Topic: False Advertising?
started by: Expatriate
Posted by Expatriate on May 19 2014,8:13 pm
False Advertising?The Republican’s have a sign on East Main claiming they create jobs!
In the United States, consumer spending accounts for approximately 70 percent of economic activity. If consumers don’t have adequate purchasing power, businesses have no incentive to expand or hire additional workers. Because the rich spend a smaller proportion of their incomes than the middle class and the poor, it stands to reason that any Party policy attempting to destroy collective bargaining, unions, that continually votes against minimum wage doesn’t create jobs!
It’s trickle up economics not Republican style trickle down that creates jobs!
Posted by Expatriate on May 19 2014,8:34 pm
Posted by Self-Banished on May 20 2014,3:36 am
Yeah! 
Posted by grassman on May 20 2014,6:18 am
Ok SB, you found a neat little propaganda attachment. Nice. Now go back, watch the video again and take notes this time so you can reflect what it says. The decline of the working class did not start with the Obama administration, the jump in the wealth of the top 1% did not start then either. You let the ones that are taking us all for a ride come out of your mouth. Eventually there will be no come back from all of this. Hunger Games may become more than a movie. 
Posted by Self-Banished on May 20 2014,7:23 am
Jeezus! I've said this many times, it's all out there, one only needs to show some ambition. Seems the ones that bitch are those who sit on their fat ass's and expect handouts
Posted by Botto 82 on May 20 2014,8:24 am
Nothing counters that nonsense as easily as this passage from Slaughterhouse Five:QUOTE
Americans, like human beings everywhere, believe many things that are obviously untrue, the monograph went on. Their most destructive untruth is that it is very easy for any American to make money. They will not acknowledge how in fact hard money is to
come by, and, therefore, those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say, Napoleonic times.
come by, and, therefore, those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and powerful, who have had to do less for their poor, publicly and privately, than any other ruling class since, say, Napoleonic times.
Posted by Self-Banished on May 20 2014,8:30 am
^^oh wow, Vonnegut
Posted by Botto 82 on May 20 2014,8:31 am
Hey, if it works, don't frak with it... 
Posted by Self-Banished on May 20 2014,1:02 pm
^^frakking is a good thing. 
Posted by Expatriate on May 22 2014,10:33 am
(Self-Banished @ May 20 2014,1:02 pm)
QUOTE
Must have missed that one.
< http://www.youtube.com/watch?v=CKCvf8E7V1g >
If you can’t stream here’s the Full Inequality Speech and Slideshow!
< http://www.theatlantic.com/busines...3 >
Posted by Self-Banished on May 22 2014,2:22 pm
^^^ ah! one of the Guilty feeling rich that were born with a silver spoon up their ass. Spare meWho do you think creates jobs then? The Gov.? Poor people? I worked for a poor man once, checks kept bouncing, we had to have a "talk".
Posted by Moparman on May 22 2014,4:28 pm
Demand for products and services create jobs. A private company lands a govt contract jobs are created to meet that demand. Poor people need to buy cheap stuff from china jobs are created to meet that demand, you know, like people that haul cheap stuff from china. So did this poor ex boss say "Life's tough buttercup, can't get blood from a turnip"
Posted by Self-Banished on May 22 2014,5:08 pm
There are only so many gov. contracts I wonder how many things in your house aren't american made?
Posted by Self-Banished on May 22 2014,5:10 pm
(Moparman @ May 22 2014,4:28 pm)
QUOTE
So did this poor ex boss say "Life's tough buttercup, can't get blood from a turnip"
No, he came up with the money he owed me, in cash no less.
It was a good "talk"
Posted by grassman on May 23 2014,8:02 am
(Expatriate @ May 22 2014,10:33 am)
QUOTE
(Self-Banished @ May 20 2014,1:02 pm)
QUOTE
Must have missed that one.
< http://www.youtube.com/watch?v=CKCvf8E7V1g >
If you can’t stream here’s the Full Inequality Speech and Slideshow!
< http://www.theatlantic.com/busines...3 >
Speaking of sideshows...
Posted by Expatriate on May 23 2014,9:42 am
(Self-Banished @ May 22 2014,2:22 pm)
QUOTE
^^^ ah! one of the Guilty feeling rich that were born with a silver spoon up their ass. Spare me
Who do you think creates jobs then? The Gov.? Poor people? I worked for a poor man once, checks kept bouncing, we had to have a "talk".
Who do you think creates jobs then? The Gov.? Poor people? I worked for a poor man once, checks kept bouncing, we had to have a "talk".
So
With over half our fellow Americans qualifying for food stamps something has definitely gone wrong with the Capitalist system!
Most of these people are working but getting nowhere but farther in debt while the true fruits of their labor rises to the top
on a trickle down scam, Voodoo economic plan, Reagan legacy!
Capitalism must be saved from it’s own excesses, work must pay, the rich must pay, measures must be taken to reverse widening inequality!
Why would billionaires like Hanauer care, because the man is a visionary, he can see things before they happen, he’s smart enough to know top heavy
structures collapse under their own weight!
A fair day's wage for a fair day's work
Posted by Expatriate on May 23 2014,11:16 am
Posted by Self-Banished on May 23 2014,11:34 am
(Expatriate @ May 23 2014,9:42 am)
QUOTE
(Self-Banished @ May 22 2014,2:22 pm)
QUOTE
^^^ ah! one of the Guilty feeling rich that were born with a silver spoon up their ass. Spare me
Who do you think creates jobs then? The Gov.? Poor people? I worked for a poor man once, checks kept bouncing, we had to have a "talk".
Who do you think creates jobs then? The Gov.? Poor people? I worked for a poor man once, checks kept bouncing, we had to have a "talk".
So
With over half our fellow Americans qualifying for food stamps something has definitely gone wrong with the Capitalist system!
Most of these people are working but getting nowhere but farther in debt while the true fruits of their labor rises to the top
on a trickle down scam, Voodoo economic plan, Reagan legacy!
Capitalism must be saved from it’s own excesses, work must pay, the rich must pay, measures must be taken to reverse widening inequality!
Why would billionaires like Hanauer care, because the man is a visionary, he can see things before they happen, he’s smart enough to know top heavy
structures collapse under their own weight!
A fair day's wage for a fair day's work
Typical teabagger response? I've lived with the economic situation we enjoy my whole career, and have done very well with it. It's all a matter of how much one wants to succeed. You sound bitter Exlax, maybe if you'd had staked your own claim in life instead of promoting some bullsh!t union you'd be further along in life. Hard work and success go hand in hand but I suppose the world needs ditch diggers too.
Are you on food stamps??? I suppose banana's are eligible to be bought with the shameless EBT card. The gov. Should go back to the script notes, draw a little shame with it.
You say you're union Exlax, I fear you wouldn't know what a real days work involves.
Posted by Expatriate on May 23 2014,12:16 pm
(Self-Banished @ May 23 2014,11:34 am)
QUOTE
Typical teabagger response? I've lived with the economic situation we enjoy my whole career, and have done very well with it. It's all a matter of how much one wants to succeed. You sound bitter Exlax, maybe if you'd had staked your own claim in life instead of promoting some bullsh!t union you'd be further along in life. Hard work and success go hand in hand but I suppose the world needs ditch diggers too.
Are you on food stamps??? I suppose banana's are eligible to be bought with the shameless EBT card. The gov. Should go back to the script notes, draw a little shame with it.
