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Corporation That Paid Nothing In Taxes For Four Years Tells Congress It Pays Too Much In Taxes

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posted on Jul, 25 2012 @ 03:23 PM
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reply to post by rickymouse
 


Nothing you've stated contradicts the post you're replying to, and it only underscores my earlier posts, so I am wondering what your point is?




posted on Jul, 25 2012 @ 03:27 PM
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Originally posted by Raist

How can it be -.2? What kind of math is that? Why can't my taxes be -.2? I would even settle for $0. To be honest though I understand being taxed to a point. We need money generated for things to pay state workers, I really do not have a problem with that. But these big corps really piss me off with this stuff.

Is this really true? How can they get away without paying taxes?


It's all based on your belief system. The corps believe their taxes are too high, so they pay less. And they argue that they should be paying even less. If you believe your taxes are ok, then that's what you pay. You could pay more if you believed you are not paying enough. How does one determine what is fair? It can only come from one's own belief system. The rich believe that they pay too high taxes, that's why, like Romney, they shift their capital abroad into offshore tax havens. If they believed, like many other Americans, that they should be paying a higher tax, then they would simply move their money back onshore, and put it in some Bank inside America, where the government would have easy access to their money. But, they really do not believe that the mandatory rate of tax is fair to them, so they act according to their belief. Some peole may look at the rich and say they are cheating. But, they are not. They are paying what they believe is fair, and those accusing them of cheating are just paying a higher rate, because they believe they themselves should pay more.

In America, you're allowed to believe whatever you want. It's called Liberty and Freedom. That is the truly beautiful thing about America. Imagine you could go into a store, and pick up any item of goods, take it to the counter, and say to the cashier, "How much is this?" And the cashier replies, "Pay whatever you think it's worth." Wouldn't that be a great place to shop? Well, that's America. Most people don't realize it, but they have Liberty to pay the taxes they believe they should be paying, just like that great shop of goods.

There is alot of marketing and television subliminal messages that try to "shape the belief" of the people, and that's all just part of the game of managing "beliefs" to get people to part with their cash voluntarily. But, you still have Liberty to shape your own belief, just like the rich do with their own minds.

What you believe is up to you. It's not like Iran, or Saudi Arabia, where you have to believe what the higher powers tell you to believe, you can choose to change your belief in America. That's what the statue of Liberty stands for, freedom to control your own mind.

She is lady wisdom. My mind is my own. I decide what goes into it, and gets stuck there, and what I cast out with the garbage.

edit on 25-7-2012 by NAMTERCES because: (no reason given)



posted on Jul, 25 2012 @ 03:37 PM
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reply to post by Jean Paul Zodeaux
 


I'm sort of trying to reinforce your perception to others. Sort of backing your statements and adding a little to show others my reinforcement is a valid perception. Did I do it wrong?



posted on Jul, 25 2012 @ 03:38 PM
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Originally posted by rickymouse
reply to post by Jean Paul Zodeaux
 


I'm sort of trying to reinforce your perception to others. Sort of backing your statements and adding a little to show others my reinforcement is a valid perception. Did I do it wrong?


I was hoping that was the case but wasn't sure because of the particular post you replied to. No you most assuredly did not do wrong, you did great!



posted on Jul, 25 2012 @ 04:09 PM
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Obviously poisoning everything is an expensive public service!



posted on Jul, 25 2012 @ 05:21 PM
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Wow...way to take what she said and blow it out of proportion. I hate corporations as much as the next person but that's not what she said and she's right about what she actually said. Way to go ATS. Keep up the good work.



posted on Jul, 25 2012 @ 05:21 PM
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Originally posted by sensible1

Ummm dude... Taxes are paid only on the money you make in the US... Not internationally.. No company pays taxes based on its profits alone, its taxable monies made in the US..



Oh goodie an answer!

Than why is all of the media showing the global profits of these corporations only?

Why not the US profits?

Maybe questions that should be asked before the mob lights the torches, no?



posted on Jul, 25 2012 @ 10:40 PM
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Originally posted by NAMTERCES

Originally posted by Raist

How can it be -.2? What kind of math is that? Why can't my taxes be -.2? I would even settle for $0. To be honest though I understand being taxed to a point. We need money generated for things to pay state workers, I really do not have a problem with that. But these big corps really piss me off with this stuff.

Is this really true? How can they get away without paying taxes?


It's all based on your belief system. The corps believe their taxes are too high, so they pay less. And they argue that they should be paying even less. If you believe your taxes are ok, then that's what you pay. You could pay more if you believed you are not paying enough. How does one determine what is fair? It can only come from one's own belief system. The rich believe that they pay too high taxes, that's why, like Romney, they shift their capital abroad into offshore tax havens. If they believed, like many other Americans, that they should be paying a higher tax, then they would simply move their money back onshore, and put it in some Bank inside America, where the government would have easy access to their money. But, they really do not believe that the mandatory rate of tax is fair to them, so they act according to their belief. Some peole may look at the rich and say they are cheating. But, they are not. They are paying what they believe is fair, and those accusing them of cheating are just paying a higher rate, because they believe they themselves should pay more.

