Re: Death Certain, But Not Taxes
- From: L G <LarryG@xxxxxxxxx>
- Date: Tue, 01 Mar 2011 19:54:36 -0500
True North wrote:
"try's", dummy? How about "tries"?
"Harryk" wrote in message news:CumdnSEVHuWk4vbQnZ2dnUVZ_gSdnZ2d@xxxxxxxxxxxxxxxx
As April 15 approaches, the following might be of interest:
- BANK OF AMERICA: In 2009, Bank of America didn’t pay a single
penny in federal income taxes, exploiting the tax code so as to avoid
paying its fair share. “Oh, yeah, this happens all the time,” said
Robert Willens, a tax accounting expert interviewed by McClatchy. “If
you go out and try to make money and you don’t do it, why should the
government pay you for your losses?” asked Bob McIntyre of Citizens for
Tax Justice. The same year, the mega-bank’s top executives received pay
“ranging from $6 million to nearly $30 million.”
- BOEING: Despite receiving billions of dollars from the federal
government every single year in taxpayer subsidies from the U.S.
government, Boeing didn’t “pay a dime of U.S. federal corporate income
taxes” between 2008 and 2010.
- CITIGROUP: Citigroup’s deferred income taxes for the third
quarter of 2010 amounted to a grand total of $0.00. At the same time,
Citigroup has continued to pay its staff lavishly. “John Havens, the
head of Citigroup’s investment bank, is expected to be the bank’s
highest paid executive for the second year in a row, with a compensation
package worth $9.5 million.”
- EXXON-MOBIL: The oil giant uses offshore subsidiaries in the
Caribbean to avoid paying taxes in the United States. Although
Exxon-Mobil paid $15 billion in taxes in 2009, not a penny of those
taxes went to the American Treasury. This was the same year that the
company overtook Wal-Mart in the Fortune 500. Meanwhile the total
compensation of Exxon-Mobil’s CEO the same year was over $29,000,000.
- GENERAL ELECTRIC: In 2009, General Electric — the world’s largest
corporation — filed more than 7,000 tax returns and still paid nothing
to U.S. government. They managed to do this by a tax code that
essentially subsidizes companies for losing profits and allows them to
set up tax havens overseas. That same year GE CEO Jeffery Immelt — who
recently scored a spot on a White House economic advisory board —
“earned total compensation of $9.89 million.” In 2002, Immelt displayed
his lack of economic patriotism, saying, “When I am talking to GE
managers, I talk China, China, China, China, China….I am a nut on China.
Outsourcing from China is going to grow to 5 billion.”
- WELLS FARGO: Despite being the fourth largest bank in the
country, Wells Fargo was able to escape paying federal taxes by writing
all of its losses off after its acquisition of Wachovia. Yet in 2009 the
chief executive of Wells Fargo also saw his compensation “more than
double” as he earned “a salary of $5.6 million paid in cash and stock
and stock awards of more than $13 million.”
Unbelievable... then you get idiots in here bitching when a union member try's to earn a living wage.
No wonder America is on a fast track to the dumpster. No one wants to pay taxes... it's an epidemic of personal greed that has overtaken the nation.
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