You say you're union Exlax, I fear you wouldn't know what a real days work involves.
Are you on food stamps??? I suppose banana's are eligible to be bought with the shameless EBT card. The gov. Should go back to the script notes, draw a little shame with it.
You say you're union Exlax, I fear you wouldn't know what a real days work involves.
Hey BS we’re all on the titanic, those on the lower decks are drowning, how long before the whole ship goes under?
Consumerism creates jobs, Republican policy creates depressions & recessions, I’m not talking government giveaways,
I’m saying enough with the anti-labor Republicans, their attack on labor is relentless, they’ll kill Consumerism in the name of Capitalism!
The party you support is working against US all, the ship is sinking when she goes we all drown!
Posted by Self-Banished on May 23 2014,2:33 pm
(Expatriate @ May 23 2014,12:16 pm)
QUOTE
Hey BS we’re all on the titanic, those on the lower decks are drowning, how long before the whole ship goes under?
Consumerism creates jobs, Republican policy creates depressions & recessions, I’m not talking government giveaways,
I’m saying enough with the anti-labor Republicans, their attack on labor is relentless, they’ll kill Consumerism in the name of Capitalism!
The party you support is working against US all, the ship is sinking when she goes we all drown!
Consumerism creates jobs, Republican policy creates depressions & recessions, I’m not talking government giveaways,
I’m saying enough with the anti-labor Republicans, their attack on labor is relentless, they’ll kill Consumerism in the name of Capitalism!
The party you support is working against US all, the ship is sinking when she goes we all drown!
Republicans ? Democrats? Do you actually read the BS you spew forward? Both these progressive parties have been trying to kill our economy for quite awhile, you're just too stupid to realize it.
If and when the US economy takes a dump there will always be survivors, capitalists like myself that'll know how to produce.
Your ugly ass will most likely be in a bread line.
Posted by Expatriate on May 23 2014,10:19 pm
(Self-Banished @ May 23 2014,2:33 pm)
QUOTE
Republicans ? Democrats? Do you actually read the BS you spew forward? Both these progressive parties have been trying to kill our economy for quite awhile, you're just too stupid to realize it.
If and when the US economy takes a dump there will always be survivors, capitalists like myself that'll know how to produce.
Your ugly ass will most likely be in a bread line.
If and when the US economy takes a dump there will always be survivors, capitalists like myself that'll know how to produce.
Your ugly ass will most likely be in a bread line.
Posted by Self-Banished on May 24 2014,4:39 am
^^I imagine you posted some funny photo but as usual, it doesn't show up on my device. Let's just say this...
Posted by Expatriate on May 24 2014,6:26 am
Posted by grassman on May 24 2014,6:58 am
Simply said, even SB should get it.
Posted by Self-Banished on May 24 2014,8:09 am
^^^sad and patheticNo balls
Sits down to pee
Asks permission for everything.
Go out, set your own flag and quit whining like a little bitch.
Posted by grassman on May 24 2014,8:16 am
No, you still don't get it.
Posted by Self-Banished on May 24 2014,9:42 am
^^^neither do you.
Posted by Self-Banished on May 24 2014,10:09 am
^^^vey sadly I might add.
Posted by grassman on May 25 2014,8:28 am
^^^putz.
Posted by Expatriate on May 25 2014,9:48 am
SB you’ve done little to show why supply-sider economics (Republican Policy) is good for the American economy!SB let’s put ideology aside, do you really believe a system that puts tax breaks for the wealthy and large corporations at the expense
of our national debt is better than a system that promotes a fair days wage for a fair days work!
Hanauer put it much more eloquently, I believe his words were: It’s between a system that’s working for a few at the top,
or one that’s working for just about everyone. Which would you prefer?
Republican Policy doesn’t grow jobs as claimed by the billboard on East Main!
Posted by Self-Banished on May 25 2014,2:23 pm
(grassman @ May 25 2014,8:28 am)
QUOTE
^^^putz.
Moron.
Posted by Self-Banished on May 25 2014,2:41 pm
(Expatriate @ May 25 2014,9:48 am)
QUOTE
SB you’ve done little to show why supply-sider economics (Republican Policy) is good for the American economy!
SB let’s put ideology aside, do you really believe a system that puts tax breaks for the wealthy and large corporations at the expense
of our national debt is better than a system that promotes a fair days wage for a fair days work!
Hanauer put it much more eloquently, I believe his words were: It’s between a system that’s working for a few at the top,
or one that’s working for just about everyone. Which would you prefer?
Republican Policy doesn’t grow jobs as claimed by the billboard on East Main!
SB let’s put ideology aside, do you really believe a system that puts tax breaks for the wealthy and large corporations at the expense
of our national debt is better than a system that promotes a fair days wage for a fair days work!
Hanauer put it much more eloquently, I believe his words were: It’s between a system that’s working for a few at the top,
or one that’s working for just about everyone. Which would you prefer?
Republican Policy doesn’t grow jobs as claimed by the billboard on East Main!
My questions...
Are you really that oppressed, are you hanging on by a thread? If you are, go find another occupation.
Do you actually believe our gov. is good stewards of our money? Spending every penny responsibly? They aren't thus we are overtaxed.
Are you that pathetically jealous of other peoples success, money, assets? If you are then go out and do something different possibly changing your status in life.
And lastly, at least for now, do you really think that if you raise taxes on corperations that they're not going to pass that along the line? Eventually making it down to the final consumer? If you do, well, good luck with that
Your idol Hanauer was born into weath and it's just so convenient to be generous with other peoples money.
And knock it off with the Democrat vs Republican sh!t they're the same thing!
Posted by grassman on May 25 2014,7:08 pm
(Self-Banished @ May 25 2014,2:23 pm)
QUOTE
(grassman @ May 25 2014,8:28 am)
QUOTE
^^^putz.
Moron.
Posted by grassman on May 25 2014,7:12 pm
the real story. 
Posted by Self-Banished on May 25 2014,7:50 pm
^^^pathetic
Posted by Moparman on May 25 2014,9:11 pm
(Self-Banished @ May 22 2014,5:08 pm)
QUOTE
There are only so many gov. contracts
I wonder how many things in your house aren't american made?
I wonder how many things in your house aren't american made?
That's the best you can come up with?
As far as American made products in my house? I try to purchase as much as possible as there are still some options left.
Posted by Moparman on May 25 2014,9:21 pm
(Self-Banished @ May 22 2014,5:10 pm)
QUOTE
(Moparman @ May 22 2014,4:28 pm)
QUOTE
So did this poor ex boss say "Life's tough buttercup, can't get blood from a turnip"
No, he came up with the money he owed me, in cash no less.
It was a good "talk"
Um...Ok, tough guy...
All this guy was doing was the exact thing your corporate heros do everyday. You should have asked for his autograph!
Posted by stardust17 on May 26 2014,12:25 am
But good submissive servants never question their corporate ma'sa. They pick fights with fellow servants. It is happening worldwide.
Posted by Self-Banished on May 26 2014,1:17 am
(Moparman @ May 25 2014,9:21 pm)
QUOTE
(Self-Banished @ May 22 2014,5:10 pm)
QUOTE
(Moparman @ May 22 2014,4:28 pm)
QUOTE
So did this poor ex boss say "Life's tough buttercup, can't get blood from a turnip"
No, he came up with the money he owed me, in cash no less.
It was a good "talk"
Um...Ok, tough guy...
