Tag Archives: steve jobs

Apple, Corporate Taxes, and Common Sense

BY RICH GALEN
Reprinted from Mullings.com

According to the Wall Street Journal, Apple (neé Apple Computer) “is the most valuable company” in the world. On the heels of its quarterly report last week, stock in Apple reached nearly $620 per share before settling back to end the week at $602.

The WSJ reported that Apple “posted a 94% profit jump to $11.6 billion and a 58.9% revenue increase to $39.2 billion.”

This is not a stock picking column, and that is about everything I know about the stock market, but I wanted to tell you that so that what follows made more sense.

The New York Times published a long piece looking at how Apple cleverly, but legally, has built a tax strategy that saves it billions of dollars. The Times reported that “the company paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8 percent.” Continue reading →

Where’s the Outrage?

BY RICH GALEN
Reprinted from Mullings.com

In one of the GOP Presidential debates the number of prisoners who had been put to death in Texas drew applause from the audience. In a subsequent debate, the issue of the end of “Don’t Ask, Don’t Tell” was being discussed and, during a short video of a Marine talking about being openly gay, two members of that audience booed.

None of the candidates on stage reacted to the boos which led to a week of projectile sweat outrage by Liberal commentators as to why no-one told the boo-ers to put a sock in it. Note, please that the moderator(s) didn’t ask the candidates about it after the fact.

During my tour de force performance on the Bill Maher show later that week, they showed the same clip with the two people booing and I said, “It was only two people. It wasn’t like the whole audience stood up and waved its collective fists at the screen” or, as Dr. Samuel Johnson was wont to say, “words to a like effect.” Continue reading →