2016 Postmortem

Vinca

(50,267 posts)

76. The big problem is that this kind of thing is perfectly legal.

Tue Apr 12, 2016, 07:52 AM

Apr 2016

That's how campaigns financed by fat cats pays off for them. Get the rules tweaked just enough so people with obscene amounts of money only pay the very least they can get away with in taxes, or, even better, figure out a way for the taxpayers to send them a subsidy.

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The Clintons are using 5 shell companies to save on taxes in Delaware [View all] dana_b Apr 2016 OP

Thank you - K/R 840high Apr 2016 #1

yep! dana_b Apr 2016 #2

Well now we know what the Goldman speeches are about FreakinDJ Apr 2016 #103

shouldn't someone call them out on this? Rosa Luxemburg Apr 2016 #119

Hilbots could care less FreakinDJ Apr 2016 #120

Oh, this can't be good.....speechless! nt 7wo7rees Apr 2016 #3

Earnst & Young helps Disney & Koch Ind. ship money to Luxembourg in a 5-hop process, LT 1% Tax. TheBlackAdder Apr 2016 #55

Hillary spends more on tax evasion the Sanders get paid SoLeftIAmRight Apr 2016 #123

This truth was hidden moment ago Politicalboi Apr 2016 #4

I know dana_b Apr 2016 #6

K&R azmom Apr 2016 #5

And this tells us that she really doesn't intend to do anything The Velveteen Ocelot Apr 2016 #7

This tells us the "Substance" of the Goldman speeches FreakinDJ Apr 2016 #124

No, like you said, nothing illegal about this... MrMickeysMom Apr 2016 #8

I had read this too. northernsouthern Apr 2016 #9

yeah, I hope it will dana_b Apr 2016 #26

DU thinks it's privileged to get enough sleep MisterP Apr 2016 #89

Clinton supporters...? crickets chirping... Surely you have something to say. snowy owl Apr 2016 #10

Waiting for marching orders. morningfog Apr 2016 #33

The mainstream media will ignore this for the most part! Chasstev365 Apr 2016 #11

It's on his tax returns. Not a secret Gomez163 Apr 2016 #12

now tax havens are ok with you guys?! Viva_La_Revolution Apr 2016 #16

What's Bernie hiding? Gomez163 Apr 2016 #49

Obviously nothing that TM99 Apr 2016 #51

1nothing more contriversial than what Hillary is hiding... Bohemianwriter Apr 2016 #53

#releasethetranscripts Viva_La_Revolution Apr 2016 #54

Not a damn thing. In 2014, they made about $215k noiretextatique Apr 2016 #57

A tax haven??? Not quite. nt Jitter65 Apr 2016 #81

Tax haven? Exactly.(duh) New York Times 2012 talks about this exact address used as tax haven. RiverLover Apr 2016 #88

Listen to this shit... MrMickeysMom Apr 2016 #13

#Hillpocricy pinebox Apr 2016 #62

She's a con artist. RiverLover Apr 2016 #66

Though not illegal, here's another example of the Clintons' hypocrisy 2cannan Apr 2016 #105

That's something... MrMickeysMom Apr 2016 #110

That explains the sudden obsession with Bernie's taxes. arcane1 Apr 2016 #14

Wow. This is going to sink their campaign. closeupready Apr 2016 #15

There have been so many other things that should have done that. BillZBubb Apr 2016 #45

"Clinton criticized the "super-rich" who use "outrageous tax havens and loopholes" jmg257 Apr 2016 #17

Only the little people pay taxes. /nt SDjack Apr 2016 #28

We know two of their leaders names as 'Bill' and 'Hillary' nolabels Apr 2016 #93

I see the dam breaking....... bbgrunt Apr 2016 #18

Clintons are tax evaders. Cheese Sandwich Apr 2016 #19

What taxes are they avoiding? radical noodle Apr 2016 #20

This. It shouldn't be hard to figure out. And also, just ask her. closeupready Apr 2016 #23

They would still have to pay the taxes in some way radical noodle Apr 2016 #24

Right, of course, but they claim to be New York residents. closeupready Apr 2016 #29

It appears that one of the main reasons for setting up in Delaware radical noodle Apr 2016 #35

This is precisely where the smoke and mirrors helps obfuscate closeupready Apr 2016 #42

When a business entity is set up in the US radical noodle Apr 2016 #48

State taxes, if you incorporate in CA, for example noiretextatique Apr 2016 #58

She lies all the time and her supporters keep giving her kudos bkkyosemite Apr 2016 #21

Post removed Post removed Apr 2016 #22

Geez that Address is Simply the Address of CT Corp Stallion Apr 2016 #25

Confirmation that Address is Simply CT Corp-a Commercial Registered Agent Stallion Apr 2016 #31

Delaware and Nevada are the easiest states to incorporate in. Buns_of_Fire Apr 2016 #75

I wonder if . . . Meteor Man Apr 2016 #27

Oh my, I thought it was two! ViseGrip Apr 2016 #30

Companion article 2012 NYT,.. jmg257 Apr 2016 #32

^THIS^ bvar22 Apr 2016 #111

They operate their frauds with impunity. Octafish Apr 2016 #115

K & R imagine2015 Apr 2016 #34

Why incorporate in Delaware? It is not for tax avoidance. Your OP is not accurate. it's BS innuendo upaloopa Apr 2016 #36

"Provides a level of anonymity from snoopers" choie Apr 2016 #40

Registered Agents and Registered Addresses Are Public Information in the Secretary of State Offices Stallion Apr 2016 #43

#2's my favorite. Judges instead of juries. No Proles allowed. cherokeeprogressive Apr 2016 #46

