10 big companies that pay no taxes (and their favorite politicians) , page 2

reply to post by Rigel Kent

---

These studies are always halfass political hacks trying to stir up a subject they know nothing about.

Take Verizon for example. While they did get a refund, they did pay taxes. I got a refund.... and I paid tens of thousands in taxes. All together their total tax payments on $5.25 billion in profit was $1.79 billion in taxes.

Most of the Government subsidies were directly involved with government contract provisions directing Verizon to use resources to construct infrastructure (3g internet coverage and expanded wireless telecommunications).

Deny Ignorance.

reply to post by Rockpuck

---

You have any link to Verizon Comms financial reports that confirm this?
I agree "deny ignorance" but I need to see something more.
Thanks.

PEACE,
RK

reply to post by Rigel Kent

---

Its not a bribe, its a "contribution".
And of course they accept it without question, its for "re election".
And that makes it "legal".

reply to post by Rigel Kent

---

Go To the SEC's page and look up Verizon's form 10-K for 2011. It is public information.

reply to post by ofhumandescent

---

The buffet rule will do nothing for the economy or the middle class. They are just mining for votes because the notion of slapping the rich sounds good to many people. Even though the 1% already pays 40% of the nations federal tax burden.

What we really need is good and honest overall Tax Reform for the entire nation!! No more finger pointing. The whole tax code needs to be destroyed and reworked.

Put your energy behind the FAIR tax which completely eliminates Federal income tax and the IRS. Taxing will be based on consumption and will reward those who actually want to save money and reward those who work hard to be frugal. There is no reward for saving money these days. We need it!!

The Buffett rule is just more of the same divisive political rhetoric. Harry Reid will call for its vote but has yet to call for a vote to get a budget passed 1100 days and counting!! Everyone needs a budget!!!

Originally posted by Rigel Kent
Greetings ATSers,
You have to wonder what the hell is going on when the US Government fails to collect $78 Billion in Taxes from these 10 companies, but I guess when you look at the list of monetary donations made to named politicians your confusion will quickly turn into disgust.

Verizon Communications is at the top of the list with a whopping $19.8 Billion in proffits for 2011 - 2012 fiscal year and wait for it, has a tax rate of -3.2% !!!!

Top politicians who received cash from Verizon during this period are as follows:

President Barack Obama: $51,493
Sen. Robert Menendez (D-N.J.): $24,450
Sen. Mitch McConnell (R-Ky.): $23,700
Rep. John Boehner (R-Ohio): $22,500
Sen. Kirsten Gillibrand (D-N.Y.): $15,000

You can read through the whole list here

motherjones.com...

When is enough, enough?

PEACE,
RK

Given his inability to get virtually anything past the GOP roadblock in Congress, I wonder how an Obama proposed tax crackdown on U.S. companies would have flown last year.

reply to post by Rigel Kent

---

And I will bet that heads of those companies have had cozy little meetings with Obama too. Just like quite a few corporations in the UK have had nice little meals and made nice donations to Cameron.

Money talks, democracy walks.

Welcome to reality. Your government works for the highest bidders and their own self-interest, not the interests of those who supposedly vote for them.

Democracy is a scam, they are all owned by the same elites, they will all follow the orders of their paymasters with very little variation.

reply to post by Rigel Kent

---

and yet these companies probably lay off people and say it is because of tough times and the government putting the squeeze on them

reply to post by Rigel Kent

---

It will be enough when they won't have to pay politicians and talking heads to get what they want anymore. That's when the time to worry has arrived.

You could go beyond high taxes for corporations and simply take every single penny that they make, and then some! You can't pay for what we owe, it's literally impossible.

Checkout my latest thread for the details. All this arguing about who to tax and how much is completely moot.

We're screwed.

Surely the reason why these companies paid no taxes could be easily discovered by pulling up their Edgar filings which the SEC makes available to the general public.

www.sec.gov...

I just assume a company that big has really good accountants who meticulously identify every transaction and the company simply has no tax liability at the end of the year.

The way OP presents this information suggests that Verizon owes taxes, which it isn't paying, and that a short list of legislators is illegally using their position in Congress to allow a massive tax fraud...all in exchange for a pittance of a campaign contribution.

Considering that Verizon Communications is a major public utility that contributes to the management and development of the most advanced communication network on the planet...it sounds certain that they would be actively taking advantage of all kinds of legal incentives to offset taxation.

you guys do know what taxes are for, right?

How US Dollar Collapsed - Inside Job
  Posted 2 days ago with 65 member flags

Bank loses all of family’s possessions after wrongfully foreclosing on home
  Posted 2 days ago with 25 member flags

United States Will Become A Third World Country Overnight. Real Unemployment 22%
  Posted 1 days ago with 24 member flags

Debt Free at Last!
  Posted 2 days ago with 20 member flags

Get Your Money Out of Morgan Stanley—Fast!
  Posted 15 days ago with 13 member flags

What Would You Do if Your Child Said They Wanted To Join the Armed Forces?
  Posted 12 days ago with 12 member flags

This Is Why We Are In This Mess!!
  Posted 15 days ago with 10 member flags

Everyone Is Ignoring A Sign Of US Economic Decline We Haven\'t Seen In 60 Years !
  Posted 12 days ago with 9 member flags

Newest topics, updated in real-time:

Newest topics getting flags, in real-time:

Newest topics getting replies, in real-time: