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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 3:59 PM EST
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To: Brian Sullivan who wrote (204)5/2/2013 12:06:09 PM
From: Kirk ©  Read Replies (1) of 26721
 
Great article.

Don't forget Apple is in Taxifornia where us dumbasses raised taxes massively on the successful to 13.3%:
As Oppenheimer points out, if Apple brought its foreign cash back stateside, it would have to fork over 35% of it in taxes under current U.S. law.
See Kirk's Market Thoughts: California 2012 & 2013 Tax Rates for the full tax tables, but here is a summary:
Due to passage of Proposition 30, the tax rate for 2012 income in California is 13.3% for taxpayers with state taxable income in excess of $250,000. This change from the November 6, 2012 election is retroactive to income earned for the full year, since January 1, 2012. Here is a summary of 2012 and 2013 California tax rates.
If CA and other states start to tax downloads, streaming content, I expect a mass exodus similar to how the chip industry left the "Silicon Valley" where it all started as nobody is stupid enough to pay property taxes on $5B chip plants when other states give you incentives to move plus have lower property and income tax rates.
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