Apple Inc

[Jim in CT]

Apple is giving its employees a $2,500 bonus
bringing $250 billion in cash that is currently overseas, back to the US
paying $38 billion in taxes on that cash
investing $30 billion in the US to create 20,000 jobs
matching employee charitable donations 2-to-1

not bad.

And Nancy Pelosi calls all these bonuses, raises, and new jobs...pathetic crumbs. Atta girl. Where'd they find her anyway, Scotland Yard?

[Slipknot]

They could use those funds to pay for defrauding customers into upgrading phones because they manipulated battery life and slowing the speed down with their updates. Pisses me off spending money I did not need to spend. screw apple

[Nebe]

It’s one of the few thing she I have seen our government do in recent times that I agree with. I’m sure those $2500 bonuses will just go into the stock market or pay off some sort of personal debts. Saying it will be returned back to the “economy” is a stretch. Just let the economy do it’s own thing and it will....
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[scottw]

Originally Posted by Nebe

I’m sure those $2500 bonuses will just go into the stock market or pay off some sort of personal debts. Saying it will be returned back to the “economy” is a stretch.

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clairvoyance...

[scottw]

Originally Posted by Nebe

Just let the economy do it’s own thing and it will....

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thanks Yogi....

[Got Stripers]

Phones are so fing expensive, what a fing racket, why do I need a GD computer in my pocket I have one on my desk?

[Jim in CT]

Originally Posted by Nebe

It’s one of the few thing she I have seen our government do in recent times that I agree with. I’m sure those $2500 bonuses will just go into the stock market or pay off some sort of personal debts. Saying it will be returned back to the “economy” is a stretch. Just let the economy do it’s own thing and it will....
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If they pay off debt with all of it (I'm impressed you know that's what they'll do), that's more $$ that the lenders can lend to others, which greases the wheels of the economy. Unless they burn it Nebe, it circulates back into the economy.

[spence]

Originally Posted by Jim in CT

If they pay off debt with all of it (I'm impressed you know that's what they'll do), that's more $$ that the lenders can lend to others, which greases the wheels of the economy. Unless they burn it Nebe, it circulates back into the economy.

It's restricted stock...not paying off anything short-term. The overseas cash isn't coming back soon, they're just paying the taxes on it. As for the 20k jobs, that's a projection as to what the spending could possibly create through the entire supply chain not all Apple hires.

Good that they're investing for sure but all these press releases need to be taken with a grain of salt. Wal-Mart's bonus plan turns out impacts hardly anyone and a lot of these increases were already planned.
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[Jim in CT]

Originally Posted by spence

It's restricted stock...not paying off anything short-term. The overseas cash isn't coming back soon, they're just paying the taxes on it. As for the 20k jobs, that's a projection as to what the spending could possibly create through the entire supply chain not all Apple hires.

Good that they're investing for sure but all these press releases need to be taken with a grain of salt. Wal-Mart's bonus plan turns out impacts hardly anyone and a lot of these increases were already planned.
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"The overseas cash isn't coming back soon, they're just paying the taxes on it" 38 billion the feds will have, that they don't have now. That could fund at least 3 teacher pensions!

"Wal-Mart's bonus plan turns out impacts hardly anyone"

The minimum wage hike to $11/hr impacts a lot. Funny you chose to leave that out.

[spence]

Originally Posted by Jim in CT

The minimum wage hike to $11/hr impacts a lot. Funny you chose to leave that out.

It's a dollar more. The Obama recovery has made it harder to fill low paying jobs...was going to happen regardless Jim.
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[Pete F.]

Just remember what an architect told me once, that every problem has a simple but elegant and incorrect solution.

[detbuch]

Originally Posted by Pete F.

Just remember what an architect told me once, that every problem has a simple but elegant and incorrect solution.

Every problem has an infinite number of simple or complex solutions that are incorrect. They all have simple or correct solutions that are correct depending on the definition of correct.

There are various "solutions" to paying for healthcare, which will have different effects on the economy, freedom of choice, the type of government that is desired, and especially on the effect they have on our constitutional system of government.

