Olemike's Blog

How much more in tax will Apple Pay?

Posted by olemike on 01/25/2012

After listening to the SOTU speech last night, I began to wonder how much more in taxes the President would have Apple pay.  It seems they just had a very profitable quarter and they definitely have about 20,000 employees in other countries.  They doesn’t seem to bode well for them under the President’s new tax proposal.

While I do agree that we should use the tax code to motivate companies to keep their manufacturing in the United States, I am anxious to see if the government really follows through.  Somehow I doubt that the President will be as harsh toward Apple as he is toward oil companies.

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