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Woz: All Companies Should Pay 50 Percent in Taxes

posted by n1 on Monday April 25 2016, @06:51PM   Printer-friendly
from the render-unto-caesar dept.

-- OriginalOwner_ writes:

El Reg reports

Steve Wozniak has spoken out against Apple's tax affairs, saying all companies ought to pay 50 per cent in taxes.

Speaking to BBC Radio 5 Live he said: "I don't like the idea that Apple might be unfair--not paying taxes the way I do as a person.

"I do a lot of work, I do a lot of travel and I pay over 50 per cent of anything I make in taxes and I believe that's part of life and you should do it."

Asked if Apple should pay that amount, he replied: "Every company in the world should."

According to Woz, money was never a factor when he started the biz with Steve Jobs 40 years ago. He added: "Steve Jobs started Apple Computers for money, that was his big thing and that was extremely important and critical and good."

Europe is currently scrutinising Ireland's tax arrangements with Apple over an alleged sweetheart deal with the company. Some have speculated the probe could lead to Apple paying $8bn in back taxes, even though the case is against the Irish government.

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  • (Score: 4, Interesting) by opinionated_science on Monday April 25 2016, @08:32PM

    by opinionated_science (4031) on Monday April 25 2016, @08:32PM (#337093)

    the point is companies ONLY pay tax after they deduct expenses.

    Citizens pay tax BEFORE they pay expenses.

    Therefore, it is mathematically impossible to be fair.

      Since companies can file expense for "everything that makes $COMPANY tick including the employees"

    Citizens can only file expenses for a bit of medical, a bit of housing and none of living.

    Therefore, to be rich you need to form a company to basically make your way of life its mission, then you can deduct like the big corps.

    That make sense?

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  • (Score: 0) by Anonymous Coward on Monday April 25 2016, @08:41PM

    by Anonymous Coward on Monday April 25 2016, @08:41PM (#337099)

    No it doesn't make sense, because you're being willfully obtuse, by failing to acknowledge that the standard deduction is a deduction for the living expenses of citizens.

    • (Score: 0) by Anonymous Coward on Monday April 25 2016, @09:18PM

      by Anonymous Coward on Monday April 25 2016, @09:18PM (#337127)

      Except my standard deduction is nowhere near the amount of money I need to live unless I was living on the street.

    • (Score: 0) by Anonymous Coward on Monday April 25 2016, @09:59PM

      by Anonymous Coward on Monday April 25 2016, @09:59PM (#337149)

      Doesn't even come close to covering the cost of my rent much less the vehicle payment, insurance, food, gas, electricity, natural gas.

      If corps get to exclude everything I should be able to as well.

  • (Score: 2) by RedBear on Tuesday April 26 2016, @11:19AM

    by RedBear (1734) on Tuesday April 26 2016, @11:19AM (#337417)

    the point is companies ONLY pay tax after they deduct expenses.
    Citizens pay tax BEFORE they pay expenses.
    Therefore, it is mathematically impossible to be fair.
        Since companies can file expense for "everything that makes $COMPANY tick including the employees"
    Citizens can only file expenses for a bit of medical, a bit of housing and none of living.
    Therefore, to be rich you need to form a company to basically make your way of life its mission, then you can deduct like the big corps.
    That make sense?

    Herein you have succinctly encapsulated the entire message of Robert Kiyosaki's "Rich Dad, Poor Dad" series. (Please note that I do not advocate any of Kiyosaki's stuff as having any relevant application to reality.)

    --
    ¯\_ʕ◔.◔ʔ_/¯ LOL. I dunno. I'm just a bear.
    ... Peace out. Got bear stuff to do. 彡ʕ⌐■.■ʔ