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Qtec
04-08-2010, 03:22 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">ExxonMobil paid no federal income tax in 2009. (Updated)

exxon-mobilLast week, Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.” Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS:

Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.

Mother Jones’ Adam Weinstein notes that, despite benefiting from corporate welfare in the U.S., Exxon complains about paying high taxes, claiming that it threatens energy innovation research. Pat Garofalo at the Wonk Room notes that big corporations’ tax shelter practices similar to Exxon’s shift a $100 billion annual tax burden onto U.S. taxpayers. In fact, in 2008, the Government Accountability Office found that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005. </div></div>

link (http://thinkprogress.org/2010/04/06/exxon-tax/)

Q

ugotda7
04-08-2010, 04:02 AM
You mean like almost half of the US households?

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1

Nearly half of US households escape fed income tax

Recession, new tax credits have nearly half of US households paying no federal income tax

pooltchr
04-08-2010, 04:53 AM
Here's a very mis-understood fact for you. SOMEBODY paid that tax. If the corporation didn't write a check, the shareholders who made the money did. If you have a retirement account that has shares in E/M, you either paid, or will pay taxes on the profit your account made.

Steve

(Oh, wait...you don't pay US taxes, do you?)

LWW
04-08-2010, 05:37 AM
Please ... don't expect a leftist to understand capitalism.

LWW

LWW
04-08-2010, 05:42 AM
[quote=Qtec] <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.”

Q </div></div>

Why doesn't the left have their knickers in a knot over this one?

What's that?

GE owns MSNBC and were instrumental in putting the Obama regime in power?

I already knew that.

LWW

sack316
04-08-2010, 07:44 AM
And the update to this:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Though Exxon's financial statement's don't show any net income tax liability owed to Uncle Sam, a company spokesman insists that once its final tax bill is figured, Exxon will owe a "substantial 2009 tax liability." </div></div>

Now, of course the spokesman did not and said they will not disclose exactly how much that is. But looking over previous years, for example 2004, where their tax liability was $27,400,000,000. Put into perspective, that is roughly equal to what the bottom 50% of citizens paid in all together.

Then, there is the matter of who pays the tax anyway. Does anyone really think any company pays their taxes "out of pocket"? It is more like Steve said, shareholders and consumers get to bare the burden anyway.

Sack

LWW
04-08-2010, 07:56 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: sack316</div><div class="ubbcode-body">Then, there is the matter of who pays the tax anyway. Does anyone really think any company pays their taxes "out of pocket"? It is more like Steve said, shareholders and consumers get to bare the burden anyway.

Sack</div></div>

True dat.

One of the pillar myths of liberalism is that a corporation can in fact be taxed.

It clearly cannot be taxed.

Al tax is paid either by the investor ... read average citizen, which brings us to another pillar myth - that such a thing as "BIG OIL" actually exists ... or the end user.

The only sensible means of taxation would be the "FAIRTAX" ... but that would allow consumers to receive all of their earnings, see how much they really pay in taxation, and eliminate the citizen living in fear of the T-men.

LWW

eg8r
04-08-2010, 10:40 AM
And as our govnerment continues to increase taxes more businesses will follow suit.


eg8r

Qtec
04-08-2010, 05:52 PM
Geez, you sound like Glenn Beck. /forums/images/%%GRAEMLIN_URL%%/crazy.gif

Q

Qtec
04-08-2010, 05:58 PM
Obama <u>said he was going to cut taxes for 95% of the country,</u> why act so surprised?

Q

Qtec
04-08-2010, 06:02 PM
You act like this just happened?

What these companies are doing is wrong and un-American.

Q

ugotda7
04-09-2010, 06:22 AM
A Liberal Guide to Debating Conservatives
Mar 31, 2010 Author Scot Cerullo

Liberals have long since learned that debating Conservatives can be a challenging endeavor, since Conservatives have a penchant for fortifying their arguments with facts, statistics, history and other elements that create convincing and thoughtful arguments.

Not to worry. The following are several tips Liberals can use right away to begin defeating Conservatives in every debate, every time.

