Read This....Then get very "ANGRY"

[samplegirl]

ExxonMobil paid no federal income tax in 2009.
Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.” Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS:

Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.

Mother Jones’ Adam Weinstein notes that, despite benefiting from corporate welfare in the U.S., Exxon complains about paying high taxes, claiming that it threatens energy innovation research. Pat Garofalo at the Wonk Room notes that big corporations’ tax shelter practices similar to Exxon’s shift a $100 billion annual tax burden onto U.S. taxpayers. In fact, in 2008, the Government Accountability Office found that “two out of every three United States corporations paid no federal income taxes from 1998 through 2005.”
http://thinkprogress.org/2010/04/06/exxon-tax/

[ensho]

1. kick

nt

[happygoluckytoyou]

62. IN A RELATED STORY teachers in the usa are concerned with larger classes and less funding

[abelenkpe]

64. And libertarians are concerned teachers make too much money

cause you know, it's the teachers wrecking this great country and not the corporations they adore.

:sarcasm:

[laughingliberal]

2. Freeloading vultures.

When we talk 'welfare queens' these are the people we should be talking about. How is it we would deny the poor enough to eat or housing and let these assholes get away with this? Any question that the gas prices of the summer of '08 made the crisis worse? Any question the rising prices now are going to choke off the fragile signs of recovery we see now?

And they complain about their taxes! I'm really not enjoying life in the American Empire.

[The Wielding Truth]

45. They make there profits here, use our infrastructure,pollute here,yet

pay no taxes here. I see a big problem with that!

[laughingliberal]

51. +1000 nt

[liberation]

65. They also use our armed forces and our kids' lives to conquer and secure their oil fields

and guarantee their distribution lines.

In fact, most of our military expenditure has nothing to do with national security (as in the physical well being of our citizens), it is mostly to finance our projection of force to guarantee the energy and raw material resources these parasitic corporations need.

I find it amazing, most Americans didn't see anything wrong with spending almost 60% of our tax payer money on a military which had almost not a single plane on the air or on the ready while the 9/11 hijackings were taking place. But there was a SEAL team on the ready literally within hours when Somali pirates took over that tanker.

[truedelphi]

119. Good points all. n/t

[mod mom]

122. they have to save that money to pay off politicians & pay for lobbyists.

:mad:

[Enthusiast]

59. I'm with you.

If they can choke off signs of recovery they can successfully elect more Republicans favorable to their corporate agenda.

[Political Bitch]

109. There is no 'life' in the American Empire.

There is only servitude to our corporate owners, and death at the end. I don't call that 'life' in any sense of the word.

:hide:

[snappyturtle]

3. And we worry about how to fund the healthcare system.

Two topics this morning would give us a huge boost in funded healthcare like the Reps and Senators have: get out of Afghanistan and collect taxes due from these tax cheaters.

[Enthusiast]

60. That would be an idea I could embrace.

Unfortunately the PTB............................

[livingonearth]

99. The tea baggers should be complaining about this;

instead they let themselves be used to make things worse.

[polmaven]

76. Or how to fund

an extension of unemployment benefits!

[Xenotime]

132. I'm tired of these fuckers.

[defendandprotect]

97. Yes -- and we really need a SUPERFUND for the homeless and unemployed ...!!! Tax these corps!!

[kentuck]

4. And they wonder why we have a deficit??

These folks are not paying into our system. They are only taking out.

[samplegirl]

10. When does this stop?

[kentuck]

16. When the Democrats....

get a spine and tell the people that some corporations are not paying their fair share of taxes and that there is no free lunch. Somebody has to pay. Who do you want it to be?

Unfortunately, many in the Democratic Party are beholden to these corporate interests. A good first step is to defeat corporate Democrats like Blanche Lincoln, just to get their attention, and then demand they act like the Party of the People.

[liberation]

66. By many, you mean "the majority"

I think that we also, at a very basic level, need to stop living in denial. The Dems just like the GOP are beholden to corporate interests, sure there are some exceptions here and there. But I think that continuing using the exception to excuse the common case is also part of the problem. And that responsibility resides within us....