In America, you're allowed to believe whatever you want. It's called Liberty and Freedom. That is the truly beautiful thing about America. Imagine you could go into a store, and pick up any item of goods, take it to the counter, and say to the cashier, "How much is this?" And the cashier replies, "Pay whatever you think it's worth." Wouldn't that be a great place to shop? Well, that's America. Most people don't realize it, but they have Liberty to pay the taxes they believe they should be paying, just like that great shop of goods.

There is alot of marketing and television subliminal messages that try to "shape the belief" of the people, and that's all just part of the game of managing "beliefs" to get people to part with their cash voluntarily. But, you still have Liberty to shape your own belief, just like the rich do with their own minds.

What you believe is up to you. It's not like Iran, or Saudi Arabia, where you have to believe what the higher powers tell you to believe, you can choose to change your belief in America. That's what the statue of Liberty stands for, freedom to control your own mind.

She is lady wisdom. My mind is my own. I decide what goes into it, and gets stuck there, and what I cast out with the garbage.

edit on 25-7-2012 by NAMTERCES because: (no reason given)


I fervently believe that I should pay no tax.

Therefore, I have never paid taxes.

I have never received any type of benefit from the govt, and I do not approve in any way of what they waste the money on. So, I owe them NOTHING.

This is the belief I have the freedom to shape, in the land of the fee, and the home of the slave. Unfortunately, there are others who believe this makes me a criminal. I laugh at them.



posted on Jul, 25 2012 @ 11:07 PM
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reply to post by Aloysius the Gaul
 


Ok this is just totally wrong this was from a report made on lobbying but some idiot miss read the report and created a fake story. The original story was 30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008-2010 .Corning paid 4 million on profits of 1,977 million.Now you can argue thats too low for profits but you have to keep in mind large corporations will spend millions in reinvestment this comes straight out of the profit totals.For example corning just spent 600 million on a venture with samsung.where did that 600 million come from there profits and that money becomes tax deductible.Then they also pay dividends to stock holders which is taxed then again out of profits.Its hilarious when people cant balance a checking account but want to make accusations on how a billion dollar company works.

Just thought i would add this since it confuses people.Say im a company dragon inc and i have set up offices in the united Kingdom.By doing this i have to pay corporate taxes in the UK of 25 %. Now dragon inc wants to open a factory in the United States but to use my profits i made in the UK i have to pay the difference between there tax rate and the US.Now currently the US corp rate is 35% 2nd highest in the world! so in order to bring money into the US i have to pay an additional 10% to invest my overseas money into the United States.Or i can build a factory in a country which wont charge me additional taxes what would you do?
edit on 7/25/12 by dragonridr because: (no reason given)



posted on Jul, 26 2012 @ 10:55 AM
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reply to post by Jean Paul Zodeaux
 


You completely missed the point. Yes on paper Corporations are "taxed' but since a corporation is not a person but a collection of people and investors it is those individuals who pay the taxes. They pay on their investment earnings and the customer absorbs the rest. sure there are lots of deductions and deferments along the way that being a corporation allows you to use but in the end it is individuals who pay taxes.
The point is that "corporations" are not some faceless entity that the government can just stick it to. Whatever burdon the government imposes is passed on to individuals. Many people seem to think that they can just force corporations to pay higher taxes and the corporation will have to take that as a loss of profit. They think corporations are evil and profit is evil. Its blind ignorance of the reality. No business that sells a product or service will take a loss of profit if it can avoid it. The market will keep prices in check but a tax imposed on all companies will hit all equally. All companies will raise prices proportionally to offset the new taxes imposed on them. So every yahoo demanding that companies be hit with massive taxes should just get ready to pay higher prices for every good and service they buy. They will then scream and yell even more about "evil" corporations just gauging them for more money. So every time you yell and scream for corporations to get smacked down with bigger taxes just realize you are being played by the government. They want you to blame business for the impact of govenrment waste fraud and abuse of the tax payer.



posted on Jul, 26 2012 @ 11:01 AM
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I'd rather the corporation paid it's shareholders dividends from it's profits rather than see it go to a bloated socialist government that is resolved to spread that wealth to people most likely to vote for them.



posted on Jul, 26 2012 @ 11:42 AM
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Originally posted by CaptChaos

I have never received any type of benefit from the govt, and I do not approve in any way of what they waste the money on. So, I owe them NOTHING.


Unless you live in a bubble, you have most certainly received benefit from others taxes. The first time you step onto a road, you are benefiting from from the government. Without tax revenue from the State and Federal level, that road does not exist for your use. Way to be smug though!



posted on Jul, 26 2012 @ 01:30 PM
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Originally posted by usernameconspiracy

Originally posted by CaptChaos

I have never received any type of benefit from the govt, and I do not approve in any way of what they waste the money on. So, I owe them NOTHING.


Unless you live in a bubble, you have most certainly received benefit from others taxes. The first time you step onto a road, you are benefiting from from the government. Without tax revenue from the State and Federal level, that road does not exist for your use. Way to be smug though!



While I agree that the member you are addressing has very likely benefited from taxes, please do not overlook the fact that 100% of all federal taxes are used to pay interest on the "debt" of our federal government to the Central Reserve Bank.

The services and infrastructure you cite are derived from State taxes.. not federal... Federal Income tax is the mortgage payment on the illusion of a sound economy the financial cartel provides to the government to keep it from collapsing under it's own profligacy to support the robber barons (of which many in government are actually part.)

I have no equally fervent rejection of taxes from the states... and I wouldn't from the federal government either if they were actually using the money for something other than propping up the global banking cartel they work for.



posted on Jul, 26 2012 @ 11:49 PM
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"Even though an Army audit determined that $263 million of charges by Halliburton were exaggerated or unjustified on its $2.41 billion no-bid contract for fuel deliveries and oil equipment repair in Iraq, the Army said it will pay all but $10.1 million of it. The Times reported Monday that the decision to withhold only 3.8 percent of the charges in question is far below the average of questionable charges that are withheld. That average has ranged between 56.4 percent and 75.2 percent over the last three years. Audits and averages rarely matter with Halliburton. While Reagan galvanized the middle class against laundry rooms for the poor, Halliburton is the company whose subsidiary, Kellogg, Brown & Root, charged you and me $100 for a bag of laundry and $45 for a case of soda in Iraq." --The Boston Globe, March 1, 2006


So basically people think it's more efficient for tax monies to fund military waste than domestic civilian social welfare


During Reagan's tenure, Halliburton and KBR agreed to pay $750 million to settle a lawsuit over letting costs of a nuclear power plant in Texas skyrocket five times to $5.5 billion. Halliburton exported oil-field equipment to Libya despite a US trade ban. It ended up paying $3.8 million in fines. The government said some of the equipment Halliburton shipped could have been for nuclear weapons. It is the company that had to pay $7.5 million in fines to settle with the Securities and Exchange Commission over accounting practices in the late 1990s that boosted its bottom line. Vice President Dick Cheney was Halliburton's CEO at the time but was not charged with any wrongdoing. It is the company that had to pay back the government on separate occasions $6.3 million, $11.4 million, and $16 million for kickbacks and overcharges on fuel deliveries and meals for troops in Kuwait and Iraq. Halliburton has admitted to $2.4 million in bribes to the Nigerian government in exchange for favorable tax treatment. None of this matters with a company that spent $1.4 million over the last decade, according to the Center for Responsive Politics, to get friendly key Republicans into office and has its former CEO as vice president. The reason the Army capitulated on its own audit is that everyone knows -- without anyone having to say it -- the cost of criticizing Cheney's former company.


Yep


The Congressional Budget Office (CBO) estimates the proposed tax cuts and subsidies for energy companies will reduce government revenues by $25.7 billion over ten years. The nonprofit advocate Taxpayers for Common Sense estimates the handout will cost more like $95 billion over ten years. They call the legislation an attempt to "pad the bottom line of big industry while saddling the rest of us with debt for years to come." They speculate that the $400 billion federal deficit could reach $5 trillion by 2013 because of such reckless giveaways.


Uh-huh.


KBR has made a special arrangement to avoid paying taxes on about 10,500 of its American employees who are working in Iraq on various reconstruction programs. KBR recruits people to work on reconstruction-related projects, but when the workers get their first paycheck, they see that it's not coming from KBR, but from a KBR subsidiary, Service Employers International Inc, (SEI). SEI's corporate home is the Grand Cayman Islands, although it has no actual offices there. While KBR employees working in Iraq would be subject to the 15.3 percent payroll tax for Social Security and Medicare (half of which is paid by the employer, the other half of which is paid by employees), SEI employees don't incur federal payroll tax liability because they're not working for a US-based company.


So....


