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Forum Post: Federal Tax Give-Away, 29 Corporations have Negative Income Tax, You are actually Paying these companies from your taxes

Posted 1 year ago on Feb. 19, 2013, 8:34 p.m. EST by Middleaged (5140)
This content is user submitted and not an official statement

Corruption, Conflict of Interest, Influence Peddling, Bribery, RICO Violations.

Federal Tax Give-Away, 29 Corporations have Negative Income Tax, You are actually Paying these companies from your taxes

These guys are made men. These guys are in another Class. The Ruling Class. It should be Illegal to have a negative Tax if you are a Corporation. Just like it should be Illegal to pay Bonuses to Executives (Hush Money) ... After taking Government Bailout Funds.

General Electric
U.S. Profits: $10,460,000,000
Taxes Paid: ‐$4,737,000,000

PG&E Corp.
U.S. Profits: $4,855,000,000
Taxes Paid: ‐$1,027,000,000

Verizon Communications
U.S. Profits: $32,518,000,000
Taxes Paid: ‐$951,000,000

Wells Fargo
U.S. Profits: $49,370,000,000
Taxes Paid: ‐$681,000,000

American Electric Power
U.S. Profits: $5,899,000,000
Taxes Paid: ‐$545,000,000

Pepco Holdings
U.S. Profits: $882,000,000
Taxes Paid: ‐$508,000,000

Computer Sciences
U.S. Profits: $1,666,000,000
Taxes Paid: ‐$305,000,000

CenterPoint Energy
U.S. Profits: $1,931,000,000
Taxes Paid: ‐$284,000,000

NiSource
U.S. Profits: $1,385,000,000
Taxes Paid: ‐$227,000,000

Duke Energy
U.S. Profits: $5,475,000,000
Taxes Paid: ‐$216,000,000

Boeing
U.S. Profits: $9,735,000,000
Taxes Paid: ‐$178,000,000

NextEra Energy
U.S. Profits: $6,403,000,000
Taxes Paid: ‐$139,000,000

Consolidated Edison
U.S. Profits: $4,263,000,000
Taxes Paid: ‐$127,000,000

Paccar
U.S. Profits: $365,000,000
Taxes Paid: ‐$112,000,000

Integrys Energy Group
U.S. Profits: $818,000,000
Taxes Paid: ‐$92,000,000

Wisconsin Energy
U.S. Profits: $1,725,000,000
Taxes Paid: ‐$85,000,000

DuPont
U.S. Profits: $2,124,000,000
Taxes Paid: ‐$72,000,000

Baxter International
U.S. Profits: $926,000,000
Taxes Paid: ‐$66,000,000

Tenet Healthcare
U.S. Profits: $415,000,000
Taxes Paid: ‐$48,000,000

Ryder System
U.S. Profits: $627,000,000
Taxes Paid: ‐$46,000,000

El Paso
U.S. Profits: $4,105,000,000
Taxes Paid: ‐$41,000,000

Honeywell International
U.S. Profits: $4,903,000,000
Taxes Paid: ‐$34,000,000

CMS Energy
U.S. Profits: $1,292,000,000
Taxes Paid: ‐$29,000,000

Con-­way
U.S. Profits: $286,000,000
Taxes Paid: ‐$26,000,000

Navistar International
U.S. Profits: $896,000,000
Taxes Paid: ‐$18,000,000

DTE Energy
U.S. Profits: $2,551,000,000
Taxes Paid: ‐$17,000,000

Interpublic Group
U.S. Profits: $571,000,000
Taxes Paid: ‐$15,000,000

Mattel
U.S. Profits: $1,020,000,000
Taxes Paid: ‐$9,000,000

Corning
U.S. Profits: $1,977,000,000
Taxes Paid: ‐$4,000,000

FedEx
U.S. Profits: $4,247,000,000
Taxes Paid: $37,000,000 (a rate of less than 1%)

Total
U.S. Profits: $163,691,000,000
Taxes Paid: ‐$10,602,000,000

Just look at that combined total again.

Those 30 companies had combined profits of more than 163 billion dollars during those three years, and yet the combined net tax liability of those companies was negative 10.6 billion dollars.

Facebook $1.1 billion in U.S. profits in 2012,
will receive net tax refunds totaling $429 million.