[Subdivisions]

5. Maybe BoA and Wells Fargo too...

http://www.charlotteobserver.com/2010/03/26/1337021/billions-in-tax-benefits-for-banks.html

This tax season will be kind to Bank of America and Wells Fargo: It appears that neither bank will have to pay federal income taxes for 2009.

Bank of America probably won't pay federal taxes because it lost money in the U.S. for the year. Wells Fargo was profitable, but can write down its tax bill because of losses at Wachovia, which it rescued from a near collapse.

The idea of the country's No. 1 and No. 4 banks not paying federal income taxes may be anathema to millions of Americans who are grumbling as they fill out their own tax forms this month. But tax experts say the banks' situation is hardly unique.

"Oh, yeah, this happens all the time," said Robert Willens, an expert on tax accounting who runs a New York firm with the same name. "Especially now, with companies suffering such severe losses."

...snip...

Read more: http://www.charlotteobserver.com/2010/03/26/1337021/billions-in-tax-benefits-for-banks.html#ixzz0kKmCx9l6

[Echo In Light]

6. k/r

[Raineyb]

7. Son of a bitch! I was on unemployment for 2009 and I still had to pay taxes!

This is some bullshit.

[Dappleganger]

17. You're just a little guy so you don't matter!

Only big corporations are allowed to have life, liberty and the pursuit of happiness!

[Solomon]

47. Damn. What an apt statement.

Mind if I borrow it? Damn good that is.

[Dappleganger]

48. Sure...

we were just at the Constitution Center in Philly last week, so am a bit riled up over this.

[bergie321]

42. Get better lobbyists

duh....

[Enthusiast]

61. "This is some bullshit."

It sure to hell is!

[underpants]

8. Milton Friedman economics

the tax burden is shifted on to the middle class so they are less able to move, move jobs, and retire.

[wolfgangmo]

82. I am normally a level headed guy but just mention that bastards name and I ...

just want to smash something into a wall. Friedman is the only name that can do that to me. His theories have caused more human suffering in the past 30 years than anyone I can think of who hasn't attempted genocide. And given that most of those who attempted genocide were following the Friedman shock doctrine playbook, he could be linked to those deaths too.

I hope he is roasting slowly in hell on the same spit that they are BBQing Reagan on.



...



I need to go sit and hyperventalate. Snort.

[HughBeaumont]

9. Sigh.

http://extremeinequality.org/

http://extremeinequality.org/?page_id=10

[Javaman]

11. ...

:spray: :rofl:

I choose to laugh. The alternative is way to depressing.

[Blue_Tires]

12. that's been going on for awhile...

don't expect anyone in the media to pick up on it, though...

[HughMoran]

13. Mother______ scum sucking pigs

There are times when I think the 'people' should forcefully take what's theirs - this is one of those times.

[samplegirl]

15. I do to!

[foundingmother]

14. That's UnAmerican

How much of our economy is going to be governed by oil?

[eShirl]

18. “two out of every three United States corporations paid no federal income taxes from 1998 through 20

05."

just wanted to repeat that for emphasis

[KansDem]

26. Makes me wonder about the one out of three that did...

Wonder what they did "wrong." Wonder if the CEO still has a job...

[DavidDvorkin]

19. But not really angry?

[BlueIris]

20. What a shock.

:sarcasm:

[Hello_Kitty]

21. Fuckers. eom

[newtothegame]

22. That's right, I tell you to get outraged, YOU GET OUTRAGED!!! NOW!!!

Isn't this faux outrage the same shit we've spent years railing AGAINST? :shrug:

[samplegirl]

23. This is one of those things where you just gotta

say why? Why is something not being done!!!

[whattheidonot]

29. the people

the people have got to do it. they have to vote the right people out of office for starters. When the middle and upper middle class have been hit hard enough the system will fall apart. with our economic problems and our foreign policy adding to the economic problems we may not be far off from the crumble. big serious change is needed. it will happen after the fact. this time the people will begin the change. too few are gaining from what is going on now. watered now health care was a drop in the bucket like the rest too little to late. strong stable nations do not allow such corporate power to go unheeded.
While China buys into countries we are spending on the military and dividing and pissing people off in many countries?

