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mograyback 
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5481 posts
| Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:46 pm)
Just curious...
How many people were aware that in 2010 GE reported over 5 billion dollars in profit. Paid 0 taxes. And received 3.2 billion in tax benefits. Their 2011 numbers were about the same.
LINK /
(Insert comments about Obama being supported by GE)
The marriage between government and big business is a huge problem.
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junkfunky 
LSU Fan
I can't find my village
Member since Jan 2011
9795 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:47 pm to mograyback)
Ok.
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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
16706 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:47 pm to mograyback)
quote:
The marriage between government and big business is a huge problem.
Right. So get government out of corporation's wallets.
If you think GE should have paid more taxes they would have simply passed down to their customers... your beef is with Obama. Not GE (unless they did something illegal).
This post was edited on 12/3 at 12:49 pm
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HempHead 
Alabama Fan
Appalachia
Member since Mar 2011
10139 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:48 pm to mograyback)
No taxes, no subsidies. Easy.
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Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12794 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:49 pm to mograyback)
Most of the longer-term posters here know this and have made hay of it on many occasions. This is just another example of why tax hikes won't work to generate extra revenues without first streamlining the tax code. It's just another reason why I keep saying that the Dems' desire to raise taxes is just a placebo effect to keep their class warfare battle going.
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Tiger n Miami AU83 
Auburn Fan
Miami
Member since Oct 2007
25106 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:53 pm to mograyback)
quote:
Paid 0 taxes.
Too low. They needed to be given some money. What we need here is lower corporate tax rates! The GOP is brilliant, it may not make sense but it is NEEDED! 
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TrueTiger
LSU Fan
Republic of West Florida
Member since Sep 2004
2486 posts
 Online
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:54 pm to HempHead)
quote:
No taxes, no subsidies. Easy.
Ding Ding Ding,
We have a winner!
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mograyback
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5481 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:55 pm to Taxing Authority)
quote:
.. your beef is with Obama. Not GE (unless they did something illegal).
Jesus.
My beef is with government as a whole not one party.
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mograyback
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5481 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 12:55 pm to HempHead)
quote:
No taxes, no subsidies. Easy.
Yep. That's how it should be... I made this post to highlight a little bit of the hypocrisy on this forum. People complain non stop about lazy people not paying taxes, GE paid no taxes and received corporate welfare.
This post was edited on 12/3 at 1:02 pm
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Zach
LSU Fan
Member since May 2005
55315 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:03 pm to mograyback)
quote:
(Insert comments about Obama being supported by GE) The marriage between government and big business is a huge problem.
You have no idea what you're talking about. You're using moral equivalence instead of logic.
GE= Obama
Chevron = anti-Obama
Both are corporations. Obama helps GE. Obama hurts Chevron. It's called Chicago politics.
I'm sure you have no idea what this means. But eventually you might find out.
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mograyback
Missouri Fan
Red Patoka Sea
Member since Jul 2011
5481 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:05 pm to Zach)
quote:
You have no idea what you're talking about. You're using moral equivalence instead of logic.
GE= Obama
Chevron = anti-Obama
Both are corporations. Obama helps GE. Obama hurts Chevron. It's called Chicago politics.
I'm sure you have no idea what this means. But eventually you might find out.
What??
Easy big boy.
The reason I put that comment in parenthesis is because I foresaw people saying that.. it's not because it's what I think.
I get everything you just said.. take a breather champ.
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wickowick
LSU Fan
Head of Island
Member since Dec 2006
12748 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:11 pm to mograyback)
and how much was spent by GE to get that number to near zero? Lots of man hours by accountants. The big businesses can afford this, the little businesses can not. Lower the tax rate or eliminate it and cut the business overhead. Similar results in the end...
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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
16706 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:39 pm to mograyback)
quote:
My beef is with government as a whole not one party.
Odd. Why don't you blame the leadership in charge? What leadership has Obama provided on changing corporate tax laws? What leadership has Harry Reid provided?
And further why would you "blame" Rebpulicans for taxes being too low? That's their schtick.
If you think GE should pay more taxes you should be mad at the party that claims to be for that... but consistently fails to produce results.