Economic Collapse Is the Source of this Article... click to read the whole thing

http://publicampaign.org/sites/default/files/ReportTaxDodgerLobbyingDec6.pdf

http://theeconomiccollapseblog.com/archives/abolish-the-income-tax-you-wont-believe-who-is-getting-away-with-paying-zero-taxes-while-the-middle-class-gets-hammered (Economic Collapse Is the Source of this Article... click to read the whole thing)

64 Comments

64 Comments


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[-] 3 points by Middleaged (5140) 1 year ago

Here is a man with Soul, Immortal Technique. He has been in trouble, been in Jail. But he is commited to the Truth. And he is comminted to his kids. He is Educated. He seems like a contemporary of Cornel West.... A Christian with critical thinking who looks deeper into the US History and the things we are told.

Real SOTU video Immortal Technique 1:30:00 Minutes on Alex Jones. Tech is his name. Tech knows World History, Knows the USA, and our Government.

http://www.youtube.com/watch?v=9hUPdkxsOV8&list=UUvsye7V9psc-APX6wV1twLg

[-] 1 points by bensdad (8977) 1 year ago

It seems to me, we have a few options -

stop buying anything from these companies

pass a law to raise taxes so this dodge is impossible

change the law so corporations cannot contribute to politicians

elect more politicians who want to fix this - like
...(Rick Nolan, Bernie Sanders, Alan Grayson, Elizabeth Warren)


or am I still talking to the people think D=R & voting is no solution
and the above four are just like the koch / alec tools:
...(louis gomert, eric cantor, michelle bachmann, paul ryan, rand paul)

[-] 2 points by Middleaged (5140) 1 year ago

Those are fine. I look at the details and see many, many things that can be corrected.

1) Harry Reid has a Bill to cut out Corporate Tax Loopholes.
2) I suggest passing an Anti-Secrecy Act, since 9-11 commission was a cover-up, There were no WMDs in Iraq, MLK was targeted by at least 2 federal agencies, the Warren Commission was a cover-up, the Killing of Osama Bin Laddin was a media event that had no place in reality, all 9-11 terrorist have been kept out of public Interviews, Whistleblowers are charged with treason, there are 25 reasons to investigate 9-11, the 2008 Financial Crisis was covered up & Bankers given waivers, and no one in Leadership in the USA has lost their jobs over the biggest scandals since Watergate.

http://edvan.fadeout.ch/v2/?customerId=30&channelId=189&broadcastId=1380

3) Sue Corporations as possible when they use Non-Disclosure agreements in settlements on the basis of "Illegal Acts" and "Crimes Commited" to get Justice.
4) Sue Corporations under Bank Secrecy Act or patriot Act as possible.
5) Sue for Willful Negligence in allowing financial crimes to take place (both Regulators & Corporate heads and Corporations) .... attempt to break out government officials and name them in Lawsuits based on the Scope of Financial Crimes and Conspiracies ... especially in the case of LIBOR & Money Laundering.
6) Press for enforcement of FOIA Access in a timely manner, press for transparence in all government, pass on stories of true conspiracies in crimes against humans that have never been resolved in our history or investigated to hold people accountable ... whether biological warfare against natives, infecting people with diseases in our country to help drug companies or run government programs... CIA Regime changes .... Sterilization of women without their consent....
7) Demand people resign and get fired ... in the hope that not only is it the right action, but that this will break up cronies and .. produce whistleblower books and interviews.
8) Break up Too Big Too fail
9) Overturn Citizens united
10) Get money out of Government
11) Prohibit & Enforce & Make Public statements that close relationships between regulators & officals with Big bankers is Prohibited and leads to corruption, collusion, conspiracies, and favoritism toward bankers and people with funding or jobs to offer
12) Talk about Business Ethics, Disclose the Problems in Federal Government and the influence on tax loopholes and regulations.
13) Address the problem of lost tax revenues and Payroll taxes due to Off Shore Production and Off Shore incorporation. Admit that we give tax breaks & Subsidies to corporations and they turn around and shaft the workers, shaft the government revenues, put greater strain on social programs, probably put strain on school funding, reduce the number of pensions (loss of 84,000 pensions since 1980), and create a generation of lost retirements/lost 401K programs.

[-] 1 points by Perfectcast2 (7) 1 year ago

I got a refund of $17000 but I paid $150000 down on the principle of a loan. There are very detailed accounting rules to govern this.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

The US 2011 deficit was $1,089 billion

These subsidies account for 11 billion

[-] 2 points by Middleaged (5140) 1 year ago

True we are boiling frogs, and all our systems are corrupted with sloppy free spending habits... it all adds up one line at a time. The 2012 or 2013 Federal Budgets are like $3.5 Trillion Dollars Total.