[Kltpzyxm]

84. Exactly

We have the power. NO MORE DLC!!

[BlancheSplanchnik]

24. well, this should certainly go to PO's Urgent file.

KnR, because this is something NO ONE should miss.

Hooray for Forbes, publishing this!

[FailureToCommunicate]

If EXXON "paid $15 Billion in taxes" -but NOT to the U.S.- who DID they pay it to?

[wolfgangmo]

83. The same folks who will give them the biggest kickback...

I imagine that list changes on a regular basis.

[Dystopian]

25. KandR

peace~

[Obamanaut]

27. How many of the career congresspeople (house and senate)

are in office now who voted for some of these various laws that allow this?

But we keep reelecting them because they bring 'earmarks' to their home districts.

These 'representatives of the people' are bought and paid for by the companies we love to hate, they make tidy profits for themselves while 'representing' us, we reelect them for a multitude of terms, and then we don't seem to understand how these companies are screwing us.

Another election is coming up, and if history repeats itself, more than 90% of the incumbents who seek reelection will be successful - we vote for the name we know, and they know it so they don't really care.

[Initech]

28. Urge to kill rising!

[paparush]

30. I'm sure we'll see MASSIVE Tea Party Demonstrations in response to this news.

I'm sure Sarah Falin will be out front on pointing out the terrible injustice.
:sarcasm:

I'm sure this will all be blamed on President Obama (no sarcasm).

[florida08]

53. LOL

thanks was kinda angry till I got to your post..

[unpossibles]

31. of course

I sent this to a friend who was recently bemoaning how our corporate tax rate here in America is higher than it should be. I've yet to understand how these corporations have somehow convinced Joe & Jane Mainstreet to fight for the corporations' right to not pay taxes, shifting a huge part of the burden onto those who not only help carry water for them, but who probably cannot afford it.

[CrispyQ]

33. "Because they provide us jobs!"

That's what one acquaintance told me. Two years later her job was outsourced to India. Wonder if she feels the same now?

In response to the OP: :grr: :grr: :grr:

[defendandprotect]

96. So does the Mafia . . . !!

[WillyT]

32. HUGE K & R !!!

:kick:

:mad:

[Greyhound]

34. wow... i'm shocked... stunned...

no, really...

If we do not kill these "Krackens", they will kill us.
:kick: & R

[RUMMYisFROSTED]

35. The majority of Corps. pay no taxes.

It's an old thing.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

The larger the less.

[RUMMYisFROSTED]

36. *ring*

The Clue Phone™ is ringing!


:think:

[grahamhgreen]

37. And if you think OFFSHORE OIL will be used to help Americans, guess again.

[RUMMYisFROSTED]

38. Well, a couple(literally 2) of them.

Let's be honest.

[waronbanks]

39. This is no longer a democracy.

The corporations run this nation. They got our government in their pockets and they aint gonna let anything...ANYTHING...get in the way of their agenda. And our government from top to bottom is more than happy to lick the boots of the corporates. Thats why this is happening and will not stop anytime soon. Only a full fledge popular revolt will have a chance of bringing this BS to a halt.

[upi402]

40. "limit the tax pain"

Mother Jones’ Adam Weinstein
:patriot:


2/3 of corporations paid no tax... Tells me that the foxes run the chicken coup in both parties - nothing has changed, or even hinted at change. Same with elections and campaign funding.

[Greyhound]

41. GE not only didn't pay taxes on $10B, it got $1.1B back.

Angry?

yes. But until we are angry enough to get out in the streets, and more importantly, shut it down, nothing is going to get better for us.

[hfojvt]

43. I am not sure that anger is really necessary

What's $100 billion among friends?

[JDPriestly]

44. Reductions in the capital gains taxes were justified on the ground

that, since corporations already pay high tax rates, taxing capital gains would be double-taxation.

Now we know that is false. So we should start taxing capital gains income at regular income rates.

At this time, money earned from corporate investment is not being taxed at all. That is not right. That is why our government is in the red.