All this guy was doing was the exact thing your corporate heros do everyday. You should have asked for his autograph!
No no no, you misunderstand, no thuggery, not like a union. I just happen to have a lot of influence over one of his contracts. Because of his ineptness I eventually took that contract. It all nothing but business and this guy was a failure. He eventually skipped town owning a lot of people money.
Probably joined a union
Posted by Expatriate on May 26 2014,9:03 am
In my years in the Military I never met a Republican in uniform, they were too busy using deferments, claiming medical conditionsor just plain crapping their pants to avoid Military induction.
All you’ve managed to do in this thread is the usual, a series of personal attacks!
QUOTE
Quote: BS
talk about pathetic, pathetic ↓ ↓ ↓ ↓ ↓
Posted by grassman on May 26 2014,12:48 pm
I must say, that was a pretty thoughtless and rediculous post on SB'S part. Judge your attachments for taste before posting ,please.
Posted by Self-Banished on May 26 2014,4:03 pm
(Expatriate @ May 26 2014,9:03 am)
QUOTE
All you’ve managed to do in this thread is the usual, a series of personal attacks.
Personal attacks?..
I believe I asked a series of questions.
Questions that were directed towards you.
Posted by Self-Banished on May 26 2014,4:22 pm
(grassman @ May 26 2014,12:48 pm)
QUOTE
I must say, that was a pretty thoughtless and rediculous post on SB'S part. Judge your attachments for taste before posting ,please.
How's this,
Better?
Posted by Self-Banished on May 26 2014,4:27 pm
...or even this,
Posted by grassman on May 27 2014,8:15 am
So you slap every liberal serviceman in the face on Memorial Day no less, to further your biased opinion? Class.
Posted by Self-Banished on May 27 2014,8:26 am
I have quite a few friends that are vets, and not one of the are or were progressives.You hide behind being a vet to exspouse your biased opinion? Yep, real class.
As far as you being offended...
Life's tough Buttercup.
Posted by Expatriate on May 27 2014,10:11 am
Swiss voters will decide a referendum that would create a national minimum wage of 22 Swiss francs ($24.99) per hour, The Dutch are closing prisons because they don’t have enough prisoners/criminals to fill them! why because in these European countries work pays, social benefits exist, unions flourish, you’d call that socialism I’d call it a successful nation! What’s the plan here, we pump tax breaks to the wealthy and expect jobs to come out the other end, this is trickle down or supply sider, it’s a failed policy, what can we do about it, get rid of the obstructionists, vote out every last teabaggin Republican!
Basically Republicans have been saying if we give money to rich people jobs are the result. We have done that since 1980 and never did prior to 1980 and we have the worst job situation we have had since the Great Depression.
Posted by Expatriate on May 27 2014,10:27 am
Top ten corp. tax dodgers1. General Electric
From 2008 to 2013, while GE made over $33.9 billion in United States profits, it received a total tax refund of more than $2.9 billion from the Internal Revenue Service.
G.E.’s effective U.S. corporate income tax rate over this six year period was -9 percent.
In 2012, GE stashed $108 billion in offshore tax havens to avoid paying income taxes. If this practice were outlawed, GE would have paid $37.8 billion in federal income taxes that year.
During the financial crisis, the Federal Reserve provided GE with $16 billion in financial assistance, at a time when its CEO Jeffrey Immelt was a director of the New York Federal Reserve.
GE has been a leader in outsourcing decent paying jobs to China, Mexico and other low-wage countries.
Mr. Immelt has a retirement account at General Electric worth an estimated $59 million and made $19 million in total compensation last year.
He is a member of the Business Roundtable, a group that wants to raise the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, increase taxes on working families, and cut corporate taxes even further.
On December 6, 2002, Jeffrey Immelt said at an investors’ meeting, “When I am talking to GE managers, I talk China, China, China, China, China. You need to be there. You need to change the way people talk about it and how they get there. I am a nut on China. Outsourcing from China is going to grow to $5 billion. We are building a tech center in China. Every discussion today has to center on China. The cost basis is extremely attractive. You can take an 18 cubic foot refrigerator, make it in China, land it in the United States, and land it for less than we can make an 18 cubic foot refrigerator today, ourselves.”
2. Boeing
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS. Boeing’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
Boeing is one of the top recipients of corporate welfare in the United States and has outsourced tens of thousands of decent paying jobs to China and other low-wage countries.
Boeing even has its own taxpayer-funded bank known as the Export-Import Bank of the United States. Boeing has received so much corporate welfare from this bank that it has been dubbed “the Bank of Boeing.”
Boeing CEO W. James McNerney, Jr. made $23.3 million in total compensation last year. Mr. McNerney, as a member of the Business Roundtable, wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security.
3. Verizon
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS.
Verizon’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
In 2012, Verizon stashed $1.8 billion in offshore tax havens to avoid paying U.S. income taxes. Verizon would owe an estimated $630 million in federal income taxes if its use of offshore tax avoidance was eliminated.
In 2013, Lowell McAdam, the CEO of Verizon made $15.8 million in total compensation. He wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
4. Bank of America
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion.
In 2012, Bank of America operated more than 300 subsidiaries incorporated in offshore tax havens like the Cayman Islands, which has no corporate taxes.
In 2012, Bank of America stashed $17.2 billion in offshore tax havens to avoid paying U.S. income taxes. Bank of America would owe an estimated $4.3 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Last year, Bank of America CEO Brian Moynihan made $13.1 million in total compensation, but he wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
5. Citigroup
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis.
Citigroup has established 427 subsidiaries incorporated in offshore tax havens.
In 2012, it stashed $42.6 billion in offshore tax havens to avoid paying U.S. income taxes. Citigroup would owe an estimated $11.5 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Michael Corbat, the CEO of Citigroup, made more than $17.6 million in total compensation last year.
6. Pfizer
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide.
In 2012, Pfizer stashed $73 billion in profits offshore and has used aggressive offshore tax strategies to avoid paying U.S. income taxes.
Ian Read, the CEO of Pfizer, made $17.7 million in total compensation last year.
Hank McKinnell, Jr., who was Pfizer’s CEO from 2001 to 2006, received a golden parachute from Pfizer worth an estimated $188 million.
7. FedEx
In 2011, Federal Express received a $135 million tax refund from the IRS even though it made more than $2.7 billion in U.S. profits that year.
FedEx receives more than $1 billion a year from the U.S. Postal Service to provide air service for all express mail and priority mail shipments.
Frederick Smith, the CEO of FedEx, made more than $12.6 million in total compensation last year.
8. Honeywell
From 2009 to 2010, not only did Honeywell pay no federal income taxes, it received a $510 million tax refund from the IRS even though it made a combined profit in the U.S. of almost $3 billion.
In 2012, Honeywell stashed $11.6 billion in offshore tax havens to avoid paying U.S. income taxes. Honeywell would owe an estimated $4.06 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
David Cote, the CEO of Honeywell, made more than $25.4 million in total compensation last year.
Mr. Cote wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
9. Merck
In 2009, not only did Merck pay no federal income taxes, it received a $55 million tax refund from the IRS, even though it earned more than $5.7 billion in U.S. profits.
In 2012, Merck stashed $53.4 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $18.69 billion in federal income taxes.
Fred Hassan, the CEO of Merck from 2003 to 2009, received a golden parachute worth an estimated $189 million.
