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Mon Jan 28, 2013, 12:56 PM

Here’s something for the tax-paying ‘Mericans to keep in mind when sequestration hits in 32 days



http://underthemountainbunker.com/2013/01/28/a-nation-of-malingerers-from-welfare-queens-to-disabled-deadbeats/

19 replies, 2198 views

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Arrow 19 replies Author Time Post
Reply Here’s something for the tax-paying ‘Mericans to keep in mind when sequestration hits in 32 days (Original post)
kpete Jan 2013 OP
liberal N proud Jan 2013 #1
bigapple1963 Jan 2013 #2
Ashy Larry Jan 2013 #3
Wednesdays Jan 2013 #4
jeff47 Jan 2013 #7
bigapple1963 Jan 2013 #8
jeff47 Jan 2013 #9
bigapple1963 Jan 2013 #14
jeff47 Jan 2013 #16
Orrex Jan 2013 #17
bigapple1963 Jan 2013 #18
Orrex Jan 2013 #19
Smilo Jan 2013 #5
blackspade Jan 2013 #6
Smilo Jan 2013 #10
NutmegYankee Jan 2013 #11
okaawhatever Jan 2013 #12
hfojvt Jan 2013 #13
Orrex Jan 2013 #15

Response to kpete (Original post)

Mon Jan 28, 2013, 01:00 PM

1. Send that to everyone you know who complains about welfare queens

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Response to kpete (Original post)

Mon Jan 28, 2013, 01:07 PM

2. I'm confused

 

Does this mean Exxon does not pay any federal taxes? I think the guy on food stamps pays little or no federal taxes.

Or is this something like mortgage interest deductions where companies can shield some revenue?

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Response to bigapple1963 (Reply #2)

Mon Jan 28, 2013, 02:03 PM

4. I weep for poor, poor Exxon



Wahh... Will they never catch a break?

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Response to bigapple1963 (Reply #2)

Mon Jan 28, 2013, 03:39 PM

7. Not only do they not pay federal taxes, they get large subsidies. (nt)

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Response to jeff47 (Reply #7)

Mon Jan 28, 2013, 04:06 PM

8. wow

 

what kind of subsidies?

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Response to bigapple1963 (Reply #8)

Mon Jan 28, 2013, 04:13 PM

9. Never heard of oil subsidies, huh? (nt)

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Response to jeff47 (Reply #9)

Mon Jan 28, 2013, 04:30 PM

14. are these

 

"oil subsidies" direct cash subsidies or tax credits?

Cash subsidies: direct transfer of cash.

Tax credits: you still pay taxes, but just less.


I'm trying to figure out whether these subsidies are more like food stamps (as in the cartoon) or like mortgage interest deductions (tax shields).

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Response to bigapple1963 (Reply #14)

Mon Jan 28, 2013, 05:31 PM

16. They're both.

There's an awful lot of them, many with positive intentions (such as home heating oil assistance).

Net result is cash going from the feds to the oil companies.

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Response to Orrex (Reply #17)

Mon Jan 28, 2013, 06:24 PM

18. your article

 

basically says that these are tax breaks (which only work if you have taxes to pay), which are not what the poster above claimed (direct cash subsidies, zero federal taxes).

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Response to bigapple1963 (Reply #18)

Mon Jan 28, 2013, 07:41 PM

19. Your definition of subsidy is at odds with reality

A break on taxes owed is a direct cash subsidy. A tax break for taxes paid by a select and small constituency is a direct cash subsidy.

You apparently want to define "subsidy" as a literal wheelbarrow of actual cash actually rolled up to the corporate headquarters and dumped on the CEO's desk. That's a foolishly narrow and culpably short-sighted definition.

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Response to kpete (Original post)

Mon Jan 28, 2013, 02:50 PM

5. Hubby and I were talking about this last night

We came to the conclusion that the rightwing would like nothing better than to re-introduce debtors' prisons and the poorhouses.

To them the Victorian era was one to admire. The old Scrooge and Marley are to be glorified.

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Response to Smilo (Reply #5)

Mon Jan 28, 2013, 03:24 PM

6. They have them now.

They are called private for-profit prisons.

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Response to blackspade (Reply #6)

Mon Jan 28, 2013, 04:16 PM

10. True enough there

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Response to blackspade (Reply #6)

Mon Jan 28, 2013, 04:19 PM

11. Companies are using the Court system to get people to pay debts.

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Response to kpete (Original post)

Mon Jan 28, 2013, 04:21 PM

12. I think we need to start calling oil subsidies oil stamps. Help neo cons get the picture. great pic

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Response to kpete (Original post)

Mon Jan 28, 2013, 04:24 PM

13. 32 days?

But I thought the fiscal cliff deal masterfully p3wned the Republicans on sequestration.

Aren't we gonna celebrate another huge victory in 32 days?

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Response to kpete (Original post)

Mon Jan 28, 2013, 04:58 PM

15. k/r

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