Lib Tip # 1: Drop the Race Card: The moment your Conservative opponent begins crafting a cogent, air-tight argument buttressed in fact, drop the race card. This technique is designed to stifle further discussion, impugns your opponent and puts him on the defensive. Often, this is enough of a distraction to direct attention away from your lack of qualitative, quantitative evidence.

Lib Tip # 2: Impugn the Source: When debating a Conservative, content is less important than character. When your Conservative opponent states a compelling argument, do not address the argument and instead attack the Conservative personally. Since we are all sinners, it shouldn’t take long to find something wrong with your opponent. Use it.

Lib Tip # 3: Social Justice Trumps Logic: Argue every issue from a “Social Justice” or “Moral” high-ground. The Conservative will attempt to show that your ideas are unworkable, unsustainable or downright illogical. Don’t worry about any of that. Just stay on message by arguing from the moral, social justice perspective.

Lib Tip # 4: Exploit the Weakest Link: Define your opponent by his weakest link. If 10,000 Tea Partiers hold a rally, and one guy has a placard that is inappropriate, that is all you need to characterize the entire group as radical, racist militants. See how that works? It’s simple and fun and, most importantly, deflects all those awkward facts and articulate points away from the discussion and leaves the Conservative in a defensive mode.

Lib Tip # 5: Use “New Speak”: If health care is not a right according to the Constitution, and you want it to be a right, claim it is and then raise your voice. Raising your voice is always the best course of action in lieu of a good argument. Redefine words to suit your needs, and always be on guard for any stray, powerful fact or statistic the Conservative may use to support their position.

Lib Tip # 6: State the Opposite of what you believe: If you are in favor of taking money from producers and giving it to non-producers, that’s fine, but make sure your wording is a bit more obtuse than that. Try saying you are in favor of moral and social justice, and characterize everyone who earns a good living as somehow having won the lottery in life, and all those who want as being desperately hard-working folks who have an almost allergic reaction to hand-outs. Never imply or point out in any way that people can change their situation simply by making better decisions.

Lib Tip # 7: Define America by it’s Errors, not its Successes: Taking a cue from Lib Tip # 4, it is important to characterize America by it’s errors in judgement and misdeeds. It is critical that you completely overlook the good things America has done, and the manner in which it has beaten back one dictatorship after another. In fact, you must go to some lengths to divert people from the notion that without America, the world would be a far more dangerous, hostile, sad place. So talk about Indians and Slaves.

Lib Tip # 8: Blame talk radio and FOX news for fanning hate and racism: Avoid at all costs the fact that both talk radio and FOX news stand in defiant refutation of an otherwise fully agreeable media that presents only one template, a liberal template. Also, attempt to divert attention should someone ask why Conservative Talk Radio and FOX news is growing exponentially, while traditional, liberal media is closing offices, thinning their employees and running deficits like, you know, the government.

Lib Tip # 9: Government is Good: Insist that a massive expansion of government is a good thing. Assert that it is our patriotic duty to pay ever more in taxes so that a centralized government comprised of east and west coast Liberal elites can decide what is best for the unwashed masses, since it would be sheer lunacy to allow individuals the right to make decisions for themselves. If you run into problems, see Tips 1-8.

Lib Tip # 10: Assign Blame away from Yourself: Always assign blame to the other guy, preferably a Conservative. This may require rewriting history so that people may one day believe that Reagan did NOT usher in 25 years of prosperity, or it may require still more retooling of the content of public school text books. But over time we’ll get there.

Remember: The ends justify the means. No matter how cruel and violating the means may be, if it results in a mediocre society where all citizens ultimately suck off the the government for their most meager needs, it will all be worthwhile.

There is of course the small matter of where all the money for all these programs will come from. Right now, they come from spirited entrepreneurs, dreamers with drive and other people whose passion poses a direct threat to the new world we want to usher in.

But first things first. Learn the ten tips to squelch free speech, hurt your opponent with the intellectual equivelant of a kick to the groin and avoid facts, statistics and studies altogether, as those will get you in trouble.

Good luck Liberals! Battle on and remember what Dennis Prager said: The bigger the government, the smaller the citizen. Oh wait, no. You don’t want to remember that. My bad. Here, try this: From each according to his ability, to each according to his needs. Yeah, that’s the one. Whew!

