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G.E.’s Strategies Let It Avoid Taxes Altogether

GE and other corporations have been getting tax breaks long before Obama became president.

ok, but not down to zero taxes paid

only ge, so far as we know, got on in its knees before CHARLIE

and most importantly, jeffrey immelt was ONLY RECENTLY selected as jobs czar
 
So, are you claiming that GE isn't getting sudsidized for their green energy projects? Do you oppose subsidizing green energy projects?

Do I support tax breaks for companies that promote an alternative to our war for oil program we've had going for 40 years since we passed peak oil in this country? You bet the last of your cheap oil I do!

We didn't? So, tell us, if you please, how the economy went into the crapper before Reagan/Bush became presidents. Can't wait to hear this.

Read up on the cost of the Vietnam war and the effect of the oil embargo. But even then, our national debt was manageable and the middle class had a higher standard of living than today. It has declined over the last 30 years of Reagonomics, what Bush the First referred to as Voodoo Economics!
 
Do I support tax breaks for companies that promote an alternative to our war for oil program we've had going for 40 years since we passed peak oil in this country? You bet the last of your cheap oil I do!



Read up on the cost of the Vietnam war and the effect of the oil embargo. But even then, our national debt was manageable and the middle class had a higher standard of living than today. It has declined over the last 30 years of Reagonomics, what Bush the First referred to as Voodoo Economics!

Well, you asked for it...you got it. What are you crying about?
 
Well, you asked for it...you got it. What are you crying about?

I have no problems with targeted tax cuts that actually help our economy. What I am opposed to is continued across the board tax cuts for the wealthy whether they are creating jobs or not. That just increases the national debt for which you and I and the rest of the middle class are responsible for.
 
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."

And those with cash will be able to work them holes all day and all night; like Kerry with his yacht.

The tax code should be scrapped and simplified. Fair... Sales... Flat... and it should be so simple the tax form would be no bigger than a postcard. Of course you would lose your job. Are you ready for that? Just curious?

.
 
And those with cash will be able to work them holes all day and all night; like Kerry with his yacht.

The tax code should be scrapped and simplified. Fair... Sales... Flat... and it should be so simple the tax form would be no bigger than a postcard. Of course you would lose your job. Are you ready for that? Just curious?

.

No serious candidate is proposing a regressive flat ("Fair") tax, so it is a moot point.
 
It's quite amazing, isn't it? While they attack teachers for making $50k and having good benefits, they'll graze over this like it didn't happen. It goes against what they have been indoctrinated with as they watch Fox News and listen to conservatives talk radio. Wouldn't you find it hard to believe as well if every day of your life you get it hammered home that liberals are all socialist idiots who want nothing more than to take your paycheck?

I saw a clip when a lady said feeding a family on something like $200k a year was near the poverty line (as in raising taxes on them would cripple them) and then the very same lady said teachers were living a lavish life. These people are hard to reason with, obviously (I believe the easiest way to find those clips is on the Daily Show episode about the strikes in WI). Go figure she worked for Fox News.

Either way, as I have said in the past, reclaiming taxes that are avoided by the rich, and making them pay back taxes, plus letting the Bush tax cuts lapse would account for a great portion of this deficit. They'd rather cut funding to every good program we have because they are crazy, but whatever. Personally, I like having clean water, I like having highways, and I like having an education system.
 
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Actually I think you have it backwards here. The tax code is the opposite of pro business. These companies are obviously investing large amounts of money just to avoid taxes, that is not the way it should be. That is why all of these large companies are OFFSHORING their profits. They do not want to bring the profits to the US because then they will face one of the highest tax rates on corporate profits in the world.

They spend a large amount of money to void an even larger amount of tax, or in this case their effort actually results in a net positive tax income to the company, so it's actually revenue generating. They "offshore" the profits because it saves them money, even if we lower the tax rate to 0%, if it still pays to "offshore" the profit, they will still do it. The problem is the holes in the tax code, the rate is merely an excuse.
 
It's quite amazing, isn't it? While they attack teachers for making $50k and having good benefits, they'll graze over this like it didn't happen. It goes against what they have been indoctrinated with as they watch Fox News and listen to conservatives talk radio. Wouldn't you find it hard to believe as well if every day of your life you get it hammered home that liberals are all socialist idiots who want nothing more than to take your paycheck?


