rdowns
Apr 14, 09:44 AM
Long and very interesting article on taxes. Very good read. (http://www.wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html)
As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know, to consider as you prepare to file your taxes. (All figures are inflation-adjusted.)
The Internal Revenue Service issues an annual report on the 400 highest income-tax payers. In 1961, there were 398 taxpayers who made $1 million or more, so I compared their income tax burdens from that year to 2007.
Despite skyrocketing incomes, the federal tax burden on the richest 400 has been slashed, thanks to a variety of loopholes, allowable deductions and other tools. The actual share of their income paid in taxes, according to the IRS, is 16.6 percent. Adding payroll taxes barely nudges that number.
Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007.
(By the way, during seven of the eight George W. Bush years, the IRS report on the top 400 taxpayers was labeled a state secret, a policy that the Obama administration overturned almost instantly after his inauguration.)
A corporate tax rate that is too low actually destroys jobs. That�s because a higher tax rate encourages businesses (who don�t want to pay taxes) to keep the profits in the business and reinvest, rather than pull them out as profits and have to pay high taxes.
The 2004 American Jobs Creation Act, which passed with bipartisan support, allowed more than 800 companies to bring profits that were untaxed but overseas back to the United States. Instead of paying the usual 35 percent tax, the companies paid just 5.25 percent.
The companies said bringing the money home��repatriating� it, they called it�would mean lots of jobs. Sen. John Ensign, the Nevada Republican, put the figure at 660,000 new jobs.
Pfizer, the drug company, was the biggest beneficiary. It brought home $37 billion, saving $11 billion in taxes. Almost immediately it started firing people. Since the law took effect, Pfizer has let 40,000 workers go. In all, it appears that at least 100,000 jobs were destroyed.
As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know, to consider as you prepare to file your taxes. (All figures are inflation-adjusted.)
The Internal Revenue Service issues an annual report on the 400 highest income-tax payers. In 1961, there were 398 taxpayers who made $1 million or more, so I compared their income tax burdens from that year to 2007.
Despite skyrocketing incomes, the federal tax burden on the richest 400 has been slashed, thanks to a variety of loopholes, allowable deductions and other tools. The actual share of their income paid in taxes, according to the IRS, is 16.6 percent. Adding payroll taxes barely nudges that number.
Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007.
(By the way, during seven of the eight George W. Bush years, the IRS report on the top 400 taxpayers was labeled a state secret, a policy that the Obama administration overturned almost instantly after his inauguration.)
A corporate tax rate that is too low actually destroys jobs. That�s because a higher tax rate encourages businesses (who don�t want to pay taxes) to keep the profits in the business and reinvest, rather than pull them out as profits and have to pay high taxes.
The 2004 American Jobs Creation Act, which passed with bipartisan support, allowed more than 800 companies to bring profits that were untaxed but overseas back to the United States. Instead of paying the usual 35 percent tax, the companies paid just 5.25 percent.
The companies said bringing the money home��repatriating� it, they called it�would mean lots of jobs. Sen. John Ensign, the Nevada Republican, put the figure at 660,000 new jobs.
Pfizer, the drug company, was the biggest beneficiary. It brought home $37 billion, saving $11 billion in taxes. Almost immediately it started firing people. Since the law took effect, Pfizer has let 40,000 workers go. In all, it appears that at least 100,000 jobs were destroyed.
QuarterSwede
Nov 24, 08:13 AM
Yet the hardware arm of Palm has said it might not buy the new sytem from the software arm.
That's like shooting yourself in the foot! Morons!
That's like shooting yourself in the foot! Morons!
callmemike20
Apr 22, 12:13 PM
It would be a lot harder to cheat a value added tax than income tax.
Plus it would take no time or money to fill out
it would naturally put a larger burden on the rich who spend more
it would be simple to raise/lower
It would naturally exempt charitable giving
it would reduce the tax-code a few thousand pages
It would reduce the need to pay to keep up the IRS program
nobody would be in debt to the IRS
Payroll taxes would be easier to manage
My dad spends two full weeks, and hire personal assistants in order to file taxes as it is. Value added tax instead of income tax would be a blessing
or even a less complicated flat income tax rate would be an improvement
You just overlooked an elephant. Why would you want to discourage consumer spending? In today's economy, the government and markets are working hard to get people interested in buying again. A VAT tax would only discourage that. A VAT and no income tax would only encourage people to save more than to spend. We need people to spend or no jobs will be created.
Plus it would take no time or money to fill out
it would naturally put a larger burden on the rich who spend more
it would be simple to raise/lower
It would naturally exempt charitable giving
it would reduce the tax-code a few thousand pages
It would reduce the need to pay to keep up the IRS program
nobody would be in debt to the IRS
Payroll taxes would be easier to manage
My dad spends two full weeks, and hire personal assistants in order to file taxes as it is. Value added tax instead of income tax would be a blessing
or even a less complicated flat income tax rate would be an improvement
You just overlooked an elephant. Why would you want to discourage consumer spending? In today's economy, the government and markets are working hard to get people interested in buying again. A VAT tax would only discourage that. A VAT and no income tax would only encourage people to save more than to spend. We need people to spend or no jobs will be created.
