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Microsoft threatens to move jobs out of US

hypocritexposer

Well-known member
Microsoft isn't happy about a new tax on companies foreign profits

It takes an incredibly powerful company to threaten the U.S. government in hopes of impacting a significant decision, but that's precisely what Microsoft is doing. Microsoft CEO Steve Ballmer made headlines when he publicly attacked President Barack Obama's plan to cut tax breaks on U.S. companies' foreign profits, a plan which is currently awaiting Congressional approval.

Mr. Ballmer suggests that if the tax succeeds, Microsoft may begin a significant move out of the U.S., taking with it tax revenue and jobs. He states, "It makes U.S. jobs more expensive. We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S."

http://www.dailytech.com/Microsoft+CEO+to+Obama+Drop+Tax+Break+Cuts+or+Well+Send+Jobs+Overseas/article15329.htm
 

Mike

Well-known member
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................
 

TSR

Well-known member
Mike said:
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................

And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??
 

Mike

Well-known member
TSR said:
Mike said:
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................

And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??
No allegiance????????????????? "ABSOLUTELY" NO Allegiance?

Can you say that with a straight face?
 

TSR

Well-known member
Mike said:
TSR said:
Mike said:
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................

And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??
No allegiance????????????????? "ABSOLUTELY" NO Allegiance?

Can you say that with a straight face?

I asked the question with a straight face, Mike. Are you agreeing or disagreeing?
 

Mike

Well-known member
TSR said:
Mike said:
TSR said:
And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??
No allegiance????????????????? "ABSOLUTELY" NO Allegiance?

Can you say that with a straight face?

I asked the question with a straight face, Mike. Are you agreeing or disagreeing?

I disagree with any implication that Microsoft has no allegiance, absolutely, to the U.S., if, in fact, that is what you are implying.

If that is NOT what you are implicating, my sincerest apologies are justified and forwarded towards you.
 

TSR

Well-known member
Mike said:
TSR said:
Mike said:
No allegiance????????????????? "ABSOLUTELY" NO Allegiance?

Can you say that with a straight face?

I asked the question with a straight face, Mike. Are you agreeing or disagreeing?

I disagree with any implication that Microsoft has no allegiance, absolutely, to the U.S., if, in fact, that is what you are implying.

If that is NOT what you are implicating, my sincerest apologies are justified and forwarded towards you.

Sorry if you misunderstood me. My post was a slam at Microsoft. Microsoft should have allegiance to the US and its millions of consumers,that lucrative market. Now will all the other conglomerates threaten to move everything overseas everytime Congress wants to tax them more? In effect what they are trying to do is blackmail the Congress in to doing their bidding?
 

Mike

Well-known member
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?
 

TSR

Well-known member
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?
 

aplusmnt

Well-known member
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!
 
A

Anonymous

Guest
What I think is comical about these US companies moving to India, China, and BouKou Egypt to manufacture their products- is that they are trying to avoid taxes- but still want the US government to protect them around the world with a strong military (which over the last few years has made up a big portion of the US spending)- keep the free market system free- and maintain a high standard of living so they can sell their products...
But don't want to pay their share for that protection or for maintaining that high standard of living .... :(

Maybe they should ask China to become "policeman of the world" for them :???:
 

Mike

Well-known member
Here are the breakdowns:

Microsoft
U.S. Federal taxes paid
2006-$4,471 Million
2007-$4,593 Million
2008-$4,357 Million

State and Local Taxes
2006-$101 Million
2007-$154 Million
2008-$256 Million

International
2006-$882 Million
2007-$957 Million
2008-$1,007 Million

Foreign Taxes computed at rates;
2006-4.6%
2007-5.1%
2008-7 %

U.S. Federal Statutory rates:
35%
 

aplusmnt

Well-known member
Mike said:
Here are the breakdowns:

Microsoft
U.S. Federal taxes paid
2006-$4,471 Million
2007-$4,593 Million
2008-$4,357 Million

State and Local Taxes
2006-$101 Million
2007-$154 Million
2008-$256 Million

International
2006-$882 Million
2007-$957 Million
2008-$1,007 Million

Foreign Taxes computed at rates;
2006-4.6%
2007-5.1%
2008-7 %

U.S. Federal Statutory rates:
35%

The 35% figure does not include the State and Local taxes either, so It could end up more than 40% if you figure that in to the percentage. As you listed 2008 had 256 Million just in local and State.

International has all things abroad included in it!
 
