02-12-2013, 11:28 AM
Location: East Fallowfield, PA
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02-12-2013, 11:35 AM
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Quote:
Originally Posted by
MovingAloha
Too bad they don't employ many people and all the manuf'ing is done overseas.
Further, As I recall, many of these tech companies don't pay Calif. much in way of tax :
How Apple Sidesteps Billions in Taxes
Google's tax avoidance is called 'capitalism', says chairman Eric Schmidt - Telegraph
Facebook was able to slash its tax rate by using an accounting maneuver known as the "Double Irish."
Nvidia :
This multinational company manufactures graphics processing units (GPUs) and chipsets for various computers. Their hardware covers markets from gaming to supercomputing, computer-aided design to smartphones.Here’s that multinational tech company equation again: Tech + diverse product line + global reach = > loophole use to avoid taxes. For about $1.8 billion in net profit during 2005-2009, NVIDIA only paid $41 million in taxes, or a 2.2% tax rate.
Their workaround for this was entirely legal. Like other tech firms,
NVIDIA does much of their R&D over here, granting them huge IRS tax credits . Then they shill their products out to countries with a low tax rate. NVIDIA’s slogan is “NVIDIA – The Way It’s Meant To Be Played.” Oddly fitting, considering how they are playing the government like a harp.
So, hey.. If you are all for it so am I. I work for one of the valley's largest tech companies and am invested in many others. Cept', I no longer work for them in Calif nor live there. You see, private citizens don't have access to all the tax maneuvers corps do. More money for me I guess. Gluck to everyone else. It's no wonder even though people keep ranting about the small amnt of highly paid people tech employs in Calif. and the record amnt these companies make that Calif. has the highest poverty rate in the U.S and still is broke.
I always find it laughable when people cheer on a small minority of highly paid individuals/corps making tons of money and it resulting in no great advantage for them or their state.
They got the memo.. The one about tax loop holes :
http://en.wikipedia.org/wiki/Double_Irish_arrangement
Major companies known to employ the double Irish strategy are:
Apple Inc.[4]
Facebook[6]
Google[5][6][7]
Microsoft[5]
Oracle Corp.[5]
Adobe Systems[5]
Some of Calif's best and brightest...
Last edited by yeahthatguy; 02-12-2013 at 11:46 AM ..
02-12-2013, 11:51 AM
Location: Police State
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Funny how Montclair ignores such inconvenient truths as these.
02-12-2013, 12:14 PM
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Quote:
Originally Posted by
Fontucky
Remember when the Texas economy crashed in '83? I'll bet the doom and gloomers thought they'd never see light at the end of the tunnel again.
It did? I didn't really pay much attention to Texas back then.
Weren't we in general recovery here in CA then? Getting over stagflation?
I won't bet ya about the doom and gloomers though. That's a losing bet for sure.
02-12-2013, 12:21 PM
411 posts, read
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Quote:
Originally Posted by
yeahthatguy
Too bad they don't employ many people and all the manuf'ing is done overseas.
Further, As I recall, many of these tech companies don't pay Calif. much in way of tax :
How Apple Sidesteps Billions in Taxes
Google's tax avoidance is called 'capitalism', says chairman Eric Schmidt - Telegraph
Facebook was able to slash its tax rate by using an accounting maneuver known as the "Double Irish."
Nvidia :
This multinational company manufactures graphics processing units (GPUs) and chipsets for various computers. Their hardware covers markets from gaming to supercomputing, computer-aided design to smartphones.Here’s that multinational tech company equation again: Tech + diverse product line + global reach = > loophole use to avoid taxes. For about $1.8 billion in net profit during 2005-2009, NVIDIA only paid $41 million in taxes, or a 2.2% tax rate.
Their workaround for this was entirely legal. Like other tech firms,
NVIDIA does much of their R&D over here, granting them huge IRS tax credits . Then they shill their products out to countries with a low tax rate. NVIDIA’s slogan is “NVIDIA – The Way It’s Meant To Be Played.” Oddly fitting, considering how they are playing the government like a harp.
So, hey.. If you are all for it so am I. I work for one of the valley's largest tech companies and am invested in many others. Cept', I no longer work for them in Calif nor live there. You see, private citizens don't have access to all the tax maneuvers corps do. More money for me I guess. Gluck to everyone else. It's no wonder even though people keep ranting about the small amnt of highly paid people tech employs in Calif. and the record amnt these companies make that Calif. has the highest poverty rate in the U.S and still is broke.
