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

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

    Quote Originally Posted by dontworrybehappy View Post
    How many lawsuits against GE have their been by employees being abused, not paid, etc etc? How many for Wal Mart?
    A lot and a lot.

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

    Quote Originally Posted by mertex View Post
    Which is what my posts have tried to uncover - I'm not trying to make a partisan issue, if that is who you are directing the comment I made about not being able to think that far ahead. Cons have tried to insinuate that Immelt's appointment by Obama is somehow connected to GE paying Zero taxes - I'm trying to show them that Reps get more contributions than Dems from GE.

    As usual, their insinuations are contradictory!

    Not at all...Tell me do the individuals of any particular company reflect the ideology of their CEO? I'd bet you'd have one heck of a time proving that one.


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

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

    Quote Originally Posted by mertex View Post
    Maybe not so good
    maybe?

    LOL!

    jeffrey immelt, offshore tax avoider, one-kneed supplicant to the poster boy of dc corruption

    and the man barack hussein obama promotes to be his COMPETITIVENESS CZAR!

    party on, progressives

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

    Quote Originally Posted by The Prof View Post
    maybe?

    LOL!

    jeffrey immelt, offshore tax avoider, one-kneed supplicant to the poster boy of dc corruption

    and the man barack hussein obama promotes to be his COMPETITIVENESS CZAR!

    party on, progressives
    Sounds like the kind of guy that would let Pelosi, Reid run roughshot, and let Samantha Power, and Hillary dictate foreign policy alright.

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

    Alexis de Tocqueville

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

    Quote Originally Posted by SheWolf View Post
    Why wouldn't they be? If you report on the 1040, you'd be eligible for those credits... You might not be eligible for business credits, but you might still be eligible for personal credits on the 1040. I am not saying that every business will get a refund or should, and you can qualify for a credit but it may not be enough to net you a refund, just lowers your taxable income. Sometimes a company gets a refund though.

    The tax form for large corporations, with publicly traded stock, is Form 1120.

    http://www.irs.gov/pub/irs-pdf/f1120.pdf

    Refundable credit amounts are listed on lines 30 - 36 on that form..
    I see, so IOW, that one client you referenced got lucky and is in no way representitive of most businesses in the country and you were talking from where the sun doesn't shine?

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

    Quote Originally Posted by j-mac View Post
    Not at all...Tell me do the individuals of any particular company reflect the ideology of their CEO? I'd bet you'd have one heck of a time proving that one.
    Proving what? That they do or they don't? I haven't commented either way, but you seem to have some idea, so why don't you enlighten me?



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

    Quote Originally Posted by j-mac View Post
    Sounds like the kind of guy that would let Pelosi, Reid run roughshot, and let Samantha Power, and Hillary dictate foreign policy alright.

    j-mac

    Yeah, I guess he only likes specific Republicans, has nothing to do with the party? That is too funny, please tell me another joke!

    General Electric CEO Jeffrey Immelt is joining the Obama administration's effort to jumpstart job creation, but prior to that he was a generous donor to GOP candidates.

    The White House announced early Friday that Immelt will be the chairman of Obama's new Council on Jobs and Competitiveness, but campaign finance records show that around two-thirds of the Cincinnati native's contributions over the years have been to Republicans.

    Just last cycle, Immelt dipped into his pockets to help elect GOP majorities.

    According to OpenSecrets.org, Immelt gave $4,800 to Ohio Sen. Rob Portman and $4,300 to Missouri Sen. Roy Blunt.



    "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

    Quote Originally Posted by Marshabar View Post
    The United States, thanks to greedy politicians of all stripes, has become a Corporatocracy.
    Why wouldn't corporations take advantage of a middle class dumb enough to lower corporate taxes for them and the taxes for the wealthy for the last 30 years thereby taking on more debt for ourselves?

    We get the government we deserve. I don't have any unrealistic expectations for our leaders to be smarter than we are.
    Last edited by Catawba; 03-28-11 at 12:17 AM.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by The Prof View Post
    maybe?

    LOL!

    jeffrey immelt, offshore tax avoider, one-kneed supplicant to the poster boy of dc corruption

    and the man barack hussein obama promotes to be his COMPETITIVENESS CZAR!

    party on, progressives
    But you don't mind that he contributes more to Republicans? Of course not. LOL!



    "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

    The head of [GE's] tax team, Mr. Samuels, met with Representative Charles B. Rangel, then chairman of the Ways and Means Committee, which would decide the fate of the tax break. As he sat with the committee’s staff members outside Mr. Rangel’s office, Mr. Samuels dropped to his knee and pretended to beg for the provision to be extended — a flourish made in jest, he said through a spokeswoman.

    That day, Mr. Rangel reversed his opposition to the tax break, according to other Democrats on the committee.

    The following month, Mr. Rangel and Mr. Immelt stood together at St. Nicholas Park in Harlem as G.E. announced that its foundation had awarded $30 million to New York City schools, including $11 million to benefit various schools in Mr. Rangel’s district. Joel I. Klein, then the schools chancellor, and Mayor Michael R. Bloomberg, who presided, said it was the largest gift ever to the city’s schools.
    http://www.nytimes.com/2011/03/25/bu...pagewanted=all

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