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Thread: G.E.ís Strategies Let It Avoid Taxes Altogether

  1. #181
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    How do they define "standard of living?" - what do they have against my large, air conditioned home that I've programmed into the GPS on my portable phone? I can certainly picture living in my grandfather's cinder block home and getting around town in that giant station wagon jamming to AM radio -- perhaps figuring out how to reach my destination using a map I ripped out of the phonebook the last time I had to use the pay phone to make a call... but it's lost on me why that represents a higher standard of living.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by The Prof View Post
    LOL!

    wonder away
    There's a fox in the chicken house - why are you so intent on seeing him go? Is it because his support for Obama shows he is one of the "smart" Republicans? LOL!

    For evidence of this pivot in strategy, look no further than today announcement that GE CEO Jeffrey Immelt will head Obama's new Council on Jobs and Competitiveness, replacing former Federal Reserve Chairman Paul Volcker and his Economic Recovery Advisory Board. Immelt, who identifies as a Republican, supported Obama during the 2008 presidential campaign and sat on Volcker's board. In a Washington Post op-ed, he recommends that the restructured advisory board--which will include representatives from the ranks of business, labor, and government--hasten economic growth and promote America's competitiveness by boosting manufacturing, exports, free trade, and innovation.

    Jeff Immelt Becomes Obama Adviser: Smart Move? - Business - The Atlantic Wire



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





  3. #183
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    as far as i'm concerned, mr immelt is just fine where he is

    you might get a more substantial answer, however, from senator feingold

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by The Prof View Post
    as far as i'm concerned, mr immelt is just fine where he is

    you might get a more substantial answer, however, from senator feingold

    Why am I not surprised!



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    LOL!

    why did obama pick him!

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by Catawba View Post
    So you are satisfied with $113 growth over 3 decades, with one and seven poor and more and more of the middle class sliding into the lower class, while those that make over $1 million get a tax decrease of $93,000 a year on average? That is what you call fair?
    Incorrect statistic. They grew on average $113 per year for the past 3 decades. That would mean total they grew by $3000 in REAL 2009 DOLLARS. The underclass has not gotten poorer. And, as to your question, yes I believe it is perfectly fair that people earn differing amounts of money.

  7. #187
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by washunut View Post
    You would be hard pressed to get the profits made overseas taxed in the U.S. The offshore business is incorporated in that foreign land. So there is no basis to tax it in the U.S. If the government presses this issue, you may find that many multi-nationals will simply move their entire headquarters overseas, thus taking more jobs out of the U.S. economy.
    Oh, the big corporations are too big too corral? That seems like a major problem to me...... A government needs to be sufficiently strong that is can regulate the corporation, not have the corporation run government. If this is a problem, maybe we need more government (like IRS agents).... Sorry, I am not afraid of companies moving their HQ to other countries... if they want to sell into US markets, they pay their fair share of taxes...

    The corporations dodge taxes with sophisticated cost and revenue allocation schemes.... they show large profits from the offshore manufacturing operations and marginal income from domestic activities. The schemes can be scrutinized and challenged by the IRS, if they had enough agents.... but we chose to starve the IRS, rather than having them work for us to get tax dodgers and shore up revenue.

    Minimum tax can be enacted on corporations the same way that minimum tax is enacted on individuals, by creating a second calculation that begins with revenue, then eliminates or recalibrates certain accelerated deductions, NOL carryforward benefits, and taxes certain foreign derived income. There are a zillion combinations of things that can be done to create an corporate alt min tax.

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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Quote Originally Posted by The Prof View Post
    LOL!

    why did obama pick him!
    Maybe you've never heard the statement "Keep your friends close, your enemies closer"!



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





  9. #189
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    maybe...

    LOL!

  10. #190
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    Re: G.E.ís Strategies Let It Avoid Taxes Altogether

    Immelt is Bammy's lap dog...only a willingly blinded anything would say otherwise

    Quote Originally Posted by mertex View Post
    There's a fox in the chicken house - why are you so intent on seeing him go? Is it because his support for Obama shows he is one of the "smart" Republicans? LOL!

    For evidence of this pivot in strategy, look no further than today announcement that GE CEO Jeffrey Immelt will head Obama's new Council on Jobs and Competitiveness, replacing former Federal Reserve Chairman Paul Volcker and his Economic Recovery Advisory Board. Immelt, who identifies as a Republican, supported Obama during the 2008 presidential campaign and sat on Volcker's board. In a Washington Post op-ed, he recommends that the restructured advisory board--which will include representatives from the ranks of business, labor, and government--hasten economic growth and promote America's competitiveness by boosting manufacturing, exports, free trade, and innovation.

    Jeff Immelt Becomes Obama Adviser: Smart Move? - Business - The Atlantic Wire
    Obama is NOT 50 feet tall, he is ONE inch deep.
    Mark Levin

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