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

To: Kirk © who wrote (1596)	7/6/2014 10:38:19 PM
From: ETF1	Read Replies (1) \| Respond to of 26758

"If we let them bring that money home tax free and they paid it all as bonuses to the CEOs, then Apple's CEO would owe on that $54.4 billion 12.3% in CA income taxes or $6.69B 39.9% in Fed income taxes on $54.4B less $6.69B paid in CA taxes or 39.9% of $47.4B or another $19.4B Total taxes paid would be $6.7B + $19.4B = $26.1B or a tax rate of 48.0%!" ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ California State Income Tax is actually 13.3% for those that make one million and above. http://www.bankrate.com/finance/taxes/state-taxes-california.aspx And don't forget the wonderful 3.8% tax on net investment income (dividends, capital gains, etc) on high earners. This is sometimes called the ACA tax, or the Medicare Surtax, or the tax on Investment Income ETF1 Robert