I always find it laughable when people cheer on a small minority of highly paid individuals/corps making tons of money and it resulting in no great advantage for them or their state.
They got the memo.. The one about tax loop holes :
Double Irish arrangement - Wikipedia, the free encyclopedia
Major companies known to employ the double Irish strategy are:
Apple Inc.[4]
Facebook[6]
Google[5][6][7]
Microsoft[5]
Oracle Corp.[5]
Adobe Systems[5]
Some of Calif's best and brightest...
Right because none of the billions of dollars these companies make (or save in taxes) goes towards things like buying real estate (like here), hiring employees, investing in R&D and IP, or other capital investments. Nvidia et al. might not hire tons of 50k/year manufacturing workers, but they do hire thousands of college-educated employees who mostly make over 100k per year, not to mention hiring ppl in other industries like marketing, law, finance, consulting, etc. (list goes on). While such high-skill jobs don't employ as many ppl as manufacturing--actually that's not really true given how manufacturing is increasingly done by machines--they still employ a lot of ppl, especially when you consider just how many tech companies are in SF/SV. Those high-skill workers make more money and do pay taxes, far more taxes than low-wage workers. And those employees don't tend to use an array of complex tax avoidance strategies to lower their tax burden
Now if you're post is just about how tax avoidance strategies for mega-corporations should be banned, that's one thing, but your post suggests Nvidia's expansion isn't a sign of good things for CA's economy. I'm sure Nvidia's expansion of 1M sq ft in office space has nothing to do with increased hiring and investment
02-12-2013, 12:29 PM
Location: So California
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Quote:
Originally Posted by
Fontucky
Remember when the Texas economy crashed in '83? I'll bet the doom and gloomers thought they'd never see light at the end of the tunnel again.
That was far before my time here, but it seems the "golden years" for Texas are right now. Ive been here since 96 and havent seen any type of significant crash.
02-12-2013, 12:30 PM
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Quote:
Originally Posted by
Fontucky
Shoot. I wonder how many oil busts I've forgotten about or not really paid any attention to?
02-12-2013, 12:31 PM
Location: So California
8,704 posts, read
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Quote:
Originally Posted by
Fontucky
The permian basin is out of control booming right now. I think the difference between now and then, is that now the state is booming in other ways besides energy. Back then energy was the overwhelming factor.
02-12-2013, 12:51 PM
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Quote:
Originally Posted by
checkup
Right because none of the billions of dollars these companies make (or save in taxes) goes towards things like buying real estate (like here), hiring employees, investing in R&D and IP, or other capital investments.
Right because that amounts to big bucks in the scheme of things. So much so that with over a trillion dollars in market cap, a handful of Calif's tech titans should benefit California so much that it would be debt free... It should help California's situation so much that California wouldn't be the state w/ the highest poverty rate in the U.S. Except it doesn't. It benefits shareholders all over the world primarily and a small amount of highly paid engineers like myself...Sorry, calif. doesn't get the lionshare of the benefits and the ones you listed are a drop in the bucket.
Quote:
Originally Posted by
checkup
Nvidia et al. might not hire tons of 50k/year manufacturing workers, but they do hire thousands of college-educated employees who mostly make over 100k per year, not to mention hiring ppl in other industries like marketing, law, finance, consulting, etc. (list goes on).
I would know, I am one of those small amnt of thousands of college educated employees who makes well over 100k a year. I am thankful for my Calif. job and having found a solution whereby I don't pay any Calif. taxes. Now that we've established how it benefits me. Explain how it benefits calif. w/ all its debt and highest poverty rate.
Quote:
Originally Posted by
checkup
While such high-skill jobs don't employ as many ppl as manufacturing--actually that's not really true given how manufacturing is increasingly done by machines--they still employ a lot of ppl, especially when you consider just how many tech companies are in SF/SV. Those high-skill workers make more money and do pay taxes, far more taxes than low-wage workers. And those employees don't tend to use an array of complex tax avoidance strategies to lower their tax burden
So basically, Calif. lets the corps. dodge taxes knowingly .. lets them 'build it'.. waits for suckers to come.... and then taxes the snot out of em. Gotcha.. Which is why I left and took my highly paid job w/ me. I found a nice 'loophole' myself. B.T.W - Tahoe was lovely this year !