Did you see David Cay Johnston's Book, Red Ink, 2012. He talks about the corporate trick of changing phone and utility bills to Separate Lines and Separate Charges. He points out that by creating separate lines the discounts we should have gotten when the Internet, Fiber Optic Cables, and Cell Phones ... never materialized. Phone Bills for House phones never came down. You can see 3 lines on Mediacom for Internet service as well.

The only way to Manage a Large Budget is to be Ridged and Tough to keep the Costs from Escalating. Hey the Iraq War is over, and we are still spending over $600 Billion in DOD, when in 1999 the DOD budget was like $300 Billion. Oh, now they say Afghanistan is costing more than Iraq. And Don Rumsfeld's Estimate of the Iraq War was only $50 Billion.

Today we think the Wars will cost $2 Trillion Minimum with Rebuilding costs, and Repairing War Equipment, plus $1 Trillion for Veterans Benefits till veterans dies.

Our leaders have Doubled our US Federal Budget in 10 years - this is Runaway, Escalating Costs. This is the kind of spending that should put some Congressmen or Senators in Jail for Felony Stupidity.

And there are many Problems that are Felony Stupidity that only OWS and Alterative Media will talk about. And all of those Problems will make us poorer every year, and cost us more money every year in taxes.

[-] 1 points by Middleaged (5140) 1 year ago
  1. Recovery for the rich, recession for the rest.

Economic recovery is in rather limited supply, it seems. Research by economist Emmanuel Saez shows that the top 1 percent has enjoyed income growth of over 11 percent since the official end of the recession. The other 99 percent hasn’t fared so well, seeing a 0.4 percent decline in income.

The top 10 percent of earners hauled in 46.5 percent of all income in 2011, the highest proportion since 1917 – and that doesn’t even include money earned from investments. The wealthy have benefitted from favorable tax status and the rise in stock prices, while the rest have been hit with a continuing unemployment crisis that has kept wages down. Saez believes this trend will continue in 2013.

http://www.informationclearinghouse.info/article34011.htm

Economic Facts That Will Make Your Head Spin

By Lynn Stuart Parramore

February 19, 2013 "Information Clearing House" -

[-] 0 points by Stormcrow2 (-184) 1 year ago

What about all those "green energy companies" that Obama funded and failed - surely another 3 or 4 hundred billion there - don't ya think?

[-] 1 points by Middleaged (5140) 1 year ago

I think bankers knew that the Chinese Subsidies of Solar panels was a risk. Program Adminstration should always demand slow growth in funding to validate the Business model and validate the cost.

I'm not sure if executive today go into business today thinking how to get the capital and put it into their own Pensions, Retirements, Bonuses, and wages... Probably they do. And you know that LBOs drive up the Debt, then pay huge dividends to shareholders or bond holders before they bankrupt the company.

Alternative Energy should start grass roots... probably try to get students involved in finding and testing materials. First phase is not energy production but research & testing, second phase is small production, third phase should find cost cutting through better sources of materials... on and on ... forth phase should consider other locations for lower shipping costs, transmitting cost, lower taxes, .... If you want to develop a Utility Probably many locations starting in small phases planning 5 phases to get to full size. By the fifth expansion phase ... new cheaper materials and maintenance techniques will guide decisions on replacing older Solar, wind, hydraulic Power Units.

Solar Power Panels for Consumers is a different business. But starting slow and finding a great idea is better than Big Government Loans paid without validating the costs and viability of a commercial program (Private Project).

Yes, Blame the Top for Solindra and the other failed projects. I don't know why the Energy Department made such big loans in such a short time. Probably it was Lobbying System of the USA.

The Lobbying of the Federal Government is an Industry. It is corruption and rent Seeking behavior. http://www.investopedia.com/terms/r/rentseeking.asp

Both Parties are Guilty of Supporting Lobbying and the Influence of Money on the Federal Government. This is the Status Quo. A bad thing.

The Key to Corruption in the USA is Money. get money out of government ... and look at all gifts too....