[jbeing]

46. If corporations have the rights of people

shouldn't they have the responsibility that we all have - to pay taxes?

I wonder how teabaggers would respond to knowing that Exxon paid less tax than each and every one of them.

[1776Forever]

49. Exactly my very thoughts! Teabaggers are the brunt of the Richie's jokes I am sure!

What I find funny are people like my sister and her husband who "think" they are "rich"! Ha!! They are just the people who keep the really rich from having to pay taxes because they keep putting their lobbiest in power! They found out a little about that when they couldn't sell their $400,000 home for the last 3 years!

:headbang:

[jbeing]

54. I really think that people have been

in RW shit so long that they they don't even smell it anymore.

But later, they get mad when you tell them that something stinks - and it may be them.

They've been led around by the nose so long that....(you fill in the blank)

[flyarm]

72. forget the teabaggers..what have democrats done about it???????? crickets! eom

[Liberal_in_LA]

50. wow.. kick

[jbeing]

52. What does KnR mean

and how can I do that?

I'm fairly new at this.

[florida08]

55. Kick and recommend

You kick it up by posting any kind of comment and the recommend tab is at the top right under the article


Well that blows.. and they say that the wealthiest pay the most tax..?

[Elwood P Dowd]

56. Kicked and recommended.

:kick:

[Liberal_in_LA]

94. by posting your question your 'Kicked' the thread back to the top of the list

[classof56]

57. Okay I'm damned angry! K & R with clenched teeth.

I just want to hit something. Guess I'll head for the gym and try to bike this off.

A pox on these bloodsuckers!!

Tired Old Cynic

[jbeing]

58. What can we do about this?

Write a representative?
Write the company?
Demonstrate?
I feel like no matter what we do, nothing will get done.

Any suggestions?

[PJPhreak]

69. Yea,Tho it is almost Impossable...

For most people,We simpily need to stop buying their products.

I know,I know,For most of us (Including Myself) Not buying Gasoline,Heating oil,LNG or Propane or things like motor Oil is just not possable...80% of americans believe that we "Need" our Cars,That we "Have" to live in a house that is WAAAAAAY too large for the number of people that reside there,and that we must have "Everything" that the good 'ole "American Capitolistic Democracy" allows us to purchase.

The Only way to fix this is a MAJOR shift in thinking about the way we consume our natural resources...In other words its time that we as a country go on a "Consumption Diet" BIG TIME!!!

Hit 'em where it hurts...in the pocket!

Simply put,They can't bitch about payin Taxes if they ain't makin money!

[DeSwiss]

63. K&R

Taxes, schmaxes!!! I eat taxes for lunch!

[wolfgangmo]

87. I gotta wonder if this putz is part of the "family?"

Those neocon christo-fascists from C street who think that anything the rich and powerful do is moral by definition including rape and murder? It sure looks like it to me.

[fascisthunter]

67. yet the ignorant teabagging morons are protesting shit that doesn't exist

the Republicans have alot to pay for.... yo right wing lurkers... it's all coming back to bite ya...

[flyarm]

73. and where are democrats about this..you and me..why aren't we as much as a nuisance as tea baggers?

at least they get out and protest..we sit and write emails to legislators..but do we get in the streets..and i include me..but i have done alot of protesting,.but stop shifting blame..we should be in the streets ..with as much gusto..about offshore drilling..of this non taxing of corps..of what is being done to us by NSA and the FISA immunities, and the re-authorizing of the Patriot act..of Killing innocents in Iraq and Afganistan..of these wars continuing..of Gitmo still open ..of Habeas Corpus still not re-instated..there is lots we should be protesting..but don't worry we will all sit on our computers and bitch about the tea baggers who have gotten off their asses and protest what they don't believe in..in fact we will malign them and still do nothing ourselves!

My god..our nation had special opps kill women in Afganistan..one a teenage girl... and then dig the bullets out of their dead bodies to cover up their crimes..where are the damn protests????????? And then we are fed a bunch of bullshit by Obama that we have to stay in Afganistan to protect women and children..enogh already on Tea baggers..where the fuck are we protesting?????????

