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Forum Post: A Post Everyone here should love to support.

Posted 1 year ago on March 22, 2013, 2:47 p.m. EST by DKAtoday (26697) from Coon Rapids, MN
This content is user submitted and not an official statement

$1.7 Trillion. Among the Fortune 100 companies alone. That's how much money these US corporations are hiding from Uncle Sam in offshore tax havens.

That's right, these Tax Cheats are making record profits while cutting their American workforces. And now we're cutting hundreds of thousands of critical public sector jobs because they are dodging their taxes.

ENOUGH: Bernie Sanders has just introduced a bill, the Corporate Tax Fairness Act, which would bring an end to the offshore tax haven madness. Join us in helping to get it to a vote.

Thank you for all you do to make this movement real.

Sincerely,

The Other 98% Team

58 Comments

58 Comments


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[-] 4 points by shoozTroll (17632) 1 year ago

I know I do, but I guess we'll see about the rest.

PS, signed

[-] -2 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

Right-ON - this action by the loveable Bernie Sanders should go viral.

[-] 1 points by Middleaged (5140) 1 year ago

Yes, DKA, it sounds like a lot of money, more than has been reporting in the media for the last couple of years. I suppose it could go back to around 1970 when big 3 auto companies started to build factories off-shore.

[-] 1 points by inclusionman (7064) 1 year ago

Occupy taxhaven action (in compliment)

http://interoccupy.net/blog/its-time-to-tackle-the-tax-haven-capital-of-the-world/.

BTW signed of course

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[-] 0 points by jrhirsch (4714) from Sun City, CA 1 year ago

The time is long overdue for the Federal Reserve, the President, and Congress to start making fundamental changes in their economic policies, so that government begins to represent the needs of all Americans, and not just the wealthy and their lobbyists.

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[-] 0 points by GirlFriday (17435) 1 year ago

I love Bernie Sanders. I really do.

[-] -1 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

Me TOO he is an awesome individual.

[+] -5 points by GirlFriday (17435) 1 year ago

It's about the only guy I wish we could clone.

Yes, may we have more Bernie Sanders, please?

[-] 1 points by gsw (2697) 1 year ago

Sanders would be a good president for working people, he may be a bit on in years for it now, a demanding job.

[-] 1 points by GirlFriday (17435) 1 year ago

Yep and I don't think that he wants the job. I suspect that he finds it somewhat limiting.

[+] -4 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

You got that right.

[+] -4 points by elevenT (-99) 1 year ago

Do you embrace his ideology?

[-] -2 points by GirlFriday (17435) 1 year ago

Yes, I do. Is that a problem?

[+] -4 points by elevenT (-99) 1 year ago

He is an admitted socialist. So, if you embrace his ideology, you are a socialist too.

[-] 3 points by BradB (2693) from Washington, DC 1 year ago

elevenT... that's stupid... I LUV Sanders ... and I ain't no anything ... except a Man who thinks as an individual... on my own ... on every separate issue... you should too

[-] 2 points by Kavatz (464) from Edmonton, AB 1 year ago

Yup eleventeen is out to lunch.

[+] -4 points by elevenT (-99) 1 year ago

Is English a second language for you?

[+] -4 points by GirlFriday (17435) 1 year ago

You are asking the wrong question.

The question that you need to ask is, how did I move from a centrist position to here?

The US will always have a mixed economy. You need to keep this in mind.

[+] -4 points by elevenT (-99) 1 year ago

You already answered the question,..........you said you agree with sanders ideology which is socialism. that means you are a socialist.

[-] 6 points by gsw (2697) 1 year ago

You r a fascist corporatist, anti people dim wit

[-] -3 points by elevenT (-99) 1 year ago

Why would you say that I am a corporate fascist and anti people? As for " dim wit",...........that's you all over.

[-] 1 points by gsw (2697) 1 year ago

because one or more philosophers, Ghandi comes to mind, says one is known by their words and actions. thats all, a lucky guess.

if it is an unfair analysis, you may want to consider what you type at ows.org

[-] -2 points by elevenT (-99) 1 year ago

There is nothing that I posted to even suggest that I am a "corporate fascist". You might want to take a reading comprehension course.

[-] 1 points by gsw (2697) 1 year ago

just reading between the lines and trying to clarify the issue, as you seemed to be badgering an ows supporter

Joined March 20, 2013

[-] -3 points by elevenT (-22) 1 day ago He is an admitted socialist. So, if you embrace his ideology, you are a socialist too.

so elevenT you're a socialist now? congratulations.