Merck’s current CEO, Kenneth Frazier, has a retirement account worth an estimated $14.4 million. He wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
10. Corning
From 2008 to 2012, not only did Corning pay no federal income taxes, it received a $10 million tax refund from the IRS, even though it earned more than $3.4 billion in U.S. profits during those years.
Corning has stashed $11.9 billion in offshore tax havens to avoid paying U.S. income taxes. Corning would owe an estimated $4.165 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
Wendell Weeks, the CEO of Corning, has a retirement account worth an estimated $22.8 million. Mr. Weeks wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
Posted by Self-Banished on May 27 2014,10:28 am
^^^MoveSimple as that.
Posted by Self-Banished on May 27 2014,1:10 pm
(Expatriate @ May 27 2014,10:27 am)
QUOTE
Top ten corp. tax dodgers
1. General Electric
From 2008 to 2013, while GE made over $33.9 billion in United States profits, it received a total tax refund of more than $2.9 billion from the Internal Revenue Service.
G.E.’s effective U.S. corporate income tax rate over this six year period was -9 percent.
In 2012, GE stashed $108 billion in offshore tax havens to avoid paying income taxes. If this practice were outlawed, GE would have paid $37.8 billion in federal income taxes that year.
During the financial crisis, the Federal Reserve provided GE with $16 billion in financial assistance, at a time when its CEO Jeffrey Immelt was a director of the New York Federal Reserve.
GE has been a leader in outsourcing decent paying jobs to China, Mexico and other low-wage countries.
Mr. Immelt has a retirement account at General Electric worth an estimated $59 million and made $19 million in total compensation last year.
He is a member of the Business Roundtable, a group that wants to raise the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, increase taxes on working families, and cut corporate taxes even further.
On December 6, 2002, Jeffrey Immelt said at an investors’ meeting, “When I am talking to GE managers, I talk China, China, China, China, China. You need to be there. You need to change the way people talk about it and how they get there. I am a nut on China. Outsourcing from China is going to grow to $5 billion. We are building a tech center in China. Every discussion today has to center on China. The cost basis is extremely attractive. You can take an 18 cubic foot refrigerator, make it in China, land it in the United States, and land it for less than we can make an 18 cubic foot refrigerator today, ourselves.”
2. Boeing
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS. Boeing’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
Boeing is one of the top recipients of corporate welfare in the United States and has outsourced tens of thousands of decent paying jobs to China and other low-wage countries.
Boeing even has its own taxpayer-funded bank known as the Export-Import Bank of the United States. Boeing has received so much corporate welfare from this bank that it has been dubbed “the Bank of Boeing.”
Boeing CEO W. James McNerney, Jr. made $23.3 million in total compensation last year. Mr. McNerney, as a member of the Business Roundtable, wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security.
3. Verizon
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS.
Verizon’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
In 2012, Verizon stashed $1.8 billion in offshore tax havens to avoid paying U.S. income taxes. Verizon would owe an estimated $630 million in federal income taxes if its use of offshore tax avoidance was eliminated.
In 2013, Lowell McAdam, the CEO of Verizon made $15.8 million in total compensation. He wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
4. Bank of America
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion.
In 2012, Bank of America operated more than 300 subsidiaries incorporated in offshore tax havens like the Cayman Islands, which has no corporate taxes.
In 2012, Bank of America stashed $17.2 billion in offshore tax havens to avoid paying U.S. income taxes. Bank of America would owe an estimated $4.3 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Last year, Bank of America CEO Brian Moynihan made $13.1 million in total compensation, but he wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
5. Citigroup
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis.
Citigroup has established 427 subsidiaries incorporated in offshore tax havens.
In 2012, it stashed $42.6 billion in offshore tax havens to avoid paying U.S. income taxes. Citigroup would owe an estimated $11.5 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Michael Corbat, the CEO of Citigroup, made more than $17.6 million in total compensation last year.
6. Pfizer
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide.
In 2012, Pfizer stashed $73 billion in profits offshore and has used aggressive offshore tax strategies to avoid paying U.S. income taxes.
Ian Read, the CEO of Pfizer, made $17.7 million in total compensation last year.
Hank McKinnell, Jr., who was Pfizer’s CEO from 2001 to 2006, received a golden parachute from Pfizer worth an estimated $188 million.
7. FedEx
In 2011, Federal Express received a $135 million tax refund from the IRS even though it made more than $2.7 billion in U.S. profits that year.
FedEx receives more than $1 billion a year from the U.S. Postal Service to provide air service for all express mail and priority mail shipments.
Frederick Smith, the CEO of FedEx, made more than $12.6 million in total compensation last year.
8. Honeywell
From 2009 to 2010, not only did Honeywell pay no federal income taxes, it received a $510 million tax refund from the IRS even though it made a combined profit in the U.S. of almost $3 billion.
In 2012, Honeywell stashed $11.6 billion in offshore tax havens to avoid paying U.S. income taxes. Honeywell would owe an estimated $4.06 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
David Cote, the CEO of Honeywell, made more than $25.4 million in total compensation last year.
Mr. Cote wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
9. Merck
In 2009, not only did Merck pay no federal income taxes, it received a $55 million tax refund from the IRS, even though it earned more than $5.7 billion in U.S. profits.
In 2012, Merck stashed $53.4 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $18.69 billion in federal income taxes.
Fred Hassan, the CEO of Merck from 2003 to 2009, received a golden parachute worth an estimated $189 million.
Merck’s current CEO, Kenneth Frazier, has a retirement account worth an estimated $14.4 million. He wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
10. Corning
From 2008 to 2012, not only did Corning pay no federal income taxes, it received a $10 million tax refund from the IRS, even though it earned more than $3.4 billion in U.S. profits during those years.
Corning has stashed $11.9 billion in offshore tax havens to avoid paying U.S. income taxes. Corning would owe an estimated $4.165 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
Wendell Weeks, the CEO of Corning, has a retirement account worth an estimated $22.8 million. Mr. Weeks wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
1. General Electric
From 2008 to 2013, while GE made over $33.9 billion in United States profits, it received a total tax refund of more than $2.9 billion from the Internal Revenue Service.
G.E.’s effective U.S. corporate income tax rate over this six year period was -9 percent.
In 2012, GE stashed $108 billion in offshore tax havens to avoid paying income taxes. If this practice were outlawed, GE would have paid $37.8 billion in federal income taxes that year.
During the financial crisis, the Federal Reserve provided GE with $16 billion in financial assistance, at a time when its CEO Jeffrey Immelt was a director of the New York Federal Reserve.
GE has been a leader in outsourcing decent paying jobs to China, Mexico and other low-wage countries.
Mr. Immelt has a retirement account at General Electric worth an estimated $59 million and made $19 million in total compensation last year.
He is a member of the Business Roundtable, a group that wants to raise the eligibility age for Medicare and Social Security to 70, cut Social Security and veterans’ benefits, increase taxes on working families, and cut corporate taxes even further.
On December 6, 2002, Jeffrey Immelt said at an investors’ meeting, “When I am talking to GE managers, I talk China, China, China, China, China. You need to be there. You need to change the way people talk about it and how they get there. I am a nut on China. Outsourcing from China is going to grow to $5 billion. We are building a tech center in China. Every discussion today has to center on China. The cost basis is extremely attractive. You can take an 18 cubic foot refrigerator, make it in China, land it in the United States, and land it for less than we can make an 18 cubic foot refrigerator today, ourselves.”