It really is quite stunning, that a poster, any poster in here can open a three paragraph rant with the basic message that conservatives do little more than trumpet talk radio, and FOXNews pundits, while at the same time making his argument as if it driveled off the lips of Cris Matthews. :lamo


I saw a clip when a lady said feeding a family on something like $200k a year was near the poverty line (as in raising taxes on them would cripple them) and then the very same lady said teachers were living a lavish life. These people are hard to reason with, obviously (I believe the easiest way to find those clips is on the Daily Show episode about the strikes in WI). Go figure she worked for Fox News.

Oh no, another person that gets their news from a quasi satirical faux news comedy show. I suppose this doesn't play into your hatred for FOX does it?

Media Matters, the George Soros-backed legion of liberal agit-prop shock troops based in the nation's capital, has declared war on Fox News, and in the process quite possibly stepped across the line of legality.

David Brock, MM's founder, was quoted Saturday by Politico promising that his organization is mounting "guerrila warfare and sabotage" against Fox News, which he said "is not a news organization. It is the de facto leader of the GOP, and it is long past time that it is treated as such by the media, elected officials and the public.”

Is Media Matters breaking the law in its 'war' on Fox News? | Mark Tapscott | Beltway Confidential | Washington Examiner

Yet instead of critical thinking, and you questioning anything that goes against what you find sophomorically funny on the Daily Show, and yet another talking point pap comment, you lap it up and accuse the other side of being sheep....You have learned Allensky well son.

Either way, as I have said in the past, reclaiming taxes that are avoided by the rich, and making them pay back taxes, plus letting the Bush tax cuts lapse would account for a great portion of this deficit. They'd rather cut funding to every good program we have because they are crazy, but whatever. Personally, I like having clean water, I like having highways, and I like having an education system.


"Reclaiming" Just who's money do you think you are talking about here?


j-mac
 
It really is quite stunning, that a poster, any poster in here can open a three paragraph rant with the basic message that conservatives do little more than trumpet talk radio, and FOXNews pundits, while at the same time making his argument as if it driveled off the lips of Cris Matthews. :lamo

I have literally never watched Hardball. I would never get any news from a 24-hour, TV news network. Sorry to burst your bubble. Also, almost every conservative I've ever argued with uses the same talking points that republicans on the Hill are discussing (which is then passed down to Fox News and conservative talk radio). The union-bashing is a great example of it. Three months ago if I asked a conservative what the greatest threat to America is, what answer do you think I would have gotten?

I think almost every one would have said health care. Now it's unions destroying business. I rarely argued with conservatives over unions until Fox News and conservative talk radio began discussing it. What percentage of conservatives do you think had ever concerned themselves with teachers in WI before all of this?

Oh no, another person that gets their news from a quasi satirical faux news comedy show. I suppose this doesn't play into your hatred for FOX does it?

I love the Daily Show. It's funny how much conservatives hate the show, considering all he really does is take clips of what they say and then play them back. My favorite episode is when he caught Fox News calling their partial owner a terrorist. It was classic. How you can support an organization that willingly called their owner a terrorist just so that they could support a partisan agenda is beyond me. You justify it, I can't.

Jon Stewart does a great job at pointing out how fake of a channel Fox News is. I am sorry that upsets you.

Yet instead of critical thinking, and you questioning anything that goes against what you find sophomorically funny on the Daily Show, and yet another talking point pap comment, you lap it up and accuse the other side of being sheep....You have learned Allensky well son.

Talk down to me if you must, if it makes you feel better. First of all, do your research on me before you attack me. I don't post Media Matters links. I have never even been to their website (except maybe in passing from a link posted here). I don't watch Fox News - how can anyone? - but I do listen to conservative talk radio all the time. It's amazing how bad it is, how it rarely has one fact thrown in with the thousands of partisan jibes, and how absolutely useless it is to listen to.

"Reclaiming" Just who's money do you think you are talking about here?


j-mac

Whose money was it when you lowered taxes for the rich? Why is raising taxes wealth redistribution and lowering it isn't? You realize how phony that is, right?

What I am trying to say is, j-mac, (or since I'm your son: father?), is don't phone it in when you debate with me. I know my stuff: I read real news, and I keep up to date with honest reports.