I don't care for all the labeling and dividing anyway.

[-] -2 points by elevenT (-99) 1 year ago

Asking a question is not badgering unless that person doesnt want to answer the question,THEN " badgering" is brought up to avoid the question. Run away.

[-] 0 points by gsw (2697) 1 year ago

we are concerned with social issues here. corporations and nationalists are not so much.

you could ask are we social justice party, justice party, workers party.

no I don't think GF aligns with any party or ideology

just because one likes Bernie Sanders, who may consider his policies to be democratic socialism, does not mean one is a socialist.

and if you equate Bernie Sanders to Marxist socialism, then that would probably mean you are not for that, hence a corporatist, who thinks all should have the same thought, a fascist.

if the shoe fits.

[-] -3 points by elevenT (-22) 1 day ago He is an admitted socialist. So, if you embrace his ideology, you are a socialist too. ↥twinkle ↧stinkle reply permalink [-] 3 points by BradB (1761) from Washington, DC 21 hours ago elevenT... that's stupid... I LUV Sanders ... and I ain't no anything ... except a Man who thinks as an individual... on my own ... on every separate issue... you should too ↥twinkle ↧stinkle reply permalink [-] 2 points by Kavatz (529) 2 hours ago Yup eleventeen is out to lunch. ↥twinkle ↧stinkle reply permalink [-] -3 points by elevenT (-22) 5 hours ago Is English a second language for you?

sorry if I've offended you. too. it has been a long week.

cheers and nevermind my hasty stereotyping.

woops,... i might be in the stinkled club soon

[-] 0 points by GirlFriday (17435) 1 year ago

Well, thank you.

[-] 2 points by gsw (2697) 1 year ago

You are welcome.

check this out if you haven't looked into it. it is nonpartisan

http://www.cusdi.org/index.html

It is a plan ready to roll... http://www.cusdi.org/state_legislator_package.pdf

[-] 1 points by GirlFriday (17435) 1 year ago

Why wouldn't it be? I mean it is black and white, innit?

If not one than the other?

[-] -1 points by jrhirsch (4714) from Sun City, CA 1 year ago

Because a person agrees with some socialist's policies doesn't mean they agree with all. Public education, police and fire departments, social security, Etc. are all socialist. I would guess even you support some of them unless you send your kids to private school, pay for a private security force, and plan on not cashing your social security checks when you turn 65.

[+] -6 points by elevenT (-99) 1 year ago

girlfriday is a socialist . police and fire depts are not socialist, neither are taxpayer funded schools. as for SS . its not an entitlement , its the money that people have paid into that system and expect to get back when they retire.

[-] 2 points by Middleaged (5140) 1 year ago

Food and Nutrition Service:
Supplemental Nutrition Assistance Program Outlay 2012 = $80,401,000,000 Dollars ... looks like a socialist country to me.

National Institutes of Health Outlays 2012 = $32,781,000,000 dollars ... I don't know much about NIH, but is this where the most Domestic Assistance Programs are made out of, Subsidies. Got to be a lot of Socialism going on there... sure hopefully there is some good research coming out of NIH, but Health and Human Services has the most subsidies.

Actually DHS is like the youngest Department, but it has Subsidies that it manages too.

[-] -3 points by elevenT (-99) 1 year ago

More govt programs,..... waste of money.

[-] 2 points by Middleaged (5140) 1 year ago

It is possible we have a Fascist-Socialism Type Government in which the Government has Married the Big Corporate Interests. There isn't much different between the USA & the UK or Europe these days ... except the USA seems to have Military all over the world, Sell Weapons all over the world, Control Governments all over the world, and we have the Baddest Military in the world and we Use it.

Well, ... and we have had many constitutional rights taken away as they move to put us under International Rules....

[-] -2 points by OTP (-203) from Tampa, FL 1 year ago

Corporate fascism relies strongly on socializing the basics for the poor to keep them from revolting against the system.

[-] 3 points by Middleaged (5140) 1 year ago

You mean Dumbing us Down. Keeping us in the Dark. Feeding us Crap. It is not competition as some believe. There is a principal at stake when politicians keep us dumb, they should know we will get rid of them at some point.

