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Which means that, instead of paying money to the government, the government gives THEM money, despite the fact that they are more profitable than ever. This is Robin Hood in reverse - Steal from the poor and give to the rich.
There are welfare queens in America, and they are the super rich, who receive the lion's share of welfare payments. Dare to take the red pill, and read this report on Verizon. Whether you are Liberal, Conservative, or Libertarian, this report should make your blood boil. No, we are not being turned into batteries..... yet, but we are nevertheless beset by parasites, who are sucking our blood, with the help of Democrats and Republicans who don't give two ****s for We the People. It is time for a third party.
Article is here.
when profitable corporations pay negative income tax, cuts have to come from somewhere. typically, it's programs designed to help people out of poverty. so yes, it IS stealing from the poor.
So let me get this straight. Verizon seeks to do what the 99% also do:
1. Pay as little tax, legally, as they can
Who exactly can give *all of us* any sort of tax break? Government. So what you have is an argument against government power....not verizon, not a corporations, not a profitable company, etc. Can be fixed with a flat(ter) tax by the way!
And it's interesting, listening to NPR this morning you have Obama and liberals proclaiming that government should subsidize the renewable energy industry (competing with private..thanks guys for cheating!). But that's exactly what state/local government do with verizon, they suibsidize them via tax breaks, because they want what verizon brings. Jobs and money. Why the title that piece "jobs first" or whatever, that's a crock of ****. They are subsidzed because those states want those jobs there, lol. Jobs first indeed!
Some liberals want the fantasy of competitive renewables. But even more people want jobs and income. If you're going give government that much power, you can't then pick and choose personally where you think it's best spent, because the PEOPLE are choosing. Those state/locals are elected representatives or appointed as such. You reap what you sow. Give government all that tax and spend power, give them the ability to pick and choose winners and losers, and don't come crying to me when you lose.
Limit government power like the libertarians suggest, and you'll go a long way to fixing that. It's about GOVERNMENT, not verizon.
Let me start with Mach's point. Yes, many who complain about what Verizon is doing will become the biggest cheerleader for entities they agree with to do the very same thing.
I do not have a large problem with corporations not paying taxes as these are simply passed along to consumers to pay, the corporations do not pay them. I understand the arguement from those who say that someone like Verizon uses the infrastructure so they should pay taxes. I'm good with either arguement within reason here.
The problem is that Verizon (or anyone) should NEVER get tax benefits that allow them to see tax payer money come in.
Which means that, instead of paying money to the government, the government gives THEM money, despite the fact that they are more profitable than ever. This is Robin Hood in reverse - Steal from the poor and give to the rich.
There are welfare queens in America, and they are the super rich, who receive the lion's share of welfare payments. Dare to take the red pill, and read this report on Verizon. Whether you are Liberal, Conservative, or Libertarian, this report should make your blood boil. No, we are not being turned into batteries..... yet, but we are nevertheless beset by parasites, who are sucking our blood, with the help of Democrats and Republicans who don't give two ****s for We the People. It is time for a third party.
Article is here.
I would probably agree with you in the majority of cases. But who is at fault when they do? Not the corporations, that's for sure.
Yes, that it's the politicians allowing this is 100% correct. Indeed simply blaming corporations epecially while still supporting them (I wonder how many Verizon phones OWSers hold?) and not blaming politicians will accomplish nothing.
It's about GOVERNMENT, not verizon.
Actually, this situation is very much about BOTH. I realize that the "I hate government " crowd refuses to take a careful look at examples such as Verizon but would rather use it to indict government as an institution instead. But what need to happen here is to use this very real example as a template to fix a system gone wrong.
A company making these sort of billion dollar profits should indeed pay its taxes. Our government badly needs to look at tax breaks and loophole and incentives and get rid of them when they produce such a ridiculous situation as this.
And we as the People badly need to look at those in government who are more than willing to provide this sort of preferential treatment to government in return for whatever they are getting in return.
The first way to deal with this problem is the same for corporations and the general public.... STOP THE GOVERNMENT FROM SPENDING MONEY ON UNCONSTITUTIONAL PROGRAMS..... like Welfare (corporate or personal), Medicare, HUD, Education, Environment, etc.....
So let me get this straight. Verizon seeks to do what the 99% also do:
1. Pay as little tax, legally, as they can
Who exactly can give *all of us* any sort of tax break? Government. So what you have is an argument against government power....not verizon, not a corporations, not a profitable company, etc. Can be fixed with a flat(ter) tax by the way!
And it's interesting, listening to NPR this morning you have Obama and liberals proclaiming that government should subsidize the renewable energy industry (competing with private..thanks guys for cheating!). But that's exactly what state/local government do with verizon, they suibsidize them via tax breaks, because they want what verizon brings. Jobs and money. Why the title that piece "jobs first" or whatever, that's a crock of ****. They are subsidzed because those states want those jobs there, lol. Jobs first indeed!
Some liberals want the fantasy of competitive renewables. But even more people want jobs and income. If you're going give government that much power, you can't then pick and choose personally where you think it's best spent, because the PEOPLE are choosing. Those state/locals are elected representatives or appointed as such. You reap what you sow. Give government all that tax and spend power, give them the ability to pick and choose winners and losers, and don't come crying to me when you lose.
Limit government power like the libertarians suggest, and you'll go a long way to fixing that. It's about GOVERNMENT, not verizon.
What the hell, you seriously don't realize that many of these companies have bought and paid for a tax code that benefits them most?
On top of these aggressive tax avoidance maneuvers, Verizon and its subsidiary VerizonWireless have
frequently received economic development subsidies from state and local governments when opening
new facilities. The companies also often challenge the assessed value of their facilities in order to lower
property tax payments.
What the hell? That's not what he's saying. These corporations are acting legally. If they weren't, they'd be audited, assessed and fined for their failure to follow the rules. Blame Congress.
\
I know it isn't half as much fun as blaming everyone else...hell, we'd be pretty much speechless...but it's Congress who's to blame. No.one.else.
Exactly. Corporations to blame? No. Blame Congress if you don't like corporate welfare. Amazing people need to be continually reminded of this.
Heres a quote from the OP's article:
It seems we may have a wolf in sheeps clothing among the flock. (Or perhaps a donkey in elephant's clothing). I will reserve judgement because I couldn't stomach to read the whole article. Maybe toward the end the writer evened things out by being honest about the way the tax system works. But I doubt it. To keep from ranting too much, I'll just make a couple of quick factual points:
1) Property tax assessments are based on the Fair Market Value of the property. If the value changes, the taxable amount changes. If you believe the FMV on your property tax statement is inaccurate, you dispute it. Whether you are homeowner making 20k a year- or a big company like Verizon. Anyone who would fault Verizon for disputing their property tax values is not worth debating with.
[2) It has become customary for the tax code to be a means to encourage people and businesses to to things that the government thinks are good things: like purchasing a home for the first time, or investing in low energy appliances. Or hiring unemployed people. You can't fault businesses who make full use of the tax system for the betterment of their company, as long as they stay within the law. If you don't like it, support a consumption tax insteand of this complicated system.
As far as stealing from the poor and giving to the rich? How, exactly?
That is kinda naive. What Shewof is saying is that Congress is already bought by Corp America.
What the hell? That's not what he's saying. These corporations are acting legally. If they weren't, they'd be audited, assessed and fined for their failure to follow the rules. Blame Congress.
\
I know it isn't half as much fun as blaming everyone else...hell, we'd be pretty much speechless...but it's Congress who's to blame. No.one.else.
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