How Do Multi-Billion Dollar Corporations Avoid Paying Taxes

The following 3 minute video will show you how just 4 of these multi-billion dollar companies get way with not paying their “fair share” of taxes.  And in some cases, they get tax refunds.

Should we be upset with these corporations? Of course!  But we should be outraged at our government for letting them get away with it.

According to Wikipedia:

  • Tax evasion is the illegal evasion of taxes by individuals, corporations and trusts.
  • Tax avoidance is the legal use of tax laws to reduce one’s tax burden.
  • Both tax evasion and avoidance can be viewed as forms of Tax Non-Compliance, as they describe a range of activities that intend to subvert a state’s tax system.
  • When taxpayers try to find loopholes with the intention to pay less tax, even if technically legal, their actions may be against the spirit of the law and in this sense considered non-compliant.

Over $2 trillion in U.S. corporate profits are parked offshore, to avoid paying taxes in the U.S., while law-abiding, taxpaying citizens work hard to pay their “fair share.” What’s the justice in this?

Former Labor Secretary Robert Reich said it best when he said that lost tax revenue has to be made up by you and me and every other taxpayer who can’t afford high-flying attorneys and accountants to shift our income into places with low taxes.”

Instead of paying taxes, they pay lawyers and lobbyists to help them get even more and better tax breaks. If the government starts talking about raising the corporate tax rates, they only complain about how the U.S. has the highest tax rate and then threaten to move their business overseas where the tax rates are more favorable.

How can they be more favorable than zero percent (0%).  I say okay, let them move overseas, but they should be banned from doing business in the U.S. and excluded from participating in any government contracts.

To these multi-billion dollar companies it’s all about profits, and paying less taxes helps them achieve higher profits.

To everyone else it’s all about GREED.

Greedy by samgrittercom

 

Former Republican and a Military Veteran Speaks Out Against the GOP

A former Republican finally saw the obstructionist GOP for what they really are – and calls them out for it…

Re-Posted from Democratic Underground | by Babylonsister

“I am a former Republican and a military veteran.”

<< snip >>

They failed in keeping Obama limited to one term but, even with this loss, the GOP has kept their second promise. They have done absolutely NOTHING to help the struggling American economy nor it’s struggling people in well over six and a half years and we pay them millions in salary and benefits for their inadequacy and lack of work product! The rest of us would have been fired long ago if we produced absolutely zero for those who pay our salaries! It is just remarkable what this president has accomplished, what with the obsessive obstacles purposefully thrown in his path. Imagine what could have been accomplished if those elected, on the Right, actually worked with this president!

Click the link below for the full posting:

http://www.democraticunderground.com/10027011022

 

Pope Francis Criticizes Capitalism

Pope Francis appealed to world leaders on Saturday to seek a new economic model to help the poor, and to shun policies that “sacrifice human lives on the altar of money and profit.”

PopeExcerpts from the Pope’s speech…

Quoting a fourth century bishop, he called the unfettered pursuit of money “the dung of the devil,” and said poor countries should not be reduced to being providers of raw material and cheap labor for developed countries.

He said he supported their efforts to obtain “so elementary and undeniably necessary a right as that of the three “L’s”: land, lodging and labor.”

“Let us not be afraid to say it: we want change, real change, structural change,” the pope said, decrying a system that “has imposed the mentality of profit at any price, with no concern for social exclusion or the destruction of nature.”

“This system is by now intolerable: farm workers find it intolerable, laborers find it intolerable, communities find it intolerable, peoples find it intolerable … The earth itself – our sister, Mother Earth, as Saint Francis would say – also finds it intolerable,” he said in an hour-long speech that was interrupted by applause and cheering dozens of times.

“No actual or established power has the right to deprive peoples of the full exercise of their sovereignty. Whenever they do so, we see the rise of new forms of colonialism which seriously prejudice the possibility of peace and justice,” he said.

“The new colonialism takes on different faces. At times it appears as the anonymous influence of mammon: corporations, loan agencies, certain ‘free trade’ treaties, and the imposition of measures of ‘austerity’ which always tighten the belt of workers and the poor,” he said.

Francis’ previous attacks on capitalism have prompted stiff criticism from politicians and commentators in the United States. Could it be because the United States is at the top of the heap when it comes to extreme capitalism and our worship at the altar of money and profit. The Pope’s visit to the United States in September should be very interesting.

Source:  Reuters

Americans Have Given Up Without a Fight

I continue to be amazed at how Americans have become so apathetic with our political process and democracy in general. America was founded on a constitution that guarantees basic civil/human rights, religious liberty, political rights, independent courts of law, and fair and free elections. A true Government of the people, by the people, for the people. A democracy in which the ultimate power rests with the people and administered by people that are elected to represent them in the day-to-day business of the people’s government.

