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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1163)	5/5/2014 10:51:49 AM
From: Jerome	Read Replies (2) \| Respond to of 26767

Hi Kirk,.....hope you had a good week-end..... they bring it back to the US is they could use it to buy back stock, pay higher wages to retain top workers or give it back as dividends. How about this.....about 1/3 of the S&P 500 corporations pay no Federal Taxes at all.GE & GM are two examples. huffingtonpost.com So what does dropping the tax rate to zero do to improve the situation???? The actual tax rate of those companies that pay federal taxes is 15%. As I see it GE (which I own) and AAPL (which I do not own) have tons of cash on their US balance sheet to accomplish....1) Pay higher wages,,,,2)Buy back stock.....3) Pay higher dividends....so what is the benefit of your proposal? Here you have to give Apple credit because they used cash to expand their business into different areas. GM, and Ford have plenty of cash on hand to build more factories and hire more people.......taxes and tax rates are just not part of the equation. A lack of ideas on what to build is the holdup. Same with GE.....they could duplicate everything Alstrom has for a lot less than the 13 billion they are paying for the company. But by buying Alstrom they eliminate a competitor, and get an established customer base. Cutting taxes is not the panacea for creating jobs or growing the economy.....putting more money into circulation ( through higher wages) has a far greater impact on the economy. American companies (with a few exceptions) don't have any great ideas on where to go next. Cash is not lacking....ideas are.