Faux News weasels out of paying taxes...

christiefan915 said:
The IRS sucks, no question.

My problem is with corporations registering in Delaware if they're not located there, outsourcing jobs, hiding money in off-shore banks, and all the while using this country's resources and people to help make those ginormous profits.

Your argument is that what they're doing is legal. My argument is that using loopholes to avoid responsibility is unethical and dishonest.

There's something wrong with a system that allows this to happen:

"Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion."
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My argument is that it is stupid to tax corporations. It is even more moronic to have a 70,000 page tax code. THOSE are the loopholes the corporations and wealthy individuals are using to get their effective tax rates as low as they can.

It is NOT unethical to act in accordance with the law. If they are violating the law, that is entirely different. But if they are using all of the loopholes and deductions available to them they are acting in the most ETHICAL manner. It is their RESPONSIBILITY to minimize tax liabilities and maximize profits for their shareholders.

If you don't like the loopholes and deductions (which is my position) then you should support the flat tax with standard deduction. Tax code reduced to one page. No more taxing corporations.... because as I pointed out, that is simply a hidden tax on consumers.

Just hit everyone on each source of income in the same manner. Whether it is cap gains, dividends, wages, rental income... whatever. The more complex our tax code, the more evident it is that the politicians are writing in loopholes and deductions for their respective special interest groups and large donors.
 
Superfreak said:
Originally Posted by Superfreak


Originally Posted by christiefan915
So you think all the little guys should make up for the taxes that billion-dollar corporations aren't paying.

Open up your own check book and join the crowd.
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1) A corporation is a collection of paper.

2) A corporation employees individuals and is owned by individuals. The tax should be on the income of the employees and on any gains/dividends by the individuals who own the stock. A corporate tax rate simply is a hidden tax on the consumer.

3) In your example above, it stated that Fox (like many other companies) DEFERRED taxes. It does not state they did not pay them. If they used loopholes/deductions from the tax code to do so, then your problem is not with Fox, but rather with the idiots in DC who have made our tax code in excess of 70,000 pages.

4) If our idiots in DC would stop over spending revenue by $1.7 TRILLION.... that too would lessen the tax burden on the consumer in the long run.
Originally Posted by Taichiliberal

FYI, from a source that is definitely NOT "liberal"...Forbes Magazine:


http://www.forbes.com/2010/04/01/ge-...ate-taxes.html
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Thanks... the article affirms exactly what I just stated.
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Not really, as you essentially state a lot of moot points that doesn't address the core issue of corporations screwing the US out of tax revenue by design....a design sought by and obtained by corporated lobbyist in DC. This nonsense of a corporation as a person is just that...nonsense. But to place all the blame on DC is disingenuous at best, as it takes two to tango.

Your conjecture regarding gov't spending as the PRIMARY cause of the country's fiscal problems belies the facts of the Forbes article I sourced.
 
Superfreak said:
Originally Posted by christiefan915
You'd be thrown in prison!

I know a guy who works for the IRS and he says they really are as bad, if not worse, than we think they are.
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Again.... are they breaking the law? Or are they using the loopholes and deductions available to them in the US tax code?
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Again, how did they come about those loopholes and deductions? The Congressmen and Senators did not act on their own accord....it takes two to tango.

Again, are YOU defending laws and practices that are unjust and unfair to the middle, working and poor class of folk in America when it comest to the tax burden?
 
Taichiliberal said:
Again, how did they come about those loopholes and deductions? The Congressmen and Senators did not act on their own accord....it takes two to tango.

Again, are YOU defending laws and practices that are unjust and unfair to the middle, working and poor class of folk in America when it comest to the tax burden?
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do try to pay attention you ignorant tool.....

I have stated clearly that it is Congress that allows for the loopholes and deductions for corporations/special interest groups/wealthy individuals.

I have stated 100 times that I am for a complete elimination of ALL loopholes and deductions with the ONLY exception being the standard deduction.

If you are not going to pay attention, then perhaps you should remain silent to avoid looking so foolish in the future.
 
Superfreak said:
Originally Posted by Taichiliberal
Again, how did they come about those loopholes and deductions? The Congressmen and Senators did not act on their own accord....it takes two to tango.