Congress reported that Halliburton owns 17 subsidiaries in tax haven countries, including 13 in the Cayman Islands, which has no corporate income tax, two in Liechtenstein and two in Panama. An analysis by CitizenWorks.org found a far greater number Halliburton tax havens. The nonprofit public interest group found that, while Dick Cheney was CEO of Halliburton (between 1995 and 2000), the number of Halliburton subsidiaries incorporated in offshore tax havens rose from 9 to 44. CitizenWorks.org also found that the Fortune 500 companies with the most offshore tax havens are dominated by energy firms, including El Paso (#1), AES (#2), Aon (#5), Mirant (#7), Halliburton (#8), and Williams (#14). Controlled foreign corporations and tax havens are the result of decades of corporate lobbying in Washington, DC. It has benefited corporate America tremendously. The tax savings to Halliburton, and the corresponding tax loss to individual American taxpayers, are enormous. Halliburton paid only $15 million of their $80 million in total taxes (or 19 percent) to the U.S. government in 2002. The remaining 81 percent of the company's taxes went to foreign governments. Although Halliburton is an "American" corporation on paper, it is actually a foreign corporation that has no allegiance to the United States.


O.K.
edit on 27-7-2012 by fulllotusqigong because: (no reason given)



posted on Jul, 27 2012 @ 10:22 AM
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Originally posted by usernameconspiracy

Originally posted by CaptChaos

I have never received any type of benefit from the govt, and I do not approve in any way of what they waste the money on. So, I owe them NOTHING.


Unless you live in a bubble, you have most certainly received benefit from others taxes. The first time you step onto a road, you are benefiting from from the government. Without tax revenue from the State and Federal level, that road does not exist for your use. Way to be smug though!


Roads are paid for by gasoline taxes. Nevertheless, they still charge you tolls. Currently, they are helping you out by "privatizing" the highways. That is, selling stuff paid for by YOUR taxes (on gasoline) to private corporations to make profits from it. Besides, I live on a boat, and I have a bicycle. Roads do not do me much good, except for being used to transport food to my area. I pay for that, too.

I resisted the indoctrination in the govt indoctrination centers they call "schools". I gained nothing from it. Everything I know I taught myself after my mom taught me how to read. The "school" had nothing to do with it.

Cops have done nothing for me. A few times when I have been robbed etc. cops were useless. I've gotten nothing but hassles from them. I can protect myself just fine, thanks.

Since the US has never been invaded since 1812, the military protecting me from some boogie man doesn't do me much good. You'd think after the "evil empire" that was after us all for my entire life turned out to be nothing in 1989 people would realize it's all bs, but, oh well. The terrists are after you. Pay up. Wouldn't want nothing to happen to youse, now, would youse? We are here to protect you.

I have never received any kind of free medical care. The Post Office charges money. Email takes care of that, now. I pay for internet access.

Clue me in on even ONE way in which I have smugly benefited from the govt. Go ahead.



posted on Jul, 31 2012 @ 02:01 PM
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Matt Taibbi Explains Wall Street’s "License to Steal," Offshore Tax Havens and Private Equity Firms

Exhaustive Study Finds Global Elite Hiding Up to $32 Trillion in Offshore Accounts


A new report reveals how wealthy individuals and their families have between $21 and $32 trillion of hidden financial assets around the world in what are known as offshore accounts or tax havens. The actual sums could be higher because the study only deals with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts. The inquiry was commissioned by the Tax Justice Network and is being touted as the most comprehensive report ever on the "offshore economy." It also finds that private banks are deeply involved in running offshore havens, with UBS, Credit Suisse and Goldman Sachs handling the most assets. We’re joined by the report’s author, James Henry, a lawyer and former chief economist at McKinsey & Company



posted on Jul, 31 2012 @ 02:21 PM
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reply to post by Dragoon01
 





You completely missed the point. Yes on paper Corporations are "taxed' but since a corporation is not a person


You have completely missed the point as the word person has been statutorily defined by Title 26, Section 7701 as:


(1) Person The term “person” shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.


But wait, there's more! Not only once has the word person been statutorily defined by Congress to include the corporation as a person, but in that same title of the United States Code, for a second time Congress gave us 26 USC § 7343 - Definition of term “person”


The term “person” as used in this chapter includes an officer or employee of a corporation, or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.


But wait, there's more! For extra good measure, Congress in The Uniform Commercial Code Article I provides:


(27) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, public corporation, or any other legal or commercial entity.


In terms of taxation, and a point you have most assuredly missed, corporations are undoubtedly "persons".



posted on Jul, 31 2012 @ 02:41 PM
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reply to post by Jean Paul Zodeaux
 


If a corporation commits a crime who goes to jail?

Does the CEO or CFO?
Obviously it depends on the crime but no police officer comes in and arrests the "corporation"
Individuals will pay the price. Corporations exist on paper and your semantic nonsense will not change the fact that the individuals behind the corporation or investing in the corporation or purchasing form the corporation are the ones who pay the corporations taxes.



posted on Jul, 31 2012 @ 02:49 PM
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reply to post by Dragoon01
 


First of all, you are deflecting rather than acknowledging the very Congress that lay's and collects taxes has also defined person to include corporation. That said:

The Death Penalty for Corporations Comes of Age



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