LWW
04-09-2010, 06:59 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Geez, you sound like Glenn Beck. /forums/images/%%GRAEMLIN_URL%%/crazy.gif

Q </div></div>

Thank you.

LWW

Under
04-09-2010, 07:13 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Geez, you sound like Glenn Beck. /forums/images/%%GRAEMLIN_URL%%/crazy.gif
Q </div></div>
Thank you.

LWW </div></div>
My thoughts precisely. Thanks is the appropriate response when a commentary is accurately stated and well appreciated.

Congratulations on a possible signature quote from Q.

LAMas
04-10-2010, 01:03 AM
DROWNING IN THE VAT!
7 April 2010

When the President was campaigning for office he repeatedly promised that if you elected him and if you made less than $250k a year you would not see your taxes go up one penny.

It was a big applause line: I’m going after the rich, so if you’re not rich, relax.

Well, if you’re not rich you can wake up now, relaxing time is over.

The President’s most respected economic advisor, Paul Volcker, has hinted that Obama must raise taxes, and he should institute a VAT or value added tax on everything you buy, from candy bars to cars. This layered tax loads on the taxes for all the materials that go into a product before you pay another tax for the finished product.

Politicians love it because it raises billions and billions of dollars. And Obama needs those billions because he can’t pay for his Obamacare.

The VAT tax is going to hurt everybody in this country who buys anything, not just people who make over two hundred fifty thousand dollars.

It’s President Pinocchio. His nose is growing.
.

Read more: http://www.foxnewsradio.com/2010/04/07/drowning-in-the-vat/#ixzz0kg7bK0r5

Gayle in MD
04-10-2010, 06:53 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">ExxonMobil paid no federal income tax in 2009. (Updated)

exxon-mobilLast week, Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.” Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS:

Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.

Mother Jones’ Adam Weinstein notes that, despite benefiting from corporate welfare in the U.S., Exxon complains about paying high taxes, claiming that it threatens energy innovation research. Pat Garofalo at the Wonk Room notes that big corporations’ tax shelter practices similar to Exxon’s shift a $100 billion annual tax burden onto U.S. taxpayers. In fact, in 2008, the Government Accountability Office found that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005. </div></div>

link (http://thinkprogress.org/2010/04/06/exxon-tax/)

Q </div></div>

Corporate welfare is exactly what is destroying America, and the Republican sheep are too stupid to get it!
/forums/images/%%GRAEMLIN_URL%%/crazy.gif
G..

pooltchr
04-10-2010, 09:33 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">
Corporate welfare is exactly what is destroying America, and the Republican sheep are too stupid to get it!
/forums/images/%%GRAEMLIN_URL%%/crazy.gif
G.. </div></div>

So you think having almost half of the country not contributing anything to the operation of the country in the form of paying a fair share of taxes is a good thing?????

And you think Republicans are stupid????????????????????????

Steve

Chopstick
04-10-2010, 10:17 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">
Corporate welfare is exactly what is destroying America, and the Republican sheep are too stupid to get it!
/forums/images/%%GRAEMLIN_URL%%/crazy.gif
G.. </div></div>

We are in agreement on this point, except the Republicans AND Democrats are too stupid to get it. Don't forget that Obama is in bed with Goldman. Why do you think Lehman was allowed to fail? Goldman wanted it that way. Goldman and others are going to be in league with whoever gets voted into the white house. That is the way our current political system works. The Tea Partiers are the only ones who want to do something about it.

The Tea Party is not about Democrat or Republican. They hate them both. It is about returning this country to it's original values as the founders intended. No Democrat or Republican from back in that time would tolerate what is being done today.

If one of them had stated in public that you have to pass a bill so you can find out what's in it, they would have been thrown out of office immediately.

I have been reading the political platforms of both parties starting at their origination going forward through time. The evolution of the political thought process is disturbing to say the least and it is on both sides. What is happening today started after the civil war and got much worse in the early nineteen hundreds. During the Wilson administration 150,000 Americans were imprisoned for disagreeing with the policies of the current government.

So, don't say that socialism and camps for political prisoners can't happen in America. It already has. Research the American Protective League while you still can. Information about it's activities is disappearing from the internet daily. Progressives don't want anyone to know about it. And Obama not only wants to reinstate it, he wants it to be, in his own words,"as well armed and as well funded as the American military". Why? A private army equal to the most powerful military force on earth, inside the borders of the United States reporting directly to him. What's he going to do with it?

