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Thread: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

  1. #21
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by obvious Child View Post
    Perhaps, you unlike Ockham, should read the thread before posting. Koch's dumb ass lawyer asserted that the Administration broke privacy laws in what they stated. Except that the administration merely summarized section S of the code after looking up section S of the code. By saying that the administration broke privacy laws, they are arguing that by looking up section S of the tax code, that was a violation of privacy laws. Thus, anyone who looks up various tax code sections has committed a crime. I'm merely taking the truly asinine argument given by Kock's stupid lawyer and supported by various ignorant partisans here to show how completely absurd they are.

    Do I think that looking up various tax code sections is a crime? Not a chance. But I also think Koch's lawyer is completely full of ****. But that doesn't stop me from making fun of his total idiocy.

    I can see why most of the partisans abandoned this thread. It's total epic fail on their part.
    If the administration revealed protected details of how Koch filed through it's S corp, then in fact, the administration violated privacy laws, since s corps are filed on individual taxes; privacy laws are protected under the privacy act. You're wrong, unless you want to display your tax law prowess explaining to us how the privacy act is applied to s crops vs. c corps. Care to take that challenge?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #22
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    If the administration revealed protected details of how Koch filed through it's S corp
    Which they didn't. Furthermore, there are no protected details of registration. I see you're itching for a whopping.

    then in fact, the administration violated privacy laws
    Which they didn't as it is not illegal to talk about the public registration of companies. How much fail do you want this time?

    since s corps are filed on individual taxes
    Not correct. S corp income for the most part flows through to individuals and is reported on individual shareholders' taxes. The S-corp itself files its own informational tax return.

    privacy laws are protected under the privacy act.
    To which the adminstration said nothing of.

    You're wrong
    Really. Want to prove to me how saying KI doesn't pay corporate taxes because it's an S corp is illegal under privacy laws? Please. Cite the relevant code. Try. Or run away. By your crackpot logic, me saying Microsoft is a C-Corp and pays corporate taxes just violated privacy laws.

    unless you want to display your tax law prowess explaining to us how the privacy act is applied to s crops vs. c corps.
    Except that the Adminstration revealed nothing covered under the privacy act. Therefore, you, as usual, are wrong. Not exactly news you are wrong, but it should be noted you are wrong. How is looking up publically avaliable registration illegal and saying publically avaliable information in the news illegal? How is looking up publically avaliable 990s illegal? Really. Tell me how saying on camera everything that the average citizen can get on their own legally illegal. Or you could run away.

    Care to take that challenge?
    Already did. The question now is are you going to flee this thread.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #23
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    If Koch is an S corp, then they should fall under the protections of The Privacy Act, since the share holders report income and loss on their individual tax returns.
    Where did you come up with that? In Texas, if you have an s-corp, it is a felony to move money between corporate and personal accounts, other than paying yourself a paycheck.
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by danarhea View Post
    Where did you come up with that? In Texas, if you have an s-corp, it is a felony to move money between corporate and personal accounts, other than paying yourself a paycheck.
    He's not wrong about the reporting of shareholder S-Corp income and loss on individual returns. He did entirely missed that S-corps file their own returns (1120S). He's also entirely wrong about S-corp registration falling under the Privacy Act in this context. I can go down right now to my local registration office and look up the registration of any company in the books. All legal.

    How does that Texas law work? How do passive investors get their share of income if it's illegal to transfer money between accounts? Passive investors don't get paychecks. You sure that's right? Maybe it's illegal to make unreported distributions from corporate accounts to personal ones? This sounds odd Dana.
    Last edited by obvious Child; 09-27-10 at 03:31 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by danarhea View Post
    Where did you come up with that? In Texas, if you have an s-corp, it is a felony to move money between corporate and personal accounts, other than paying yourself a paycheck.
    Where did I say anything about moving money? I was talking about filing taxes.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Where did I say anything about moving money? I was talking about filing taxes.
    And you were wrong. Like OC said, you can go down to your local registration place and check out any company that registered there. It's public information, dude.
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  7. #27
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by Deuce View Post
    And you were wrong. Like OC said, you can go down to your local registration place and check out any company that registered there. It's public information, dude.
    Again, we're not talking about registrations, we're talking about tax filings. All of you are aware that not all of that information--corporate or personal taxes--is public information, that some of it is protected by The Privacy Act.