2. Boeing
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS. Boeing’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
Boeing is one of the top recipients of corporate welfare in the United States and has outsourced tens of thousands of decent paying jobs to China and other low-wage countries.
Boeing even has its own taxpayer-funded bank known as the Export-Import Bank of the United States. Boeing has received so much corporate welfare from this bank that it has been dubbed “the Bank of Boeing.”
Boeing CEO W. James McNerney, Jr. made $23.3 million in total compensation last year. Mr. McNerney, as a member of the Business Roundtable, wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security.
3. Verizon
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS.
Verizon’s effective U.S. corporate income tax rate over this six-year period was -2 percent.
In 2012, Verizon stashed $1.8 billion in offshore tax havens to avoid paying U.S. income taxes. Verizon would owe an estimated $630 million in federal income taxes if its use of offshore tax avoidance was eliminated.
In 2013, Lowell McAdam, the CEO of Verizon made $15.8 million in total compensation. He wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
4. Bank of America
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion.
In 2012, Bank of America operated more than 300 subsidiaries incorporated in offshore tax havens like the Cayman Islands, which has no corporate taxes.
In 2012, Bank of America stashed $17.2 billion in offshore tax havens to avoid paying U.S. income taxes. Bank of America would owe an estimated $4.3 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Last year, Bank of America CEO Brian Moynihan made $13.1 million in total compensation, but he wants to raise the eligibility age for Medicare and Social Security to 70, and make significant cuts to Social Security as a member of the Business Roundtable.
5. Citigroup
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis.
Citigroup has established 427 subsidiaries incorporated in offshore tax havens.
In 2012, it stashed $42.6 billion in offshore tax havens to avoid paying U.S. income taxes. Citigroup would owe an estimated $11.5 billion in federal income taxes if its use of offshore tax avoidance strategies were eliminated.
Michael Corbat, the CEO of Citigroup, made more than $17.6 million in total compensation last year.
6. Pfizer
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide.
In 2012, Pfizer stashed $73 billion in profits offshore and has used aggressive offshore tax strategies to avoid paying U.S. income taxes.
Ian Read, the CEO of Pfizer, made $17.7 million in total compensation last year.
Hank McKinnell, Jr., who was Pfizer’s CEO from 2001 to 2006, received a golden parachute from Pfizer worth an estimated $188 million.
7. FedEx
In 2011, Federal Express received a $135 million tax refund from the IRS even though it made more than $2.7 billion in U.S. profits that year.
FedEx receives more than $1 billion a year from the U.S. Postal Service to provide air service for all express mail and priority mail shipments.
Frederick Smith, the CEO of FedEx, made more than $12.6 million in total compensation last year.
8. Honeywell
From 2009 to 2010, not only did Honeywell pay no federal income taxes, it received a $510 million tax refund from the IRS even though it made a combined profit in the U.S. of almost $3 billion.
In 2012, Honeywell stashed $11.6 billion in offshore tax havens to avoid paying U.S. income taxes. Honeywell would owe an estimated $4.06 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
David Cote, the CEO of Honeywell, made more than $25.4 million in total compensation last year.
Mr. Cote wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
9. Merck
In 2009, not only did Merck pay no federal income taxes, it received a $55 million tax refund from the IRS, even though it earned more than $5.7 billion in U.S. profits.
In 2012, Merck stashed $53.4 billion in offshore tax haven countries to avoid paying income taxes. If this practice was outlawed, it would have paid $18.69 billion in federal income taxes.
Fred Hassan, the CEO of Merck from 2003 to 2009, received a golden parachute worth an estimated $189 million.
Merck’s current CEO, Kenneth Frazier, has a retirement account worth an estimated $14.4 million. He wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
10. Corning
From 2008 to 2012, not only did Corning pay no federal income taxes, it received a $10 million tax refund from the IRS, even though it earned more than $3.4 billion in U.S. profits during those years.
Corning has stashed $11.9 billion in offshore tax havens to avoid paying U.S. income taxes. Corning would owe an estimated $4.165 billion in federal income taxes if its use of offshore tax avoidance were eliminated.
Wendell Weeks, the CEO of Corning, has a retirement account worth an estimated $22.8 million. Mr. Weeks wants to raise the eligibility age for Medicare and Social Security to 70 and make significant cuts to Social Security as a member of the Business Roundtable.
So GE is the number one tax evader???
And that's run by who???
Bammer's buddy Jeff Immelt
Posted by pepi-lapew on May 27 2014,3:34 pm
EXP. Your a Idiot They move the operations overseas because corp. taxes are to high. And 60% of americans dont pay any tax. Some get more back than they pay in. That extra money they get comes out of my pocket!
Posted by Self-Banished on May 27 2014,5:04 pm
^^ best point made on this thread. 
Posted by Expatriate on May 27 2014,9:51 pm
(pepi-lapew @ May 27 2014,3:34 pm)
QUOTE
EXP. Your a Idiot They move the operations overseas because corp. taxes are to high. And 60% of americans dont pay any tax. Some get more back than they pay in. That extra money they get comes out of my pocket!
You’ve already told US you don’t pay any tax, So you’d have to include yourself in the phony statistics your rightwing radio propagandists are preaching!
Posted by Self-Banished on May 28 2014,7:45 am
Pepi's got a point there, the middle class pay the bulk of the taxes, the lower incomes just consume gov. $$$. No wonder the progressives do so well at election time, buying votes is easy with other peoples money.
Posted by Expatriate on May 28 2014,8:59 am
First, I don’t really buy into the number lapew quoted “60%’'”, every time you wingnuts post something the number gets exaggerated.If the number is high it just proves my point about the lopsidedness of wages in this country, if work doesn’t pay the country pays.
The Republican attack on labor would correspond with the downward spiral in compensation for work, wages for most have been stagnant!
I’m taxed far more heavily then any short haul trucker, and unlike Lepew I’ll pay taxes even in retirement, why is that, because we live in a
country where work doesn’t pay, it’s not because of safety nets to keep the poor from starving it’s because we don’t have a living
wage standard to keep them above the poverty level. It’s because of guys like you and Lapew voting for the robber baron party because Limbaugh
or Beck told you!
Posted by pepi-lapew on May 28 2014,3:47 pm
EXP. The last time I got a W-2 form and paid taxes it was $5600 I owed in taxes so dont include me in your BS.
Posted by Botto 82 on May 28 2014,4:06 pm
(Self-Banished @ May 28 2014,7:45 am)
QUOTE
the lower incomes just consume gov. $$$
Really? So welfare is the big tax drain in this country?
Let me hit the bullet points again, for the bullet heads that chose to ignore them the first time...
QUOTE
From 2008 to 2013, while GE made over $33.9 billion in United States profits, it received a total tax refund of more than $2.9 billion...
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS...
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS...
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion...
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis...
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide...
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS...
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS...
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion...
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis...
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide...
A stock clerk at Hy-Vee pays more in taxes than any of these corporations do.
Posted by Self-Banished on May 28 2014,5:25 pm
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
Posted by Self-Banished on May 28 2014,5:51 pm
(Botto 82 @ May 28 2014,4:06 pm)
QUOTE
Let me hit the bullet points again, for the bullet heads that chose to ignore them the first time...
A stock clerk at Hy-Vee pays more in taxes than any of these corporations do.
QUOTE
From 2008 to 2013, while GE made over $33.9 billion in United States profits, it received a total tax refund of more than $2.9 billion...
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS...
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS...
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion...
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis...
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide...