You might be saying something else.... not sure. Teach us that Government is good and nice... that we only go to war for good. That we only threaten other countries to preserve democracy and higher principals. And that all citizens should try to be good and act nice, defer to authority figures, not question authority or motives of our leaders, .... teach us that we have a fair system, that everyone gets to vote for government, that it is the best system, best justice system, and best business and economic system for everyone.... where you can live your dream, the American Dream.

Do we believe all of that today? ... well, I still want to believe it, but it is just that I have been conditioned. All the Accounting Scandals, the Dot com Crash/scandal, Savings & Loan Scandal, Keating Five Scandal, 2008 Financial Crisis, Sub--Prime Mortgage Scandal, AAA Rated junk Derivatives sold to International Friends Scandal.....

[-] 2 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

One would think that if that were the case

[ Corporate fascism relies strongly on socializing the basics for the poor to keep them from revolting against the system.]

That there would be a healthy SS system along with universal health care and universal public higher education etc.

[-] -1 points by OTP (-203) from Tampa, FL 1 year ago

No need to go overboard, right?

They dont want smart people, they want people smart enough to work the machines and dumb enough to keep doing it.

Old people arent really capable of revolting.

Just a couple thoughts.

[-] -3 points by elevenT (-99) 1 year ago

The UN small arms treaty was just defeated in the senate.

[-] 3 points by Middleaged (5140) 1 year ago

And there is the Trans Pacific partnership which continues to get molded in private ... and some think we are headed toward a North American Union of some kind. You have to admit ... with Obama & Bidden ... after the crazy days of Bush Cheney ... This country has been taken over by some kind of coup.

[-] -1 points by elevenT (-99) 1 year ago

Yes it was a coup, staged in nov 2008 fully implemented in nov 2012.

[-] 2 points by Middleaged (5140) 1 year ago

I never saw anyone like Bidden in Real Life before. O is just a typical politician with some wacky plan that he isn't sharing. Put Bidden with Obama, then .....stir in John McCain, Lindsey Graham, and Joseph Lieberman, ....then stir in the NDAA and Bush's patriot Act, .... then add in Rendition, Indefinite detention, torture, ... then add in Lies about WMDs in Iraq and the Policy of First Strike .... then add in the wiping of the constitution on Pelosi's ass and Boehner's ass ....

Well, what do we get? Escape from New York and L.A staring Snake Driscoll.....

You get the Phoenix Program of the Vietnam War ...

[-] -2 points by jrhirsch (4714) from Sun City, CA 1 year ago

S.S. is pay as you go. The money paid in is paid out soon after. The children and grandchildren today indirectly pay for their parent's or Grandparent's S.S. check.

Many colleges and universities participate in the free market for higher education. If we decided to extend free education to all colleges and universities, would that be socialist or would that still be free market capitalism?

[-] -3 points by elevenT (-99) 1 year ago

Public school ( K-12)is not free, its paid for by taxpayers. As for college, , why should it be free?

[-] 3 points by Middleaged (5140) 1 year ago

Congress gets free health care. That is socialism. The military gets free health care that is socialism. Many Veterans get free health care that is socialism.

Central Planning is part of Socialism. Command Economy & Central Planning is part of Socialism... but we think of it as Government Central Planning, Government Command Economy.

Total--Centers for Medicare and Medicaid Services Outlays 2012 = $1,052,799,000,000 Dollars .... Looks like Government Planning to me. These are the most popular US Programs.

Total--Department of Education Outlays 2012 = $97,958,000,000 Dollars, then they cover it up a little with a $40,000,000,000 transaction called Proprietary Receipts from the Public...Looks fishy. This is socialism... and you should see the

Total--Office of Elementary and Secondary Education Outlays 2012 = $28,928,000,000 .... but they aren't suppose to have teachers ... so how do they spend all this money on K-12???

You tell me, but it is socialism...

Office of Special Education and Rehabilitative Services: Special Education Outlays for 2012 = $13,530,000,000 ... well okay, but what are they doing with this kind of money??/

[-] 1 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

It may not be free - but it is likely better coverage - overall - then the majority of private citizens get.

FactCheck.org : Health Care for Members of Congress?

[-] 1 points by Middleaged (5140) 1 year ago

Remember, Congress doesn't follow the ethics rules that Federal Employees follow. They have their own Ethics Committee. And just like congress members have gotten away with Inside Trading and sweetheart Mortgage deals .... they can choose the best doctors as Preferred Providers ... and who is to say they actually pay the Co-pay ... or that they would need the Blue Cross Blue Shield higher Maximum Hospitalization Benefits ... their benefits may magically extend to the money if they have major medical event. And who is to say that Congress doesn't have some fund set up somewhere to magically pay their premiums for them ... sort of a slush fund.

