jericho878
Sep 11, 06:22 AM
Probably nothing significant but I noticed that all but the standard configuration of the MacBook Pro now ships within 5-7 business days. Last night (Sunday), the same configuration shipped within 3-5 business days.
marvel2
Dec 6, 12:33 PM
Wow, I'm glad I bought mine when I did. Try to find a Mac reseller store near you and not an Apple Store. I bought mine for $99, no tax in Oregon at The Portland Mac Store (http://www.themacstore.com/locations/portland).
Prom1
Mar 27, 02:10 PM
How is a cloud based system going to work when bandwidth limits for cell phone data is low, and overage fees are high?
I really hope wwdc is going to focus on computers rather than its IOS toys.
Coming from a fellow mobile smartphone enthusiast ... I'm with you on this comment. iOS has its place ... yet with declining revenues/profits from the Desktop/Laptop lineup - despite increasing sales - I have a bad feeling that LION will NOT increase laptop/desktop sales.
LION is just too ... iOS centric focused yet Apple has already stated that touch-screens for laptops just don't make practical sense and that the trackpad is the best interraction for such concepts. I'm worried that their hold and innovation for Education (K12/Universities = iTunes U) will suffer since Mac Server doesn't exist as a separate feature OS vs a combined one. We'll see but I really wonder if this iOS is currupting our computing environment and not accelerating.
I really hope wwdc is going to focus on computers rather than its IOS toys.
Coming from a fellow mobile smartphone enthusiast ... I'm with you on this comment. iOS has its place ... yet with declining revenues/profits from the Desktop/Laptop lineup - despite increasing sales - I have a bad feeling that LION will NOT increase laptop/desktop sales.
LION is just too ... iOS centric focused yet Apple has already stated that touch-screens for laptops just don't make practical sense and that the trackpad is the best interraction for such concepts. I'm worried that their hold and innovation for Education (K12/Universities = iTunes U) will suffer since Mac Server doesn't exist as a separate feature OS vs a combined one. We'll see but I really wonder if this iOS is currupting our computing environment and not accelerating.
iScott428
Mar 29, 03:41 PM
The reason that simple, brainless product assembly is not done in the US has nothing to due with low quality. It is due to lower manufacturing costs in China, which has no regulations.
There is no evidence at all that American-made products are of lower quality than any other country's products. (Is there any fighter jet better than the American-made F-16 or F-22?)
Right I get that, and thats the point. On the military note does any country spend/waste more money than us on our armed forces. Not even close.
There is no evidence at all that American-made products are of lower quality than any other country's products. (Is there any fighter jet better than the American-made F-16 or F-22?)
Right I get that, and thats the point. On the military note does any country spend/waste more money than us on our armed forces. Not even close.
SiliconAddict
Nov 22, 11:23 PM
You took the words right out of my mouth.
I remember when Napster and Rio laughed at the iPod and iTunes, and 5 years later.:rolleyes:
The difference? For all intents and purposes the iPhone is a toy. phone + music. there is nothing wrong with catering to the average consumer. But the simple fact is businesses will not give it even a half second thought before they move on. Yes admittedly we have yet to see the final specs and features but without a touch screen and without a thumb keyboard the business world will pat Apple on the head, tell them that "awww isn't that cute", and walk away. Its not a business tool its a consumer product. A product that will sell like mad in traditional phone vs. iPhone markets but Blackberrry/Treo vs. iPhone? Not a chance in [bleep].
PS- That being said I WANT to be proven wrong. I want Apple to provide an expierence that covers music\contacts\calendar\todo\e-mail all in one sexy device but watching Apple over the years I've lost faith they they will try anything daring. Anything that really does take on the big guys. I'm willing to bet that whatever is released will be music\phone and if you are REALLY lucky limited calendar\contacts with no way to imput info. Prove me wrong Apple. Please.
