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

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

    Quote Originally Posted by TurtleDude View Post
    do you believe uber-wealthy dems like Boxer, Kerry, etc care about you other than pandering to you to get your vote by pretending that they want to stick it to the "rich"?
    I think they care more than the GOP or tea partiers do. To be honest I haven't paid much attention to Kerry since 2004. But Barbara Boxer, I'm more familiar with because I used to live in California and have followed her career since she was first elected. So yes, I think she cares a helluva lot more than Fiornia and judging from the polls, it appears that most Californians see that, too.

    an adulterer who is not going to jack up my taxes, further destroy American economic freedom etc is far preferrable to a chaste marxist tax hiking schemer
    An adulter who legislates against labeling formaldehyde, which has been proven to cause cancer, just to protect the chemical industry? If you or your family are dying of cancer or dead, why would you care about taxes? Your idea of economic freedom = freedom to kill for profit.
    Last edited by Moot; 10-04-10 at 04:05 AM.

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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
    It was. Unless you think that calling a state's registration office up and asking them for public information and then using the internet to access the freely avaliable IRS code is a crime.

    Maybe you think that me posting the legally required to be public 990 was a crime too?



    It is possible to have a discussion with people who have demonstrated a massive raging ignorance of the subject coupled with hatred of actually learning about the relevant legal code?

    Know why I'm making fun of you? Because reasonable people would have first looked up to see if what the administration said was illegal. None of you did that. You just assumed they violated the law and ran with it.
    Really? So the state has tax records of private companies that are freely open to anyone that calls??? NO, they do not. Privately held companies don't have to publicly divulge any tax information, which begs the question of how Obama knows or thinks Koch doesn't pay corporate income tax. Private companies are NOT REQUIRED TO DIVULGE TAX INFORMATION !! Registration data is not private, but whether Koch paid taxes or not IS private.

    Is Microsoft privately held?? No, didn't think so.

    Now, what were you saying about ignorant people??

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by Gill View Post
    Really? So the state has tax records of private companies that are freely open to anyone that calls??? NO, they do not. Privately held companies don't have to publicly divulge any tax information, which begs the question of how Obama knows or thinks Koch doesn't pay corporate income tax. Private companies are NOT REQUIRED TO DIVULGE TAX INFORMATION !! Registration data is not private, but whether Koch paid taxes or not IS private.

    Is Microsoft privately held?? No, didn't think so.

    Now, what were you saying about ignorant people??
    Koch Industries are listed as an S corporation and it says right here in Wikipedia that S corporations don't pay federal taxes....

    In general, S corporations do not pay any federal income taxes....

    Payments to S shareholders by the corporation are distributed tax-free to the extent that the distributed earnings were not previously taxed. Also, certain corporate penalty taxes (e.g., accumulated earnings tax, personal holding company tax) and the alternative minimum tax do not apply to an S corporation....
    S corporation - Wikipedia, the free encyclopedia
    No one had to look at the Koch's tax records to know or say they don't pay federal taxes. The entire allegation by the Koch's lawyers is a red herring.


    Here is what Obama said.....

    "So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we've literally got something like 50 percent of the business income in the U.S. is going to businesses that don't pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base."
    Last edited by Moot; 10-04-10 at 08:55 PM.

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

    Quote Originally Posted by Moot View Post
    Koch Industries are listed as an S corporation and it says right here in Wikipedia that S corporations don't pay federal taxes....



    No one had to look at the Koch's tax records to know or say they don't pay federal taxes. The entire allegation by the Koch's lawyers is a red herring.


    Here is what Obama said.....

    "So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we've literally got something like 50 percent of the business income in the U.S. is going to businesses that don't pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base."
    You're totally misintereting that. S-corps do pay federal taxes, they don't pay self employment taxes.

    And, if Obama really beleives that there is any corporation that doesn't pay federal income taxes, then he is way-too-damned-stupid to be president.
    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
    You're totally misintereting that. S-corps do pay federal taxes, they don't pay self employment taxes.

    And, if Obama really beleives that there is any corporation that doesn't pay federal income taxes, then he is way-too-damned-stupid to be president.
    Wow, I post the facts and you post baloney. How typical of you.

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

    Quote Originally Posted by Moot View Post
    Koch Industries are listed as an S corporation and it says right here in Wikipedia that S corporations don't pay federal taxes....



    No one had to look at the Koch's tax records to know or say they don't pay federal taxes. The entire allegation by the Koch's lawyers is a red herring.


    Here is what Obama said.....

    "So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we've literally got something like 50 percent of the business income in the U.S. is going to businesses that don't pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base."
    The issue is NOT their filing status, it's whether they paid any corporate taxes or not. Filing status is public information, taxes paid, if any, is private information that no one should have legal access to when the corporation is a privately held S-Corp. Profits from S Corps is paid as individual income. Do you want Obama, or anyone else having access to your private tax records ??

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    To all our non-expert-expert tax attorneys out there:

    TIGTA Agrees to Probe Possible Breach of Taxpayer Info by Obama Administration

    The Treasury Inspector General for Tax Administration has agreed to the request from Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, and six other committee members to conduct an investigation of whether Obama Administration officials illegally accessed and disclosed confidential taxpayer information involving a particular taxpayer.

    The inquiry comes after media reports quoted a senior Obama administration official describing the tax structure of Koch Industries, Inc., a prominent financial supporter of the Tea Party Movement. Taxpayer confidentiality laws are strict, in part to prevent the use of tax information for political gain. The official appeared to indicate knowledge of Koch Industries’ tax structure beyond what is publicly available.

    “The statement that Koch is a pass-through entity implies direct knowledge of Koch’s legal and tax status, which would appear to be a violation of section 6103,” the senators wrote. “Alternatively, if the statement was based on speculation, it raises the question of whether the Administration speculating about any specific taxpayer’s liability is appropriate.”
    .
    Last edited by zimmer; 10-07-10 at 09:38 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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

    Quote Originally Posted by Moot View Post
    Wow, I post the facts and you post baloney. How typical of you.
    What's baloney, is the idea that an s-corp doesn't pay Federal income taxes. S-corps pay federal income taxes, only the taxes are filed on the 1040 of the owner(s).
    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
    What's baloney, is the idea that an s-corp doesn't pay Federal income taxes. S-corps pay federal income taxes, only the taxes are filed on the 1040 of the owner(s).
    the s corp profit is not taxed until it's distributed. so no corporate income tax is paid, and any distribution of profit to the shareholders is paid at an individual rate. so, it IS different than publicly held companies, whose dividends are taxed twice.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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

    Quote Originally Posted by zimmer View Post
    To all our non-expert-expert tax attorneys out there:



    .
    how so? s corps are pass through entities.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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