TSR said:
Mike said:
Microsoft pays about $6 BILLION in U.S. Income Taxes each year. (for the last 3 years)
Or, about 35% of their net income. The stockholders of Microsoft pay an additional amount of income taxes on the dividends.
Just how damn much in taxes do you want them to pay? You do understand that these taxes are passed on to the consumer, don't you?
Here we go again, Mike. This 35% figure you quote does it all go in the federal treasury? Is this 35% before the gov. tax breaks? If so what is its actual tax? And finally, does this 35% rate reflect a total of all its taxes, both foreign and domestic? The foreign taxes are likely to be much higher and when averaged in with the US tax rate would make the US rate appear higher.
One other thing, if it is the law,its the law. I don't want it changed because some conglomerate has the power to blackmail our country with threats of relocating. This is what I was referring to in my first post. Where's the allegiance?
I think Mike answered your question in his Response, he said they Pay 6 Billion in U.S. Income taxes.
You are getting hung up on a point made with oil! U.S. is one of the highest tax rates in world. Oil is a little different because we have to pay royalities or Taxes to countries that have the oil in their land!
Computers do not work that way, other countries tax less than us, that is the reason Microsoft is thinking of moving out of the U.S. for cheaper tax rates.
You need to know the differences and why they are that way!
In reality the U.S. (which means all of us) should be loyal to Microsoft just as much as they should be to us. If we let our Government tax them so deep they move, we were not loyal to the one that fed us! We will have bit-en the hand that feeds us!
Point is Government needs to quit spending money in such record amounts that they look at biting the hand that feeds us.
Eventually enough is enough and people will move, it is happening in California, it is happening in New York and it is happening in the U.S. in general. Taxing hurts the economy and jobs and cutting taxes helps it! If you do not believe that then just watch the proof as people move businesses to lower taxed areas, rather it be the Midwest or overseas!
Obama needs to Wise up and quit being stupid! He is going to turn us into another Mexico!