I remember when Napster and Rio laughed at the iPod and iTunes, and 5 years later.:rolleyes:
The difference? For all intents and purposes the iPhone is a toy. phone + music. there is nothing wrong with catering to the average consumer. But the simple fact is businesses will not give it even a half second thought before they move on. Yes admittedly we have yet to see the final specs and features but without a touch screen and without a thumb keyboard the business world will pat Apple on the head, tell them that "awww isn't that cute", and walk away. Its not a business tool its a consumer product. A product that will sell like mad in traditional phone vs. iPhone markets but Blackberrry/Treo vs. iPhone? Not a chance in [bleep].
PS- That being said I WANT to be proven wrong. I want Apple to provide an expierence that covers music\contacts\calendar\todo\e-mail all in one sexy device but watching Apple over the years I've lost faith they they will try anything daring. Anything that really does take on the big guys. I'm willing to bet that whatever is released will be music\phone and if you are REALLY lucky limited calendar\contacts with no way to imput info. Prove me wrong Apple. Please.
3GEE
Nov 21, 07:51 PM
Has anyone been able to find this kit in Canada yet, I very much want to get one? The Apple Canada website says not yet available. I called the local Apple Store today and they told me that they don't carry it, but the Apple guy did say that they wouldn't be told about it until the day it becomes available.
milo
Aug 11, 10:52 AM
Apple is being more directly compared to Dell and such these days since they are running Intel chips. And the PC makers are going to put those processors in their computers as soon as they can. If Apple doesn't want to look like they are behind in the times, they have to put these processors in also.
Do you really think Dell will put merom in ALL laptops and not use yonah at all? I doubt it. Yonah will likely always be cheaper and we'll probably see it for a while in budget laptops. I could see yonah either staying in macbooks for a bit, or staying in the base model only (or even a special edu config like the iMac has).
MacBook and MacBook Pro are soldered. So no, you can't change it.
The iMac and MacMini are socketed.
And the Pro. :)
Are there any benchmarks for the Core 2 Duo chips? What would we be getting from the upgrade?
Supposedly about 20% faster at the same clock speed, plus they are 64 bit, but the benefits of that in these machines is somewhat debatable. It's a nice upgrade, but not a huge one.
Quite incorrect actually. The dfifference is not minimal and this isn't just a "speed bump". If you read up on the Yonah and Merom chip architectures, you'll see that that Merom has significant architectural improvements over Yonah, including a 4MB L2 cache and most notably 64-bit support over Yonah's 32-bit support. This is very significant since Jobs is pushing Leopard and its 64-bit goodness. :cool:
But that "goodness" mostly looks like greater memory access, which is a moot point in a machine with two ram slots. Most of the "goodness" isn't anything a laptop user will notice.
Do you really think Dell will put merom in ALL laptops and not use yonah at all? I doubt it. Yonah will likely always be cheaper and we'll probably see it for a while in budget laptops. I could see yonah either staying in macbooks for a bit, or staying in the base model only (or even a special edu config like the iMac has).
MacBook and MacBook Pro are soldered. So no, you can't change it.
The iMac and MacMini are socketed.
And the Pro. :)
Are there any benchmarks for the Core 2 Duo chips? What would we be getting from the upgrade?
Supposedly about 20% faster at the same clock speed, plus they are 64 bit, but the benefits of that in these machines is somewhat debatable. It's a nice upgrade, but not a huge one.
Quite incorrect actually. The dfifference is not minimal and this isn't just a "speed bump". If you read up on the Yonah and Merom chip architectures, you'll see that that Merom has significant architectural improvements over Yonah, including a 4MB L2 cache and most notably 64-bit support over Yonah's 32-bit support. This is very significant since Jobs is pushing Leopard and its 64-bit goodness. :cool:
But that "goodness" mostly looks like greater memory access, which is a moot point in a machine with two ram slots. Most of the "goodness" isn't anything a laptop user will notice.
