Does Apple boost the US GDP?
I heard apple made $36 billion dollars from the new iPhones last weekend. That's just the first weekend. Then think of their other products. They sell lots.
I know they pay federal tax to the US government because it's a US company. But out of that $36 billion they made, how much GDP has been created through tax?
Big companies I'm sure greatly affect things like this. Oil companies would also greatly affect it I'm sure along with Microsoft, IBM, and other companies that export alot.
If apple made $36 billion in profits, then all of $36 billion is added to GDP.
GDP was further increased by salaries of Apple store employees, rent and property taxes that Apple pays on its stores, extra electricity they use, etc.
Tax does not create GDP, it just redistributes it from consumers to government.
Tax creates revenue for the government.
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