*Edit:

And did you really post some blog as evidence of wrong doing by Media Matters? You posted a source just like Media Matters to discredit them. That's awesome man. Way to go.
 
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I have no problems with targeted tax cuts that actually help our economy. What I am opposed to is continued across the board tax cuts for the wealthy whether they are creating jobs or not.

You just contradicted yourself.


That just increases the national debt for which you and I and the rest of the middle class are responsible for.

Government spending creates debt, not tax cuts.
 
You just contradicted yourself.

It would only seem that way to those who foolishly believe that all rich people that gets tax cuts have been creating jobs. We have 30 years of experience to demonstrate that is not so.


Government spending creates debt, not tax cuts.

The unfunded tax cuts increase our debt the same as any other spending, and it is not realistic that we can address our debt unless we address all unnecessary spending including the unfunded tax cuts to the rich.
 
It would only seem that way to those who foolishly believe that all rich people that gets tax cuts have been creating jobs. We have 30 years of experience to demonstrate that is not so.

You realize that when bog businesses get across the board tax cuts, those same tax cuts apply to small businesses, as well; and vice versa when taxes are raised?




The unfunded tax cuts increase our debt the same as any other spending, and it is not realistic that we can address our debt unless we address all unnecessary spending including the unfunded tax cuts to the rich.

In that case, we need to start making the people who never pay taxes kick in and anty up.
 
You realize that when bog businesses get across the board tax cuts, those same tax cuts apply to small businesses, as well; and vice versa when taxes are raised?

That is why Obama proposed extending tax cuts to small businesses and to discontinue the across the board tax cuts for those that are wealthy and are not creating jobs.





In that case, we need to start making the people who never pay taxes kick in and anty up.

I don't know anyone that works that doesn't pay taxes.
 
That is why Obama proposed extending tax cuts to small businesses and to discontinue the across the board tax cuts for those that are wealthy and are not creating jobs.

Care to post some links, because I haven't seen **** for a tax cut in my small business.







I don't know anyone that works that doesn't pay taxes.

You don't know anyone that doesn't qualify for the earned income credit?
 
Care to post some links, because I haven't seen **** for a tax cut in my small business.

The Budget | The White House



You don't know anyone that doesn't qualify for the earned income credit?

Oh you mean those that spend so much of their income on survival that to tax them more would put them on the welfare roles? What will that serve? If you want to tax the poor more, you are going to have to pay them more. Its not possible to get blood from a turnip.
 
no more moot than the class war

obama surrendered

Obama signs tax deal into law - CNN

You might see "the class war" as pejorative but I embrace it because it says exactly what is going on. It is a fiscal war between a "ruling class" with power and money, a "scraping by" class that is clinging to the crumbs left over, a "waged subsistence" class and an "underclass".

The "ruling class" holds the aces.
The "scraping class" holds on to what it has for dear life and doesn't want to rock the boat.
The "waged subsistence" class tries to collectivise to obtain power but is despised by both the "ruling" and "scraping" classes. By one for trying to usurp power and by the other for rocking the boat.
The "underclass" are maintained as a warning for the "scraping" and "waged subsistence" classes.

Too right it is class warfare!
 
You might see "the class war" as pejorative but I embrace it because it says exactly what is going on.

why would you presume that folks care what you do or don't embrace

the ruling class, presumably, includes president obama

he CAVED

mature americans care about that

party on, pugilist
 
I have literally never watched Hardball. I would never get any news from a 24-hour, TV news network. Sorry to burst your bubble.

I never said you did, however you make arguments that are typical of many hard core liberals I encounter that do. So, 'burst my bubble'? Nah, I don't think that it is some great rhetorical achievement to call out a lib on their views, wrong as they are most often, I just see it as maybe a service that you have at least one voice that may get something through so that when you finally wake up, you'll be able to say yeah, that was right.

Also, almost every conservative I've ever argued with uses the same talking points that republicans on the Hill are discussing (which is then passed down to Fox News and conservative talk radio). The union-bashing is a great example of it. Three months ago if I asked a conservative what the greatest threat to America is, what answer do you think I would have gotten?