From 2008 to 2013, while Boeing made over $26.4 billion in U.S. profits, it received a total tax refund of $401 million from the IRS...
From 2008 to 2013, while Verizon made over $42.4 billion in U.S. profits, it received a total tax refund of $732 million from the IRS...
Bank of America received a $1.9 billion tax refund from the IRS in 2010, even though it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of more than $1.3 trillion...
Citigroup made more than $4 billion in profits in 2010, but paid no federal income taxes. Citigroup received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury during the financial crisis...
Pfizer, one of the largest prescription drug companies in America, not only paid no federal income taxes from 2010 to 2012, it received $2.2 billion in tax refunds from the IRS at the same time it made $43 billion in profits worldwide...
A stock clerk at Hy-Vee pays more in taxes than any of these corporations do.
I'd be willing to bet that these corps grease both parties.
Posted by Expatriate on May 28 2014,10:03 pm
(Self-Banished @ May 28 2014,5:25 pm)
QUOTE
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
you’re writing off fuel and other expenses related to maintenance and upkeep, while depreciating the truck itself!
we’re even paying to expand your belt size on flat per diem rate for meals.
Posted by Expatriate on May 28 2014,10:07 pm
(pepi-lapew @ May 28 2014,3:47 pm)
QUOTE
EXP. The last time I got a W-2 form and paid taxes it was $5600 I owed in taxes so dont include me in your BS.
this is a direct contradiction of an earlier post you made claiming you paid NO TAX there's some BS going on here
but it's coming form you Lapew!
FLIP-FLOP
Posted by Marneman on May 29 2014,3:27 am
Im not happy with either party these days. Both pay more lip service to their big money contributors than they do to us common people. And I do mean both parties!Ever since the "ME" decade(1970's) the coperate motto has become more profits! Anything goes to exporting jobs, paying lower wages, and getting their pocketed politicians to get them tax breaks and relaxed rules (again I stress BOTH parties). Despite one party saying they want to change the system, when they've had the chance they either miss it, or make proposals that are so radical that no one can support them. The other party keeps pushing proposals that were fine in the 50's and 60's, but are now totally out of date with the currant business climate and they are unwilling to go in other directions! Add to this a media which is no longer unbiased (no matter if they lean right or left they are leaning too far!)
Posted by Self-Banished on May 29 2014,5:18 am
(Expatriate @ May 28 2014,10:03 pm)
QUOTE
you’re writing off fuel and other expenses related to maintenance and upkeep, while depreciating the truck itself!
we’re even paying to expand your belt size on flat per diem rate for meals.
we’re even paying to expand your belt size on flat per diem rate for meals.
Yep, and I even bought another "pothole maker" last week. Since it's my "personal" work truck it's pretty spiffy and I'll be depreciating that one too. I'm also thinking of upgrading my shop machines this year too. I don't do per diem though, have to travel more than 100 miles from home terminal.
I'm sorry but your logic just escapes me, help me out here. You want me to absorb all of my expenses, my equipment purchases and pay taxes? Do you think that the products and services you purchase just magically appear?(of course you do, you' a progressive) At your job or Moparmans or Irish's jobs don't you think that the business owner deducts the cost of their labor?
These are questions again, you'll probably ignore them again.
Posted by Self-Banished on May 29 2014,5:37 am
(Marneman @ May 29 2014,3:27 am)
QUOTE
Im not happy with either party these days. Both pay more lip service to their big money contributors than they do to us common people. And I do mean both parties!
Ever since the "ME" decade(1970's) the coperate motto has become more profits! Anything goes to exporting jobs, paying lower wages, and getting their pocketed politicians to get them tax breaks and relaxed rules (again I stress BOTH parties). Despite one party saying they want to change the system, when they've had the chance they either miss it, or make proposals that are so radical that no one can support them. The other party keeps pushing proposals that were fine in the 50's and 60's, but are now totally out of date with the currant business climate and they are unwilling to go in other directions! Add to this a media which is no longer unbiased (no matter if they lean right or left they are leaning too far!)
Ever since the "ME" decade(1970's) the coperate motto has become more profits! Anything goes to exporting jobs, paying lower wages, and getting their pocketed politicians to get them tax breaks and relaxed rules (again I stress BOTH parties). Despite one party saying they want to change the system, when they've had the chance they either miss it, or make proposals that are so radical that no one can support them. The other party keeps pushing proposals that were fine in the 50's and 60's, but are now totally out of date with the currant business climate and they are unwilling to go in other directions! Add to this a media which is no longer unbiased (no matter if they lean right or left they are leaning too far!)
Yep, he gets it.
Posted by grassman on May 29 2014,6:56 am
(Self-Banished @ May 29 2014,5:18 am)
QUOTE
I'm sorry but your logic just escapes me, help me out here. You want me to absorb all of my expenses, my equipment purchases and pay taxes? Do you think that the products and services you purchase just magically appear?(of course you do, you' a progressive) At your job or Moparmans or Irish's jobs don't you think that the business owner deducts the cost of their labor?
These are questions again, you'll probably ignore them again.
These are questions again, you'll probably ignore them again.
I would say that you are the one ignoring them. Right there you lost your argument about business not paying the help what they are worth instead of keeping it all at the top. After all, it is tax deductable.
Posted by Expatriate on May 29 2014,7:03 am
(Self-Banished @ May 29 2014,5:18 am)
QUOTE
(Expatriate @ May 28 2014,10:03 pm)
QUOTE
you’re writing off fuel and other expenses related to maintenance and upkeep, while depreciating the truck itself!
we’re even paying to expand your belt size on flat per diem rate for meals.
we’re even paying to expand your belt size on flat per diem rate for meals.
Yep, and I even bought another "pothole maker" last week. Since it's my "personal" work truck it's pretty spiffy and I'll be depreciating that one too. I'm also thinking of upgrading my shop machines this year too. I don't do per diem though, have to travel more than 100 miles from home terminal.
I'm sorry but your logic just escapes me, help me out here. You want me to absorb all of my expenses, my equipment purchases and pay taxes? Do you think that the products and services you purchase just magically appear?(of course you do, you' a progressive) At your job or Moparmans or Irish's jobs don't you think that the business owner deducts the cost of their labor?
These are questions again, you'll probably ignore them again.
QUOTE
Self-Banished @ May 28 2014,5:25 pm)
QUOTE
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
QUOTE
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
Just responding to your earlier post SB where you claimed you paid more tax, when all the i's are dotted and the t's crossed I'm paying more tax, there's little doubt!
To quote someone I’m sure you admire SB, Leona Helmsley: "We don't pay taxes. Only the little people pay taxes"
Posted by pepi-lapew on May 29 2014,7:25 am
EXP. I said the last time I got a W-2. I retired in 2007, All I get now is 1099s. My SS, intrest earnd,401k, Military pension, and annuity is on 1099s.
Posted by Self-Banished on May 29 2014,8:18 am
(grassman @ May 29 2014,6:56 am)
QUOTE
These are questions again, you'll probably ignore them again.[/quote]
I would say that you are the one ignoring them. Right there you lost your argument about business not paying the help what they are worth instead of keeping it all at the top. After all, it is tax deductable.
I would say that you are the one ignoring them. Right there you lost your argument about business not paying the help what they are worth instead of keeping it all at the top. After all, it is tax deductable.
I pay labor what the market bears, if a worker thinks they're worth more then they are free to go elsewhere.
