<p>Soccerguy315…So…is that what Mississippi wants?</p>
<p>shorter corporate income tax links…</p>
<p>[The</a> Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | Business | TIME.com](<a href=“http://business.time.com/2012/02/06/the-corporate-tax-rate-is-at-its-lowest-in-decades-is-big-business-paying-its-fair-share/]The”>The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share? | TIME.com)</p>
<p><a href=“Contact | Tax Foundation”>Contact | Tax Foundation;
<p>There are five companies in that report that I own: Oracle, Apple, Intel, Nike, Whole Foods. They pay effective tax rates of 29.7%, 31.3%, 31.5%, 31.1%, 36.3%. I think that my companies are paying more than their fare share, especially when you consider taxes on dividends that they all pay and I’m sure that these companies have returned pretty good capital gains to investors and capital gains taxes to the IRS.</p>
<p>The problem with your report is that it happened in a time of recovery from a meltdown. Companies had losses and profits stunk. Companies probably had to do whatever they could to make things look better.</p>
<p>Don’t go shooting Apple because of some bad reporting at the NY Times. Even your own report did a better job of reporting than the NY Times did. It’s pretty amazing that most people still think that Apple pays under 10% taxes - I saw no retraction from the NYT and no discussion of their gross errors.</p>
<p>I’m not shooting Apple.</p>
<p>I forgot about how the tax rates were derived.</p>
<p>Some companies would do better under a flat tax than the system we have now…but we don’t have a flat tax, do we?</p>
<p>Why not?</p>
<p>Do you want a real flat tax…</p>
<p>No capital gain exclusions?</p>
<p>Maybe you do…we had that tax system in 1986… Didn’t last long…</p>
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<p>I am not that familiar with corporate taxes.</p>
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<p>I am not that familiar with the machinations of how corporate tax rates were developed.</p>
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<p>I would prefer that for personal taxes.</p>
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<p>I’d prefer to get rid of capital gains taxes altogether.</p>
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<p>My return is pretty simple - I take the standard deduction and have one credit that goes away next year. The main complications are foreign things and investments.</p>
<p>“My return is pretty simple - I take the standard deduction and have one credit that goes away next year. The main complications are foreign things and investments.”</p>
<p>Wow…</p>
<p>Ok…</p>
<p>You want capital gains taxed at zero?</p>
<p>:)</p>
<p>That is a problem…kind of what I am talking about. ;)</p>
<p>People want preferential treatment for certain income or expenses…which is why we don’t have a simpler tax system.</p>
<p>You want preferential capital gains tax treatments…others want health
care benefits tax free…others want home mortgage deductions…some want charitable deductions…Or tuition tax credits…or breaks on retirement savings…</p>
<p>This adds to the complexity of the tax code and higher tax rates.</p>
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<p>Don’t forget firemen too. Most of them retires on >100% of their base pay. They get paid more if they retire. Oh, then they file disability claims…more $$$.</p>
<p>Most of the people I know who have been retired in their 50’s are government employees.</p>
<p>Corporations are already taxed. Capital gains and dividends are double taxation. Not to mention the incredible waste of labor for record-keeping.</p>
<p>Preferential? Hardly. Just efficiency.</p>
<p>Labor is more than double taxed…</p>
<p>Capital gains are not necessarily double taxed…</p>
<p>Facebook bought a company for 1 billion…you probably know the company better than I do…BCEagle91.</p>
<p>The company made no income…</p>
<p>If there is a capital gain of one billion on the transaction…please explain to me how that is double taxation?</p>
<p>A family member of mine works for the state of Alabama. He retired, then went back the next day at full pay, still getting contributions to his retirement. In addition to getting his retirement pay, if I understand it right. He was quite amazed by the deal he got.</p>
<p>Back to earlier comments, wealthy people may not move out of the country, but it’s easy enough to move out of California. I know a number of highly paid individuals who would love to live in California, but choose not to because of the taxes.</p>