1) Free Plane Rides
2) Free Dinner
3) Free Conference attendance entry
4) Free overnight Hotel or accommodations
5) Free Luggage or handouts
6) Special Mortgages or Loans
7) Insider Trading Information
8) Selecting Broker Accounts to get the Winning Stock Market Bets (this is how Politicians all got Rich, the losing bets went to Tax Write offs, winning bets were assigned to politicians for favors later)

[-] 0 points by inclusionman (7064) 1 year ago
[-] 2 points by Middleaged (5140) 1 year ago

Thanks, I'll pass it on.

[-] 0 points by inclusionman (7064) 1 year ago

This has to be a high priority for Occupy

http://www.care2.com/causes/hey-corporations-its-time-to-stop-avoiding-taxes.html

In compliment, and a bump up for this important post.

[-] 3 points by Middleaged (5140) 1 year ago

Thanks. This article doesn't have enough bite to it. I suspect the problem is much larger than we know ... did the chart show $20 Trillion Pounds Offshore? Well I guess it did. That is larger than I have seen before and I will have to go back to look at that. Last year we were talking in the Presidential election about $70 Billion or less Offshore in US Corporations waiting off shore for a bank holiday/Tax holiday.

I was going to add that there must be at least 20 Off shore tax havens ... I've been researching for like 2 years places to live overseas ... and came across quiet a big on banking off shore. I'm still not well informed though. I know it is not easy to hide your money off shore with all the US Pressure on overseas banks. There a few places I know where we can set up a company bank account for just our personal money for fees less than $1000 dollars. But the US banking system would probably know how much money you put in as ... no one wants to make the US Pressure their bank.

Anyway the wealthy people and corporations have a big advantage tax wise no matter where the put their money.

The topic is very important and worthwhile spending more time on or dedicating yourself to it.

$20 Trillion Pounds Off Shore is incredible.

[-] 1 points by inclusionman (7064) 1 year ago

Yes, more detail, and depth would be approriate.

Good luck in you search.

[-] 0 points by DSamms (-294) 1 year ago

Duke Energy refuses to pay about one-half of its county property taxes now due and is suing the county over its assessment. It's not legal to withhold taxes due and the county will fight the suit, but it will take a good long while. In the meantime the county budget is in chaos and property taxes will be going up for the rest of us (Duke is the single largest property owner in this rural county by several orders of magnitude).

This is the fiscal reality of a multi-billion dollar corporation, whose decision makers live beyond the jurisdiction of the county, refusing to obey the law.

Moreover, Duke customers also get to pay, to the tune of several billion dollars, not only for a now defunct nuclear power plant (workers broke it, literally), but its planned replacement as well -- not the stockholders who will make the profit. Duke also stands to receive an $850M payout from insurance over the plant. But none of those monies will be used to pay county taxes, nor reduce the amount Duke customers (both in county and out) must pay for the defunct plant and its replacement.

Public risk, private profit.

[-] 2 points by Middleaged (5140) 1 year ago

Wow, makes the Case for Breaking up All Large Corporations. It is just a game to the executives. They want higher salaries and bonuses. So they do any and everything to meet the Mission, Goals & Objectives of the Corporation. It is not Nuclear science.

We have to Get the FTC and Federal Courts to uphold Anti-Trust Legislation. We need to Fire the head of the FTC.

FTC Commissioners
Jon Leibowitz, Chairman
Commissioner J. Thomas Rosch
Commissioner Edith Ramirez
Commissioner Julie Brill
Commissioner Maureen K. Ohlhausen

In compliance with the Inspector General Act Amendments of 1988 (5 U.S.C. app.), the Office of Inspector General (OIG) was established in 1989, as an independent and objective organization within the FTC.

[-] 0 points by Shayneh (-482) 1 year ago

Well there's only one way to stop that - boycott!

[-] 1 points by Middleaged (5140) 1 year ago

Well, my energy company is on this list. Got a monopoly.

[-] 0 points by Shayneh (-482) 1 year ago

Well you can install "solar panels" - if they are providing your electriciey, and generate enough power for them to give you a check every week.

[-] 1 points by Middleaged (5140) 1 year ago

That is smart. That is a good point. I have huge trees and get little direct sun on my roof or yard. But you are thinking clear. It should work for a lot of people.