Do we stand for anything..really?????? how many phone calls and emails do we have to write to congress and the White House to stop these crimes and these fucking wars???????????
How many posts to bitch about the tea baggers before we collectively start our own protests and protest the real shit going on??????? How many have to be out of work and how many businesses have to close their doors before we do some demanding in the streets for what we believe in???????? or don't believe in.

At least the tea baggers are off their asses demanding what they deem wrong..I can't say that for democrats..me included.

[bjobotts]

102. WE don't have the MSM magaphone which is owned by 6 corporations

[bjobotts]

103. This should be playing big time on all the major networks. Congress should be up in arms.

[bjobotts]

104. We are losing out on our last chance to change this condition without conflict.

[bjobotts]

105. What...no teabagger responses? Where's all the HCR outrage for this rip off.

[jbeing]

121. Have you seen most of the Teabaggers?

Do they look like a group that could sustain a trip to the shopping mall, let alone a political movement. Many of these people don't have the will or the physical ability to walk up stairs. For them this political movement is using the escalator. It gets them where they need to get without much effort.

Some have guns. Most have Cinnabons.

[juajen]

120. Because we are tired; tired of trying and not succeeding; tired of

being screwed by our elected officials who are beyond corruption; tired of being full of hope, only to have that hope dashed; tired of working too many hours with too little pay; tired of never having enough though we work all the time; tired of writing letters and attending protests that get us nowhere; JUST PLAIN TIRED.

[underseasurveyor]

68. Sounds like it would make a good bumper sticker

ExxonMobil Paid NO Federal Income Tax 2009
Record Profit = 45.2 Billion Dollars
Screw You U.S. Taxpayers

[Blue Owl]

70. heh heh heh

Somewhere GWB is laughing along with his good-buddy oil barons...

[samplegirl]

114. So truthfully sickening!

[Political Heretic]

71. Don't get angry if you also refuse to question the policy of this administration.

You can't on one hand blindly support pro-corporate policy and trickle-down economics espoused by this administration, in keeping with the basic foundational approach of the Bush, Clinton, Bush and Reagan administrations - and then on the other hand feign "outrage" about corporate behavior.

Oh wait, this is DU - of course you can do that.

[blindpig]

74. tisk, tisk...

Come on PH, yer just gonna confuse people.

George Orwell would be proud..

Four legs good, two legs bad!
Four legs good, two legs bad!
Four legs good, two legs better!

and never miss a beat.

[tbyg52]

75. +7

:applause:

[flyarm]

77. +10,000! eom

[Fire1]

90. Wanna bet? Of course I can b/c I've long since come to the

realization that "administrations" don't run this country.

[npk]

78. Not the entire story.

Forbes has updated its article to include a statement from Exxon: "Though Exxon's financial statement's don't show any net income tax liability owed to Uncle Sam, a company spokesman insists that once its final tax bill is figured, Exxon will owe a 'substantial 2009 tax liability.' How substantial? 'That's not something we're required to disclose, nor do we.'"

Maybe we can dial the hatred down a notch until the entire picture is clear.

[proud2BlibKansan]

79. God damnit

[sulphurdunn]

80. Since forever

the conservative mantra has been: "Corporations don't pay taxes people pay taxes." It's a statement akin to the "guns don't kill people...thing." At the same time Uncle Sam and the states have been failing to collect corporate taxes, they've also reduced the top personal income tax rates by two-thirds and taxes on unearned income to less than half of that. Over the same period, while wages and salaries have been flat or have barely kept up with inflation for 90% of the population, wages for the top income tier have increase by approximately 1400% until the top 5% of income earners are worth more than the bottom 95%. And now (a drum roll would be appropriate) we use our taxes to guarantee risk free wealth to that same income tier. Are we a bunch of suckers or what? Can you really blame the uber rich for fucking over sheep who are so willing to bend over and bleat?
:rofl:

[fry cook from venus]

81. All I had to do...

...was read the first line. And I was pissed.