[Nebe]

Each crisis we face is a moment for opertunity.
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[wdmso]

apple had the money to do this 10 years ago ... love how Republicans love PR stunts and tout them as signs of change .. and 1 dollar an hours a game changes in the life of someone who was just making 8 buck an hour .. are clueless

[Jim in CT]

Originally Posted by wdmso

apple had the money to do this 10 years ago ... love how Republicans love PR stunts and tout them as signs of change .. and 1 dollar an hours a game changes in the life of someone who was just making 8 buck an hour .. are clueless

Why is Comcast (the company that owns MSNBC) doing it now? Does the CEO of Comcast (the guy who signs Rachael Maddow's paycheck) want to make Trump look good?

Of course they could have done it before. But they were finally incentivized to do it, with the tax reform.

If you think a tax windfall of $38 billion and 20,000 new jobs is a PR stunt, you can think that. You look very foolish to say that, in my opinion.

"and 1 dollar an hours a game changes in the life of someone who was just making 8 buck an hour "

if you work 2,000 hours a year, than a $1/hr a raise is a $2,000 gross bump in salary. In addition, these people will pay a lower tax rate. than they did last year. So not only does their gross pay increase, they keep a higher percentage of their gross pay, so that's a double benefit. They keep a higher percentage of each dollar, and they have more dollars of pay.

It's not going to end poverty. Not even close. But please tell me, what Obama did in 8 years, that did more for these people?

Have fun answering that...

[The Dad Fisherman]

Originally Posted by wdmso

and 1 dollar an hours a game changes in the life of someone who was just making 8 buck an hour .. are clueless

It's a 12.5% raise. I wish I got one of those.
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[spence]

Originally Posted by The Dad Fisherman

It's a 12.5% raise. I wish I got one of those.
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Previous minimum was 10 I believe. So no...

Maybe they can get off foodstamps?

[The Dad Fisherman]

Originally Posted by spence

Previous minimum was 10 I believe. So no...

Maybe they can get off foodstamps?

Wdmso stated $8...a dollar an hour is 12.5% stop changing facts
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[Jim in CT]

Originally Posted by spence

Previous minimum was 10 I believe. So no...

Maybe they can get off foodstamps?

They pay higher than state minimum wage? You sure?

Best way to get off foodstamps is to acquire skills that give you ore options than being a cashier or a greeter.

I'll ask you what I asked WDMSO. What did Obama do that was better for these people, than what the GOP did?

[Nebe]

November sure will be a day of reckoning. What it will be will just be further confirmation of our broken system and the problems of this country will just be kicked down the road like a rusty can.
We need term limits to purge Washington. We need people in congress and the senate who are fresh and don’t hold grudges and put country over party.
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[Jim in CT]

Originally Posted by Nebe

November sure will be a day of reckoning. What it will be will just be further confirmation of our broken system and the problems of this country will just be kicked down the road like a rusty can.
We need term limits to purge Washington. We need people in congress and the senate who are fresh and don’t hold grudges and put country over party.
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It's going to be a fascinating November.

Almost no chance the GOP loses seats in the senate, only because there are so many more democrats up for re-election. If half the seats up for re-election were GOP seats, different story.

In the house? Most people say if the election were today, the democrats would re-take the house. However, these are the same people who said that Trump was going to get creamed.

Will people vote against Trump because he's such a jerk? Or will they vote in favor of their larger paychecks? I don't think anyone knows. Democrats don't usually vote in bug numbers in mid-terms, that helps the GOP. But in most midterms, the president's party loses seats, which helps the Dems. So many moving pieces.

Term limits for sure. Politics was never intended to be a career, it was intended to be a temporary call of service that wasn't even supposed to be all that pleasant.

[nightfighter]

There isn't a prayer in hell that Apple considers doing this unless the door was open for them to avoid paying taxes on a portion of this offshore war chest. They have kept funds off shore for years to avoid accounting for how much they have as well as paying taxes to the IRS. So they get a sweetheart deal and are going to pay $38 billion in taxes on that amount (pick a number, or let's use $252 billion) at a much lower rate than when they earned all this money, going back to company's founding. Who is to say that there isn't more than the 252 billion that will be repatriated and should have been taxed all along? This would not be the largest single tax payment if the debt had been rightfully paid when it should have been instead of being steered to an Irish bank. $38 billion is but a fraction of what they really should be paying, yet it is being spun as they are doing such great things by investing in the US economy..... yes. after t#^&#^&#^&#^&#^&g it up our arses for years.....

[spence]

Originally Posted by nightfighter

Who is to say that there isn't more than the 252 billion that will be repatriated and should have been taxed all along?

Here's the rub, this overseas money is tied up in investments earning returns...it's not cash they're bringing back to the US. They can pay the taxes and have flexibility in the future but there's no guarantee any of it will be spent domestically.

[scottw]

Originally Posted by spence

They can pay the taxes and have flexibility in the future but there's no guarantee any of it will be spent domestically.

Apple is giving its employees a $2,500 bonus
bringing $250 billion in cash that is currently overseas, back to the US
paying $38 billion in taxes on that cash
investing $30 billion in the US to create 20,000 jobs
matching employee charitable donations 2-to-1

is that not "domestically"?

[Jim in CT]

Originally Posted by scottw

Apple is giving its employees a $2,500 bonus
bringing $250 billion in cash that is currently overseas, back to the US
paying $38 billion in taxes on that cash
investing $30 billion in the US to create 20,000 jobs
matching employee charitable donations 2-to-1

is that not "domestically"?

It’s unbelieveable. The ability to deny that which doesn’t serve your personal agenda. A huge tax hit, bonuses, new jobs. None of that amounts to domestic spending.
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[spence]

Originally Posted by scottw

is that not "domestically"?

I never said they weren't going to invest more here or that it would be a bad thing. Just some of the numbers are misleading.

[Jim in CT]

Originally Posted by spence

Here's the rub, this overseas money is tied up in investments earning returns...it's not cash they're bringing back to the US. They can pay the taxes and have flexibility in the future but there's no guarantee any of it will be spent domestically.

So you want to pass a law mandating that they spend it domestically?

Apple said there were creating 20,000 jobs in the us. That qualifies as domestic spending.
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[nightfighter]

Originally Posted by spence

Here's the rub, this overseas money is tied up in investments earning returns...it's not cash they're bringing back to the US. They can pay the taxes and have flexibility in the future but there's no guarantee any of it will be spent domestically.

No, the rub is that it is all pre-tax monies.... So in my view it is all dirty, comingled, and investments should be liquidated as a condition of clearing their liability.

[spence]

Originally Posted by nightfighter

No, the rub is that it is all pre-tax monies.... So in my view it is all dirty, comingled, and investments should be liquidated as a condition of clearing their liability.

Hard to enforce that when their actions appear to be legal. But co-mingled...yes.

[Jim in CT]

Originally Posted by nightfighter

There isn't a prayer in hell that Apple considers doing this unless the door was open for them to avoid paying taxes on a portion of this offshore war chest. They have kept funds off shore for years to avoid accounting for how much they have as well as paying taxes to the IRS. So they get a sweetheart deal and are going to pay $38 billion in taxes on that amount (pick a number, or let's use $252 billion) at a much lower rate than when they earned all this money, going back to company's founding. Who is to say that there isn't more than the 252 billion that will be repatriated and should have been taxed all along? This would not be the largest single tax payment if the debt had been rightfully paid when it should have been instead of being steered to an Irish bank. $38 billion is but a fraction of what they really should be paying, yet it is being spun as they are doing such great things by investing in the US economy..... yes. after t#^&#^&#^&#^&#^&g it up our arses for years.....

Do you pay more than you have to? Why should the Apple shareholders? Thanks to the tax incentives, the irs will get 38 billion they otherwise would it have. That’s a good thing.
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