[-] 0 points by DKAtoday (26697) from Coon Rapids, MN 1 year ago

I won't argue the point - they can afford the insurance - either way - and it likely is complete insurance coverage - however it gets paid.

All the more reason to support the post's topic - initiative.

[-] -2 points by elevenT (-99) 1 year ago

I think that EVERYONE should pay for insurance if they want insurance, CONGRESS included. The military should not pay as long as they are serving. Get rid of the EPA, HHS, Dept of Ed, Energy dept.

[-] 3 points by Middleaged (5140) 1 year ago

Well maybe ... but we need Regulations to Run the Exchange markets, our Financial Instruments, our banks, and to moderate the mining and Oil & Gas Exploration. Paul Craig Roberts was just talking about this. deregulation brought us the 2008 Financial Crisis and the Savings & Loan Crisis ... so we can check that box. William K. Black would agree.

Also it is easy to see Austerity in Europe .... and I think we can shift investments in the Federal Budget, and go after the waste and mis-management. Federal Offices and Military Offices don't need to be brand new, don't need luxury furniture, don't all need Teleconfernce Hook ups. Old offices, Shared Administration, Shared Personnel management, Shared Financial Management & Accounting ... share telecommunications... turn back the clock to simpler times of government.

Reagan Invested heavy into the DOD to get GDP Gains while he cut taxes. He ended up raising taxes to get the revenues back up. But the point is the Federal Government is Investing in the DOD today ... and with the Iraq War over ... there needs to be some big cuts. Like more than $100 Million.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

When a private school is paid for by the individual it's a free market system. When public school is paid by the individual members of a community as a group, it's socialism.

Socialism 1. A theory or system of social organization advocating placing the ownership and control of capital, land, and means of production of goods and services in the community as a whole. Cf.

[-] -1 points by Shule (2030) 1 year ago

Here is a tax loop hole for you folks. If you got some real estate, say rental property, and got the tenant to pay it all off for you, i.e. you own the property free and clear. You sell the property on an installment sale, i.e you be the bank and hold the mortgage, and make a substantial capital gain. You can make installment tax payments to the government. So what happens is you first pay taxes on the interest earned off the mortgage. Ok, that is fair and straight forward, but now comes the tricky part. You report the principle payed to you, but the principle you report ( which includes your capital gain) is only used to prorate your depreciation. Your capital gain remains untouched.

Think how much money the big boys are avoiding paying taxes on through this little accounting over site. . . .(and the little fish are not saying nothing 'cause they're saving a few bucks too.)

[-] 2 points by Middleaged (5140) 1 year ago

Do you mean long term capital gain on rental property since the property value has increased ... was just thinking maybe you don't report the gain till you sell the property. I guess I'm not a big time investor or property owner ... so I don't really know.

[-] 1 points by Shule (2030) 1 year ago

Actually any type of capital gain which can be rolled into the principle of an amount owed. The loophole works anytime where one can spread the payments over several years as in a mortgage. It is just a quirk in the calculation. I was in such a situation quite by accident where I could take advantage of it (I sold a house, and had the buyer make monthly payments to me.) I was scratching my head over the tax accountants computations for a long time until it hit finally hit me. I then said "wow" so this is how the big boys do it.

[-] 1 points by Middleaged (5140) 1 year ago

Like a Land Contract... where you own the mortgage, but they have a contract to buy it from you. Normally, if they can't continue the Land Contract for the House, you keep all the rent money and the contract is terminated.

Oh, I see. Depreciation is a tax credit... perhaps only on an investment or a business equipment or business building.

[-] 1 points by Shule (2030) 1 year ago

Yeh, a land contract. Technically (at least in the state I live in) if the borrower misses one payment, he looses the whole thing.

One does eventually have to pay taxes on depreciation. So depreciation is more like a withholding; a temporary tax break that when one sells the property, taxes on whatever was depriciated has to be paid. What one does get away with is not paying any taxes on any capital gains which often is a large, and much larger amount than the depreciation.

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[+] -4 points by 1sealyon (434) 1 year ago

Well, not everyone.

I prefer to support A. Lincoln:

" I can't fault a man for wanting to keep more of his own money."

[-] -3 points by jrhirsch (4714) from Sun City, CA 1 year ago

I can't find that quote by Lincoln on Google. Sure it's legitimate?

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