[DeTomaso] NPC: Love your country

[Will Kooiman]

Regardless of the tax rate, that¹s not why Apple manufactures in China.

They manufacture in China because China can support the labor.  In China,
you can hire 1 million laborers to assemble the iPhones, so the number
becomes 25 per person per month.  Of course, I¹m sure they don¹t have 1
million people assembling, but they probably have 100,000 or more in their
factory.  China excels at providing labor for repetitive tasks.

On 1/30/15, 5:47 PM, "Ken Green via DeTomaso" <detomaso at poca.com> wrote:

>   The article I read:
>   [1]http://www.forbes.com/sites/timworstall/2013/09/25/if-apple-brought-
>   iphone-manufacturing-to-the-us-it-would-cost-them-4-2-billion/
>   said the rate in china was a lot lower, was the article wrong?  Just
>   looked it up and found 15% in China for high tech products.
>   If that is correct, should there be a 15 to 20% import duty on goods
>   from China to make a fair playing field?
>   Ken
>     __________________________________________________________________
>
>   From: Konrad Szwab <kszwab at gmail.com>
>   To: Ken Green <kenn_green at yahoo.com>
>   Cc: Ron Fogle <rfogle1 at aol.com>; "knottsj at galstar.com"
>   <knottsj at galstar.com>; "detomaso at poca.com" <detomaso at poca.com>
>   Sent: Friday, January 30, 2015 2:34 PM
>   Subject: Re: [DeTomaso] NPC: Love your country
>   1. The U.S. business lobby never misses an opportunity to point out
>   that the 35% corporate tax rate is the highest in the industrialized
>   world. (With state taxes, itas about 39%.)
>   2. This is said to compare unfavorably to the statutory rate averages
>   of around 30% for most industrialized countries (the OECDas 2012
>   GDP-weighted average was 32%).
>   3. However, what corporations are really concerned about is not the
>   statutory rate, but the effective tax rate.
>   4. That rate covers the percent of profits paid in taxes once all the
>   deductions, credits and other complex provisions of the tax code are
>   taken into account.
>   5. The U.S. business lobby is usually completely mum about this rate,
>   effectively misleading the American and global public.
>   6. In terms of the effective corporate tax rate, the United States is
>   actually below the average of the big industrial countries, at about
>   26%.
>   7. As a result, the oft-heard claim that the U.S. corporate tax rate is
>   crippling the competitiveness of American business is, at best, avastly
>   overstated.a
>   8. The real issue in the United States isnat the level of taxation, but
>   the huge variation in effective tax rates paid by different companies
>   in different industries.
>   9. That is an entirely homemade problem a and the consequence of all
>   the shady lobbying that happens in Washington, D.C. day in and day out.
>   10. The U.S. Treasury estimates that U.S. retailers and wholesalers,
>   for example, pay an average effective federal tax rate of 31%, while
>   U.S. utilities pay an average of 14%. Other industries fall somewhere
>   in between.
>   On Fri, Jan 30, 2015 at 4:25 PM, Ken Green via DeTomaso
>   <[2]detomaso at poca.com> wrote:
>
>        Sad thing is that I looked up why Apple makes products in China.
>     It
>        was not labor cost, it is because of the high corporate tax
>     here.  Our
>        highest in the world corporate taxes are driving manufacturing
>     (and
>        jobs) out of the US, and not bringing in more total revenue.
>     What kind
>        of idiot does that?
>        Ken
>
>     __________________________________________________________________
>        From: Ron Fogle via DeTomaso <[3]detomaso at poca.com>
>        To: [4]knottsj at galstar.com; [5]detomaso at poca.com
>        Sent: Friday, January 30, 2015 2:14 PM
>        Subject: Re: [DeTomaso] NPC: Love your country
>          Hey Gang
>          I have trouble wrapping my head around the "big" numbers.  I
>     read
>        this
>          week that Apple sold 75 Million I phones in the past quarter.
>     How do
>          you manufacture 75 Million anything in three months, much less
>          something as complicated as an I phone.  That's 35,000 an hour,
>     or
>        600
>          per minute, in the box and ready to go, 24/7 for 90 days.
>     Somebody
>          somewhere is busting some serious ass.  Also read an article
>     about
>        New
>          Orleans wanting 250 Billion federal dollars for improvements.
>     That
>          works out to like $500,000/household.  It starts not making
>     sense....
>          I don't even want to try Trillions!  I'll be depressed all
>     weekend,
>          Ron
>          Ronald M. Fogle
>          President
>          Cuyahoga Valley Management, Inc.
>          -----Original Message-----
>
>        From: Jerry Knotts <[1][6]knottsj at galstar.com>
>        To: detomaso <[2][7]detomaso at poca.com>
>        Sent: Fri, Jan 30, 2015 5:00 pm
>        Subject: Re: [DeTomaso] NPC: Love your country
>        Don't know which side of the aisle I am on but I would prefer not
>   to
>        pay my portion of the national debt today.  It is $67,000 for each
>      man
>        woman and child in the country.  That amount will handle the debt
>      today
>        providing there are  300,000,000 people that pay today also.
>        Feeling broke,
>        jerry knotts
>        On 1/30/2015 3:05 PM, Larry Finch via DeTomaso wrote:
>        Roland wrote -
>      What about the education of your kids? For the costs of highscool
>   and
>      college for two kids in the US, you can buy three or more Mustangs
>   in
>      your country.
>      Not counted the costs of health insurance and welfare. This will
>   bring
>      you another few beloved US cars.
>      Just my 2 cents.
>      ------------------------
>      Thanks for that insight, Roland.You understand this issue better
>   than
>      many Ameri
>      cans do.
>      Have you heard about this one  -
>      Here in the USA, the GOP controlled congress passed a budget bill,
>      signed by the
>      President,  that defunded the IRS 346 million dollars. All in the
>   name
>      of reign
>      ing in the TAX MONSTER.
>      YEA!! Let's stick it to the IRS. That will show them damn government
>      revenue age
>      nts.
>      The IRS commissioner wrote those cuts would result in a loss of $2
>      BILLION in lo
>      st tax collections.
>      Save $346 million but lose $2 billion.  Sorry, I guess I just don't
>      understand e
>      conomics as well as my elected officials.
>      I do understand the idea for smaller and more efficient government.
>      Many want it
>      to be run more efficiently, like a business.
>      Therefore, I do not understand the "business" logic of handicapping
>      your source
>      of income - tax collection.
>      I'll stop for now. I'm sure I've already provided fodder for some
>      interesting ri
>      ght-side-of-the-aisle replies.  ;-)
>      Larry
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>References
>
>   1. 
>http://www.forbes.com/sites/timworstall/2013/09/25/if-apple-brought-iphone
>-manufacturing-to-the-us-it-would-cost-them-4-2-billion/
>   2. mailto:detomaso at poca.com
>   3. mailto:detomaso at poca.com
>   4. mailto:knottsj at galstar.com
>   5. mailto:detomaso at poca.com
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