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by temphn
5167 days ago
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Exactly. And this extends down to the personal level. Elizabeth Warren, a millionaire Senatorial candidate who supports the Buffet Rule, nevertheless did not voluntary pay a higher tax rate: http://www.realclearpolitics.com/articles/2012/04/20/warren_... I think a number of people reading the article have the tacit impression that if the government taxed the money from Apple, that they would somehow benefit to a greater extent. But given that the US Government spends $11.5 billion more per day[1] than it receives in taxes, even seizing all of Apple's worldwide profits would just be a drop in the bucket. A separate question is why the New York Times has declared war on Apple. It looks like with the departure of Steve Jobs, the Times has started to treat Apple with the hostility normally reserved for Exxon, what with this article and the iEconomy series of articles. It would be interesting for a large technology company to turn the lens on many of the Times' own abusive practices, or the Times journalists' entitlement complex. It would be particularly interesting to look at the tax status of the pensions[2] which rather well-paid reporters like Charles Duhigg and David Kocienewski wish to keep receiving. [1] http://www.cbo.gov/sites/default/files/cbofiles/attachments/... [2] http://www.huffingtonpost.com/2012/04/19/new-york-times-vide... |
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What about the net effect of the government going after every company that does this?
> Exactly. And this extends down to the personal level. Elizabeth Warren, a millionaire Senatorial candidate who supports the Buffet Rule, nevertheless did not voluntary pay a higher tax rate:
I think it is entirely consistent and rational to support a rule for higher taxation while still striving to pay the minimum required amount.