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

To: Jerome who wrote (2471)	12/17/2014 9:37:30 AM
From: Kirk ©	Read Replies (2) \| Respond to of 26874

It is common sense, well for most of us. I guess I'll have to explain it again. Hey Kirk, When have you heard a major company say...tax free repatriated cash will create American Jobs? It was our buddy POTUS who said it. He cut the payroll tax to create jobs. It worked and when the economy bottomed and started to grow, he reinstated the taxes which is a headwind we face now with the stronger economy offset by locking in the lower dividend and capital gains taxes which makes it more likely companies pay higher yearly dividends that get taxed that year rather than decades later when you sell appreciated stocks. From en.wikipedia.org On December 17, 2010, President Barack Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The legislation extends for two additional years the changes enacted to the taxation of dividends in the JGTRRA and TIPRA.[5] Money that comes to the US and is SPENT and/or taxed when passed on as higher salaries, bonuses and dividends creates jobs here. It also creates Fed and State taxes from the individuals who are taxed. It is not rocket science. Outside of acquisitions (of another company) what would Apple or Microsoft do with that cash? (bigger bonuses for executives, larger dividend payouts, or more share buybacks.). A bigger bonus for Tim Cook would be taxed at the top US (39.6%) and CA tax rates. In CA that would be 13.3%. I say BRING IT BABY! Larger dividends for Tim Cook would be taxed at 20% on the Federal level (plus I believe there is Medicare and perhaps some ACA taxes also.... and don't forget the 13.3% tax rate for $1M salaries in California. All those "awful things" to you are great in my eyes as the individuals would pay the high incremental tax rates, far more taxes than the money is generating now in foreign banks.