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G.E.’s Strategies Let It Avoid Taxes Altogether

Discussion in 'Sports and News' started by YankeeFan, Mar 24, 2011.

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  1. YankeeFan

    YankeeFan Well-Known Member

    Release the hounds:

     
    YankeeFan, Mar 24, 2011
    #1
  2. NoOneLikesUs

    NoOneLikesUs Active Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Huh, you'd think conservatives would support GE in this case.
     
    NoOneLikesUs, Mar 24, 2011
    #2
  3. Armchair_QB

    Armchair_QB Well-Known Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    I need the phone number for their accountant.
     
    Armchair_QB, Mar 24, 2011
    #3
  4. YankeeFan

    YankeeFan Well-Known Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    You'll need a lot of phone numbers:

     
    YankeeFan, Mar 24, 2011
    #4
  5. YankeeFan

    YankeeFan Well-Known Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    You might want some lobbyists too:

     
    YankeeFan, Mar 24, 2011
    #5
  6. Magic In The Night

    Magic In The Night Active Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Well who knew when corporations said they needed tax breaks in order to create jobs they meant jobs in their own how-do-we-get-out-of-paying taxes departments?
     
    Magic In The Night, Mar 24, 2011
    #6
  7. YankeeFan

    YankeeFan Well-Known Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    975 jobs is a lot more jobs that Obama's stimulus created.

    Sorry. Too easy.

    Isn't that incredible? 975 lawyers. Holy Shit.
     
    YankeeFan, Mar 24, 2011
    #7
  8. KYSportsWriter

    KYSportsWriter Well-Known Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Last I checked, GE is a pretty big corporation.
     
    KYSportsWriter, Mar 24, 2011
    #8
  9. Magic In The Night

    Magic In The Night Active Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    Well theoretically, my tax dollars are paying for GE's jobs as they use those lawyers to come up with tax avoidance strategies. Because they are paying less taxes, all of us who do pay are paying more. Or we'll be going without programs we would like our taxes to go toward, such as NPR or you know, Social Security, because Congress will have to cut those to eliminate the dreaded deficit. BTW, I'm wondering when is Boehner going to have the floor vote on canceling Social Security. He promised that and I really await that day because then it'll be Vive La Revolution!
     
    Magic In The Night, Mar 24, 2011
    #9
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    See, I think where we go wrong is when it becomes a "blame the corporation" game. What GE is doing is legal -- it's sickening, but it's true. It's legal because what all the people arguing about "conservatives" and "liberals" fail to grasp is that whatever team you think you are rooting for is responsible for this.

    Blame your legislators. They took an oath to serve you, and instead rape the country for power and money.

    Business Week did a story about a month ago, about GE's strategy of paying lobbyists to buy off legislators for favorable tax code treatment.

    http://www.businessweek.com/magazine/content/11_10/b4218027853982.htm

    This is a political corruption issue. As long as we have a ridiculously overcomplicated tax code, which is a great way for elected officials to receive legalized kickbacks, this is what we will reap. Our legislators love it and have created the system. It makes them rich. They fill campaign war chests (and who knows what else) with the money they get in return. And that money keeps them in power.

    Two of GE's most prominent lobbyists are John Breaux and Trent Lott. Each are getting paid by GE to call their former cronies (democrat/republican) offering money in return for favors.

    The power we have given the Federal government, and the corruption and waste it has dumped on the country, should have people up in arms. Instead, the conversation shifts to GE (which is just playing the hand as it was dealt), instead of to the political corruption, or to a conversation about republicans and democrats, when they are exactly the same and both responsible.
     
    The Big Ragu, Mar 24, 2011
    #10
  11. Magic In The Night

    Magic In The Night Active Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    I realize the corporations only do what legislators and the stupid people who live in this country allow. That's why I'm for publicly financed, 6-week elections. Also, the flat tax. We once ran the formula for the flat tax on the editorial page. I would save about $14,000 a year under that. Of course, I have a 12-year-old car and a 20-year-old TV. Instead, I pay the freight of General Electric.
     
    Magic In The Night, Mar 24, 2011
    #11
  12. suburbia

    suburbia Active Member

    Re: G.E.’s Strategies Let It Avoid Taxes Altogether

    You mean we get screwed no matter which party is in power? You don't say!
     
    suburbia, Mar 24, 2011
    #12
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