Durendal
May 6, 12:23 AM
This is a non-story, folks. Charlie is well-known as a professional troll who is regularly full of crap.
MacRumors
Apr 7, 09:27 AM
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http://images.macrumors.com/article/2011/03/22/133658-blackberry_playbook_apps_500.jpg
gadget123
Apr 20, 01:44 PM
It will have an 8MP camera did we not read they are using Sony?
Won't be a massive upgrade then? :confused:
Won't be a massive upgrade then? :confused:
miloblithe
Aug 7, 02:01 PM
For those of you hoping for a mid-range tower, you're looking at it. Take the processor down from dual 2.66Ghz to dual 2.0 and the HD down from 250GB to 160, and you're looking at a $2124 machine.
I sincerely doubt Apple will introduce any new model to its current lineup of mini/pro, macbook/macbook pro. Your best hope is a supermini.
I sincerely doubt Apple will introduce any new model to its current lineup of mini/pro, macbook/macbook pro. Your best hope is a supermini.
opeter
May 6, 02:53 AM
Actually you all forget something: Windows 8 (or whatever it will be) is being made for ARM too ... :)
sternfalter
May 7, 10:40 AM
I personally wouldn't care either way. I used the trial for about 25 days before the nostalgia wore off. That's me though.
Before the nostalgia wore off? You must mean novelty...
Before the nostalgia wore off? You must mean novelty...
adbe
Mar 29, 02:37 PM
I wasn't aware that other countries looked down on products manufactured here, that's a shame.
Most don't, but for the average Whereverian, two questions spring to mind when seeing a US flag on the side of the box:
1) shouldn't I really be buying stuff made right here in Wherever?
2) Alright, so the case was screwed together in the US, but isn't this still just Chinese engineering at its finest[1]?
At least Apple, with their 'Designed in California' motto, are being honest.
[1] Case in point, since someone already mentioned them, Chrysler. Their chassis were largely warmed over obsolete MB tech. Half their 'made in the US' line isn't. And, like just about everyone else in the industry, the lion's share of components in those cars came from global supply lines. It's remarkable given how much Chrysler had to do with things that they could still f-ck it up. :(
Most don't, but for the average Whereverian, two questions spring to mind when seeing a US flag on the side of the box:
1) shouldn't I really be buying stuff made right here in Wherever?
2) Alright, so the case was screwed together in the US, but isn't this still just Chinese engineering at its finest[1]?
At least Apple, with their 'Designed in California' motto, are being honest.
[1] Case in point, since someone already mentioned them, Chrysler. Their chassis were largely warmed over obsolete MB tech. Half their 'made in the US' line isn't. And, like just about everyone else in the industry, the lion's share of components in those cars came from global supply lines. It's remarkable given how much Chrysler had to do with things that they could still f-ck it up. :(
kalsta
May 3, 06:55 PM
Our highway exits are distanced usually by a mile. Changing the system would really mess that up unless we reconstruct all the exit ramps.
This argument is just too funny. Right, people are going to suddenly start missing exits they've always taken once the metric system comes in. Oh, and all the old houses that were built to Imperial measurements will have to be torn down and rebuilt.
Guys, to anyone living in a country that's already made the switch, your arguments really do sound very Chicken Little. The switch won't be cheap or easy in the short term, but one thinks it's inevitable eventually. Why keep putting it off onto the next generation? Your kids WILL thank you if you switch today.
This argument is just too funny. Right, people are going to suddenly start missing exits they've always taken once the metric system comes in. Oh, and all the old houses that were built to Imperial measurements will have to be torn down and rebuilt.
Guys, to anyone living in a country that's already made the switch, your arguments really do sound very Chicken Little. The switch won't be cheap or easy in the short term, but one thinks it's inevitable eventually. Why keep putting it off onto the next generation? Your kids WILL thank you if you switch today.
Tonsko
Nov 15, 11:06 AM
Is there anything it's not terribly good at? I've got some 6Gb ISOs and a couple of 40Gb Vms on my mbp...the scan gets to around 80% and then hangs. Could these be the culprits? I haven't tried excluding them yet, but thought I would canvas opinion as to the possible cause.
DudeDad
Mar 29, 10:48 AM
For any of these cloud-based services, what is the streaming bit-rate/SQ? What if you don't have a signal?
I have concerns about the agreement with Amazon, as other posters have wisely pointed out....I'm sure Apple's will be similar, if not better....time will tell...
I have concerns about the agreement with Amazon, as other posters have wisely pointed out....I'm sure Apple's will be similar, if not better....time will tell...
wildmac
Aug 7, 09:00 PM
These sound sweet, I want one.
But it's funny how the whole Mac Pro is a killer machine but they still neglect the video cards, seriously a nVidia Geforce 7300GT.
REPEAT AFTER ME: NOT EVERYONE NEEDS A VIDEO CARD WITH 512RAM. NOT EVERYONE IS PLAYING DOOM.
Seriously, a lot of these WORKSTATIONS will never use apps that require more than that video card. Many will be headless. Why put a $350 video card in there?..
It's called CHOICE.