BRLawyer
Sep 16, 11:17 AM
Thats some optimistic reading mister. Not VERY reliable, just reliable. And the report is not connected to the newest rumor, it's something they heard about earlier this year and they're unable to confirm that it applies to the 25th. Oh well, maybe you read another article than me?
Well, I want to believe, although I don't really think it will happen...but I WOULD buy it on the same day...12" inch powerful Apple notebook is the ONLY thing I need to replace my old and reliable iBook G3...
Well, I want to believe, although I don't really think it will happen...but I WOULD buy it on the same day...12" inch powerful Apple notebook is the ONLY thing I need to replace my old and reliable iBook G3...
ThaDoggg
Mar 26, 10:47 PM
I'd rather they make it perfect...have good features...no bugs...instead of giving us crap.
Matiandos
Sep 11, 02:58 PM
so I was looking around the apple store this afternoon till I noticed something :D
When selecting the MBP in the apple store you'll get some info below...
There's this one title where it shows front row... it says "It's showtime" :)
maybe it's a hint from apple :rolleyes: the MBP is the onle one where it says "it's showtime". the rest all say something else like "put on a show"...
ah well I'm just going crazy from waiting for the new MBP's...
(first post though I've been reading here for a long time)
Its a sign !!
btw, my first post too, been using the forum for buing advice for about a year, as long as I've had a mac. Now sold my iBook and awaiting MEROM MBPs
When selecting the MBP in the apple store you'll get some info below...
There's this one title where it shows front row... it says "It's showtime" :)
maybe it's a hint from apple :rolleyes: the MBP is the onle one where it says "it's showtime". the rest all say something else like "put on a show"...
ah well I'm just going crazy from waiting for the new MBP's...
(first post though I've been reading here for a long time)
Its a sign !!
btw, my first post too, been using the forum for buing advice for about a year, as long as I've had a mac. Now sold my iBook and awaiting MEROM MBPs
McGiord
May 6, 02:28 PM
Seriously it takes maybe a couple months to adjust to new systems of measure, it's really not that big of a deal and it certainly doesn't require any massive brain power to use metric vs. Imperial. The only preference I still have for imperial is food based. Can i have 500 grams of sliced ham? It just sounds wrong.
Also they teach both systems in grade school etc at least when I was in school.
Actually it is quite easy to order half a kilo of cheese, the question is if you wanted it grated, sliced or by the chunk, they've are pretty good at it.
Also they teach both systems in grade school etc at least when I was in school.
Actually it is quite easy to order half a kilo of cheese, the question is if you wanted it grated, sliced or by the chunk, they've are pretty good at it.
Tommyg117
Jul 29, 11:45 PM
If this had Verizon support, I'd be really pumped. My plan is up in 2 months!
solvs
Jul 22, 02:33 AM
Now before I'm lambarsted because the iMac is not a 'pro' machine, I am a professional graphic designer and I am in the market for one.
I was surprised that my iMac was as good as it was at doing Pro stuff, and it's a lowly G5. Just buy lots of RAM. Especially while you wait for Adobe to update to UBs.
I was surprised that my iMac was as good as it was at doing Pro stuff, and it's a lowly G5. Just buy lots of RAM. Especially while you wait for Adobe to update to UBs.
LxHunter
Nov 14, 01:50 PM
Thanks, will stay with Sophos
ChazUK
Apr 20, 01:29 AM
I'd love to see a three tier release. 3gs at the budget end, iPhone 4 in the midrange and the 5 at the top end.
Looking forward to whatever enhancements Apple bring with it.
Looking forward to whatever enhancements Apple bring with it.
mdriftmeyer
Apr 24, 12:13 AM
3200x2000 requires 6,400,000 pixels. At 32 bit per pixel, we're talking 25,600,000 bytes of data. Considering modern framebuffers are double buffered, this requires 51,200,000 bytes of memory to hold. That fits into 48.82 MB of RAM. GPUs have had that much since ... hum... 2004 ? So we're good on framebuffer RAM.