[grahamhgreen]

85. That's why Obama wants to give them our oil!

[B Calm]

86. Predatory Capitalism!

[mistertrickster]

88. In 2003 Bush invaded Iraq. In 2005, Exxon recorded historic high profits. nt

[Fire1]

89. I cannot possibly get more angry than I was yesterday! This

shit is INSULTING and DEGRADING!!!:mad:

[Tanelorn]

91. In Australia we have the same issues although it is often difficult

to find out what the big corporations owe. Last night I saw a
teaser for an evening current affairs show which promised to
expose welfare cheats. The show had videos of people doing
manual labour, home reno etc. while claiming welfare. They
were apparently 'ripping off' the tax payer to the tune of
hundreds of thousands of dollars. The show did admit that they
were being caught and the time codes of the videos were
usually dated five years ago. Yes, I got mad last night
knowing that this money was small change compared to the
corporations ripoffs. Then you post this notice. 

Thanks, now at least I have some actual fuel for my anger.

[lunasun]

92. Hope them freedom lovin' teabaggers read this great

report and run with the info in their future protest rallies !!! I know they are all about tax inequality!
:rofl:

[samplegirl]

115. Shill baby Shill!

I'm so sick of these people!

[midnight]

93. K&R

[defendandprotect]

95. NATIONALIZE the oil industry . . .

Additionally, ExxonMobil has worked over 50 years with a hugely financed propaganda

campaign to make Americans really dumb and disbelieving re Global Warming!

[Yurovsky]

98. Long overdue...

they're reaping the US (& much of the rest of the world) of natural resources that they have no real rights to. Let the govt take it, replace the current profit margin with taxes/fees to level out the price to roughly current levels or slightly higher, and spend the proceeds on green alternative energy sources.

[defendandprotect]

137. 1960 Dem Platform JFK ran on called for nationalizing oil industry . . .

FDR had some will to do it -- but he asked LBJ and he talked him out of it ... ??!!

Agree with you --

[colsohlibgal]

100. The Democrats Could Change This Paradigm In A Heartbeat

Obama and Congress could put an end to this and a whole host of things like this but because enough of them are bought and paid for and because too many are spineless don't hold your breath.

The middle class and below are getting the shaft every day of their lives and until we the people rise up and say enough is enough not much will change.

[eecumings]

101. Should

you need to move your business (and your money) off-shore to avoid US taxes, Marvin Bush can probably help you get the job done. Yes, he is the war criminal's brother.

[Ardent15]

106. The vultures who thirst for blood and OIL.

Any guesses as to where that line is from?

[lafayettelonewolf]

116. Re: The vultures who thirst for blood and OIL.

That would be from the song "Guerilla Radio" by one of my favorite artists Rage Against The Machine!

[lonestarnot]

107. Fucking A.

Didn't have to read past the first sentence! :mad:

[lonestarnot]

108. I find it a crying fucking shame and I do mean crying fucking shame that

Uncle Sam's IRS would hunt me down to the end of the earth to collect $50 bucks and yet allow this shit to take place. Next stop financial reform!

[russ1943]

110. AMT used to hit Corps. pretty hard too.

It's been a few years since I first saw a "headline" like this pointing out that most corps were paying few if any taxes.
Remember the Federal alternative minimum tax?

Ever since the minimum tax was passed,(an alternative minimum tax was first introduced in the 1969 Tax Reform Act) big corporations, including oil, steel and chemical manufacturers, have been pushing hard to eliminate or at least weaken it. Those companies which joined together in a powerful coalition gave more than $22.1 million in soft money donations to the political parties from 1991 to June, 1997. The result: Congress voted in the 1997 budget and tax deal to severely weaken the minimum tax requirement, an action that will save affected companies - and cost American taxpayers -- about $18 billion in federal tax revenues over ten years. http://www.youdebate.com/DEBATES/tax_minimum_tax.HTM

[Angry Dragon]

111. K&R

[Kablooie]

112. As it was in the beginning, is now and ever shall be, world without end. Amen.

[slay]

113. Sickening

Absolutely sickening. THIS is capitalism at its core. Gaze upon it in shock in horror.

[Indi Guy]

117. The Bigger issue here is that the tax free giants have vested interests...

...in destroying our Constitution (very inconvenient).