But it's funny how the whole Mac Pro is a killer machine but they still neglect the video cards, seriously a nVidia Geforce 7300GT.
REPEAT AFTER ME: NOT EVERYONE NEEDS A VIDEO CARD WITH 512RAM. NOT EVERYONE IS PLAYING DOOM.
Seriously, a lot of these WORKSTATIONS will never use apps that require more than that video card. Many will be headless. Why put a $350 video card in there?..
It's called CHOICE.
bwintx
Aug 2, 11:20 AM
not to sound like a complete and utter noob! but,
what time is the keynote supose to go on?
im very excited at thins, as its the first WWDC i knew about in advance. lol
1 PM EDT/10 AM PDT/17:00 GMT (http://wwp.greenwichmeantime.com/).
what time is the keynote supose to go on?
im very excited at thins, as its the first WWDC i knew about in advance. lol
1 PM EDT/10 AM PDT/17:00 GMT (http://wwp.greenwichmeantime.com/).
Slipmip
Jul 21, 02:59 PM
Every PC Notebook? Eesh most of the notebooks my friends aren't purchasing (that aren't Macbooks - which is by far in the majority) have either AMD chips, P4 chips, or Pentium Mobile chips...
Apple has by far adopted Intel's new chips the fastest out of any other computer manufacturer I know - and hopefully they'll continue to do the same as Core 2 Duo chips are unveiled.
But did those notebooks cost 1200 bucks
Apple has by far adopted Intel's new chips the fastest out of any other computer manufacturer I know - and hopefully they'll continue to do the same as Core 2 Duo chips are unveiled.
But did those notebooks cost 1200 bucks
aixporter
Mar 31, 08:51 AM
It's been there since that last preview
mattwolfmatt
May 7, 10:21 AM
I get the feeling they are not really making any money on it, so it would make sense to give it away as a benefit of "using a mac."
Huh? If they aren't making any money for it now (with relatively few people paying for the service) how would it make sense to give it away for free (with many many more people not paying for it?)
I for one use it ALL the time. When you have more than one device (multiple macs, iphone), it's SO nice to have them sync wirelessly, immediately, and without having to login every time, on the native apps. iCal, Contacts, Safari links: I am a very frequent user of the mobileme syncing on all of these.
Huh? If they aren't making any money for it now (with relatively few people paying for the service) how would it make sense to give it away for free (with many many more people not paying for it?)
I for one use it ALL the time. When you have more than one device (multiple macs, iphone), it's SO nice to have them sync wirelessly, immediately, and without having to login every time, on the native apps. iCal, Contacts, Safari links: I am a very frequent user of the mobileme syncing on all of these.
biggreydog
Apr 21, 03:34 PM
1) Make it anodized aluminum black and 2) allow enough room for me to stuff in a AV receiver, BlueRay, Apple TV and put all the ports on the back (side).
mcmlxix
Apr 7, 10:53 AM
Maybe if enterprises really get on board, then sales will ramp up. But businesses are going to run three months of tests before they role out the big blackberries for the staff.
3 months? My company is *still* testing Windows 7. It *may* be rolled out the end of this year.
3 months? My company is *still* testing Windows 7. It *may* be rolled out the end of this year.
zin
Mar 27, 01:59 PM
Lion this summer, iOS 5 this fall. Makes sense to me :)
Preposterous! Apple would never delay a release of iOS from normal scheduling in favour of something related to the Mac. ;)
Preposterous! Apple would never delay a release of iOS from normal scheduling in favour of something related to the Mac. ;)
levitynyc
Apr 7, 10:04 AM
Build a new touch panel factory here in the USA!!!!
(oh wait, then we'd have to pay union employees not to work after 20 years with a budget crippling pension fund)
(oh wait, then we'd have to pay union employees not to work after 20 years with a budget crippling pension fund)
Tzu
Jul 21, 06:16 PM
Ohhhh BABY! Merom is all I'm waiting for before I get a new Pro. My old powerbook is just limping along... must.... hold out.... for new chipsets... arg!
anti-microsoft
Apr 25, 09:03 AM
From what I've read, this really isn't that big of an issue. The database is just a list (that's locally stored) of places that you've been to. If it was uploaded to Apple, I would definitely be concerned but if it's a local file, then what's the fuss?
To get to the information, people would have to either:
A. Steal your phone and access the file
B. Steal your computer and access your iPhone backups
C. Hack your phone and find the file (if that's even possible)
D. Hack your computer and access the backups
E. Follow you wherever you go (unlikely, but who knows)
To me those options are more worrying when it comes to privacy than a list of coordinates stored locally on your phone, hidden in some sub-folder.
Anyway, someone correct me if I'm wrong.
Ams.
To get to the information, people would have to either:
A. Steal your phone and access the file
B. Steal your computer and access your iPhone backups
C. Hack your phone and find the file (if that's even possible)
D. Hack your computer and access the backups
E. Follow you wherever you go (unlikely, but who knows)
To me those options are more worrying when it comes to privacy than a list of coordinates stored locally on your phone, hidden in some sub-folder.
Anyway, someone correct me if I'm wrong.
Ams.