Quote:
Originally Posted by
checkup
Now if you're post is just about how tax avoidance strategies for mega-corporations should be banned, that's one thing, but your post suggests Nvidia's expansion isn't a sign of good things for CA's economy. I'm sure Nvidia's expansion of 1M sq ft in office space has nothing to do with increased hiring and investment
It's a sign of good things in the global economy whereby most of the demand is coming from international markets. Its a good thing for shareholders. It's a good thing for the couple thousand of people Nvidia employs.. Not sure if the bucket drop for Calif. is that great.
America isn't doing so well if you checked headlines lately :
8,830,026: Americans on Disability Hits New Record for 192nd Straight Month | CNS News
Chart of people in food stamps.. Also at record highs :
So, unless you are a tech worker (tens or thousands? hundreds) or shareholder making tons of money from this practice, I have no idea what you're cheering about.
For all intents purposes, many of these corp's money, although cheerfully paraded as being a part of Calif's GDP is anything but in Calif. or taxed in Calif.
So, cheer it on. I know I am lovin it on my end. Go Nvidia, FB, Google !
On a side note, I know tons of friends in Calif that have their net based startups incorporated elsewhere .. like Delaware.. Something about not wanting to pay Calif.'s taxes came up.
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Industry diversity
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Most Common Occupations - Food preparation and serving related occupations (%)
Most Common Occupations - Building and grounds cleaning and maintenance occupations (%)
Most Common Occupations - Personal care and service occupations (%)
Most Common Occupations - Sales and office occupations (%)
Most Common Occupations - Sales and related occupations (%)
Most Common Occupations - Office and administrative support occupations (%)
Most Common Occupations - Natural resources, construction, and maintenance occupations (%)
Most Common Occupations - Farming, fishing, and forestry occupations (%)
Most Common Occupations - Construction and extraction occupations (%)
Most Common Occupations - Installation, maintenance, and repair occupations (%)
Most Common Occupations - Production, transportation, and material moving occupations (%)
Most Common Occupations - Production occupations (%)
Most Common Occupations - Transportation occupations (%)
Most Common Occupations - Material moving occupations (%)
People in Group quarters - Institutionalized population (%)
People in Group quarters - Correctional institutions (%)
People in Group quarters - Federal prisons and detention centers (%)
People in Group quarters - Halfway houses (%)
People in Group quarters - Local jails and other confinement facilities (including police lockups) (%)
People in Group quarters - Military disciplinary barracks (%)
People in Group quarters - State prisons (%)
People in Group quarters - Other types of correctional institutions (%)
People in Group quarters - Nursing homes (%)
People in Group quarters - Hospitals/wards, hospices, and schools for the handicapped (%)
People in Group quarters - Hospitals/wards and hospices for chronically ill (%)
People in Group quarters - Hospices or homes for chronically ill (%)
People in Group quarters - Military hospitals or wards for chronically ill (%)
People in Group quarters - Other hospitals or wards for chronically ill (%)
People in Group quarters - Hospitals or wards for drug/alcohol abuse (%)
People in Group quarters - Mental (Psychiatric) hospitals or wards (%)
People in Group quarters - Schools, hospitals, or wards for the mentally retarded (%)
People in Group quarters - Schools, hospitals, or wards for the physically handicapped (%)
People in Group quarters - Institutions for the deaf (%)
People in Group quarters - Institutions for the blind (%)
People in Group quarters - Orthopedic wards and institutions for the physically handicapped (%)
People in Group quarters - Wards in general hospitals for patients who have no usual home elsewhere (%)
People in Group quarters - Wards in military hospitals for patients who have no usual home elsewhere (%)
People in Group quarters - Juvenile institutions (%)
People in Group quarters - Long-term care (%)
People in Group quarters - Homes for abused, dependent, and neglected children (%)
People in Group quarters - Residential treatment centers for emotionally disturbed children (%)
People in Group quarters - Training schools for juvenile delinquents (%)
People in Group quarters - Short-term care, detention or diagnostic centers for delinquent children (%)
People in Group quarters - Type of juvenile institution unknown (%)
People in Group quarters - Noninstitutionalized population (%)
People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
People in Group quarters - Group homes (%)
People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
People in Group quarters - Homes for the physically handicapped (%)
People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
Residents speaking English at home - Foreign born (%)
Residents speaking Spanish at home (%)
Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)
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