Now, bandwidth. In order to refresh the screen 60 times, we need to push out those 25,600,000 pixels. That's going to require 11718 Mbps of bandwidth. Let's see... Display port 1.1a has 10.8 Gbps so it's a no go (though it could almost do it). If only there was a DP 1.2 spec that had a 21.6 Gbps cap... Oh wait there is. :D
So we're good on RAM and bandwidth. Now, what ATI family introduces DP 1.2 so that we can use this new standard ? Oh right, the Radeon HD 6000 series, AMD's current shipping tech! Now if only Apple would release some kind of support for these GPUs, like they did back in 10.6.7 ;) :
http://appleheadlines.com/2011/03/24/10-6-7-update-brings-native-graphic-acceleration-for-amd-5000-and-6000-series-video-cards/
So let's see if I got all of this right. We're good on RAM (have been for quite a few years). We're good on bandwidth for 60 hz 3200x2000 resolution. We're good on hardware (AMD 6000 series) and we're good on OS X support (with 10.6.7).
What exactly is missing here ? Oh right, a hardware refresh with said hardware included, which is probably a formality seeing all of these news and facts :cool:
Stop with the well-thought out accountability of resources. People would rather wallow in conjecture about the future w/o bothering to research the present.
Now, bandwidth. In order to refresh the screen 60 times, we need to push out those 25,600,000 pixels. That's going to require 11718 Mbps of bandwidth. Let's see... Display port 1.1a has 10.8 Gbps so it's a no go (though it could almost do it). If only there was a DP 1.2 spec that had a 21.6 Gbps cap... Oh wait there is. :D
So we're good on RAM and bandwidth. Now, what ATI family introduces DP 1.2 so that we can use this new standard ? Oh right, the Radeon HD 6000 series, AMD's current shipping tech! Now if only Apple would release some kind of support for these GPUs, like they did back in 10.6.7 ;) :
http://appleheadlines.com/2011/03/24/10-6-7-update-brings-native-graphic-acceleration-for-amd-5000-and-6000-series-video-cards/
So let's see if I got all of this right. We're good on RAM (have been for quite a few years). We're good on bandwidth for 60 hz 3200x2000 resolution. We're good on hardware (AMD 6000 series) and we're good on OS X support (with 10.6.7).
What exactly is missing here ? Oh right, a hardware refresh with said hardware included, which is probably a formality seeing all of these news and facts :cool:
Stop with the well-thought out accountability of resources. People would rather wallow in conjecture about the future w/o bothering to research the present.
Unspeaked
Aug 2, 11:24 AM
I like this guy. He's being reasonable. However, I'd bet that Apple does NOT update any other Macs to Core 2. Yet. Save that for Expo Paris.
I agree with this 100%.
I agree with this 100%.
Popeye206
Apr 25, 09:35 AM
You do realize everything you said is untrue, right?
He does not care. Anything to slam Apple he will. See he never mentioned Google who does a similar thing!
He does not care. Anything to slam Apple he will. See he never mentioned Google who does a similar thing!
andiwm2003
Jul 21, 03:06 PM
.........................................3) The MacBook won't see an upgrade for a few months - maybe a speed bump in September, but otherwise, I wouldn't expect Core2Duo in it by maybe December or MWSF '07. Till then, your MB will be perfectly fine.
the macbook was released mid may 06. so i would expect some update in october given the fast processor updates.
certainly a good time for mac users.:)
the macbook was released mid may 06. so i would expect some update in october given the fast processor updates.
certainly a good time for mac users.:)
PBF
Mar 30, 08:09 PM
Still downloading (10 more hours to go)...
Those who experienced non-quitting iCal in DP1, can you quit it in DP2?
Also, can the Launchpad icon be dragged out of the dock?
Please, say 'yes' to the above 2 questions. :o
Those who experienced non-quitting iCal in DP1, can you quit it in DP2?
Also, can the Launchpad icon be dragged out of the dock?