A

Anonymous

Guest
aplusmnt said:
Mike said:
Here are the breakdowns:

Microsoft
U.S. Federal taxes paid
2006-$4,471 Million
2007-$4,593 Million
2008-$4,357 Million

State and Local Taxes
2006-$101 Million
2007-$154 Million
2008-$256 Million

International
2006-$882 Million
2007-$957 Million
2008-$1,007 Million

Foreign Taxes computed at rates;
2006-4.6%
2007-5.1%
2008-7 %

U.S. Federal Statutory rates:
35%

The 35% figure does not include the State and Local taxes either, so It could end up more than 40% if you figure that in to the percentage. As you listed 2008 had 256 Million just in local and State.

International has all things abroad included in it!

So you're trying to say that socialist- one government covers all- countries environments are more condusive to business than the US system of state and local municipalities :???:
 

aplusmnt

Well-known member
Oldtimer said:
aplusmnt said:
Mike said:
Here are the breakdowns:

Microsoft
U.S. Federal taxes paid
2006-$4,471 Million
2007-$4,593 Million
2008-$4,357 Million

State and Local Taxes
2006-$101 Million
2007-$154 Million
2008-$256 Million

International
2006-$882 Million
2007-$957 Million
2008-$1,007 Million

Foreign Taxes computed at rates;
2006-4.6%
2007-5.1%
2008-7 %

U.S. Federal Statutory rates:
35%

The 35% figure does not include the State and Local taxes either, so It could end up more than 40% if you figure that in to the percentage. As you listed 2008 had 256 Million just in local and State.

International has all things abroad included in it!

So you're trying to say that socialist- one government covers all- countries environments are more condusive to business than the US system of state and local municipalities :???:


NO I am saying that the figures Mike posted for international have any region, state or local tax figured in to them. The 35% is federal only there is still the State and local to be added to them. That in the U.S. Microsoft payed around 40% total U.S. taxes and only like 5% internationally (2007 exmaple)!
 

Mike

Well-known member
Oldtimer said:
aplusmnt said:
Mike said:
Here are the breakdowns:

Microsoft
U.S. Federal taxes paid
2006-$4,471 Million
2007-$4,593 Million
2008-$4,357 Million

State and Local Taxes
2006-$101 Million
2007-$154 Million
2008-$256 Million

International
2006-$882 Million
2007-$957 Million
2008-$1,007 Million

Foreign Taxes computed at rates;
2006-4.6%
2007-5.1%
2008-7 %

U.S. Federal Statutory rates:
35%

The 35% figure does not include the State and Local taxes either, so It could end up more than 40% if you figure that in to the percentage. As you listed 2008 had 256 Million just in local and State.

International has all things abroad included in it!

So you're trying to say that socialist- one government covers all- countries environments are more condusive to business than the US system of state and local municipalities :???:

I don't think he is. :???:

I think he's just trying to say that International taxes include state and local taxes for that area/country also, which would make them much, much less than ours overall, making it very plain that profits in foreign countries ARE INDEED more conducive to higher profits.

Or is it that you guys want these public companies to give every penny of profit they make go to gov't and leave the shareholders out? :roll:
 

TSR

Well-known member
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?

I just want them to pay what the law says they have to pay. Pretty arrogant of them to try to blackmail our gov't by threatening moving so our gov't won't tax them more. Shouldn't they have some allegiance to the US? Shouldn't this market be worth something to them? If this is the way things are going to work then we no longer have a gov't like our founding fathers envisioned. We now have a Corporatist gov.
 

Mike

Well-known member
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?

I just want them to pay what the law says they have to pay. Pretty arrogant of them to try to blackmail our gov't by threatening moving so our gov't won't tax them more. Shouldn't they have some allegiance to the US? Shouldn't this market be worth something to them? If this is the way things are going to work then we no longer have a gov't like our founding fathers envisioned. We now have a Corporatist gov.

They are concerned about a tax here in the U.S. on PROFITS derived from business in a FOREIGN country.

If this becomes law, corps will be more hesitant to export period. A tax on top of a tax is just wrong.

If you think our trade imbalance is bad now..................

You sure are throwing the word blackmail out there loosely. I don't blame them a bit for being upset.

This is no different than your local city gov't charging you a tax for work done out of your city where you have already paid the taxes.

Best thing to do all around is eliminate Corporate Taxes altogether and get the economy moving.........................
 

Sandhusker

Well-known member
TSR said:
Mike said:
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................

And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??

This allegiance thing needs to go both ways. If we want our workers to thrive, we need to create an environment where the companies that hire them can thrive. Instead, we just tax the crap out of them and treat them like unwanted step-children. Like Grandpa used to say, "You get what you give".
 

TexasBred

Well-known member
TSR said:
Mike said:
Just think. The Liberal Moonbats actually BLAME Corporations for outsourcing and wanting to make a profit?

I'm astounded at the lunacy today....................

And corporations like Microsoft have absolutely no allegiance to America and the most lucrative market in the world do they??

Only the "NEW" America.
 
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