4 ms·

5.25% of $200 Billion is $10.5 Billion. How much in taxes does the average worker pay over their lifetime? Not to mention, this money was already taxed, just

by Alupis 6y ago

5.25% of $200 Billion is $10.5 Billion. How much in taxes does the average worker pay over their lifetime? Not to mention, this money was already taxed, just in another country where that money was earned. Seems like a good deal, to bring that money back into our economy and get it spent on goods and services domestically. "We'll allow you to bring back $185 Billion and spend it here locally, helping the entire economy, but only if you pay us $10.5 Billion!" I'd be OK with zero tax on this money. Get it flowing back into the economy where it can do real good things. The US Government isn't going to miss $10.5 Billion at the rate we're already giving it away to people. The alternative is what we have already. Everyone loses; no one gets any piece of that money in the US.

hpen 6y ago
"How much in taxes does the average worker pay over their lifetime?" How much does the average worker make over their lifetime? Not fucking 200Bn
- Alupis 6y ago
  So the question becomes, do you want $200 Billion or zero? Right now, we get zero, and I'm pretty sure we wouldn't be able to come up with some way to compel them to give us a sinlge penny of it.
  - hpen 6y ago
    Do you mean 10 Billion or zero?
    - Alupis 6y ago
      If people can be ok getting a small piece, sure. But, from the looks of it, many are unhappy with that amount, let alone something like 20%.
      - skinnymuch 6y ago
        $200B is the full amount. Not 20%. The OP said do you mean $10B because of it being 5% of $200B
        Alupis 6y ago
        Apple will spend the $200 Billion here domestically, if they can bring the money home. I'm not, personally, very concerned with giving another $10 Billion to the US Government. It's a small amount in the scheme of things. However, getting $200 Billion injected into the local economy would have a profound effect.
        hpen 6y ago
        You're too optimistic that the money will be injected in the local economy. Apple clearly doesn't know what to do with all of it
        Alupis 6y ago
        Perhaps. The bigger point was, getting Apple to spend the money here in the US has far more benefits than holding out for an inconsequential amount of one-time tax revenue. Cutting off your nose to spite your face, sort of thing.

by Alupis 6y ago

hpen 6y ago

"How much in taxes does the average worker pay over their lifetime?" How much does the average worker make over their lifetime? Not fucking 200Bn

Alupis 6y ago
So the question becomes, do you want $200 Billion or zero? Right now, we get zero, and I'm pretty sure we wouldn't be able to come up with some way to compel them to give us a sinlge penny of it.
- hpen 6y ago
  Do you mean 10 Billion or zero?
  - Alupis 6y ago
    If people can be ok getting a small piece, sure. But, from the looks of it, many are unhappy with that amount, let alone something like 20%.
    - skinnymuch 6y ago
      $200B is the full amount. Not 20%. The OP said do you mean $10B because of it being 5% of $200B
      - Alupis 6y ago
        Apple will spend the $200 Billion here domestically, if they can bring the money home. I'm not, personally, very concerned with giving another $10 Billion to the US Government. It's a small amount in the scheme of things. However, getting $200 Billion injected into the local economy would have a profound effect.
        hpen 6y ago
        You're too optimistic that the money will be injected in the local economy. Apple clearly doesn't know what to do with all of it
        Alupis 6y ago
        Perhaps. The bigger point was, getting Apple to spend the money here in the US has far more benefits than holding out for an inconsequential amount of one-time tax revenue. Cutting off your nose to spite your face, sort of thing.