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Thread: Bill Clinton Endorses Obama for the Presidency.....

  1. #21
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    Quote Originally Posted by ramone View Post
    Whoa there, if we as average people can't file against the government just how the hell can a state file bankruptcy against the fed?

    Not that have filed for so.....but they have actually been talking about it.

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    Professor Peabody's Avatar Senior Member
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    Quote Originally Posted by dadakarma View Post
    More like deliberately dodged.

    Apple Used Low-Tax States, Foreign Tax Havens To Dodge $2.4 Billion In Taxes Last Year
    Sales of iPhones, iPads, and iPods have made Apple the world’s most profitable technology company — its stock price is hovering around $600 a share, and it is now larger than the rest of the American retail market by itself. Apple often boasts about the number of jobs it has created in the United States; according to its own estimates, the company is responsible for a half-million American jobs.

    What Apple hasn’t told Americans, though, is that an intricate financial set up utilizing low-tax states in the U.S. and offshore tax havens has allowed it to skirt billions of dollars in American taxes over the last decade. By setting up financial offices in states like Nevada — which has no income tax — and routing other profits through Ireland, Luxembourg, and nations in the Caribbean, Apple avoided an estimated $2.4 billion in American taxes in 2011 alone, the New York Times reports:

    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. [...]

    Apple was a pioneer of an accounting technique known as the “Double Irish With a Dutch Sandwich,” which reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean
    . [...]

    Without such tactics, Apple’s federal tax bill in the United States most likely would have been $2.4 billion higher last year
    , according to a recent study by a former Treasury Department economist, Martin A. Sullivan.

    The rest:

    http://thinkprogress.org/economy/201...e-tax-dodging/



    They wouldn't do that Al Gore is on their board of directors.

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    coolwalker's Avatar Senior Member
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    ...and someone expected Clinton to endorse Romney? This isn't even news...what IS news is the poor showing Obama had in Clinton's state.



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    Smartmouthwoman's Avatar Senior Member
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    Obama/Clinton ticket?

    Michelle's Mirror is one of my fav white house insider sites... and she's hinting all this attention from Bill might be preceeding an announcement that Hillary will be taking Biden's place as VP.

    The mere thought sends shivers up my spine... not because I hate Hillary, but I'm afraid it might give Barack the edge he needs to actually win.

    Check out the latest fundraiser... are they getting desperate or what???



    Read the scoop here.


    Ole Slick Willie may not be thru with us yet.



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