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Record 20% of Households on Food Stamps in 2013

DaveFagan said:
We have troops and bases in 134 Countries. That'd be overseas. Defense, my ass. Hegemony and Corporate welfare.
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Maybe you'd rather China had those bases, and the level of influence that comes with that.
 
HenryChinaski said:
I'd rather have my tax dollars go into the mouth of some individual who might be hungry any day instead of bailing out some ****head low-life Wallstreet big-wig.
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Too bad you didn't feel that way about GM and the housing bail outs
 
scatt said:
Does it say they had a negative tax bill? Paying less is not the government giving you money.
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It is if you believe what money represents belongs to the government. The key is that money represents the value (of property) created by a person's investment time, skill, innovation, materials and/or risk.
 
scatt said:
Does it say they had a negative tax bill? Paying less is not the government giving you money.
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The Tax breaks that companies are using to boost executive compensation and decrease corporate tax liabilities, among these are full deductibility for “performance pay” and lower taxes for so-called “carried interest,” tax breaks that are costing the U.S. Treasury billions in much-needed revenue. The Economic Policy Institute has estimated that a total of $121.5 billion in executive compensation was deductible from corporate earnings between 2007 and 2010, with 55 percent comprised of performance-based compensation.
 
HenryChinaski said:
The Tax breaks that companies are using to boost executive compensation and decrease corporate tax liabilities, among these are full deductibility for “performance pay” and lower taxes for so-called “carried interest,” tax breaks that are costing the U.S. Treasury billions in much-needed revenue. The Economic Policy Institute has estimated that a total of $121.5 billion in executive compensation was deductible from corporate earnings between 2007 and 2010, with 55 percent comprised of performance-based compensation.
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I believe it, yet this is not the government giving a company money.
 
HenryChinaski said:
Oh really? Why because it's not handed to them on a LINK card?
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Because taxing less is not giving money. Especially money they have no legal claim to.
 
scatt said:
Because taxing less is not giving money. Especially money they have no legal claim to.
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Oh bull. The federal government continues to subsidize some of the biggest companies in America. Boeing, Xerox, IBM, Motorola, Dow Chemical, and GE. They all receive millions in taxpayer-funded benefits. Not to mention that the federal crop subsidy programs continue to fund the wealthiest farmers.
 
HenryChinaski said:
Oh really? Why because it's not handed to them on a LINK card?
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again you need to know your definition of terms.

a subsidy is the government giving someone money.

a tax credit or a tax deduction is letting you keep more of what you earn. that is not a subsidy.

companies qualify for different tax credit and tax deductions. that is not the US government giving them money. keeping more of what you earn is not a government hand out.

the GM bail out or solendra would be considered government subsidies.
 
HenryChinaski said:
Oh bull. The federal government continues to subsidize some of the biggest companies in America. Boeing, Xerox, IBM, Motorola, Dow Chemical, and GE. They all receive millions in taxpayer-funded benefits. Not to mention that the federal crop subsidy programs continue to fund the wealthiest farmers.
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you are confusing subsidy and tax credit/deduction.

I agree the farm bill is BS bill. we pay farmers not to produce crops. yet we complain that people go hungry. logically stupid if you ask me.
 
ludin said:
again you need to know your definition of terms.

a subsidy is the government giving someone money.

a tax credit or a tax deduction is letting you keep more of what you earn. that is not a subsidy.

companies qualify for different tax credit and tax deductions. that is not the US government giving them money. keeping more of what you earn is not a government hand out.

the GM bail out or solendra would be considered government subsidies.
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You say potato, I say Pototo. Taxpayers have been subsidizing CEO pay for fast food companies and other firms due to a loophole that allows unlimited corporate tax write-offs on performance-based compensation for top executives. It's a performance pay loop-hole which started in 1993 when Congress limited the deductibility of certain executive pay to $1 million. But this law provided an exception for performance-based pay, such as stock options, non-equity incentive plans and stock appreciation rights, as part of Section 162(m) of the Internal Revenue Code. Currently, unlimited amounts can be deducted from corporations’ federal income taxes for costs associated with performance-based executive pay. Due to the law, companies have shifted more executive compensation packages to meet the performance-based exception as a way to pay less federal taxes. This practice essentially leaves ordinary taxpayers on the hook for the l that lost tax revenue. It's a rigged shell game in their favor. McDonald's shifts the most public assistance costs for its employees onto U.S. taxpayers to the tune of $1.2 billion every year. They're taking taxpayer money to prop up this ridiculous business model that is based on exploiting the rest of us taxpayers.
 
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Some people only have a problem with welfare when it's given to poor people.
 
HenryChinaski said:
Oh bull. The federal government continues to subsidize some of the biggest companies in America. Boeing, Xerox, IBM, Motorola, Dow Chemical, and GE. They all receive millions in taxpayer-funded benefits. Not to mention that the federal crop subsidy programs continue to fund the wealthiest farmers.
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Get rid of deductions.
 
CalGun said:
Our cool aid your denial - at least our cool aid is a hole lot cheaper then your theft and redistribution
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Right, because the piddley amount that goes towards feeding the hungry is really hitting your wallet big time. You're suffering...Feeding the hungry = bad. Taking taxpayer money and filtering it up the food chain to Corporate CEO's through a rigged shell game = good.
 
scatt said:
A trillion is a lot.
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A trillion what? SNAP benefits costs $76.4 billion in Fiscal Year 2013 and supplied roughly 47.6 million Americans with an average of $133.08 per month. That's a drop in the bucket.
 
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