Tuesday, September 25, 2012

Apple's profits double, tax rate falls to Romney level: 9.8%

(Please disregard the possible degree mill that produced this infographic as a strange form of advertising. Diploma mills are some of the most exploitive, predatory and shameful enterprises out there.)

Apple's profit margins are simply criminal.  $319 for each new iPhone, net profit.  Foxconn gets $8/phone assembled.  The situation in China is unsustainable, to say the least, politically, environmentally, and socially.  A few casino capitalists are getting very, very rich for at most another decade before shit hits the fan.

At what cost?

  Masters of Tax Evasion

No comments: