7 Largest Corporations paying NEGATIVE Taxes!!! &%*#$!# Leeches!!!

a reply to: mOjOm
Here is linky to part of the problem finance.townhall.com...
The solution is simple and will save us a ton. Everyone pays a flat tax. The government can only spend what it takes in. If it needs more money, then the people vote on an increase/decrease. Anyway in the link it talks about 73,000 pages letter size about the taxes/laws on the books.

a reply to: Edumakated

In the context of companies taxed on profits, you first have to make money to even be taxed to begin with. Other taxes yes that's included in prices.

a reply to: WarminIndy

If there are plenty of jobs, like in the 60's, no one is tied to the same job til you are dead. If the coal industry goes under. But it won't. Someone will step in and keep the industry going as long as there is a need. Private owners might have to settle for a few million less profits. But they will. Millions are millions. Still lots of money.

originally posted by: neo96
So what about these LEECHES ?

Talk about GD false outrage.

Why doesn't it surprise me that this is your rebuttal. Did you bother reading the rest of that article BTW???

The phenomenon of low-earning Americans escaping the federal income tax burden isn't a new one. In 2002, The Wall Street Journal coined the term "lucky duckies" to describe people who were exempt from income tax because they didn't make enough money.

"Had the editors ever met a person of little means?" wondered Farhad Majoo at Salon. "Did they realize that being poor, while perhaps an attractive tax shelter, tended to come with such hard-to-bear downsides as not knowing where your next meal will come from?" In most cases, tax filers who don’t pay federal income tax are still on the hook for other taxes. They can still be responsible for payroll taxes, withheld from their paychecks, and for excise taxes on gasoline, tobacco, alcohol, and other goods. And they may have to pay income tax at the state or local level.

Most of them aren't paying Federal Income Tax because they already don't make enough money in the first place. Those aren't leeches, those are poor people. Which you continuously blame rather than blaming The Rich who escape paying even though they have the means to pay.

So you want to talk about "GD False Outrage"??? Well, you should know, you're in it up to your eyeballs.

What "Lucky Duckies" the poor are to get off without paying this one type of tax.

You live in a world that is completely disconnected from reality you know that?? I'm sure you feel the same about me and we'll never see eye to eye.

You want to blame people making 16,000 a year for not paying their share while allowing Multinationals making billions to get off without a care in the world. Go tell it to Fox News, cause I ain't buying what you're selling.

a reply to: mOjOm

Why doesn't it surprise me that this is your rebuttal. Did you bother reading the rest of that article BTW???

SO WHAT ?

Everyone in this country gets tax breaks, and credits. The poor,middle, and them GD evil rich people.

Most of them aren't paying Federal Income Tax because they already don't make enough money in the first place. Those aren't leeches, those are poor people. Which you continuously blame rather than blaming The Rich who escape paying even though they have the means to pay.

If it wasn't for them GD evil corporations that DO pay taxes contrary to BULLSNIP ARTICLES,and VIDEO'S.

Those poor, and middle class really would be screwed.

And that video is a GD LIE.

Making a FALSE equivolency between PAYROLL TAXES, and CAPITOL GAINS TAXES.

Then those CEO's get hit again with the GD 'alternative' minimum TAX.

And the MEDICARE CAPITOL GAINS SURTAX.

en.wikipedia.org...

www.forbes.com...

How about doing some research instead of posting BULL SNIP videos that any two second google search can dispel without much effort.

a reply to: Hefficide

U r stupid because private business create jobs and revenue. These few corporations are crony capitalist guys that Obama and Democrats including Republicans give stimulus and bailouts to then claim it is a success because they save them. They are a byproduct of mixing socialism with crony capitalism u get socialism for the wealthy.

a reply to: buster2010

US Corporations pay the highest taxes in the world. These guys are the ones that Democrats and some Republicans give exemptions to while everyone else pays higher taxes to compete at a disadvantage. Specifically these corporations back Democrats, so in return they eliminate other competition for them by claiming more regulations and taxes so everyone else lose.

originally posted by: neo96

If it wasn't for them GD evil corporations that DO pay taxes contrary to BULLSNIP ARTICLES,and VIDEO'S.

LOL. Well that "Bullsnip Article" that you quote is from YOUR LINK you just used and referenced. Which is why I asked if you bothered to read the rest of it. So if you don't like it now blame yourself because you provided it, but I guess I'm the only one of us who bothered to read it.

Then those CEO's get hit again with the GD 'alternative' minimum TAX.

And the MEDICARE CAPITOL GAINS SURTAX.

Oh those poor poor CEO's!!! Let's all have a moment of silence for them shall we?!?!?

You know I don't know why you complain about the Government and Obama so much when you seem to love the Corporate Masters as much as they do. Maybe you're really just mad because they won't let you in to the big boy club or something. I seriously don't get what perspective you claim to support anymore.

How about doing some research instead of posting BULL SNIP videos that any two second google search can dispel without much effort.

Uh huh. LOL.

I provided the full report earlier for those interested in all the details. Go find it and do some research yourself, I'm not wasting time with you.

Great. This thread has turned into another "feel sorry for the rich guy".

originally posted by: mOjOm


Boeing Co, Ford Motor Co, Chevron Corp, Citigroup Inc, Verizon Communications Inc, JPMorgan Chase & Co and General Motors Co. — reported a tax rate of -2.5 percent despite claiming more than $74 billion in combined pre-tax profits.

They paid their chief executives an average of $17.3 million, according to the study by two Washington think tanks — the Institute for Policy Studies and the Center for Effective Government.

We have the best Government money can buy.



www.opensecrets.org...

Heavy Hitting Lobbyists and Campaign Contributions

Boeing Co
CONTRIBUTIONS
$23,648,134
since 1990
LOBBYING
$199,642,310
since 1998

Ford Motor Company
CONTRIBUTIONS
$11,758,654
since 1990
LOBBYING
$118,509,835
since 1998

Chevron Corp
CONTRIBUTIONS
$17,721,463
since 1990
LOBBYING
$131,838,121
since 1998

Citigroup Inc
CONTRIBUTIONS
$34,755,957
since 1990
LOBBYING
$99,240,000
since 1998


Verizon Communications Inc
CONTRIBUTIONS
$28,157,625
since 1990
LOBBYING
$218,130,043
since 1998


JPMorgan Chase
CONTRIBUTIONS
$34,432,443
since 1990
LOBBYING
$87,147,899
since 1999

General Motors Co
CONTRIBUTIONS
$12,219,213
since 1990
LOBBYING
$149,904,170
since 1998

REVOLVING DOOR
41 out of 59 General Motors lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
59 out of 69 JPMorgan Chase & Co lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
97 out of 125 Verizon Communications lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
54 out of 62 Citigroup Inc lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
27 out of 44 Chevron lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
30 out of 36 Ford Motor Co lobbyists in 2013-2014 have previously held government jobs

REVOLVING DOOR
85 out of 115 Boeing Co lobbyists in 2013-2014 have previously held government jobs

The above is why TERM LIMITS will do us no good as long as money backed lobbying is still in place.
They will go in and do as much damage as possible for everyone else and get a cushy job for their masters

Whining om ATS about corporate taxes serves what purpose?

originally posted by: Jamie1
Whining om ATS about corporate taxes serves what purpose?

Well, it's conversation for starters. Perhaps entertainment too. Spreading of information for those interested. Typing practice. Time Killer. There's a few off the top of my head. Imagine if I bothered to really think about it.

Must it serve some additional purpose as well??

originally posted by: AnuTyrWe should have voting for all these things, Who Runs our food our water and our infrastructure.

This isn't democracy, What we are living in is a oligarchy owned by nobility who make their own laws and don't give a damn if we want them out of their office.

We should have REAL democracy. No single person should have full control over our vital resources.
This is the Real problem.
Is Capital privitization.

The problem is that these local positions, even if you could vote on them, are not the people who ultimately control things. The people that run the top of the financial system are ultimately the people you seek to push back against. You'll never get a vote for their jobs.

The financial system is set up to create debt slaves so the top financial oligarchs can suck off our labor like a parasitic infection poisoning humanity.

You even see the debates on these boards bickering over politics, race, religion,the poor, the rich, etc. The ultra super rich love that they can divide and distract people so easily. Almost no one here knows that in the city of London is a city called Westminster where most of the international banks are located, and by law they pay no taxes and actually have voting rights like a citizen.

If we could stop reacting to the propaganda that serves to divide and distract us, we'd have a chance. What I read on ATS doesn't make me think we even have a chance of that happening anytime soon.

a reply to: Huggiesunrise

I enjoyed reading your post, very insightful, but please answer one question for me, why did Wesley Snipes go to jail ?

I think he tried to in real terms to implement what you speak of, and look what happened.

originally posted by: MOMof3
a reply to: Edumakated

This is a good point:
"First, the problem is politicians using the tax code to dole out favors. If the companies are following the tax code, then your beef is with the politicians who set the tax laws."

We have no one to blame but ourselves. Voters and the ones who shun their civil responsibility of voting. Politicians are very clever at promoting one issue policy to get attention away from what they are really up to.

I want to take your point a bit further. Our problem isn't with the voters, people pick and choose based on who their choices are. The problem is with the people we're voting for in the first place. Specifically it's with a dichotomous two party system.

If you want to fix things, truly fix things then stop telling people to vote, and stop registering people to vote. Votes are powerless if they go to the wrong people. Instead get involved in politics. Run for office, find a good person and have them run, help one of the 50+ third parties in the US get on a ballot. Give the people who choose to vote a choice.

TAX, TAX, TAX!

I find it funny, that as Americans, some of you are arguing FOR taxes!

NONE of us should be paying taxes.

There are more taxes now, than ever in our history, and the Government STILL can't live within it's means. They want more, and more, and more. They'll use every penny you give them, and still find "reasons" to use even more. We're all suckers for electing these people over and over again, that keep doing this. It's these 40 year career politicians that have gotten us into this mess.

TERM LIMITS people! Should be agenda #1

Yes, the 1/2 of the population that doesn't pay taxes isn't fair to those that do, BUT, it's unfair to all to pay taxes when the Government has ZERO accountability to how those taxes are used.

I don't blame the corporations, I don't blame the poor. The blame, rests squarely on the shoulders of the enablers.

a reply to: poncho1982

"NONE of us should be paying taxes." That is a great idea. But who is going to pay for the wars we are in? How many now, three?

a reply to: Aazadan

I disagree. The problem is not with voting. The problem is money and the system that is supported by our Supreme Court and the cromnibus they just passed to give more money to the already rich.

I can't run for any office because I take care of a disabled husband, so my responsibility is to vote. And, where would I get money from to run? So, someone would "buy" me too. No, I will not give that up. I write in myself a lot when I don't care for any of the candidates.

To stop this money system, americans should stop spending money. Don't buy a house, a car, and make as little money as possible to live on so you don't pay income tax. Which keeps the whole crooked system going.

On ATS people defend corporations, defend banks and attack the poor and immigrants. It's a strange place, but shows the power of ruling class ideological manipulation