Oh, I don't know all conservatives so I really couldn't say for certain, but I can tell you what I would have told you....Debt, Spending, Islam, and Obama, not necessarily in that order.

I love the Daily Show. It's funny how much conservatives hate the show, considering all he really does is take clips of what they say and then play them back.

Don't get me wrong, I too watch it and think that Stewart is funny for what he is, but I surely don't take it as news. See what Stewart does is he mocks certain aspects of people, and or DC politics, chops up bit pieces out of context of the people he attacks, and then presents it as though it is complete to make a point, often a liberal point, but a disingenuous one in any case. It is funny sure, just not too accurate.

My favorite episode is when he caught Fox News calling their partial owner a terrorist. It was classic. How you can support an organization that willingly called their owner a terrorist just so that they could support a partisan agenda is beyond me. You justify it, I can't.

First of all that was debated right here on DP in a thread, you should go back find it and read it. Second, you think that TDS depiction of FOXNews on that matter was complete, and accurate?

Jon Stewart does a great job at pointing out how fake of a channel Fox News is. I am sorry that upsets you.

No, he does a great job of employing a staff of liberal content writers, and clip editors that manipulate the stories of the day to make them funny and make a liberal point, you lap it up as though it is complete, and comprehensive news...That say a whole lot more about you pal.

Talk down to me if you must, if it makes you feel better. First of all, do your research on me before you attack me. I don't post Media Matters links. I have never even been to their website (except maybe in passing from a link posted here). I don't watch Fox News - how can anyone? - but I do listen to conservative talk radio all the time. It's amazing how bad it is, how it rarely has one fact thrown in with the thousands of partisan jibes, and how absolutely useless it is to listen to.

So you are telling me that your news sources are TDS, and Conservative talk radio? :lamo Yeah, sell me another one....I find that unbelievable.

Whose money was it when you lowered taxes for the rich? Why is raising taxes wealth redistribution and lowering it isn't? You realize how phony that is, right?

Phony? no, correct yes. See, when you lower the tax rate, and I mean actually lower it, not just give Tax credits that are designed to control the populations behavior, that lets people keep the money they have earned.

Do you believe that people earn money, or that the government just lets them keep some of its money?

What I am trying to say is, j-mac, (or since I'm your son: father?), is don't phone it in when you debate with me. I know my stuff: I read real news, and I keep up to date with honest reports.

What are those sources for real? I've laid mine out from time to time in here, what are yours truthfully?

And did you really post some blog as evidence of wrong doing by Media Matters? You posted a source just like Media Matters to discredit them. That's awesome man. Way to go.

Actually it was an opinion piece talking about an article in Politico, exposing MM for the juvenile, and possibly illegal crap they are pulling....Tell me, if People like Beck, Hannity, Limbaugh (who's not on FNS), or Bill O were so laughably wrong about what is going on today, then why the Sabotage effort by Soros and MM? Why not just point out where they are wrong, laugh at them and move on? Nah, they are hitting too close, and it bug liberals to be exposed in such a way, and that FNS has the news viewership locked up by in many cases more than double their nearest competitor on the networks, or cable outlets, and that makes me chuckle when I hear the vitriolic attacks that Bourgeois Socialist such as yourself, new in life, fresh from academia with a head full of what your quasi socialist profs told you to think, and say without having the benefit of life experience, or knowing the ramifications of the thought which you espouse. Marx has a term for them, 'useful idiots'... And I don't say that to be insulting, but it is what it is.

See, you seem to think that you are open minded, and fair when it comes to debate, but in the end really you are really no different than the insulting, frothing ideologue who resorts to mockery, and name calling when you run out of boiler plate retort. That doesn't make you anything other than young. I'll leave it there for now and just close by saying you shouldn't be so quick to dismiss, and mock just because everyone else with your line of thought does so.


j-mac
 
It would only seem that way to those who foolishly believe that all rich people that gets tax cuts have been creating jobs. We have 30 years of experience to demonstrate that is not so.




The unfunded tax cuts increase our debt the same as any other spending, and it is not realistic that we can address our debt unless we address all unnecessary spending including the unfunded tax cuts to the rich.

Umm.. May I ask what an "unfunded tax cut", is?


Tim-
 
i think it's the opposite of a funded tax cut
 
don't forget CHARLIE
 
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