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  • #4
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    Stuff likes this makes my blood boil. I think taxes are too high myself but I pay them because I have to. If I didn't I would have my assets seized and probably serve some time in jail. Yet, the very affluent hire lawyers to establish tax havens overseas to avoid paying taxes. I think it's just another form of treason and they should be punished severely.
  • #10
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    I actually voted you up on this one. Yes taxes are too high for working class people and this is why right here. This is a form of treason.
  • #47
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    I agree with you 100% but i also think it is wrong for people who live on welfare to get get a tax return when they paid nothing in. Abuse, no matter where should be stopped.
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  • #14
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    This is crazy - a corporation is a "person" that can enjoy free speech rights by donating as much money as it cares to for political campaigns but can equally easily avoid paying the income taxes real meat persons cannot avoid. I'm of the opinion ("gee, you have opinions, DARSB"? "Why yes, I do!") that we need a "No Representation Without Taxation" movement.
  • #23
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    Just who created all these tax loopholes? It was the Senate and the House and no, it was NOT exclusively Republicans. These are the very people who give very large donations to Democrats as well as Republicans. All of our politicians have been taking very good care of their big donors for a very long time. So go ahead and make enough noise that those politicians pretend to fix the situation. Unless we get rid of all of them, nothing will change.
  • #36
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    If only there was enough room on my 1040 form to explain why I don't have to pay taxes.

    Step 1 - invent/patent something.
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    Step 2 - Claim that the owner of the patent is my other self in Ireland, McSelf. McSelf is owed royalties equal to my income (sorry IRS, I didn't make any money because McSelf took it all).
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    Step 3 - McSelf is managed by my alter ego in the Netherlands, Ned.
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    Step 4 - Ned funnels the profits through my Carribean law firm and bank in the Cayman
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    Step 5 - I order drinks and snorkeling lessons in the Caymans while all you suckers are buried in 2 feet of snow, Ha!

    Not sure if I can get all that on my Schedule D, but if Google can do it, why can't I?
  • #43
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    I think you need to hire an official alcoholic beverage taster to ensure your drinks are served at the proper temperature. I have extensive experience in the adult libation department.
  • #9
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    Alright people... it's time for a tax revolt!!! An economic tax revolt!!! Quit buying crap... and quit paying taxes!!! Save your cash, buy silver... trade silver... save silver!
  • #7
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    When people speak of 'corporate welfare', this is what they mean.

    Why is it that Republicans are happy to cut money going to poor people, but are blind to this?

    Doesn't it make you wonder whose side they are really on?
  • #21
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    I am a Republican and am outraged by this!!! However, I am still outraged at the amount of entitlement fraud also... They are both an outrage.
  • #25
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    @mimi57 You'd need to have entitlement fraud for 100 years to get into these kinds of dollars.
  • #33
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    @AceLuby That may be true, and it is unbelievable how they can get away with
    it...however, until you see the amount of people who claim 'poverty', but are capable of working and the various types of benefits they get, it also does not
    help the economy. My friend who also works as social worker, just shakes her
    head and says "and we wonder why this country is in the shape it's in". I agree,
    2.5 trillion $ is staggering, but it is not fair to accuse Reps. for being mean or petty
    for condemning welfare fraud that is also staggering, as the amount of them is
    growing by the day.
  • #38
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    @mimi57 Actually, you aren't being fair. Welfare fraud costs as much as individual million dollar per year income earners who pay zero tax. Sure, there are fewer of them, but they have the same drain on society.
  • #44
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    @AceLuby I think I am being fair...this country will soon be paying out more than it's taking in...Of course big business should pay taxes, but the vast amount of those who continue to have more baby's to get more government money is a drain on the economy. I am on the side of the working people who try to do things
    the right way, only to get 'scammed' by those who choose to do it the wrong way,
    or can not control themselves from having one baby after another expecting the
    taxpayers to pay for them!
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  • #1
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    A few misleading points. The TARP loans were mostly paid off and the US government made ~$22 billion off the loans to the banks. The parts which cost us money were the FM and GM bailouts. Also the $2.5 trillion was not "given" to City Bank.

    P.S. Why not ask why GM is not paying taxes after their last few record profit years?
  • #5
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    I don't care if they got NO money from the Feds. They should pay taxes like citizens have to do. There goes your theory about "The USA taxes corporations higher than any nation in the world.". There is NOTHING lower than ZERO. And we paid them money back for ZERO. A monkey could see what's wrong with this picture.
  • #11
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    @jessejaymes we did not pay them money back, they received low interest loans. I am merely pointing out that we did not give the banks free TARP money or loans, and the US government made money on both. I am also wondering why they used the low interest loan number (which is not a lax rebate) instead of City Bank’s tax liability (which they did for the other banks). I am thinking that if the bank needed a $2.5 trillion in loans that they didn’t make that much of a profit.

    P.S. A few large, international, mega corps does not make up all of US companies. Most US companies are small businesses which pay some of the highest taxes in the world, especially when you add in local, state, and federal taxes.
  • #15
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    @Yank It's people like you who are causing the destruction of the middle class while the rich get richer by doing nothing more than stealing from the working class. You are an enabler to the destruction of the middle class. You ARE the enemy.
  • #19
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    @Yank Rwal big Flaw in your thinking. They made a hell of a profit in order to pay off 2 5 trillion in such short time frame
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  • #30
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    I agree this is ridiculous for a corporation not to pay some from of federal income tax. However, these corporations are basically an "individual" and are able to take advantage of tax loopholes available to them. Is it morally right? No. Is it legal? Yes. I would venture to say if we had the same ability and capital to take advantage of these loopholes, we would in a heartbeat...

    We may say this is treasonous for not paying, but I believe it is treasonous for the Federal government to tax me on my income...
  • #58
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    Thanks for speaking the truth, and that truth is anyone on this board would do the EXACT SAME THING given the opportunity. There's an old saying, "Don't hate the player, hate the game."
  • #6
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    They are part of the problem but you I would like to know what politicians have ties through stocks to these companies, and have recieved election campaign funds. They didn't pay but got millions back? How is that possible? That is wrong!!!!
  • #13
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    Thanxs for paying your fair Share....the GoP on the other hand says Thanxs for helping making us Rich.
  • #112
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    A flat tax across the board with some tax breaks! For companys expanding,adding jobs,clen engry,going gree buildings and donating money to goverment programs like education,natural resource and clean energy!
  • #105
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    i want a flat tax were ever one pays the same percentage no rebate no loop holes also any thing that can be done by private secort should be
  • #103
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    Hell yeah it's both the Democrats and the republicans. Dems hate the banks Republicans hate the Gov't acting like a bank, but their both one and the same
  • #95
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    All this whining. Corporations don't pay taxes they collect them from individuals and pass them along to the government. If you don't understand this you need to learn some basic economics.
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