I looked at some energy production a long time ago just surfing the net ... maybe 12 years ago. I found some real good laws in Wisconsin and Minnesota for wind generated power. I think Minnesota was the best. Farmers got tax breaks for allowing wind turbines to be placed on their land. And there were a bunch of taxes that were waived ... there was an energy production tax, energy sales tax, and waiver on capital equipment purchase tax. Seemed like you have to be careful of the taxes, but maybe you could avoid some if you knew the possible taxes in advance.

[-] -1 points by Kavatz (464) from Edmonton, AB 1 year ago

Said it before and I'll say it again... Just fuct.

[-] -2 points by Einsatzgruppen1 (-56) 1 year ago

So why doesn't Obama do anything about this?

[-] 1 points by repubsRtheprob (1209) 1 year ago

Even at the state level corps get a free ride. (after threatening to move out.)

Just one:

http://articles.chicagotribune.com/2013-02-17/business/ct-biz-0217-tax-incentives--20130217_1_tax-credits-tax-filings-income-tax

[-] 1 points by Middleaged (5140) 1 year ago

He's in on it. So is Eric Holder, Tim Giethner, Joe Biden, Hillary Clinton, Mary Schipiro, Hank Greunberg, Boener, Reid, Pelozi, most of Congress, All of the Lobbyist, All the TBTF Bankers, All the Tax Lawyers, All of the IRS, and all of the US Wealthy.

[-] 2 points by Middleaged (5140) 1 year ago

Damn tax abatements & Subsidies & Tax Loopholes... and at least a few people think Oil Futures Traders ran up the price of Oil on purpose as a joke or something ... and the price never came back down really.

renewable fuel probably does help reduce demand for Gas & Oil ... as such it is probably a target for strategies by Big Oil Interests.

If you were big Oil Insiders would you pay some good Financial Managers, CFOs, CEO, or Whiz-bang smart guys to go work for Solar Energy Manufacturing or supply companies .... to increase their debt levels to drive the companies into the Ground. Seems like we have seen like 3 big Solar companies go bankrupt ... seems they were over leveraged.

Now if you or I were executives in an Alternative Energy company ... don't you think we would totally be focused on Debt that could destroy the company?

I feel that is paranoid talk ... but Dem Big Oil Boys Don't Play no games now.... They have strategies and they operate like the military. IMHO

[-] 1 points by inclusionman (7064) 1 year ago

I would not be surprised, the scheme would have to be related to the price drop on solar cause that is what killed the solar corps.

[-] 2 points by Middleaged (5140) 1 year ago

Yeah, I don't know much about it. I guess the Chinese Subsidies Producers under cut the global price even after shipping costs to the USA? Anyway, Executives and their Financial Managers might have been able to predict the situation on collapsing prices.... The big banks after all have refused to invest in US Small businesses since they have Off shored all production and reduced all Trade Barriors.....

Solar Panel and Solar Production Equipment should have been protected and a Sensitive or Critical Future Industry.

As I understand it... People that invested in Green production in Wind or Solar are soon bought out by the Big Energy Corporations who take over and make their own portfolio of energy look partly Green. But they have also just bought out the competition.

[-] 1 points by inclusionman (7064) 1 year ago

I've seen a it of that also. Part the price drop is related to the increased efficiency of solar tech.

In the end even the powerful fossil fuel industry can't stop the inevitable transition to renewable industries.

[-] 2 points by Middleaged (5140) 1 year ago

you said Our guys don't even resign & even get rewarded with bonuses, raises, and a pat on the back for their efforts.

Who does that remind you of?

All I can think of is an Empire, A King, Lords, or fascists, ... oh it is also like the corrupt USSR.

[-] 2 points by inclusionman (7064) 1 year ago

Corp governance has failed! That's why they get away with these obscenities.

http://www.truth-out.org/news/item/15780-corporate-governance-and-ceo-pay-the-cesspool-at-the-top

[-] 1 points by Middleaged (5140) 1 year ago

I forwarded this to someone. Found a good quote that lays open Simpson-Bowles and ... they are behind the Chained CPI as well as Budget Suggestions.

To impose this sort of check on CEO pay, the Center for Economic and Policy Research, together with the Huffington Post, will be starting Director Watch. Director Watch is designed to highlight the abuses of corporate directors like Erskine Bowles. Bowles has pocketed millions as a board member of companies like Morgan Stanley, that would have collapsed without a government bailout and General Motors, which did collapse.

Bowles and his fellow board members feel that they can stuff their own pockets, while allowing top management to do the same, because no one is watching. While Director Watch will not directly prevent the sort of theft that characterizes the behavior at the top echelons of U.S. corporations, it will highlight the identity of the people responsible.