    As far as being a felony to take money out of an S-corp, that must be a state law.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  8. #28
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    Again, we're not talking about registrations, we're talking about tax filings.
    You still don't get it do you? All the administration did was look up what Koch was registered in the Texas Registration Database and then look up the relevant tax code.

    You can do this too! For cheap or even free.

    Public Information

    # Electronic filing of UCC documents for as low as $5.00 per document and for electronic filing of business organizations for fees set by statute. Certificates of formation, applications for registrations, name reservations; changes to registered agents/offices and assumed name certificates can be filed online. Dissolutions, terminations and withdrawals for corporations and limited liability companies; cancellation of certificates or registrations of limited partnership; registration of Texas LLPs and withdrawals of foreign LLPs also may be filed electronically. Applications for reinstatement following tax forfeiture and amendments to change the name of business and professional corporations may be filed through SOSDirect. In addition, annual statements, limited partnership and nonprofit corporation reports may be filed using SOSDirect.

    # Turntime for web filings is generally 24 hours or less.

    Expands records available online and includes records filed with the SOS relating to:

    * Corporations
    * Limited Partnerships
    * Limited Liability Companies
    * Assumed Names
    * Trademarks
    * Limited Liability Partnerships
    * Foreign and State Financial Institutions
    * Uniform Unincorporated Nonprofit Associations
    * Probate Code filings by Foreign Corporate Fiduciaries
    * UCC Financing Statements
    * Federal Liens
    Seriously. Uber fail there Apdst.

    They called the Texas Registration office, asked them what Koch was registered under and then looked up Section S of the tax code.

    All of you are aware that not all of that information--corporate or personal taxes--is public information, that some of it is protected by The Privacy Act.
    Of course. Too bad that nothing the administration said is protected. Show me where registration data is private.

    Again,
    Public Information

    You can go there free to look up the registration of businesses in Texas. Every state has one of these offices.

    Tell me Apdst, how is calling the Texas Registry office, asking them for publicly available information and then looking up the tax code relevant to that specific tax registration is a violation of anything?

    Do you know why Zimmer, Ockham, Mr. V and others have left this thread? They know they are wrong. The question is when you will figure that out.
    Last edited by obvious Child; 09-28-10 at 03:58 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #29
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by Deuce View Post
    And you were wrong. Like OC said, you can go down to your local registration place and check out any company that registered there. It's public information, dude.
    You'll have to excuse Apdst. He doesn't realize that one can determine the tax implications by merely looking at registration filings. He fails to understand by having the registry office tell you that company A is a partnership that you can look up parntership taxation that will tell you that the partnership income is taxed on its partners' returns. He never learned that structure defines function.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #30
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    Re: Koch Industries Lawyer to White House: How Did You Get Our Tax Information?

    Quote Originally Posted by apdst View Post
    I was talking about filing taxes.
    But you constantly fail to connect the dots. Filings are determined by legal registration. And those legal registrations are public information. Therefore, anyone, including YOU, can call up a state's registry office, ask what the legal formation of Company XYZ is and then look up the relevant tax code to see what general implications are relevant to them. Just like some staffer did in the Obama Administration. He grabbed his phone. Looked up the phone number for the Texas registry office and made a call. For FREE.

    I keep referencing Microsof to show just how absurd you are. You are explicitly arguing that looking up Microsoft's registration up online (or calling the Washington Registry office), seeing they are a C-Corp and then looking up the C corp relevant tax code is a violation of the Privacy Act. Are you wrong? 100%. Are you willing to admit it? Not a chance in Hell.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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