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Hawke[_3_] Hawke[_3_] is offline
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Default GE Paid No Taxes on $14 Billion in Profits

On 11/19/2011 5:08 PM, John B. wrote:
On Sat, 19 Nov 2011 11:17:48 -0800, Hawke
wrote:

On 11/18/2011 4:22 PM, Benny Fishhole wrote:
On Fri, 18 Nov 2011 11:12:01 -0800, Hawke
wrote:

On 11/17/2011 8:30 PM, Benny Fishhole wrote:
On Thu, 17 Nov 2011 23:13:37 -0500,
wrote:

http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paid-no-taxes-14-billion-profits_609137.html

General Electric, one of the largest corporations in America, filed a
whopping 57,000-page federal tax return earlier this year but didn't
pay taxes on $14 billion in profits. The return, which was filed
electronically, would have been 19 feet high if printed out and
stacked.

...

You wouldn't have to pay taxes either if you sucked Obama's dick,
instead of Gunner's.

sigh, another rcm troll



Yeah, look who's talking, and what's wrong with GE not paying any taxes?
It's the little people like you that should be paying them not our
corporations. They need lower taxes. Don't you remember your republican
talking points? Business needs a tax cut because they pay too much, just
like GE does.

By lowering their taxes we have to raise it on you and all the other
stupid low earners. You just don't get it. The rich aren't supposed to
pay taxes; it's the ordinary people who are supposed to foot the bills
for the country. You're supposed to just be happy that there are people
who have tons of money. They earned it so they should keep it. You and
people of your class should pay the country's bills, not them. I don't
get why you can't keep the republican agenda straight. It never changes.

Hawke



Go suck your strawman's dick, Hack. I made no comments about G.E. one
way or the other. I was simply telling Douchebag how he can avoid
paying his taxes.




You don't really need to. But your duty as a right winger is to defend
anything that corporations do not matter how wrong or unfair they are.
In the case of taxes, GE makes billions and kicks in nothing to the
country. You aren't so lucky. Most would say that's completely unfair
for a working person like you to pay a big chunk of what you earn but
giant corporations to pay nothing. But you have to support and defend
the corporations so not matter what they do you support them. Now, that
makes no sense to me. You are happy to have your taxes higher so
companies like GE can get off not paying anything. Seems crazy to me but
you like it that way.

Hawke


It is not a matter of as you like it.

From what I read in the mentioned article it doesn't appear that they
are doing anything that hasn't been perfectly legal for years; even
before the Republicans took over the world. Profits earned by an
overseas corporation that has tax paid on it at source is not taxable
in the U.S. Been that way for years and years. The fact that one has
an agreement of some nature with that foreign entity does not
automatically infer taxes owed.

The U.S. government (to my personal knowledge) has, for years been
subsidizing goods and services and/or making other financial
incentives for people to do this or that.

The fact that advantage is taken of U.S. tax law does not
automatically infer sin.

But of course, it is a knee-jerk reaction. You see someone/something
with more money then you and automatically that old devil jealousy
rears its ugly head.

I might add that you have stated that you are financially independent
and able to live as you like on your investments, just as the sinners
in the top 1% of the nation do. In fact, from what I read
approximately 50% of the top 1% can be described exactly as you
describe yourself - collage trained, invested income, now financially
independent. What does that say? "don't do as I do; do as I say"?



I'm using GE as a metaphor for what is wrong with the country. I
understand fully why GE has not paid any taxes. According to the tax
laws they don't owe any. But I'm just using GE as a symbol of what's
wrong. Namely, you have entities and individuals making huge incomes and
are not paying anything into the treasury while at the same time people
working for eight or ten dollars an hour are paying up to a third of
what they make in taxes. That situation is wrong and needs to be
changed. All that is required to ameliorate that is for the tax laws to
be changed.

Corporations used to pay nearly 30% of all tax revenues and now they pay
less than 7%. Someone has to make that up and it's the middle and lower
classes who have had to do it. That needs to be changed. Those with the
ability to pay are those who should pay.

As for myself, yes it's true that I do not have to be employed to live.
I would prefer to but in this economy the jobs just aren't there that I
would be doing if the economy was doing well. So for now I am living on
what comes in from investments. That's what I was shooting for all along
but unfortunately due to the recession and market drop in value I'm not
taking in anything near what the 1% are. It's enough to live on but not
enough to live like a king, that's for sure. So as usual nothing is as
one would like it to be.

Hawke