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luckyleftyme2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-18-11 10:48 AM
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how fitting for tax time
Edited on Mon Apr-18-11 11:24 AM by luckyleftyme2
DO YOU FEEL PLUCKED!
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the top ten welfare corporations who pay no federal income tax!

1) Exxon
2) bank of America
3) general electric
4) chevron
5) Boeing
6) valero energy
7) Goldman sachs
8) citigroup
9)connco phillips
10) carnival cruise line
some of the above companies were bailed out by us taxpayers recently! don't ya just luv how
medicare and social security is bankrupting the country! that we need to bust the unions,give tax breaks to those earning over $250,000 a year and give tax breaks to the heritage group whose purpose seems to be to take from labor and give to the upper 5%!
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luckyleftyme2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-18-11 12:40 PM
Response to Original message
1. THIS WILL MAKE GLAD YOU GAVE YOUR SHARE

HOW MUCH LONGER ARE WE GOING TO PUT UP WITH THIS BULL!
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Sun, Apr 17 2011Study says most corporations pay no U.S. income taxes

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A man holds a wad of money in an undated file photo.
Credit: Reuters/File
WASHINGTON | Tue Aug 12, 2008 12:54pm EDT

WASHINGTON (Reuters) - Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.

The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.

More than half of foreign companies and about 42 percent of U.S. companies paid no U.S. income taxes for two or more years in that period, the report said.

During that time corporate sales in the United States totaled $2.5 trillion, according to Democratic Sens. Carl Levin of Michigan and Byron Dorgan of North Dakota, who requested the GAO study.

The report did not name any companies. The GAO said corporations escaped paying federal income taxes for a variety of reasons including operating losses, tax credits and an ability to use transactions within the company to shift income to low tax countries.

With the U.S. budget deficit this year running close to the record $413 billion that was set in 2004
NOW TELL THOSE HARDNOSE DUMMIES ON THE RIGHT THEY ARE THE PROBLEM AND NOT THE CURE!
ITS NOT THE BUSINESS HAVING A BAD CLIMATE ITS THE CLIMATE THEY CREATED IS A BAD CLIMATE FOR ALL! IS THIS ANOTHER HERITAGE THINK TANK SOLUTION? UNPROVEN AND SPREAD TO BE FOR REAL?
WAKE UP THEY ARE STEALING OUR COUNTRY!
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luckyleftyme2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-18-11 12:56 PM
Response to Reply #1
2. NEXT TIME YOU SEE FISHY OR PAUL EDUCATE THEM

MAKE SURE YOU INFORM THEM OF THIS POST:
Dorgan in a statement called the report "a shocking indictment of the current tax system." Levin said it made clear that "too many corporations are using tax trickery to send their profits overseas and avoid paying their fair share in the United States."

The study showed about 28 percent of large foreign corporations, those with more than $250 million in assets, doing business in the United States paid no federal income taxes in 2005 despite $372 billion in gross receipts, the senators said. About 25 percent of the largest U.S. companies paid no federal income taxes in 2005 despite $1.1 trillion in gross sales that year, they said
I'M SURE WITH PEOPLE LIKE HUFF AN PUFF RUNNING THEIR BUSINESSES THEY WILL CONTINUE TO GET AWAY WITH THIS! IS THIS WHAT YOU WANT? LOW WAGES NO BENNY'S AN A FEW RICH MAN'S LACKY'S OVERSEEING YOU?
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