The point of Director Watch is let everyone know that the Erskine Bowles of the world are not decent honorable types who warrant public respect, but rather key accomplices in the corruption at the top of corporate America. With Director Watch, someone will be watching.

Copyright, Truthout. May not be reprinted without permission of the author.

[-] 1 points by inclusionman (7064) 1 year ago

Obscene.

I hope I live long enough to see fucks get theres

[-] 1 points by inclusionman (7064) 1 year ago

It has been repeated acroos history with every group that achieves absolute power.

The oligarchs pledged to defeat the FDR/Union progress in the40's, and they began 1st with destroying American Communists in the 50's, then socialists 60's, unionsin 70's, middleclass in the 80's w/ outsourcing, low taxes for wealthy, weak regs, Now they have blown up the debt in a last ditch effort to destroy Social Security, Medicare, ACA.

They have gotten absolute power over the peoples govt through these efforts, and so they have minimized their individual liability with weak regs, or by buying off prosecution.

Much work lies ahead of us,& we face the most powerful evil force against the 99% in my memory.

[-] 1 points by Middleaged (5140) 1 year ago

Yes, they filled all the secretary offices, intelligence offices, the Supreme Court Offices, and the regulatory agency heads ... with their own people. Everyone knows money is what makes things work. Each agencies needs to build his empire with more people and more money to ensure success. And the US States need funding in 50 different ways too. And so the bankers got into the treasury and OMB, and GAO, and OCC, and FDIC, and FNMA, FDMC.

They got the Director of FBI, Mueller
They got the Director of DOJ
They got the SOTUS
They got Biden
Seems like the got the Ways & Means Committees of congress
Congressional Finance Committee
And most of Congress
They had the CIA all along

Strategic Placement or Regulatory Capture?

And they sure got Europe to buy all that AAA Rated Junk. You would think that bankrupting Europe would be cause to fight or start a war....

[-] 1 points by inclusionman (7064) 1 year ago

Except that Europes bankers did ok just fine as well.

Insidious

[-] 2 points by Middleaged (5140) 1 year ago

Politicians won't take responsibility for anything today.... In fact they had what they are doing, hide the Systemic Risk, and ... really are dumbing down everyone of us in a disrespectful way.

They only respect being embarrassed.

They only respect being caught lying, hiding the truth, and taking money.

For instance they are responsible for Free Trade ... if the Chinese are subsidizing the Solar Industry ... then there should be tit for tat in either Tariffs or subsidies for this Critical Industry.

[-] 1 points by DKAtoday (26307) from Coon Rapids, MN 1 year ago

Level playing field at the very least - support domestic industry ( on shore ).

[-] 3 points by Middleaged (5140) 1 year ago

That is it. Equality with global competition ... we can't compete with child labor or slave labor.... Congress should fly out of the country and investigate where our Textiles and phones are being made.

But Congress doesn't take responsibility ... They feel they should just "Take" Patriarchy.

[-] 2 points by DKAtoday (26307) from Coon Rapids, MN 1 year ago

Oh - they also would likely get the guided tour - that does not approach the slums where the sweatshops are located. Just a rousing tour of a model neighborhood.

[-] 1 points by DKAtoday (26307) from Coon Rapids, MN 1 year ago

I thought it was - take for granted. Or something irresponsible like that. Might have been take Bribes.

[-] 2 points by Middleaged (5140) 1 year ago

Yup,.... We do take it for granted that congress will do common sense things and vote for common sense solutions.

Actually we have to hand fee these guys ... spoon feed congress what we demand they do.... my soap box.

[-] 1 points by inclusionman (7064) 1 year ago

Dante would be impressed.

http://www.nationofchange.org/looking-cheats-corporate-tax-filings-descent-circles-hell-1366031527

FYI, in compliment, bump up, & all that shit.

[-] 2 points by Middleaged (5140) 1 year ago

Well there might be a Real Schism in US Politics if "True Believers" in our older, richer, more powerful, generations of Americans finally figure out how their futures are being muscled down by Oligarchs.

The Successful Propaganda of WWI & WWII created these True Believers. And seems in the 1960s these older people got rich and established political contacts. They know their banker. They know their community. Maybe their are pockets of safe communities in the Mid-west, in the South, in Texas in Oregon or Washington State.

