Page 4 of 21 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 209

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

  1. #31
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:26 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by The Barbarian View Post
    Our tax system is just a screwed up mess, and no amount of complaining will help, it's not just corporations or rich people, it's everyone. Who here hasn't cheated or taken advantage of the tax laws? While the rich and the corporations get all the headlines, consider this, what is the tab of the 80 or 90 million people that get an extra $200. or $300 dollars back every year from using the system.

    What this country needs to do, is to change our tax system, I have seen some suggest the flat tax which would be better then what we have. The one I like even better is the consumption tax. The main reason I like it better is because we would still be getting the tax dollars from the billions of dollars made illegally in this country.

    I could see a drastically reduced tax rate, and a lot more money going into government coffers
    That would be me. Big time!! But, "cheat", is such an ugly word. I prefer to phrase it as, "playing by the rules that the government set up".

  2. #32
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:26 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by SheWolf View Post
    I just graduated college and I work in tax right now. I don't have my cpa yet... This year I have to say, I feel like I am ripping off the IRS every single day. I helped a client/business owner get a 1,000 refund, and they would have owed over 1,000 dollars... I am still working on their return, and they are looking for more deductions and receipts so the refund amount will go up more. I think I can get it over 3,000 easily... and it's a lot of mileage deductions, small receipt items, and depreciation... anything that I can depreciate, small items, furniture, etc.

    It's legal, but it doesn't feel right...

    I think any decent CPA knows how to do that stuff... Again, I am just a first year tax accountant so I am not that experienced. The tax code is messed up and full of "loopholes."
    You're going to have to start a thread showing us how to do that. I never heard of a corporation getting a refund.

  3. #33
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 12:51 PM
    Gender
    Lean
    Conservative
    Posts
    30,274

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

    Quote Originally Posted by PeteEU View Post
    This thread is not about a partisan issue. US corporations pay very little if at all taxes but this is just the worst example I have seen and the tax code has not really been changed much for decades. I read another article that stated that while the US corporate tax rate is 35%, most companies pay less than 25% and some like GE nothing. Broadcom had an effective tax rate of 1.3% last year I believe. Apple had one of 25%.

    The problem is the loopholes companies have gotten put in the tax code over the decades, that allow such unpatriotic behaviour. GE and all companies that do not pay their full 35% in taxes should be nationalised and sold off in my opinion.

    Should you really be bitching about what America levy's as a corp. tax rate when your own Spain is lower than ours?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  4. #34
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by digsbe View Post
    It is wrong that GE is actually paid. Many conservatives in America have had a problem with this. Their CEO is a very corrupt individual. He owns MSNBC and has a very strong relationship with the Obama administration.
    The real problem is not with GE, or its CEO. Everything they did was legal. The problem is with the crazy tax code.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  5. #35
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 12:51 PM
    Gender
    Lean
    Conservative
    Posts
    30,274

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

    Quote Originally Posted by StillBallin75 View Post
    The real problem is not with GE, or its CEO. Everything they did was legal. The problem is with the crazy tax code.

    What should the rate be in your opinion?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  6. #36
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 05:26 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,461

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

    Quote Originally Posted by j-mac View Post
    What should the rate be in your opinion?


    j-mac
    I don't think he's necessarily talking about the corporate tax rate. But, I would love to hear Stillballin's solution.

  7. #37
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by j-mac View Post
    What should the rate be in your opinion?


    j-mac
    The rate? I'm really not sure if it should be higher or lower and I'm no expert, but I don't think that's the big issue here. The problem is the cumbersome tax code that legally allows an entity like GE to not pay any taxes at all. We shouldn't fault the player for playing the game, there's something wrong with the game itself.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  8. #38
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by apdst View Post
    I don't think he's necessarily talking about the corporate tax rate. But, I would love to hear Stillballin's solution.
    I don't have a real solution beyond what a lot of people are saying: Let's redo and simplify the entire tax code. But I think we can all agree that it's easier said than done. You can't fault a private entity for doing what's in its best interests.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  9. #39
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 12:51 PM
    Gender
    Lean
    Conservative
    Posts
    30,274

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

    How about a fair, or flat tax....


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  10. #40
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by j-mac View Post
    How about a fair, or flat tax....


    j-mac
    So J-mac are you referring to a system that purely relies on personal income?
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

Page 4 of 21 FirstFirst ... 2345614 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •