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Major Corporations Pay No Taxes, Hide Income Offshore, and Get Major Subsidies From You

By jazz_music following x   2017 Mar 12, 10:45pm 986 views   8 comments   watch   sfw   quote     share    


Simple, when you understand this one thing THEY WANT IT ALL, except for what they pay the radio announcers to turn you against each other.

biggest tax subsidies over the eight years, the institute’s report said, included:

“Offshore tax haven abuse has become so absurd that one five-story office building in the Cayman Islands is now the ‘home’ to more than 18,000 corporations.”

Others, like American Electric Power, Con Ed and Comcast, qualified for accelerated depreciation, enabling them to write off most of the cost of equipment and machinery before it wore out.

Facebook, Aetna and Exxon Mobil, among others, saved billions in taxes by giving options to top executives to buy stock in the future at a discount. The companies then get to deduct their huge payouts as a loss. Facebook used excess tax benefits from stock options to reduce its federal and state taxes by $5.78 billion from 2010 to 2015, the institute found.

Individual industries have successfully lobbied for specific tax breaks that function as subsidies: for instance, drilling for gas and oil, building Nascar racetracks or railroad tracks, roasting coffee, undertaking certain kinds of research, producing ethanol or making movies (which saved the Walt Disney Company $1.48 billion over eight years, the report says).

THESE subsidies are YOUR taxes going DIRECTLY to the 1% and that is why they are SO AGAINST on ANY TAXES EVER going back to citizens to cover human needs to EVER take any pressure off your life no matter what. They manage to cut cut cut what you could ever get hoping you will just go away until you are ready to pay some more.

â–  AT&T ($38.1 billion)
â–  Wells Fargo ($31.4 billion)
â–  JPMorgan Chase ($22.2 billion)
â–  Verizon ($21.1 billion)
â–  IBM ($17.8 billion)
â–  General Electric ($15.4 billion)
â–  Exxon Mobil ($12.9 billion)
â–  Boeing ($11.9 billion)
â–  Procter & Gamble ($8.5 billion)
â–  Twenty-First Century Fox ($7.6 billion)
â–  Time Warner ($6.7 billion)
â–  Goldman Sachs ($5.5 billion)

https://www.nytimes.com/2017/03/09/business/economy/corporate-tax-report.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=second-column-region®ion=top-news&WT.nav=top-news&_r=0

1   APOCALYPSEFUCKisShostikovitch   ignore (35)   2017 Mar 12, 10:50pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Why do you hate FREE!dom?

2   bob2356   ignore (3)   2017 Mar 13, 5:32am   ↑ like (1)   ↓ dislike (0)   quote   flag        

jazz music says

Major Corporations Pay No Taxes, Hide Income Offshore, and Get Major Subsidies From You

You just found this out?

3   APOCALYPSEFUCKisShostikovitch   ignore (35)   2017 Mar 13, 7:39am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Why do you hate WIN!ning?

4   bob2356   ignore (3)   2017 Mar 13, 8:43am   ↑ like (0)   ↓ dislike (0)   quote   flag        

APOCALYPSEFUCK_is_ADORABLE says

Why do you hate WIN!ning?

What is the point of being an anti government libertarian if you can't suck off the government tit? Libertarian means government spending on other people is wasteful.

5   anotheraccount   ignore (1)   2017 Mar 13, 9:58am   ↑ like (0)   ↓ dislike (0)   quote   flag        

bob2356 says

Libertarian means government spending on other people is wasteful

Yeap. Just waiting for everyone that complained about deficits to start defending Trump's deficit spending and how it's much better because it will give corporations even more money so they can create jobs.

6   TwoScoopsOfSpaceForce   ignore (4)   2017 Mar 13, 10:00am   ↑ like (0)   ↓ dislike (0)   quote   flag        

You'd never know that we were ruled by the Golden Child Community Organizer these past 8 years.

And Carlos Slim was the recipient of re-privatized ex-nationalized Telecoms, Banks, Etc. from his pals in the PRI.

40% of the value listed on the Mexico Stock Exchange, and the richest person in the world several years running. Still on the top 10.

Where's the profile of this man's shenanigans, NYT?

7   anotheraccount   ignore (1)   2017 Mar 13, 10:17am   ↑ like (0)   ↓ dislike (0)   quote   flag        

WaPoIsHitler Lipsovitch says

You'd never know that we were ruled by the Golden Child Community Organizer these past 8 years.

Yes, I get the Obama criticism. Why are not criticizing Trump for trying to make corporations even bigger?

8   bob2356   ignore (3)   2017 Mar 13, 10:36am   ↑ like (0)   ↓ dislike (0)   quote   flag        

tr6 says

Yes, I get the Obama criticism. Why are not criticizing Trump for trying to make corporations even bigger?

You just don't understand lips world. Obama does it=bad. Trump does it=good. Really simple.





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