The people that got Rich from the Middle Class after WWII or after the Korean War ... hold a kind of power in their numbers. IF they could just see how corrupt the USA has become, how Social Program Cuts will affect them and change their American Dream.

http://occupywallst.org/forum/us-bipartisan-panel-us-war-crimes-excessive-secrec/

•Lauren McCauley, staff writer

https://www.commondreams.org/headline/2013/04/16-5

http://www.constitutionproject.org/

https://www.nytimes.com/2013/04/16/world/us-practiced-torture-after-9-11-nonpartisan-review-concludes.html?pagewanted=all

http://www.democracynow.org/2013/4/17/after_obama_shuns_probe_bipartisan_panel

http://hotair.com/headlines/archives/2013/04/16/nonpartisan-review-yes-the-u-s-engaged-in-torture-after-911/

http://beforeitsnews.com/politics/2013/04/u-s-engaged-in-torture-after-911-review-concludes-2510138.html

[-] 1 points by inclusionman (7064) 1 year ago

We definitely have to reach the "comfortable" population who may believe they aren't at risk. We must convince them that they ARE at risk, that their children are more at risk, and that they should care about those who are struggling.

If they are convinced that "we're in this together" , rather than living like "we're on our own" there is hope.

Otherwise, we cannot make change.

[-] 2 points by Middleaged (5140) 1 year ago

Light at the end of the tunnel (Not Chunnel)

Constitution Project Report on Detainee Treatment Concludes U.S. Engaged in Torture

By Ritika Singh Tuesday, April 16, 2013 at 1:15 PM

The Constitution Project has released the results of its Task Force on Detainee Treatment in the form of this 577-page report—which concludes that “it is indisputable that the United States engaged in the practice of torture” and that “the nation’s highest officials bear some responsibility for allowing and contributing to the spread of torture.” http://detaineetaskforce.org/report/ (577 page report, indicates there should be an investigation and probably indictments of Top US Officials including Bush & Obama)


Invasions begin.

http://october2011.org/blogs/kevin-zeese/light-brigaders-vs-tax-evaders-invasion-begins

[-] 1 points by inclusionman (6493) 2 days ago

We need strong regulations and strict sentences for individuals who engage in this theft, and betrayal of the public trust,

[-] 1 points by inclusionman (7064) 1 year ago

Torture sucks. The cover up/lack of prosecution profoundly disappointing but expected.

Pressure on ALL pols to pursue charges against govt officials.

[-] 1 points by Middleaged (5140) 1 year ago

Moral Hazard. Executives are not going to be charged with anything and their careers won't be harmed. So there is no "Down" side to fraud, cooking the books, creating shell companies, leaving money off shore, incorporating off shore.... and they are free to perform transactions off balance sheet and outside of GAAP Rules.

As the articles points out "Circles of Duplicity and Disdain".

Even if the Corporation takes heat or is caught the fine is only 1% - 2% of the revenues that could be channeled to private off shore bank accounts.

Since 2001, there is no downside for Banks or Big Corporations to prevent them from gaming the system, lobbying for their narrative in Washington, ... and to prevent them from committing outright Fraud in the Corporate Taxes.

[-] 1 points by inclusionman (7064) 1 year ago

We need strong regulations and strict sentences for individuals who engage in this theft, and betrayal of the public trust,

In China execs frequently kill themselves in humiliation, when they are caught for these crimes, knowing they will likely be put to death. Our guys don't even resign & even get rewarded with bonuses, raises, and a pat on the back for their efforts.

Our culture in that regard has to change radically.

[-] 1 points by DKAtoday (26307) from Coon Rapids, MN 1 year ago

A good soap box. Because the People DO ABSOLUTELY have to get involved and lead/direct government.

[-] 1 points by inclusionman (7064) 1 year ago

Agitate ALL pols to make corps pay their fair share of taxes.

https://secure2.convio.net/nwlc/site/Advocacy?pagename=homepage&page=UserAction&id=741

Please sign

[-] 0 points by inclusionman (7064) 1 year ago

We certainly should transfer all fossil fuel subsidies to renewables and them some. For environmental reasons of course but for economic reasons as well, time to make an effort to keep keep cheap products shipped from the other side of the world (better for environ, & worker rights as well) out of our market.

It's just common sense not really protectionism.

[-] 0 points by Einsatzgruppen1 (-56) 1 year ago

You are somewhat right.