<p>[Do</a> voters really flee high-tax states? - The Washington Post](<a href=“http://www.washingtonpost.com/blogs/ezra-klein/post/do-voters-really-flee-high-tax-states/2012/04/19/gIQA2VVITT_blog.html]Do”>http://www.washingtonpost.com/blogs/ezra-klein/post/do-voters-really-flee-high-tax-states/2012/04/19/gIQA2VVITT_blog.html)</p>
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<p>Most people don’t have to do a lot of accounting to deal with that though.</p>
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<p>They are for me.</p>
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<p>I do not follow the company. I think that I mentioned this before but I want to see a company with a consistent track record of profits. I like to see dividends too. And I generally avoid internet companies. Facebook is something that I have no interest in.</p>
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<p>I read earlier that the company has $5B in profits.</p>
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<p>Capital gains will eventually flow from profits.</p>
<p>I am talking about the company with no income Facebook bought for 1 billion, BCEagle91.</p>
<p>I am trying to see the double taxation…</p>
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<p>I don’t know anything about Instagram other than the name.</p>
<p>Where did they get the $1 billion from? Were taxes paid on that? Will the division eventually make money?</p>
<p>I imagine Facebook hopes Instagram eventually makes money.</p>
<p>Where is the double taxation?</p>
<p>Instagram didn’t make money. Instagram did not pay income taxes.</p>
<p>Facebook came up with the billion.</p>
<p>Facebook “came up” with a billion?</p>
<p>No taxes on that billion?</p>
<p>“Many industrial countries have no taxes on capital gains including Austria, Belgium, Germany, Greece, Luxembourg, Mexico, New Zealand, Portugal, and Turkey. Countries that do not impose capital gains taxes on stocks include Argentina, China, Greece, Hong Kong, Israel, Malaysia, Mexico, the Netherlands, Pakistan, the Philippines, Poland, Singapore, Spain, Sri Lanka, Taiwan, and Thailand.”</p>
<p>[Capital</a> Gains Tax: An Argument for Repeal — The American Magazine](<a href=“http://www.american.com/archive/2009/august/capital-gains-tax-an-argument-for-repeal]Capital”>http://www.american.com/archive/2009/august/capital-gains-tax-an-argument-for-repeal)</p>
<p>I understand many countries have no taxes on capital gains…</p>
<p>[Analyzing</a> Facebook?s Financial Statements - GRPN, LNKD, P, ZNGA - Foolish Blogging Network](<a href=“Stock Investing & Stock Market Research | The Motley Fool”>Stock Investing & Stock Market Research | The Motley Fool)</p>
<p>You said capital gains are double taxation…</p>
<p>Can you tell me where Zuckerberg is double taxed on $28 billion?</p>
<p>"In some cases, the capital gains tax unfairly taxes investment gains that
may not be gains at all.
As a result, many economists refer to the capital gains tax as a “double tax.” Economist Bruce Bartlett argues that this penalizes many stockholders:</p>
<p>The fact is that capital gains arise only in the case of an income-producing asset. The value of the asset is simply the discounted present
value of the future flow of income associated with that asset (rent in the case of real estate, interest in the case of bonds, and corporate profits in the case of stocks). Thus, if the income stream (rent, interest, profits/dividends) is taxed, then any additional tax on the underlying
asset (real estate, bonds, stocks) must necessarily constitute a double tax on the same income."</p>
<p>This is all bs…</p>
<p>How much has Apple made over the years?</p>
<p>What is the market value of Aapl today?</p>
<p>If Apple’s stock reflects future earnings…and you sell Apple today…and you pay capital gains taxes…you won’t be paying income taxes on
future earnings in addition to those capital gains taxes…</p>
<p>You will be out of the stock. There will be no future income for you…no income taxes on that future income.</p>
<p>You pay income taxes based on present income…or income the year before…</p>
<p>You pay capital gains taxes based on future income…
You only pay taxes on the future once.</p>
<p>Where is the double taxation?</p>
<p>You are up too late…</p>
<p>Me too…</p>
<p>I think Facebook really offered 300mil for Instagram, and the sale is being held up by the SEC for possibly a year…</p>
<p>Thanks for the links.</p>