Ask HN: Do you feel like you're paying too much taxes?

Re:Ask HN: Do you feel like you're paying too much taxes? by joshuanomed on Sunday April 03, 2016 @05:25PM (#11417822)

So, you don't need any public services at all?

I'm not losing money, I'm contracting out a variety of services I'd otherwise have to pay for.

[ Parent | on HN ]

Re:Ask HN: Do you feel like you're paying too much taxes? by montbonnot on Sunday April 03, 2016 @05:40PM (#11417896)

I do. But a police officer gets taxed. A fireman gets taxed too (a lot in my opinion). What are they subscribed to? Themselves? How about using big corporate money to pay for that? Look at Apple they run most of their offices outside of the US to avoid being ripped-off by the US government. If they get a fair tax bracket then they'd bring their business back in the US. Then we could use that money instead of our own money.

[ Parent | on HN ]

Re:Ask HN: Do you feel like you're paying too much taxes? by joshuanomed on Sunday April 03, 2016 @05:55PM (#11417964)

Apple keeps a lot of its cash “overseas” because of 30+ years of tax policy changes to shift the tax burden from businesses to individuals.

As long as business can leverage “overseas” cash assets to issue debt in the US without paying taxes on the cash, they'll do so, only until the interest rate on the debt exceeds how much they'd have to pay in taxes to repatriate the cash.

[ Parent | on HN ]