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Worse than Oil and Health Ins. Companies - TAX Them!
Old 10-21-2010, 09:38 AM   #1
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Worse than Oil and Health Ins. Companies - TAX Them!

Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes

A lot of complaining about Oil and Health ins companies and related costs and profits. But, when you look at tech companies they have a much higher profit margin (8% vs mid 20 - 30%; see Apple).

Now look at Google and it's tax rate - will we be seeing anyone organizing organizing a protest saying "boycott big Tech"

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Old 10-21-2010, 09:42 AM   #2
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Technology isn't seen as a noncompetitive cartel representing an essential commodity in "cahoots" with each other to raise prices. There's all the difference right there. Nobody thinks Microsoft and Apple are conspiring to keep prices high and rising.

"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Old 10-21-2010, 10:08 AM   #3
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Originally Posted by dex View Post
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
I fixed the headline:

Google 2.4% Rate shows how $60 Billion is saved from government waste.

I think oil and health companies are lightning rods for non-tax issues. The tax complaints are mostly just a means to an end for whatever agenda the complaining group is pushing.
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Old 10-21-2010, 10:27 AM   #4
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Originally Posted by ziggy29 View Post
Nobody thinks Microsoft and Apple are conspiring to keep prices high and rising.
I think they are...........
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
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Old 10-21-2010, 02:07 PM   #5
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From an old Engineer do you remember the WinTel Cartel? Microsoft makes Windows fatter so that it takes a faster processor and more memory and then Intel provides those items. Rinse and repeat with a new version.
Worked the plan and now living the Dream!
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