To: GROUND ZERO™ who wrote (50518 ) 5/21/2013 10:00:44 AM From: Kirk © 2 Recommendations Read Replies (3) | Respond to of 220625 yup I agree we should find a way to let corporations pay zero on income earned overseas. in fact, I think corporate taxes should be set at 0%, their profits are already sent to the shareholders who already pay taxes on that same money, how many times should that same dollar be taxed? I guess you have John McCain in the "Liberal Moron" camp now.Frankly, if the tax rate for corporations were set at 0%, then we would see an economic boom in this country like we've never seen before... but try to explain that to the liberal minded morons... www.moneynews.com/FinanceNews/McCain-Apple-Tax-avoider/2013/05/20/id/505445 "Apple claims to be the largest U.S. corporate taxpayer, but by sheer size and scale, it is also among America's largest tax avoiders ," Senator John McCain of Arizona, the panel's top Republican, said in a statement. "A company that has found remarkable success by harnessing American ingenuity and the opportunities afforded by the U.S. economy should not be shifting its profits overseas to avoid the payment of U.S. tax, purposefully depriving the American people of revenue." BTW, they will CONTINUE to shift jobs overseas to use the money earned there to pay salaries. We did it at HP starting back in the 1970s. First thing I remember when I got a summer intern job at HP in 1978 was all the workers doing assembly started to lose jobs as we moved them overseas as overseas sales started to take off. By the time I left 20 years later, I was training engineers from Singapore to do R&D jobs that I was training engineers from MIT, Stanford and Berkeley to do 10 years before... High tax rates in Silicon Valley, especially the property taxes on new equipment, forced almost ALL semiconductor manufacturing out of the area. Who wants to pay property tax on a $5B chip plant? BTW, I think the trick is to recognize the "velocity of money" and let Apple and others that employ US workers deduct from taxes owed more than what they deduct for payroll taxes. A dollar in new salary probably generates many dollars of economic activity in the worker's town.....