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OBAMA !!
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<blockquote data-quote="InDaShop" data-source="post: 177517" data-attributes="member: 1295"><p>I agree somewhat in part with you Nolen. But before you try to overhaul and go to a "Spending Tax" you need to close corp. loopholes. </p><p></p><p>Since 2006 General Electric has made $26billion, since that time it has also collected <strong>Tax Refunds of $4.1billion</strong>. Say what ******??? In our world that's +$9billion in taxes that should have been paid not a $4billion refund. That is a $13billion swing. WTF!!!</p><p></p><p>Thats just GE!</p><p></p><p>From just one article that popped when you google "corporation not paying taxes" </p><p><a href="http://www.alternet.org/economy/150598/how_12_multinational_corporations_avoid_paying_taxes/" target="_blank">http://www.alternet.org/economy/150598/how_12_multinational_corporations_avoid_paying_taxes/</a></p><p></p><p>"GE's partner in the telecommunications category, Verizon, is no less absurd. PC reminds us that last year the company caused an outrage when it "exploited a tax loophole to sell 4.8 million rural phone lines at a profit while avoiding $600 million in taxes." The shocking amount it ponied up in federal taxes? Zilch. And like GE, Verizon’s quite generous when it comes to contributions to committees that control taxation and regulation: in 10 years, it's dropped $12 million in campaign contributions, and another $131 million on lobbying. That’s a lot, but still less than it would have had to pay in taxes if it was held to the same standards as the rest of us.</p><p></p><p>So who else made the hotlist? Aside from the lucrative oil industry â€" ExxonMobil, Chevron, ConocoPhillips, Valero â€" there were a few surprises on the transportation list â€" Boeing, sure, but also FedEx and Carnival Cruise Lines? But perhaps the most infuriating corporations included are big-time recipients of corporate welfare â€" Bank of America, Citi, and Goldman Sachs, which helped decimate the housing market, were all rescued by the taxpayer-supported bailout but managed to pay little to no taxes in 2010. Last year, Bank of America made $4.4 billion...and received a refund of $1.9 billion"</p><p></p><p></p><p>Fix the problem and stop taking lobbied handouts congress. Buncha motherfuckering crooks!!!!!!!!!!!!!!!!!!!!!!</p></blockquote><p></p>
[QUOTE="InDaShop, post: 177517, member: 1295"] I agree somewhat in part with you Nolen. But before you try to overhaul and go to a "Spending Tax" you need to close corp. loopholes. Since 2006 General Electric has made $26billion, since that time it has also collected [b]Tax Refunds of $4.1billion[/b]. Say what ******??? In our world that's +$9billion in taxes that should have been paid not a $4billion refund. That is a $13billion swing. WTF!!! Thats just GE! From just one article that popped when you google "corporation not paying taxes" [url=http://www.alternet.org/economy/150598/how_12_multinational_corporations_avoid_paying_taxes/]http://www.alternet.org/economy/150598/how_12_multinational_corporations_avoid_paying_taxes/[/url] "GE's partner in the telecommunications category, Verizon, is no less absurd. PC reminds us that last year the company caused an outrage when it "exploited a tax loophole to sell 4.8 million rural phone lines at a profit while avoiding $600 million in taxes." The shocking amount it ponied up in federal taxes? Zilch. And like GE, Verizon’s quite generous when it comes to contributions to committees that control taxation and regulation: in 10 years, it's dropped $12 million in campaign contributions, and another $131 million on lobbying. That’s a lot, but still less than it would have had to pay in taxes if it was held to the same standards as the rest of us. So who else made the hotlist? Aside from the lucrative oil industry – ExxonMobil, Chevron, ConocoPhillips, Valero – there were a few surprises on the transportation list – Boeing, sure, but also FedEx and Carnival Cruise Lines? But perhaps the most infuriating corporations included are big-time recipients of corporate welfare – Bank of America, Citi, and Goldman Sachs, which helped decimate the housing market, were all rescued by the taxpayer-supported bailout but managed to pay little to no taxes in 2010. Last year, Bank of America made $4.4 billion...and received a refund of $1.9 billion" Fix the problem and stop taking lobbied handouts congress. Buncha motherfuckering crooks!!!!!!!!!!!!!!!!!!!!!! [/QUOTE]
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