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Thursday, October 21, 2010 - 7:43pmSanction this postReply
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That's on overseas income. The article says their overall effective tax rate is 22.2%. But yeah, Go Google! It's just too bad that so much brain power has to go into these stupid accounting games just in order to hang on to a bit more profit.

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Thursday, October 21, 2010 - 9:40pmSanction this postReply
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It is the first sentence that grabbed me, "Google Inc. cut its taxes by $3.1 billion in the last three years..."

I'm thinking two things:
1.) Why should any company have to pay so much in taxes that bill is measured in BILLIONS! I can still remember the feeling of stark horror and deep anger the first time I had to sign a check to the government with only 6 digits to the left of the decimal place.
2.) And, I'm glad that all of us who aren't parasites can celebrate that there are 3 billion more dollars that stayed in the private sector where it will benefit us.

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Friday, October 22, 2010 - 6:26amSanction this postReply
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I love how these articles word the lack of certain taxes collected as "costing" the government. Interesting word to use. I suppose home burglars can say house alarms have cost them billions of dollars in lost revenue as well.

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Friday, October 22, 2010 - 6:43amSanction this postReply
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John,

I suppose home burglars can say house alarms have cost them billions of dollars in lost revenue as well.
What a great way to put it.

Ed




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Friday, October 22, 2010 - 7:19amSanction this postReply
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Yes, that rather well sums it up...

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