California’s insufficient bite of the Apple
The New York Times is shocked that Apple seeks to minimize its liability under California’s exorbitant tax rates by moving profits to lower taxing states and countries. The paper melodramatically suggests in a front page “expose” today that the economic woes of a local community college, attended in the early 1970s by Apple founder Steve Wozniak, are directly related to Apple’s stinginess.
I wonder if Arthur Sulzberger, Jr., and other Times executives employ tax attorneys for their personal finances or for those of the paper. And if Apple paid more taxes in California, how much would reach the classrooms of Cupertino’s De Anza College, as opposed to bankrolling the thousands of diversity bureaucrats throughout the state’s university and college systems, not to mention funding astronomical public employee union benefits or bloated
government agencies and their ineffective social uplift programs.
The Times can’t contemplate that the solution to tax avoidance is to lower taxes and reduce the magnitude of government spending. It’s too bad that the titans of Silicon Valley don’t have the guts to speak out about the economic realities that drive business decisions.