> Now if only they paid more than 10% income tax I could have a road without potholes
Apple paid 14.4% in income taxes in fiscal 2020 and 16% in 2019.
Do your roads now lack potholes?
What if we increase that tax rate to 18% or 20%. Would the potholes go away? (nope)
The potholes have a lot more to do with vast government mismanagement of spending and a failure to raise gasoline taxes to fund infrastructure (at least in the US), than they do with a few billion dollars in tax revenue re Apple.
The federal + state + local government systems of the US have spent something like $70+ trillion over the past ten years. How much of that did they allocate to infrastructure?
They spent our trillions of dollars in infrastructure money occupying and blowing up Iraq, Afghanistan, Libya, Syria. A couple of billion dollars from Apple is just about the least of our problems.
Apple paid 14.4% in income taxes in fiscal 2020 and 16% in 2019.
Do your roads now lack potholes?
What if we increase that tax rate to 18% or 20%. Would the potholes go away? (nope)
The potholes have a lot more to do with vast government mismanagement of spending and a failure to raise gasoline taxes to fund infrastructure (at least in the US), than they do with a few billion dollars in tax revenue re Apple.
The federal + state + local government systems of the US have spent something like $70+ trillion over the past ten years. How much of that did they allocate to infrastructure?
They spent our trillions of dollars in infrastructure money occupying and blowing up Iraq, Afghanistan, Libya, Syria. A couple of billion dollars from Apple is just about the least of our problems.