Again, are YOU defending laws and practices that are unjust and unfair to the middle, working and poor class of folk in America when it comest to the tax burden?
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do try to pay attention you ignorant tool.....

This is the usual opening bluff of Super Freak-ing neocon tools who essentially just repeat their previous assertions while trying to present them as new information and NOT answer a direct question or admit error on any level. Let's see how this joker fairs:

I have stated clearly that it is Congress that allows for the loopholes and deductions for corporations/special interest groups/wealthy individuals.

No, you mostly blamed Congress while giving a passing acknowledgement to the people lobbying them. I just put a spotlight on this to show the slight distortion in your assertions, as in trying to excuse bad policies by saying, "it's legal".

I have stated 100 times that I am for a complete elimination of ALL loopholes and deductions with the ONLY exception being the standard deduction.

And yet here you are taking odds against what Chrisitie is stating, which by in no means contradicts your alleged convictions stated here.
If you are not going to pay attention, then perhaps you should remain silent to avoid looking so foolish in the future.
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All your Super Freak-ing smoke and bullhorn aside, what then is the point of YOU stating to Christie Again.... are they breaking the law? Or are they using the loopholes and deductions available to them in the US tax code? since essentially you are on the same side as she is regarding this issue (or so you infer)?
 
Taichiliberal said:
All your Super Freak-ing smoke and bullhorn aside, what then is the point of YOU stating to Christie Again.... are they breaking the law? Or are they using the loopholes and deductions available to them in the US tax code? since essentially you are on the same side as she is regarding this issue (or so you infer)?
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Again moron.... the point is... she was trying to paint Fox as 'weaseling out of taxes', when in reality they used existing tax law to DEFER taxes. Nothing illegal, nothing unethical about that. Her OP was designed to attack FOX... period.

I am taking odds with Christie because she is stating things like 'if an individual did that they would be thrown in prison'... etc... which is factually incorrect.

As I said, either pay attention to what is written or try to remain silent.... it will help you avoid looking so ignorant again in the future.
 
Superfreak said:
Again moron.... the point is... she was trying to paint Fox as 'weaseling out of taxes', when in reality they used existing tax law to DEFER taxes. Nothing illegal, nothing unethical about that. Her OP was designed to attack FOX... period.

I am taking odds with Christie because she is stating things like 'if an individual did that they would be thrown in prison'... etc... which is factually incorrect.

As I said, either pay attention to what is written or try to remain silent.... it will help you avoid looking so ignorant again in the future.
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I think they need to be audited!:loveu:
 
christiefan915 said:
...but rtber isn't outraged.

How You End Up Bankrolling Fox News: News Corp. and Rupert Murdoch Weasel Out of Paying Taxes
When giant, prosperous, multinational corporations get out of their tax obligations, ordinary citizens are the ones who are forced to make up the shortfall.
March 21, 2011

A few weeks ago video pimp and propagandist, James O’Keefe, released heavily edited and deliberately deceptive video that purported to expose an institutional bias at National Public Radio. It was quickly debunked and denounced as a fraud by analysts across the political spectrum, including those at Glenn Beck’s web site, The Blaze.

Nevertheless, partisans in Congress and agenda-driven conservatives in the press continue to behave as if the video were legitimate. The House of Representatives, on a party-line vote, passed a resolution to defund NPR -- a purely symbolic gesture as the Senate is not likely to concur...

...However, if the right wants to introduce the issue of federal funding of the media into the public debate, they should be prepared to see their own Fox gored. Fox News has been the beneficiary of government largess for years and it is time stop it and make Fox pay its own way. As far back as 1999, there have been reports documenting how News Corp, Fox’s parent company, exploited loopholes in tax laws that permitted them to avoid levies that all other citizens have to pay. From The Economist:

“…News Corporation and its subsidiaries paid only A$325m ($238m) in corporate taxes worldwide. In the same period, its consolidated pre-tax profits were A$5.4 billion. So News Corporation has paid an effective tax rate of only around 6%. By comparison, Disney, one of the world’s other media empires, paid 31%. Basic corporate-tax rates in Australia, America and Britain, the three main countries in which News Corporation operates, are 36%, 35% and 30% respectively.”

