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Non-Tech : Kirk's Market Thoughts
COHR 191.72+0.2%Dec 26 9:30 AM EST
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To: Kirk © who wrote (2437)12/16/2014 2:59:36 PM
From: Jerome  Read Replies (1) of 26871
 
Kirk,.......lets stay on the same page about taxes. Your statement from a previous post.
Initially were talking about Corporate Federal Income Tax. The tax table listed below includes state, federal, and property taxes. Those are two different critters.
in 2013 Intel earned $12.6B and paid $3.0B in taxeshttp://finance.yahoo.com/q/is?s=INTC+Income+Statement&annual3.0/12.6x100 = 24%In 2012 Intel earned $14.9B and paid $3.9B or 26%. Earned more so higher taxes. Seems progressive

Most of the corporate overseas cash you keep bringing up is in countries like the Bahamas, Channel Islands and other drop box locations. I have my doubts if this overseas cash created any jobs in those countries.

In weeks past there have been articles about Apple and its use of off shore financial havens. It seems that the justice department has determined that the cash never left this country. Only the paperwork did. Probably other companies are getting nervous about these sham transactions .

Some day you and I might agree on something :)
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