[Lorien]

118. Will the teabaggers protest THAT? No, of course not

because they see megacorporations as our benevolent overlords who have earned our devoted services and hard earned $$-plus they've been brainwashed into believing that if their beloved corps have to pay their fair share every employee (except execs and CEOs) will be fired. :eyes:

If you're mad, then write your reps and the Whitehouse!

[samplegirl]

127. I will do that today...

not to mention will post this to my local newspaper who is full of teabaggers who are complaining about welfare.

[mikekohr]

123. UPS, A Corporate Sponsor Of “The Contract On America,” Have An Overseas Shell Corporation In Bermuda

named Overseas Partners Limited (OPL), whose sole purpose is avoidance of United States income taxes. The IRS won the largest back taxes judgment in history against them in the late 1990’s. The Bush administration dropped the case during the appeals process.

They are not good guys. I was in management there for 12 years. They are not fans of organized labor. They are not fans of Democrats either. I was repeatedly informed by upper management that Democrats were a pale shade of the Communist Party. Their lobbying organization, UPSPAC, one of K Street’s biggest, gives overwhelmingly to Republicans. When I left UPS in 1992 I turned in testimony and documents that detailed their tactics of forcing supervisors and management into donating to UPSPAC. The Federal Elections Commission filed a charge against UPS, in which, after a four year legal battle UPS agreed to pay a fine and to never engage in this behavior again (never get caught again).

UPS may be an authoritarian dinosaur in the business world, but they are extremely astute in avoiding bad press. Press clipping are gathered an a local, national and world wide level and studied with intent as to how to influence positive press coverage. Example: one of the biggest contributors to National Public Radio is the Annie E. Casey Fund; this fund is named after the daughter of UPS’s founder Jim Casey.

mike kohr

[mstinamotorcity]

124. No Welfare for its citizens

but plenty of welfare for big corporations.

[jeanpalmer]

125. $100 billion a year

could have paid for the entire health care plan.

Maybe Congress should look into this. :rofl:

[DaveJ]

126. About Exxon's 'energy innovation research'

I wonder if the amount they spend on research exceeds what they spend advertising their purported research efforts. I've never seen signs of this research first hand. I mean 100 billion could pay the salaries of at least half a million energy research scientists so who has these jobs? Anyone here? Don't get me wrong, I'm sure that they are supplying grants to universities, but I also see nothing but combustion vehicles on the road.

[samplegirl]

129. Gas prices going up to $4.00 here soon

yeah more profits!!!!!!!

[TwilightGardener]

133. They're researching innovative ways to maximize profit, maintain high energy prices,

and dodge taxes.

[h9socialist]

128. Of course if I recommend nationalizing the big oil companies . . .

. . . I will be scorned as a no good Commie. Well, this is what capitalism is all about! We may get swindled 100 times a day, but at least we have a "free market economy." (YUCK!)

[samplegirl]

130. I paid More in Income Taxes than

General Electric
Or, for that matter ExxonMobil. But I get a W-2 and they have legions of accountants and tax lawyers to make certain that they pay no income taxes.

Which is how GE can book $10,300,000,000 in income and pay nothing in taxes.

[h9socialist]

136. I'm in complete agreement with your outrage . . .

. . . my question is: Are you willing to support a true solution? To me that would be to nationalize the oil and energy companies, and use the profits to hold down taxes for the poor, workers and middle class? That's the solution, not this wild, west free enterprise crap that incentivizes the corporate rich to evade taxes.

[Rosa Luxemburg]

131. So who is going to stop this deplorable activity?

Ahem?

[kestrel91316]

134. Kick. PARASITES.

[travelstovegas]

135. Did Clinton close tax loopholes only for Dubya to rescind them?

I have been discussing this corporate tax loophole issue with
someone, and in researching it, I read a random comment that
states that Clinton closed the offshore tax loopholes only to
have George W reverse them in his early first term. 

Does anyone know if this is true? Can you provide any backup,
links, etc? I have been searching all over but can't find
anything to prove it. 

I would really appreciate the help! Thank you!