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> I also hate large companies avoiding and shirking tax and leaving it to people to pay - I really hate that. Apple, Amazon etc etc all guilty of this The meth

> I also hate large companies avoiding and shirking tax and leaving it to people to pay - I really hate that. Apple, Amazon etc etc all guilty of this The method by which most of these companies avoid paying taxes does more to help their local and state communities than is appreciated. It's profits that are taxed and they reduce profits by reinvesting those profits. Reinvesting profits results in more jobs. More jobs allow those that are employed as a result to put food on the the table for their family and a roof over their heads. It also allows those people to pay local, state and federal taxes and participate in those communities. As a member of the communities where these companies operate, I'm happy that they do what they do to reduce federal taxes because much of what would have been federal taxes ends up in state and local coffers and increases employment opportunities for my neighbors and friends.

nemo 7y ago
>It's profits that are taxed and they reduce profits by reinvesting those profits. What percent of Apple's profits are reinvested in California?
andrewstuart 7y ago
There's any number of words that are used to rationalise companies paying little or no tax. I'm not interested in any of those words. It's a fair system if corporations are paying tax contributions proportional to their profit as reported to the stockmarkets. Anything else is just rationalisations and excuses. Citizens pay the money - companies should too.
- blaser-waffle 7y ago
  Oh ho and remember -- companies ARE people now, at least with regards to political donations. If corps have people-ish rights then they absolutely have people-like obligations. Instead they're getting to have their cake and eat it.
gamblor956 7y ago
Reinvesting profits results in more jobs. This would be true, if companies actually did this when confronted with lower tax bills. However, with rare exceptions (like Amazon), companies haven't done this in decades. I'm happy that they do what they do to reduce federal taxes because much of what would have been federal taxes ends up in state and local coffers and increases employment opportunities for my neighbors and friends. Corporations also skip out on state and local taxes. In fact they probably skip out on a larger % of their SALT taxes than they do their federal taxes.

nemo 7y ago

>It's profits that are taxed and they reduce profits by reinvesting those profits. What percent of Apple's profits are reinvested in California?

andrewstuart 7y ago

There's any number of words that are used to rationalise companies paying little or no tax. I'm not interested in any of those words. It's a fair system if corporations are paying tax contributions proportional to their profit as reported to the stockmarkets. Anything else is just rationalisations and excuses. Citizens pay the money - companies should too.

blaser-waffle 7y ago
Oh ho and remember -- companies ARE people now, at least with regards to political donations. If corps have people-ish rights then they absolutely have people-like obligations. Instead they're getting to have their cake and eat it.

gamblor956 7y ago

Reinvesting profits results in more jobs. This would be true, if companies actually did this when confronted with lower tax bills. However, with rare exceptions (like Amazon), companies haven't done this in decades. I'm happy that they do what they do to reduce federal taxes because much of what would have been federal taxes ends up in state and local coffers and increases employment opportunities for my neighbors and friends. Corporations also skip out on state and local taxes. In fact they probably skip out on a larger % of their SALT taxes than they do their federal taxes.