Posted by Self-Banished on May 29 2014,10:35 am
(Expatriate @ May 29 2014,7:03 am)
QUOTE
(Self-Banished @ May 29 2014,5:18 am)
QUOTE
(Expatriate @ May 28 2014,10:03 pm)
QUOTE
you’re writing off fuel and other expenses related to maintenance and upkeep, while depreciating the truck itself!
we’re even paying to expand your belt size on flat per diem rate for meals.
we’re even paying to expand your belt size on flat per diem rate for meals.
Yep, and I even bought another "pothole maker" last week. Since it's my "personal" work truck it's pretty spiffy and I'll be depreciating that one too. I'm also thinking of upgrading my shop machines this year too. I don't do per diem though, have to travel more than 100 miles from home terminal.
I'm sorry but your logic just escapes me, help me out here. You want me to absorb all of my expenses, my equipment purchases and pay taxes? Do you think that the products and services you purchase just magically appear?(of course you do, you' a progressive) At your job or Moparmans or Irish's jobs don't you think that the business owner deducts the cost of their labor?
These are questions again, you'll probably ignore them again.
QUOTE
Self-Banished @ May 28 2014,5:25 pm)
QUOTE
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
QUOTE
(Expatriate @ May 28 2014,8:59 am)
QUOTE
I’m taxed far more heavily then any short haul trucker,
It'd be a safe bet to say that I probably pay out more for fuel in a year than you make pal.
Just responding to your earlier post SB where you claimed you paid more tax, when all the i's are dotted and the t's crossed I'm paying more tax, there's little doubt!
To quote someone I’m sure you admire SB, Leona Helmsley: "We don't pay taxes. Only the little people pay taxes"
I'm sure it seems like you pay big taxes but as an employee or employee/retiree you're most likely a zero net taxpayer.
Here's one for you, do you deduct your mortgage interest? I'm sure you do unless the Marshfield is paid for. If it is , good for you.
Posted by Expatriate on May 30 2014,7:05 pm
(Self-Banished @ May 29 2014,10:35 am)
QUOTE
I'm sure it seems like you pay big taxes but as an employee or employee/retiree you're most likely a zero net taxpayer.
Here's one for you, do you deduct your mortgage interest? I'm sure you do unless the Marshfield is paid for. If it is , good for you.
Here's one for you, do you deduct your mortgage interest? I'm sure you do unless the Marshfield is paid for. If it is , good for you.
I’m not sure what you’re babbling about here, more nonsense I’m sure.
I’ve never lived in house where I used a mortgage deduction, that’s just plain stupid, if that’s your situation you’ve bought more house then you can afford!
Posted by Self-Banished on May 31 2014,8:25 am
(Expatriate @ May 30 2014,7:05 pm)
QUOTE
(Self-Banished @ May 29 2014,10:35 am)
QUOTE
I'm sure it seems like you pay big taxes but as an employee or employee/retiree you're most likely a zero net taxpayer.
Here's one for you, do you deduct your mortgage interest? I'm sure you do unless the Marshfield is paid for. If it is , good for you.
Here's one for you, do you deduct your mortgage interest? I'm sure you do unless the Marshfield is paid for. If it is , good for you.
I’m not sure what you’re babbling about here, more nonsense I’m sure.
I’ve never lived in house where I used a mortgage deduction, that’s just plain stupid, if that’s your situation you’ve bought more house then you can afford!
So you're saying you've never had a mortgage? Wow, good for you, Mummy and DaDa must have given you a house, either that or you are too stupid to take the interest deduction.
More house than I can afford? With the tax rates as they are int. deduction is a very nice break, so are business loan int. deductions. Apearently you're a moron that doesn't know how to position for taxes or (I wouldn't doubt it) a tax cheat that doesn't file taxes.
More house than I can afford???
I own two houses, one's a tax write off the other's paid for, looking for a third for another write off.
I don't make the tax laws, I just hire someone to figure out how to best take advantage of them.
Posted by Expatriate on May 31 2014,3:06 pm
Economics isn’t your strong suit is it gear jammer, instead of paying tax you’re paying the bank interest while caretaking a veritable money pit waiting for the next housing market crash!
I’d thought the Mortgage Interest deduction was limited to your homestead!
Actually I’ve never carried a house mortgage, I bought the first one in the early eighties when interest
rates were high and the real estate market crashed, the only way people could move houses was at auction
and only people with money could buy, that’s right poor boy I paid cash!
Who knows maybe I'll be buying your shack next for ten cents on the dollar!
Posted by Self-Banished on May 31 2014,4:25 pm
(Expatriate @ May 31 2014,3:06 pm)
QUOTE
Economics isn’t your strong suit is it gear jammer, instead of paying tax you’re paying the bank interest
while caretaking a veritable money pit waiting for the next housing market crash!
I’d thought the Mortgage Interest deduction was limited to your homestead!
Actually I’ve never carried a house mortgage, I bought the first one in the early eighties when interest
rates were high and the real estate market crashed, the only why people could move houses was at auction
and only people with money could buy, that’s right poor boy I paid cash!
Who knows maybe I'll be buying your shack next for ten cents on the dollar!
while caretaking a veritable money pit waiting for the next housing market crash!
I’d thought the Mortgage Interest deduction was limited to your homestead!
Actually I’ve never carried a house mortgage, I bought the first one in the early eighties when interest
rates were high and the real estate market crashed, the only why people could move houses was at auction
and only people with money could buy, that’s right poor boy I paid cash!
Who knows maybe I'll be buying your shack next for ten cents on the dollar!
You're forgetting that for the most part one's gaining equity and if nothing else one needs a place to live and in my case work out of. Plus the fact that you can borrow mortgage money at less than 4% and keep your money in fairly safe investments for 6% plus.The real up side is that if the market goes south bad enough you've had a place to live in and there's no reprisal for failing your contract.
Ok now, are we paying attention? You can write off your mortgage int. on a second home, you can even write off int. on a motor home as long as it has a toilet.
Funny you should mention another housing crash, we'll have one, sure as sh!t, especially if we keep letting progressives like Bammer run the show. There will be more houses, more auctions and more deals, where do you think I got my second house(pretty much paid cash for it) except mine in northern MN where it's pretty and not some shack next to a couple of mudholes on the praire.
Posted by Self-Banished on May 31 2014,4:28 pm
:Please feel free to discuss "high finance" anytime Expat.
Posted by Expatriate on Jun. 02 2014,7:19 pm
Tax-Scams-How-to-Report-Them< http://www.irs.gov/Busines...rt-Them >
Posted by Self-Banished on Jun. 03 2014,4:45 am
^^^ Good site,Turned my ex into them.
Posted by Expatriate on Jun. 03 2014,3:51 pm
^^^^ Posted by Self-Banished on Jun. 03 2014,4:07 pm
^^^
Posted by Common Citizen on Sep. 14 2014,10:38 am
So why does Al Franken need to lie about McFadden's business? Are the liberals in Minnesota going to put up with this kind of dishonesty from the Senator?< My Webpage >
Posted by Liberal on Sep. 14 2014,11:41 am
What part is a lie
Posted by Self-Banished on Sep. 14 2014,4:03 pm
Who cares if it's. Lie or not? If it is a lie it'll probably came back to bite Al in the ass
If it isn't he did right by his company to save money by getting out of this repressive tax structure.
Posted by MADDOG on Sep. 14 2014,7:00 pm
QUOTE
It is true that McFadden’s parent firm Lazard moved its headquarters to Bermuda in 2005 to avoid U.S. corporate taxes, which are among the highest in the world.
