IRS Loophole

[McQue]

http://www.wthr.com/video?clipId=7054149&topVideoCatNo=103348&autoStart=true

It seems like we take very careful aim when we shoot ourselves in the foot...

 

[bigalpha]

That's uber shitty.

 

[420BlackXJ]

While I agree this is a problem, it is small potatoes compared to the corporate income tax fraud that is being OVERLOOKED by the IRS. Cayman Islands anyone?
It even happens by sheltering taxable income right here in the US. Wyoming anyone? Don't take my word for it, google it yourself.
:wantyou:

 

[Darky]

The US gov't has been putting pressure on off-shore tax havens to provide records to the IRS but thus far they have all refused because they make too much money off of it.

 

[XJEEPER]

While I agree this is a problem, it is small potatoes compared to the corporate income tax fraud that is being OVERLOOKED by the IRS. Cayman Islands anyone?
It even happens by sheltering taxable income right here in the US. Wyoming anyone? Don't take my word for it, google it yourself.
:wantyou:

Speaking of big taters:

DOJ prosecution on corporate fraud is at a 20 year low, despite both Obama and his appointed AG, Eric Holder's commitments to crack down on fraudulent activities by corporations and financial institutions.

Obama stated during a 2009 White House meeting with financial titans: "My administration is the only thing between you and the pitchforks."

As it turned out, his administration effectively would stand between Big Finance and anything like a severe accounting.

To the dismay of many of Obama's supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.


http://www.thedailybeast.com/newsweek/2012/05/06/why-can-t-obama-bring-wall-street-to-justice.html

 

[420BlackXJ]

Good link XJeeper. Sad truth is we are ALL owned by corporate america.
Maybe Obama will get tough in his second term when he has nothing to lose.

 

[Darky]

You mean, maybe he'll live up to his promises from the first campaign in his second term?

But to be honest, I don't like our prospects with either of the two guys likely to get elected.

 

[XJEEPER]

Maybe Obama will get tough in his second term when he has nothing to lose.

Hahahahaha........you used Obama, tough and second term in the same sentence. Well done.

 

[420BlackXJ]

You left out "maybe"

 

[Darky]

Obama will win a second term.

 

[Beezil]

Obama will win a second term.

XXXX obama

 

[AwesomeXJ]

You mean, maybe he'll live up to his promises from the first campaign in his second term?

But to be honest, I don't like our prospects with either of the two guys likely to get elected.

Agree. One wants tighter regulations that will destroy our economy and benefit those who don't deserve it.

The other wants tighter regulations that would rob us of our freedoms for the benefit of corporations and himself.

They are both the same. Romney is a bush clone and Obama is obama. Either way we loose. And neither one will do the right thing.

 

[Beezil]

They are both the same. Romney is a bush clone and Obama is obama. Either way we loose. And neither one will do the right thing.

what is the "right thing"?

problem is, the "right thing" is usually defined with subjective, personal, and emotional attributes.

the "right thing" is not a universally understood, or generally recognized philosophy or political position, and desperately vauge to be sure.

ask a socialist/liberal what the "right thing" means....

ask a religious-right zealot what the "right thing" means....

see if you get anywhere.

the thing we need to get back to as far as the role of government is, is understanding that it only exists to perserve and to execute three basic functions:

protection of the motherland, borders...

protect free trade, economic stability...

settle disputes...

 

[AwesomeXJ]

what is the "right thing"?

problem is, the "right thing" is usually defined with subjective, personal, and emotional attributes.

the "right thing" is not a universally understood, or generally recognized philosophy or political position, and desperately vauge to be sure.

ask a socialist/liberal what the "right thing" means....

ask a religious-right zealot what the "right thing" means....

see if you get anywhere.

the thing we need to get back to as far as the role of government is, is understanding that it only exists to perserve and to execute three basic functions:

protection of the motherland, borders...

protect free trade, economic stability...

settle disputes...

Agreed:thumbup:

 

[XJEEPER]

All problems that our country is currently experiencing could be quickly solved by following the US Constitution.

It's the correct thing to do.

http://dontmesswithtaxes.typepad.co.../2012/03/how-big-is-the-us-tax-code-2012.html

 

[Beezil]

Sad truth is we are ALL owned by corporate america.

good gawd man.

sack up.

you are owned by corporate america?

So you've convinced yourself that you are someone else's bitch, i guess that goes a long way in explaining your liberal-occupier philosophy.

Glad I'm not owned by coroprate america, or anyone else for that matter.

 

[Darky]

XXXX obama

Troll failed. I'm not an Obama fan, just recognizing that the Republican nominee will not be able to beat him and unfortunately we are a two party system and therefore no other party will garner the votes to win either.

 

[Beezil]

Troll failed. I'm not an Obama fan, just recognizing that the Republican nominee will not be able to beat him and unfortunately we are a two party system and therefore no other party will garner the votes to win either.

Not trolling.

Seriously.....XXXX obama

 

[old_man]

Not trolling.

Seriously.....XXXX obama

x1000000

How's that hopey thingy working out for you?

 

[Bent]

Obama will win a second term.

That’s right; you guys have been getting ready and moving things around too; I’ll bet. To be clear; I do NOT know what I just said; do NOT know what I’m talking about; and want to be especially clear about being a conspiracy whack job gone off the deep end. Oh, one more thing: I’m deaf now too, can’t see for squat; and have Tourette syndrome too.



Really; just a nut case.