Please, say 'yes' to the above 2 questions. :o
Popeye206
May 4, 07:48 PM
Why is everyone getting so bent out of shape so early? First off, this is hear say and not officially stated by Apple yet. If that time comes, I'm sure there will be the option of a physical disk, or some way to make a bootable install disk using disk utility. I mean this thing is already 9 pages long of people flipping out that OMG!!! ITS A DOWNLOAD!!! Guess what? Microsoft offers windows as a download, and guess what? You can burn it to a physical disk.. I can't believe so many people are already jumping the gun on a RUMOR. It's a RUMOR until Apple officially announces it...
If we don't freak out and complain about every rumor, there would be nothing to freak and complain about!
Which reminds me, people who complain about complainers, really freaks me out. :rolleyes:
If we don't freak out and complain about every rumor, there would be nothing to freak and complain about!
Which reminds me, people who complain about complainers, really freaks me out. :rolleyes:
nanofrog
Apr 23, 03:14 PM
It makes a lot of sense. Quietly cooling two CPUs, a high-end GPU, 8 DIMMs and multiple drives in such a form factor makes me a little dubious. That and it seems pure hearsay on the part of 9 to 5 mac.
Mods please don't lock this, discussion of Mac Pro related articles in the main news section is really hard to have as 90% of the posts are by people who have little interest or knowledge in the topic.
I like the idea (exists with other cases, and the one's I'm thinking of, such as offerings from SuperMicro, work very well).
My concern though, seems to be the same as yours. Specifically packing a workstation into a 3U enclosure. 4U or even 5U, fine, as there's sufficient space for full height PCIe cards and cooling (3U seems to tight though for a workstation that has to be planned thermally speaking with all slots filled).
Yet another sign Apple is going to kill the Mac Pro.
You'll see! With Final Cut Pro on it's deathbed there is no way the Mac Pro is sticking around!
/s
I get the sarcasm. My issues aren't with the concept of the case that's usable as both a tower or rackmount though.
As far as the MP's continuation, it's to do with the direction Intel's going to meet enterprise customer requirements/requests that I've noticed (more cores than most workstation software can utilize, and the price is going up as a result). Add in Apple's margin on smaller unit sales vs. other workstation vendors, it doesn't look good.
TB further complicates the issue, particularly when a single die consumer desktop CPU releases with 8 cores (not to far away), as the iMac could be considered as a replacement (not ideal, but functional enough for quite a few users).
Keep in mind, creative professionals don't actually need ECC as the software's not based on recursion (worst case, flipped bits due to radiation cause a bad pixel here and there, not the entire image).
doubtful, this is a key switcher market... it would be crazy to axe the very thing that will continue to switch the PC builders/gamers over the next 5 years... this is a key ingredient to apple taking the industry over with time.
Not so much lately, given the pricing since 2009 (enthusiast users are being forced out due to costs). Even professionals (i.e. independents and SMB's <particularly S for small>) are feeling the pinch as well, going by posts here on MR.
I think the iMac will take care of gamers...
This is what Apple expects them to buy from what I can tell (i.e. SP MP is ~$1000USD more than a PC equivalent).
You are essentially now using a PC with EFI firmware and OSX operating system. The only advantage over a hackintosh is that it's all fine tuned, modified and tested under one roof ....
Exactly.
From an electronics POV, the MP is made of the same equipment used in PC equivalents. Apple uses the case to distinguish it physically, and the firmware to lock OS X to the machine.
The desktop market has been exhausted and its time passed anywhere, so now it's all about mobile and portable computing.
This has been claimed for awhile, and in developed nations, it has its validity.
But when you look to less developed nations, desktops still out-sell laptops due to more bang-for-the-buck (i.e. look at China; they're less likely to have more than one system, so they choose the desktop for more power at a lower cost = higher desktop sales currently). This will change over time, but by then, citizens of developed nations may be so poor, that we have to dump laptops and devices for desktops again. :eek: :D :p
- Dust filters
Definitely, given the cost of the MP.