It’s called a “tax inversion,” where companies head overseas to find a friendly tax climate.
The number of companies seeking tax inversions is growing. This year, Minnesota-based Medtronic moved its headquarters to low-tax Ireland.
But the ad may overstate McFadden’s Bermuda connection when it says that his business is based in Bermuda.
McFadden joined Lazard in 2007, two years after it moved to Bermuda.
The Lazard Middle Market office he led is headquartered in Delaware. Nevertheless, it’s fully a part of the parent company in Bermuda.
And while he says he’s opposed to tax inversions, McFadden made a fortune with one of the first American companies to do it.
Tom Erickson, a spokesman for the McFadden for Senate campaign, released this statement:
“This is nothing but a desperate attempt by Democrats to turn attention away from the failed Obama-Franken foreign policy agenda that is creating chaos around the globe.
By refusing to reform the tax code, Al Franken and President Obama are encouraging companies to move their headquarters overseas.
We need leaders in Washington with business experience who can get our economy back on track and who will reform our tax code by lowering rates and eliminating special interest loopholes so we can encourage investment here in America, not abroad.”
< Reality Check >
It’s called a “tax inversion,” where companies head overseas to find a friendly tax climate.
The number of companies seeking tax inversions is growing. This year, Minnesota-based Medtronic moved its headquarters to low-tax Ireland.
But the ad may overstate McFadden’s Bermuda connection when it says that his business is based in Bermuda.
McFadden joined Lazard in 2007, two years after it moved to Bermuda.
The Lazard Middle Market office he led is headquartered in Delaware. Nevertheless, it’s fully a part of the parent company in Bermuda.
And while he says he’s opposed to tax inversions, McFadden made a fortune with one of the first American companies to do it.
Tom Erickson, a spokesman for the McFadden for Senate campaign, released this statement:
“This is nothing but a desperate attempt by Democrats to turn attention away from the failed Obama-Franken foreign policy agenda that is creating chaos around the globe.
By refusing to reform the tax code, Al Franken and President Obama are encouraging companies to move their headquarters overseas.
We need leaders in Washington with business experience who can get our economy back on track and who will reform our tax code by lowering rates and eliminating special interest loopholes so we can encourage investment here in America, not abroad.”
< Reality Check >
Posted by Liberal on Sep. 15 2014,7:27 am
You bold comments from the tax evaders spokesman and think that means Franken lied? The only statement judging the accuracy is the one that says "But the ad may overstate McFadden’s Bermuda connection when it says that his business is based in Bermuda."
Why did you not highlight the part that said
The Lazard Middle Market office he led is headquartered in Delaware. Nevertheless, it’s fully a part of the parent company in Bermuda. And while he says he’s opposed to tax inversions, McFadden made a fortune with one of the first American companies to do i .
Posted by MADDOG on Sep. 15 2014,8:43 am
I never said Franken lied anymore than you in another thread keep leading that readers to believe you think its OK to beat a kid to the point of making lacerations.I pointed out that the company was already in Bermuda when he jointed the company. Therefore he would have KNOWN about the tax inversion.
You argue just to argue.
By the way, how's that broad coalition coming that Obama said he had last Wednesday to “degrade” and “destroy” the Islamic State?
Posted by Liberal on Sep. 15 2014,9:54 am
if you were only pointing out that they moved wht did you bold the statement from the tax dodgers spokesman? I never led anyone to believe that it was okay to hit a kid with a stick but given your Iowa education, or lack thereof, I can see why you could think, now shouldn't you get back to selling cars?
Posted by stardust17 on Sep. 16 2014,1:04 am
According to the Trib poll hundreds of AL citizens support tax cheat McFatten. All them "hard-working, tax paying" citizens show their true colors once more.
Posted by Self-Banished on Sep. 16 2014,4:42 am
(stardust17 @ Sep. 16 2014,1:04 am)
QUOTE
According to the Trib poll hundreds of AL citizens support tax cheat McFatten. All them "hard-working, tax paying" citizens show their true colors once more.
Maybe these citizens are tired of paying a ton of taxes and getting dick in return.
Al's not as pure as the wind driven snow, he's actually been caught cheating or just being incompetent.
< http://www.startribune.com/opinion/editorials/18430429.html >
McFadden seems to be playing by the rules, like it or not.
Posted by Liberal on Sep. 16 2014,7:26 am
QUOTE
The revelation was not the confession of a tax cheat -- GOP spinners' best attempts to suggest otherwise notwithstanding. People trying to avoid paying taxes don't do so by paying them to the wrong state. No evidence of tax evasion has surfaced.
I'm pretty sure that issue was settled in 2006 when he paid his taxes to the wrong states
Posted by Common Citizen on Sep. 16 2014,7:41 am
Let's get the story straight people.McFadden is not a tax cheat. He became the CEO of Goldsmith, Agio, and Helms (domiciled in Minnesota) which was sold to Lazard in 2007 and became a subsidiary now called Lazard Middle Markets and is domiciled in Delaware. (If you know anything about finance, you would know that it is a common practice for financial institutions to be domiciled in Delaware because of the favorable tax climate). Completely legal and prudent for any business owner to consider. Last I checked, Delaware is still one of the 50 states.
Lazard is the parent company of the subsidiary Lazard Middle Markets (domiciled in Delaware) that McFadden has run since 2007. Lazard had already been moved to Bermuda by 2005, two years before McFadden's firm was bought out. (Obviously he was not apart of that decision nor would he be now if it ever came up because he is a CEO of the subsidiary (domiciled in Delaware) and not of the parent company (domiciled in Bermuda).
So no. McFadden is not a tax cheat.
Al Franken on the other hand...well you can read the stories yourself like Liberal has and make your own mind up as to who the tax cheat really is...I'll even defer the tax cheat label and call it incompetence. Not the kind of Senator I want voting for laws on my behalf.
Posted by Self-Banished on Sep. 16 2014,8:08 am
(Liberal @ Sep. 16 2014,7:26 am)
QUOTE
QUOTE
The revelation was not the confession of a tax cheat -- GOP spinners' best attempts to suggest otherwise notwithstanding. People trying to avoid paying taxes don't do so by paying them to the wrong state. No evidence of tax evasion has surfaced.
I'm pretty sure that issue was settled in 2006 when he paid his taxes to the wrong states
Then we'll just go with incompetence
Posted by MADDOG on Sep. 16 2014,8:23 am
Didn't you mean Incontinence?
Posted by Self-Banished on Sep. 16 2014,8:55 am
^^^
Posted by grassman on Sep. 22 2014,7:46 pm
Posted by Expatriate on Sep. 22 2014,8:09 pm
Posted by Self-Banished on Sep. 23 2014,5:03 am
Posted by Glad I Left on Sep. 23 2014,8:55 am
KSTP Truth Meter < Stewart Mills >
< Torrey Westrom >
And this is why I hate political ad season.
Posted by MADDOG on Sep. 23 2014,10:12 am
I'm sure you didn't have one party in mind when showing those two truth meter ads, but the Maybe he's scared of what he's done in the past?
Posted by Glad I Left on Sep. 23 2014,12:15 pm
Yes, I didn't really clarify that but meant to. BOTH parties and their associated PAC's are guilty of the same BS.So far KSTP has only done these two segments that I know of and could find. Had they done on the other side I would have included them as well.