piece reported, Apple not only does its utmost to avoid paying federal taxes in the U.S., but also to minimize its taxes at the state and local level.
How evil. As if this asshole leftist writer doesn’t do the exact same thing whenever he gets a chance.
One favorite trick: Nevada. The Times: “With a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states. Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains. California’s corporate tax rate is 8.84 percent. Nevada’s? Zero.”
Hint: Maybe if California’s tax rate were like Nevada’s, Apple would stay there. Why does Nevada have a zero corporate tax rate? Well, perhaps because they figure that they make enough off of people fleeing California that they don’t need it. Or perhaps they realize that corporations don’t ‘pay’ taxes, they just pass them on to consumers.
If Apple really cares about a shortage of homegrown engineering talent, then it should pay taxes to fund the institutions that could address that problem.
Like the California University system, which has gone from the best in the world to among the worst? What incentive does Apple have to throw money down that rathole? The assumption here is that the only thing needed to make America’s schools great again is more money, totally ignoring the fact that spending on these very same schools has expanded dramatically during the exact period when they starting circling the drain. Going by history, this correlation suggests that cutting funding for these schools might actually make them better. But elementary logic is a foreign subject to left-wing writers.