There is a Tea Party Monday. I am going to find out first hand what it is about.

PS: I heard it is a good place to pick up chicks. Did you forget, this is chopstick you are talking to. /forums/images/%%GRAEMLIN_URL%%/grin.gif

LWW
04-10-2010, 02:26 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: pooltchr</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">
Corporate welfare is exactly what is destroying America, and the Republican sheep are too stupid to get it!
/forums/images/%%GRAEMLIN_URL%%/crazy.gif
G.. </div></div>

So you think having almost half of the country not contributing anything to the operation of the country in the form of paying a fair share of taxes is a good thing?????

And you think Republicans are stupid????????????????????????

Steve </div></div>

No.

She thinks that making the poorest 50% a permanent underclass by destroying upward mobility will lock them into being chattel of the party.

The ultimate victory comes when the last of the capitalists is forced from the country leaving the proles to eternal serfdom ... and outer party agit-props such as G/W/H/Q sipping their Victory Gin in front of their state operated televiewer wondering who sells out who first to curry favor with the inner party members.

Just as in 1917 and 1933, we are witnessing the party members march joyously into tyranny. Oddly, anti semitism is once again one of the driving forces behind it. Anyone who believes that "NEOCON" is anything other than leftist for "JEW/PRO ISRAEL" is simply not paying attention.

The rants of moonbats such as Alex Jones and Jeff Rense are merely updated versions of "THE PROTOCOLS OF THE ELDERS OF ZION" and nothing more.

LWW

LAMas
04-10-2010, 09:55 PM
Equality Now.

Soon commeth the Value Added Tax to level the field so that those on the dole that don't pay Fed tax will - for air con, boom boxes, designer sneakers, saggin jeans, bling, designer nail paint, fattening unhealthy fast foods, cigs and brew.

Hallelujah, praise the newly elected Imam Mahdi for he is sharing the wealth.

Can I get an Amen Bro?

eg8r
04-11-2010, 08:39 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">You act like this just happened?</div></div>Only you would make such a foolish statements. California is in the predicament they are in because of over taxation by the Government. Keep taxing and they will keep moving away. As far as being un-American, you don't even know what that means.

eg8r

LAMas
04-11-2010, 09:45 PM
We in California are over taxed because the libs voted for generous benefits at the cost of good business.

'Something's Got To Give': Massive Pension Fund Shortfalls Threaten To Bankrupt States
First Posted: 04- 5-10 03:41 PM | Updated: 04- 5-10 07:06 PM

State governments have already been slammed by the recession, but there's an even more massive financial threat looming in the form of immense projected shortfalls in public-employee pension funds -- in some cases so big there is literally no way the states can make them up anytime soon, even if they tried.

Chronic underinvestment (particularly in the bubble years), poor management of assets before and during the financial crisis, and, in some cases, unfunded benefit increases have put many pension funds wildly out of balance.

But state taxpayers are contractually obligated to make good on the retiree benefits -- even as those promises threaten to crash headfirst into obligations to pay for schools, public safety, health care and the like.

"Something has got to give," says Joe Nation, the director of a Stanford University graduate program that is reporting today that the cumulative shortfall from California's three giant pension funds alone is somewhere around $500 billion.

Not only is that considerably more than the state is currently projecting, but it's almost six times the state's entire general fund budget. In other words, it would take California six years -- with no spending on education, public safety, health care or anything else -- to fill the gap.

"What is so alarming is there is no way that the state will be able to meet these obligations," Nation tells HuffPost. "The odds are so heavily stacked against the state on this one. The question is how we dig out of this."

It's a profoundly grim situation across the nation, for everyone involved -- with the usual exception. A new analysis by the New York Times concludes that the nation's 10 largest public pension funds have paid private equity firms more than $17 billion in fees since 2000, without reaping the rewards they were promised

eg8r
04-12-2010, 12:11 PM
I always use California as an example of what happens when greedy politicians decide to stick their fingers in pockets they don't belong. Businesses left California in droves because of this.

eg8r