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WildTchoupitoulas
Member since Jan 2010
10631 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:48 pm to Taxing Authority)
quote:
Odd. Why don't you blame the leadership in charge? What leadership has Obama provided on changing corporate tax laws? What leadership has Harry Reid provided?
Now THAT'S "odd".
Why would you just blame the leadership in the Executive Office and the Senate and blatantly leave off the leadership in the House?
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ZereauxSum
LSU Fan
Atlanta, GA
Member since Nov 2008
5706 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 1:48 pm to HempHead)
quote:
No taxes, no subsidies. Easy.
Or no corporate taxes at all.
I like this better.
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Antonio Moss
LSU Fan
Baton Rouge
Member since Mar 2006
25284 posts
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quote:
Why would you just blame the leadership in the Executive Office and the Senate and blatantly leave off the leadership in the House?
Blame them all.
Make the tax code one page long.
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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
16706 posts
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quote:
Why would you just blame the leadership in the Executive Office and the Senate and blatantly leave off the leadership in the House?
What laws have the House successfully passed cutting corporate taxes? None that I know of.
Besides, higher taxes are something they ideologically oppose. Why "blame" them for not passing laws they are opposed for? Makes no sense. You should "blame" the party that you ideologically align with that isn't getting the job done.
But further, given that the WH and Senate wield far more power, why can't they overcome the republicans? I mean... Reagan implemented much of his agenda over a hostile congress. How? He was a strong and persuasive leader.
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WildTchoupitoulas
Member since Jan 2010
10631 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 2:05 pm to Antonio Moss)
quote:
Blame them all.
That's what the other poster said that TA apparently had a problem with:
quote:
My beef is with government as a whole not one party
TA only wants to blame democrats.
Where is Boehner's detailed plan to cut entitlment and defense spending? The world waits in wonder...
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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
16706 posts
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quote:
TA only wants to blame democrats.
Bull shite. Republicans deserve blame for not getting the corporate taxes lower.
But I'm not the one calling for higher taxes. If you want higher taxes... how can you not blame the party that calls for higher taxes but never seems to produce them?
quote:
Where is Boehner's detailed plan to cut entitlment and defense spending?
There's already been a plan to address entitlements. Reid killed it in the Senate. There have been mulitple budgets passed in the House some including defense cuts. Reid killed all of them in the Senate. Show us Obama's plan to cut anything... the world waits in wonder.
This post was edited on 12/3 at 2:12 pm
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WildTchoupitoulas
Member since Jan 2010
10631 posts
| re: Profits, Taxes, and Welfare (Posted on 12/3/12 at 2:15 pm to Taxing Authority)
quote:
What laws have the House successfully passed cutting corporate taxes? None that I know of.
What laws have they passed that would effectively deal with the deficit?
quote:
Besides, higher taxes are something they ideologically oppose. Why "blame" them for not passing laws they are opposed for? Makes no sense.
Then where is their detailed plan to cut spending? Where is the House leadership?
quote:
You should "blame" the party that you ideologically align with that isn't getting the job done.
I have never found a party that Ialigns with me ideologically, that is why I have NEVER been affiliated with any political party. Since day 1 my party affilitation on my voter reg. card has said: n/a.
quote:
But further, given that the WH and Senate wield far more power
Except that they DON'T when it comes to fiscal matters.
quote:
I mean... Reagan implemented much of his agenda over a hostile congress. How?
People seem to forget that the Republicans controlled the Senate for a period during Reagan's tenure.
quote:
He was a strong and persuasive leader.
And here it is.
Republicans seem content to do absolutely NOTHING for SIXTEEN MOTHERfrickING YEARS (!) while the country goes bankrupt as they wait for the Second Coming.
It's ironic to hear Republicans cry about a lack of leadership, when that is the very problem their party has when it comes to either:
Nominating a competant leader for the Executive Office
Deciding that since the other party has poor leadership, taking the leadership roll and getting shite DONE.
How long can you sit back and cry about how the other guys won't tell you what to do effectively enough before you decide that the ramifications are too important, and shite needs to start happening NOW?
You blame the lack of Republican leadership on the lack of Democratic leadership? Nice. No wonder we are where we are.
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