How does having the PSU on the bottom keep it cool?...
Hot air rises, so the heat generated by the PSU will just rise and fill up the case.
Unless I'm missing something or the laws of physics have changed in recent years?
The PSU doesn't run as hot as the CPU or GPU (hot air from the boards rising into the PSU doesn't do it any favors). Hot air off of the PSU heat sinks can be exhausted before it ever rises to the boards. More of a win-win.
Of course, by using baffling (separating the case into chambers), it won't matter that much anyway thermally speaking.
But even with baffles, the layouts are improved with PSU's located on the bottom IMO.
Mods please don't lock this, discussion of Mac Pro related articles in the main news section is really hard to have as 90% of the posts are by people who have little interest or knowledge in the topic.
I like the idea (exists with other cases, and the one's I'm thinking of, such as offerings from SuperMicro, work very well).
My concern though, seems to be the same as yours. Specifically packing a workstation into a 3U enclosure. 4U or even 5U, fine, as there's sufficient space for full height PCIe cards and cooling (3U seems to tight though for a workstation that has to be planned thermally speaking with all slots filled).
Yet another sign Apple is going to kill the Mac Pro.
You'll see! With Final Cut Pro on it's deathbed there is no way the Mac Pro is sticking around!
/s
I get the sarcasm. My issues aren't with the concept of the case that's usable as both a tower or rackmount though.
As far as the MP's continuation, it's to do with the direction Intel's going to meet enterprise customer requirements/requests that I've noticed (more cores than most workstation software can utilize, and the price is going up as a result). Add in Apple's margin on smaller unit sales vs. other workstation vendors, it doesn't look good.
TB further complicates the issue, particularly when a single die consumer desktop CPU releases with 8 cores (not to far away), as the iMac could be considered as a replacement (not ideal, but functional enough for quite a few users).
Keep in mind, creative professionals don't actually need ECC as the software's not based on recursion (worst case, flipped bits due to radiation cause a bad pixel here and there, not the entire image).
doubtful, this is a key switcher market... it would be crazy to axe the very thing that will continue to switch the PC builders/gamers over the next 5 years... this is a key ingredient to apple taking the industry over with time.
Not so much lately, given the pricing since 2009 (enthusiast users are being forced out due to costs). Even professionals (i.e. independents and SMB's <particularly S for small>) are feeling the pinch as well, going by posts here on MR.
I think the iMac will take care of gamers...
This is what Apple expects them to buy from what I can tell (i.e. SP MP is ~$1000USD more than a PC equivalent).
You are essentially now using a PC with EFI firmware and OSX operating system. The only advantage over a hackintosh is that it's all fine tuned, modified and tested under one roof ....
Exactly.
From an electronics POV, the MP is made of the same equipment used in PC equivalents. Apple uses the case to distinguish it physically, and the firmware to lock OS X to the machine.
The desktop market has been exhausted and its time passed anywhere, so now it's all about mobile and portable computing.
This has been claimed for awhile, and in developed nations, it has its validity.
But when you look to less developed nations, desktops still out-sell laptops due to more bang-for-the-buck (i.e. look at China; they're less likely to have more than one system, so they choose the desktop for more power at a lower cost = higher desktop sales currently). This will change over time, but by then, citizens of developed nations may be so poor, that we have to dump laptops and devices for desktops again. :eek: :D :p
- Dust filters
Definitely, given the cost of the MP.
How does having the PSU on the bottom keep it cool?...
Hot air rises, so the heat generated by the PSU will just rise and fill up the case.
Unless I'm missing something or the laws of physics have changed in recent years?
The PSU doesn't run as hot as the CPU or GPU (hot air from the boards rising into the PSU doesn't do it any favors). Hot air off of the PSU heat sinks can be exhausted before it ever rises to the boards. More of a win-win.
Of course, by using baffling (separating the case into chambers), it won't matter that much anyway thermally speaking.