Our two political parties have always been opponents, but ultimately they would do what was best for the country and the people they represent. Now they are enemies, full of hatred for each other, with their own interests put ahead of the people’s needs. Their loyalty and focus has transitioned from the needs of the people to the demands of their overlords – their financiers.

In the past, those politicians that were “bought and paid for” by those with money, who obviously expected favors in return, were limited to just a few politicians. When exposed, these “bought and paid for” politicians would eventually get voted out of office.

Today, “bought and paid for” is the norm in politics. Not only politicians, but entire political parties, at all levels of government, are “bought and paid for” by ultra-rich billionaires. Even to the point of having their special interest “think tanks” writing the bills for the politicians to submit and pass.

As in the old Medieval Feudal System, these overlords are at the top of the pyramid and demand allegiance from their minions below. Of course, at the bottom of the pyramid rests the peasants and laborers.

A prime example of this was in the news recently. When running for Governor in Louisiana, Bobby Jindal had the backing of Grover Norquist of Americans for Tax Reform (ATR). However, to get Norquist’s backing, Jindal had to vow allegiance to Norquist and his “no tax increase” policy. Governor Jindal has continually insisted that the Louisiana budget be balanced without tax increases, despite the prospect of devastating cuts to higher education and health care. Because of his “no tax increase” allegiance, Louisiana is now suffering. Gone are $800 million from the Medicaid Trust Fund for the Elderly and $450 million for providing development incentives, and the rainy day fund has dropped from $730 million to $460 million on his watch. As Louisiana’s legislature urgently tries to find a solution, the governor has threatened to veto any budget plan or tax bills that does not have his overlord’s, Grover Norquist, blessing.

So the economy and welfare of the State of Louisiana and it’s people are at the mercy of an anti-tax lobbying group, founded by Grover Norquist, a guy that was caught laundering money for Jack Abramofff and whom the New York Times has called “one of the Republican Party’s most influential policy strategists”. Of course, Norquist has his own overlords, the Koch brothers and other big industry giants.

We have sat on our hands while our democracy has slowly transitioned to an oligarchy. We have sat idly by while our basic civil/human rights are under attack and being relinquished, all in the name of security; our religious liberty has been taken over by in-your-face extremists that don’t accept other religions and demand politicians follow religious beliefs when passing laws; our political rights are being taken away from us by our politicians as they pass laws aimed at voter suppression; our fair and free elections are a thing of the past as our elections and representatives are bought and paid for by super rich billionaires; and our independent courts of law, including the Supreme Court, are totally politicized.

One of the primary goals of these ultra-rich overlords is the privatization of government services. In other words, they want to transition services that are currently provided by the government, funded by the people’s taxes, to services provided by for-profit corporations, which are owned by the overlords. The Center for Media and Democracy has called this privatization goal “a hostile takeover of our schools, roads, prisons, drinking water, and even government itself”.

An oligarchy is a form of government in which most of the political power effectively rests with a small segment of society, typically the people who have the most wealth, military strength, ruthlessness or political influence.

I would say this just about fits our current state of affairs, and we got here by giving up without a fight.

koch family and stalin

 

To understand how the Koch brothers have mastered this process, watch the following video on how the Koch brothers are attacking Social Security.

 

Bernie Sanders Exposes Koch Brothers War On Social Security

The anti-government Koch brothers are using their billion$ to wage war on Social Security. They want to destroy Social Security because it’s a huge Federal Government program that is successful. They want to privatize Social Security so they can cash in on it.

It’s hard to understand the big picture on the many ways the Koch brothers are attacking Social Security. The following video by Robert Greenwald and Brave New Foundation exposes their coordinated efforts for attacking Social Security.

The bad news is that Social Security is not their only target. They are anti-government and anti-regulations. All they want to do is make more money. More money so they can buy more politicians, at all levels of government.

This video does a great job of showing how they coordinate their attack on Social Security and other government programs.  This shows the power that the 1% has and how they use it to influence people. This is scary…

 

Bernie Sanders – America’s Candidate

At last we have a candidate that actually “talks the talk” and “walks the walk.” Bernie Sanders is a unique politician in today’s world of politics.

If you are tired of voting for the same old cookie-cutter politician that caters to special interest groups and votes the way their “big donor” overlords want them, then you need to hear what Bernie Sanders has to say.

So take off your political party hat, whether Republican or Democrat, and watch the video below. Be prepared to hear what you have always wanted a presidential candidate to not only say, but does every day in the United States Senate.

Bernie Sanders is the President We Need!

Support Bernie Sanders at https://berniesanders.com/

Bernie Sanders – The Real “People’s Candidate”

Bernie Sanders is the real “people’s candidate.”  He truly cares about the 99% and the future of our country. He is authentic, honest, straightforward, and incorruptible!

bernie sanders - Very Lease we could sayFor more on Bernie Sanders, watch this video-> https://rationalopinionsblog.com/2015/05/31/in-180-seconds-you-will-be-voting-for-bernie-sanders/