Why do you think that all the Major Credit Card scamers bvar22 Apr 2016 #117

There is a thread on reddit with some good info hellofromreddit Apr 2016 #37

Every Attorney in the Country Would Agree With This-Its Humorous this is Causing Such a Hubub Stallion Apr 2016 #47

They do it to avoid paying state taxes noiretextatique Apr 2016 #59

No they don't hack89 Apr 2016 #100

The fish rots from the head.....nt Land of Enchantment Apr 2016 #38

CT Corp is a Commercial Registered Agent Serving Corporations in Every State in the Country Stallion Apr 2016 #39

Biden, Delaware, and the Clintons? SHRED Apr 2016 #41

Their taxes are online radical noodle Apr 2016 #44

Well, yeah, that's how they got the information about the tax-dodging shell companies. RiverLover Apr 2016 #63

What fresh shell is this? Blue Owl Apr 2016 #50

K&R CentralMass Apr 2016 #52

Wow! unbelievable, NOT! amborin Apr 2016 #56

Nope & (no) Change Sky Masterson Apr 2016 #60

"There is nothing illegal about the Clintons' decision to take advantage of Delaware's tax laws." DanTex Apr 2016 #61

Many things that are legal are still of questionable ethics. hobbit709 Apr 2016 #64

Opening a Delaware LLC is not one of them. It's extremely common, it's not some exotic tax DanTex Apr 2016 #68

Nothing illegal, just more Hillary hypocrisy! B Calm Apr 2016 #65

Delaware LLCs are extremely common, there is nothing hypocritical about it. DanTex Apr 2016 #67

See post #13. Its the height of hypocrisy. Is she going to fight against herself? RiverLover Apr 2016 #69

A Delaware LLC is not an "outrageous tax loophole." This is silly. DanTex Apr 2016 #70

Golly, then why didn't they just set up these LLCs in New York or Arkansas? progressoid Apr 2016 #96

Yep. They set it up to evade taxes, the very thing she claims to be running AGAINST. RiverLover Apr 2016 #97

A lot of people incorporate in Delaware. It's not some big secret. You can do it too if you want. DanTex Apr 2016 #104

Do you really believe that? Just because anyone can do it, it's OK? progressoid Apr 2016 #107

Of course I do. It's completely standard practice. DanTex Apr 2016 #108

Well if everybody is doing it, it must be OK. progressoid Apr 2016 #112

How about 401Ks, are you opposed to them too? After all, that's another way that people DanTex Apr 2016 #113

Oooh, nice deflection. progressoid Apr 2016 #114

Actually, it's an analogy. One that you don't want to think about, I guess. DanTex Apr 2016 #116

Or I could just ask my accountant on Thursday. progressoid Apr 2016 #118

LOL!! April 5: "Hillary Clinton Needs a Plan for Tackling Tax Havens" RiverLover Apr 2016 #71

They should have said "embracing" instead of tackling them BernieforPres2016 Apr 2016 #85

That's the address for CT corp, for the legally-impaired. nt msanthrope Apr 2016 #72

You do realize that a Delaware LLC is not a shell corporation? msanthrope Apr 2016 #73

Technically it is a shell corporation. DemocracyDirect Apr 2016 #77

Um, no. this is a painful thread to read.... msanthrope Apr 2016 #82

Oh sorry I thought you were arguing it wasn't a shell. DemocracyDirect Apr 2016 #84

it is it is neither a shell, nor a corporation. nt msanthrope Apr 2016 #92

k&R!!! Katashi_itto Apr 2016 #74

The big problem is that this kind of thing is perfectly legal. Vinca Apr 2016 #76

Starve the beast is their game plan. DemocracyDirect Apr 2016 #78

Its robbing US of resources. Tax evading made legal is still tax evading. Its very republican too. RiverLover Apr 2016 #79

I've always thought of her as half a Republican. Vinca Apr 2016 #80

Very sadly, RiverLover Apr 2016 #86

Yes, let's "make sure that everyone pays their fair share here in America" nt kristopher Apr 2016 #83

I wonder what interesting things we would find on Sanders' tax return Freddie Stubbs Apr 2016 #87

Nothing close to shell companies. Especially when doing business with Phil Gramm. Octafish Apr 2016 #90

Then why won't he release his tax returns? Freddie Stubbs Apr 2016 #106

I work in a Government office in Utah. Almost 10% of all start ups HERE are either NV or DE.... Sheepshank Apr 2016 #91

This message was self-deleted by its author JTFrog Apr 2016 #94

This article describes how Corp Dems & repubs allowed US to become a World Leader in Tax Avoidance RiverLover Apr 2016 #95

...! KoKo Apr 2016 #98

and then they complain that we don't have enough money for social programs dana_b Apr 2016 #99

Exactly....& its Money in Politics. Like almost every issue out there, the root of the problem. RiverLover Apr 2016 #125

Why would you need five? yourpaljoey Apr 2016 #101

just because TheDormouse Apr 2016 #131

A lot in common with Romney FreakinDJ Apr 2016 #102

The perception of wrongdoing is often as damaging is the reality of wrongdoing. Drip, drip, drip. Tierra_y_Libertad Apr 2016 #109

This is only important if your policies differ from Mitt Romney's FreakinDJ Apr 2016 #121

Hypocrisy, thy name is Hillary. TheDormouse Apr 2016 #122

It's hilarious that so many here haven't bothered to read the thread before posting. randome Apr 2016 #126

So it is against some kind of law to invest in a doc03 Apr 2016 #127

They set up a corporation as book authors in a diff state to avoid paying taxes . A TAX CHEAT RiverLover Apr 2016 #128

It isn't cheating to take advantage of legal loopholes to avoid taxes. I doc03 Apr 2016 #129

This message was self-deleted by its author Corruption Inc Apr 2016 #130