But even with baffles, the layouts are improved with PSU's located on the bottom IMO.
iPhonedHome
Mar 28, 10:24 AM
If no new iPhone until 2012, then this further exemplifies Android = WINNING!
This makes no sense and thus hope it's just another BS rumor.
This makes no sense and thus hope it's just another BS rumor.
rdowns
Apr 14, 09:44 AM
Long and very interesting article on taxes. Very good read. (http://www.wweek.com/portland/article-17350-9_things_the_rich_dont_want_you_to_know_about_taxes.html)
As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know, to consider as you prepare to file your taxes. (All figures are inflation-adjusted.)
The Internal Revenue Service issues an annual report on the 400 highest income-tax payers. In 1961, there were 398 taxpayers who made $1 million or more, so I compared their income tax burdens from that year to 2007.
Despite skyrocketing incomes, the federal tax burden on the richest 400 has been slashed, thanks to a variety of loopholes, allowable deductions and other tools. The actual share of their income paid in taxes, according to the IRS, is 16.6 percent. Adding payroll taxes barely nudges that number.
Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007.
(By the way, during seven of the eight George W. Bush years, the IRS report on the top 400 taxpayers was labeled a state secret, a policy that the Obama administration overturned almost instantly after his inauguration.)
A corporate tax rate that is too low actually destroys jobs. That�s because a higher tax rate encourages businesses (who don�t want to pay taxes) to keep the profits in the business and reinvest, rather than pull them out as profits and have to pay high taxes.
The 2004 American Jobs Creation Act, which passed with bipartisan support, allowed more than 800 companies to bring profits that were untaxed but overseas back to the United States. Instead of paying the usual 35 percent tax, the companies paid just 5.25 percent.
The companies said bringing the money home��repatriating� it, they called it�would mean lots of jobs. Sen. John Ensign, the Nevada Republican, put the figure at 660,000 new jobs.
Pfizer, the drug company, was the biggest beneficiary. It brought home $37 billion, saving $11 billion in taxes. Almost immediately it started firing people. Since the law took effect, Pfizer has let 40,000 workers go. In all, it appears that at least 100,000 jobs were destroyed.
As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know, to consider as you prepare to file your taxes. (All figures are inflation-adjusted.)
The Internal Revenue Service issues an annual report on the 400 highest income-tax payers. In 1961, there were 398 taxpayers who made $1 million or more, so I compared their income tax burdens from that year to 2007.
Despite skyrocketing incomes, the federal tax burden on the richest 400 has been slashed, thanks to a variety of loopholes, allowable deductions and other tools. The actual share of their income paid in taxes, according to the IRS, is 16.6 percent. Adding payroll taxes barely nudges that number.
Compare that to the vast majority of Americans, whose share of their income going to federal taxes increased from 13.1 percent in 1961 to 22.5 percent in 2007.
(By the way, during seven of the eight George W. Bush years, the IRS report on the top 400 taxpayers was labeled a state secret, a policy that the Obama administration overturned almost instantly after his inauguration.)
A corporate tax rate that is too low actually destroys jobs. That�s because a higher tax rate encourages businesses (who don�t want to pay taxes) to keep the profits in the business and reinvest, rather than pull them out as profits and have to pay high taxes.
The 2004 American Jobs Creation Act, which passed with bipartisan support, allowed more than 800 companies to bring profits that were untaxed but overseas back to the United States. Instead of paying the usual 35 percent tax, the companies paid just 5.25 percent.
The companies said bringing the money home��repatriating� it, they called it�would mean lots of jobs. Sen. John Ensign, the Nevada Republican, put the figure at 660,000 new jobs.
Pfizer, the drug company, was the biggest beneficiary. It brought home $37 billion, saving $11 billion in taxes. Almost immediately it started firing people. Since the law took effect, Pfizer has let 40,000 workers go. In all, it appears that at least 100,000 jobs were destroyed.
