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To: Wyätt Gwyön who wrote (7636)	8/23/2001 3:40:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

MM, take a broader view of tax payments from QUALCOMM and see what you get. <QUALCOMM ships a lot of the dollars home as profits, pays taxes to USS Enterprise to maintain the system and pays the shareholders the rest [or reinvests in more expansion]. The shareholders are me, out here in Kiwiland.> 1.....QUALCOMM pays employees [thousands of them] US salaries and those employees pay about a third of that money to the US tax collectors. That is a LOT of money. When those people go shopping, they pay sales taxes on their purchases. That is a LOT of money. The people selling those products and services pay taxes on the money that the QUALCOMM people give them [a third of their income and a third of profits if a company]. That adds up to most of the revenue which QUALCOMM collects from around the world. Their revenue is about $4bn and since most employees are Americans, and the money doesn't go towards buying ships of crude oil from OPEC for example, it goes in salaries. I guess about $2bn of that $4bn goes into USS Enterprise taxation coffers. RIGHT NOW!!! It leaks into the coffers all over the place. QUALCOMM lends $1bn and the borrower lends it to somebody else and pays tax on their profits. 2.....Shareholders are mostly Americans, paying tax in the USA. You can be sure there were a LOT of capital gains taxes paid after the 1999 runup. Unfortunately, because of the way tax works, they pay the tax one year, but lose their capital the next year when the companies they swapped to went bust. That was the case with huge numbers of people in the market crash [because they had been trading and taking capital gains, paying tax on those gains]. The tax authorities don't give it back. 3.....Leap Wireless was a taxable spin off. 4.....When QUALCOMM buys something [capacitors, plastic housings, software], the recipients of those payments pay taxes on the profits and their employees pay taxes on their income and sales taxes, and so on along the chain when those employees buy something from a third party. Because most of the products and services QUALCOMM buys are Made in USA and they have a low overseas content, there is a vast enrichment of the USA tax authorities from the money QUALCOMM is paid by their customers around the world. USS Enterprise is doing very well from Mighty Q!, Microsoft and the other technology companies which are selling things around the world. Mqurice