ColonelAngus
Diamond Member
- Feb 25, 2015
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Apple announces plans to repatriate billions in overseas cash, says it will 'contribute' $350 billion to the economy over 5 years
MORE BAD NEWS FOR PROGS.....APPLE REPATRIATING $350 BILLION.....that's alot of taxes at 21%.
Sorry the economy is doing well, Progs. It sucks, i know. More people working and those people keeping more fo their money is BAD FOR PROGS.
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Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy.
The headline from Apple is that it will "contribute" $350 billion in the U.S. economy over the next five years, although it's unclear exactly how the company came to that number.
But the company did say promise to create 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. It said it would spend over $30 billion in capital expenditures over the next five years.
It also said it anticipates a $38 billion tax bill for repatriated cash, as a result of the new tax bill. This implies it will bring back virtually all of its $250 billion in overseas cash.
MORE BAD NEWS FOR PROGS.....APPLE REPATRIATING $350 BILLION.....that's alot of taxes at 21%.
Sorry the economy is doing well, Progs. It sucks, i know. More people working and those people keeping more fo their money is BAD FOR PROGS.
.
.
.
.
Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy.
The headline from Apple is that it will "contribute" $350 billion in the U.S. economy over the next five years, although it's unclear exactly how the company came to that number.
But the company did say promise to create 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. It said it would spend over $30 billion in capital expenditures over the next five years.
It also said it anticipates a $38 billion tax bill for repatriated cash, as a result of the new tax bill. This implies it will bring back virtually all of its $250 billion in overseas cash.