The article goes on to describe how News Corp used a complex network of accounting dodges including as many as 60 shell companies that were incorporated in such tax havens as the Cayman Islands, Bermuda, the Netherlands Antilles and the British Virgin Islands. More recently, an investigation by the New York Times revealed that…

“By taking advantage of a provision in the law that allows expanding companies like Mr. Murdoch’s to defer taxes to future years, the News Corporation paid no federal taxes in two of the last four years, and in the other two it paid only a fraction of what it otherwise would have owed. During that time, Securities and Exchange Commission records show, the News Corporation’s domestic pretax profits topped $9.4 billion.”

http://www.alternet.org/story/15032...paying_taxes?akid=6703.237722.G9Yvt7&rd=1&t=8
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All the tax breaks and credits we have given these fuckwads and they still take their business overseas. which just proves, it doesn't matter what kind of tax breaks we give, they always look to their stock holders instead of having any loyalties to the USA!

I say we take away all tax breaks and they can go fuck themselves!
 
Superfreak said:
Originally Posted by Taichiliberal
All your Super Freak-ing smoke and bullhorn aside, what then is the point of YOU stating to Christie Again.... are they breaking the law? Or are they using the loopholes and deductions available to them in the US tax code? since essentially you are on the same side as she is regarding this issue (or so you infer)?
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Again moron.... the point is... she was trying to paint Fox as 'weaseling out of taxes', when in reality they used existing tax law to DEFER taxes. Nothing illegal, nothing unethical about that. Her OP was designed to attack FOX... period.

Wrong again, my Super Freak-ing neocon toadie, her OP PROVED that when all is said and done, FOX is NOT paying a hefty share of revenue tax..."deferment" nonwithstanding....period.

".....By taking advantage of a provision in the law that allows expanding companies like Mr. Murdoch’s to defer taxes to future years, the News Corporation paid no federal taxes in two of the last four years, and in the other two it paid only a fraction of what it otherwise would have owed. During that time, Securities and Exchange Commission records show, the News Corporation’s domestic pretax profits topped $9.4 billion.”


I am taking odds with Christie because she is stating things like 'if an individual did that they would be thrown in prison'... etc... which is factually incorrect.

Really? Because YOU haven't proved otherwise outside your opinion. Likewise, Christie should factually back her opinion if and when it's challenged.

As I said, either pay attention to what is written or try to remain silent.... it will help you avoid looking so ignorant again in the future.
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And our Super Freak-ing blowhard just essentially repeats his BS and bluster.
 
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Taichiliberal said:
And our Super Freak-ing blowhard just essentially repeats his BS and bluster.
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seriously learn how to use quotes.... "[quote" followed by the "]" starts the quote. "[/quote" followed by the "]" ends the quote. Just makes it easier to reply to your comments. Of course I say this assuming you are intelligent enough to actually comprehend what was just written.

As for your comments.... the only bluster is being done by you. Fox did not 'weasel out of paying taxes' as her title suggests. It followed the US tax code. Fox does not have to 'pay a hefty share of revenue tax' (whatever that is supposed to mean). Fox is obligated to follow the rules set forth in the tax code. If they have violated those rules, then by all means put forth the evidence that they have and I will line up beside you to encourage the government fine the every living hell out of them. If you don't have evidence of violations of the tax code, then shut the fuck up about Fox not paying as much as you want them to pay. Because that is simply you whining.

AS for your
Really? Because YOU haven't proved otherwise outside your opinion. Likewise, Christie should factually back her opinion if and when it's challenged.
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I did back it up. She did not. AS I stated, an individual who used legal loopholes and deductions to reduce their tax liability as much as they could would NOT be thrown in jail. You see, when you follow the rules, you are not thrown in jail for doing so. That is how it works in the US.

Your real problem is actually the same as mine. You don't like the fact that the corporations, special interest groups and wealthy can 'lobby' (aka... bribe) politicians to create these loopholes/deductions. It is the tax code itself you have a problem with.... and rightfully so.
 
Superfreak said:
Originally Posted by Taichiliberal
And our Super Freak-ing blowhard just essentially repeats his BS and bluster.
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seriously learn how to use quotes.... "[quote" followed by the "]" starts the quote. "[/quote" followed by the "]" ends the quote. Just makes it easier to reply to your comments. Of course I say this assuming you are intelligent enough to actually comprehend what was just written.

Seriously, since you can read everything I post and can subsequently respond, you should stop wasting time and space with this Super Freak-ing lame ass whine.

As for your comments.... the only bluster is being done by you. Fox did not 'weasel out of paying taxes' as her title suggests. It followed the US tax code. Fox does not have to 'pay a hefty share of revenue tax' (whatever that is supposed to mean). Fox is obligated to follow the rules set forth in the tax code. If they have violated those rules, then by all means put forth the evidence that they have and I will line up beside you to encourage the government fine the every living hell out of them. If you don't have evidence of violations of the tax code, then shut the fuck up about Fox not paying as much as you want them to pay. Because that is simply you whining.

AS for your

Really? Because YOU haven't proved otherwise outside your opinion. Likewise, Christie should factually back her opinion if and when it's challenged.
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I did back it up. She did not. AS I stated, an individual who used legal loopholes and deductions to reduce their tax liability as much as they could would NOT be thrown in jail. You see, when you follow the rules, you are not thrown in jail for doing so. That is how it works in the US.

Your real problem is actually the same as mine. You don't like the fact that the corporations, special interest groups and wealthy can 'lobby' (aka... bribe) politicians to create these loopholes/deductions. It is the tax code itself you have a problem with.... and rightfully so. But as the chronology of the posts shows, YOU are the one who is trying to debunk the main point of Christie's thread....that Fox is not just following the rules...they are abusing them, and should be held accountable. Your Super Freak-ing lame attempt to damn Fox's actions with feint praise just doesn't cut it here, no matter how many times you state a moot point while trying to ignore ALL the facts. You can't have it both ways, SF.....if you acknowledge corruption and then try to excuse/justify abuse by the same parties involved.
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Seriously, are you that Super Freak-ing Dumb and/or Stubborn that you think ignoring facts put before you and repeating your Super Freak-ing erroneous assertions will magically make you right? Hint: it doesn't. Once more for the Super Freak-ing mentally challenged:

".....By taking advantage of a provision in the law that allows expanding companies like Mr. Murdoch’s to defer taxes to future years, the News Corporation paid no federal taxes in two of the last four years, and in the other two it paid only a fraction of what it otherwise would have owed. During that time, Securities and Exchange Commission records show, the News Corporation’s domestic pretax profits topped $9.4 billion.”

Only a complete willfully ignorant and insipidly stubborn neocon toadie would read the above and then parrot the Super Freak-ing stupid assertions as you've done here, my delusional friend. Either that or you are truly one Super Freak-ing dunce who needs a refresher course in reading comprehension.

So stop being a Super Freak-ing wussy, grow up and be honest: Do you support/defend the abuse/fast and loose playing of the laws by Fox to avoid paying their fare share of taxes?
 
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Taichiliberal said:
Seriously, are you that Super Freak-ing Dumb and/or Stubborn that you think ignoring facts put before you and repeating your Super Freak-ing erroneous assertions will magically make you right? Hint: it doesn't. Once more for the Super Freak-ing mentally challenged:

".....By taking advantage of a provision in the law that allows expanding companies like Mr. Murdoch’s to defer taxes to future years, the News Corporation paid no federal taxes in two of the last four years, and in the other two it paid only a fraction of what it otherwise would have owed. During that time, Securities and Exchange Commission records show, the News Corporation’s domestic pretax profits topped $9.4 billion.”

Only a complete willfully ignorant and insipidly stubborn neocon toadie would read the above and then parrot the Super Freak-ing stupid assertions as you've done here, my delusional friend. Either that or you are truly one Super Freak-ing dunce who needs a refresher course in reading comprehension.

So stop being a Super Freak-ing wussy, grow up and be honest: Do you support/defend the abuse/fast and loose playing of the laws by Fox to avoid paying their fare share of taxes?
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So TCPinhead.....whats your point ? Did they follow the law or not ?...If they did, what the fuck is your beef ?.....If they did follow law...just STFU and give us all a break from your incessant whining....:palm:

Go whine about GE not paying any taxes, the change will do you good ?
You can even mention that WE actually paid them a tax credit...

The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
http://tinyurl.com/6a49m45
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