2016 Postmortem

Chico Man

(3,001 posts)

62. I'm certain much of GE's tax break is due to investment and reinvestment in their business

Mon Jul 27, 2015, 11:18 AM

Jul 2015

That's the nature of the accounting behind tax breaks (some of which may be investment in staff).Much of the accounting is accomplished via write offs and depreciation.

Take the $1 billion + investment GE made in the Software Center of Excellence in San Ramon. Over 1000 data scientists and engineers have been hired thus far.

You say "The greatest disincentive to hiring is to not make companies"

So, it's the fault of the Government? I'm pretty sure Bernie called them cheats.. Is that really fair?

Edit history

Please sign in to view edit histories.

84 replies

= new reply since forum marked as read

Highlight:

Bernie Sanders: Top 10 Corporate Tax Cheats [View all] FreakinDJ Jul 2015 OP

Holy Crap! 99th_Monkey Jul 2015 #1

Total take is estimated at $225 Billion per year FreakinDJ Jul 2015 #2

and "paid for" to whom, exactly? 99th_Monkey Jul 2015 #5

Yes, name names. Who is voting for this stuff? Corporate funded candidates. sabrina 1 Jul 2015 #10

Like we always like to say on the Left 99th_Monkey Jul 2015 #12

This ^^^^ n/t udbcrzy2 Jul 2015 #20

would love to see which d candidates restorefreedom Jul 2015 #3

Damn Straight. Can we start naming names here? 99th_Monkey Jul 2015 #6

i would ,love to see the research restorefreedom Jul 2015 #9

MEMO to Team Bernie 99th_Monkey Jul 2015 #11

good idea restorefreedom Jul 2015 #35

Beat me to it! 7962 Jul 2015 #66

It's not really cheating because unfortunately it's all legal... JaneyVee Jul 2015 #4

I'm sure they pay taxes in China which they deduct from their US Tax burden FreakinDJ Jul 2015 #7

Of course "it's all legal". But that totally begs some pressing questions ... 99th_Monkey Jul 2015 #8

That was exactly my point... JaneyVee Jul 2015 #25

I should have known better 99th_Monkey Jul 2015 #30

Yes they can afford to "Out Lobbyist the 99%" but is Representative Governance FreakinDJ Jul 2015 #34

They have spent 30+ years making it legal for them to do this type of things. Reagan started jwirr Jul 2015 #39

GE pays huge amounts in taxes?!?!?!? RoccoR5955 Jul 2015 #14

So you're defending GE's tax loop-holes 99th_Monkey Jul 2015 #16

I could be wrong... malokvale77 Jul 2015 #23

I could be wrong too 99th_Monkey Jul 2015 #24

Looks like they were responding to JaneyVee's post #4 beam me up scottie Jul 2015 #36

That's a refreshing change 99th_Monkey Jul 2015 #44

Yes it is. beam me up scottie Jul 2015 #45

No I am not RoccoR5955 Jul 2015 #47

+100 nt 99th_Monkey Jul 2015 #48

+100 malokvale77 Jul 2015 #79

MAke the corporate tax a flat rate 0 deductions and there wouldnt be any of this. 7962 Jul 2015 #68

A flat rate wouldn't do it. RoccoR5955 Jul 2015 #69

Well the current higher rate certainly isnt doing it either. 7962 Jul 2015 #70

Some here don't even bother to pretend anymore. malokvale77 Jul 2015 #22

It's authoritarianism. They think that big money is goodness and will take care of them. Afraid to rhett o rick Jul 2015 #51

Why is that still happening?!!? LeftOfWest Jul 2015 #54

"Why is that still happening?!!?" malokvale77 Jul 2015 #78

This is why $Romnie didn't want to release his Taxes during his campaign FreakinDJ Jul 2015 #28

They get tax subsidies, they don't pay any taxes. Why are you defending these tax cheats? nm rhett o rick Jul 2015 #50

K&R Cleita Jul 2015 #13

Arghhhhh...Grrrrrrrr.... SoapBox Jul 2015 #15

rec & kick MerryBlooms Jul 2015 #17

This is why Bernie matters and they will #FeelTheBern n/t udbcrzy2 Jul 2015 #18

+100 nt 99th_Monkey Jul 2015 #21

k&R azmom Jul 2015 #19

KnR beam me up scottie Jul 2015 #26

K & R !!! WillyT Jul 2015 #27

question about tax refunds KT2000 Jul 2015 #29

They can deduct Foriegn Taxes Paid even if they paid no US taxes FreakinDJ Jul 2015 #31

Thanks for quick reply! KT2000 Jul 2015 #33

I think this was poorly stated, for the reason you gave. The effective tax rates in the negatives DebJ Jul 2015 #74

K & R Unbelievable, corporate tax cheats. Go USA- appalachiablue Jul 2015 #32

Why Settle For The Lesser Of Two Corporate Evils - Go Bernie Go cantbeserious Jul 2015 #37

k&r nt bananas Jul 2015 #38

Kicked and recommended! Enthusiast Jul 2015 #40

And each and every one of these would be just fine Le Taz Hot Jul 2015 #41

^^^ THIS ^^^ FreakinDJ Jul 2015 #42

Big Rec sent me here to kick this. beam me up scottie Jul 2015 #43

I think he forgot to mention the captive insurance industry frazzled Jul 2015 #46

It is complicated and all politicians have a hand, or statement, or votes Sheepshank Jul 2015 #52

Bernie is not in the Vermont state legislature. JDPriestly Jul 2015 #72

K&R. These are the enemies! Ed Suspicious Jul 2015 #49

K&R Scuba Jul 2015 #53

K&R Tommymac Jul 2015 #55

He's the ONLY candidate who is talking about this! PatrickforO Jul 2015 #56

K&R Some labor for the least, some for the most. raouldukelives Jul 2015 #57

K & R! lonestarnot Jul 2015 #58

Misleading figures. Diremoon Jul 2015 #59

I would like to see that info. It would make a stronger argument. I would also like to know what stevenleser Jul 2015 #75

Should GE, Boeing, Verizon, BOA have lay offs? Chico Man Jul 2015 #60

Do you realize that every single dollar paid out in salary is money that is not taxed? Ed Suspicious Jul 2015 #61

I'm certain much of GE's tax break is due to investment and reinvestment in their business Chico Man Jul 2015 #62

Inaccurate research FreakinDJ Jul 2015 #64

? Chico Man Jul 2015 #65

kick ...rec L0oniX Jul 2015 #63

Where's Lockheed Martin? nt MADem Jul 2015 #67

These Large Corporations Are.. StarzGuy Jul 2015 #71

Republican Response below: EndElectoral Jul 2015 #73

Criminal actions of the wealthy ignored. nt WDIM Jul 2015 #76

From Bernie: 6 Ex Actions could stop Corp Loopholes stuffmatters Jul 2015 #77

That deserves a thread of its own FreakinDJ Jul 2015 #80

I agree, that deserves its own thread. beam me up scottie Jul 2015 #81

I received this on April 14 from [email protected]."Act now:close corporate loopholes" stuffmatters Aug 2015 #83

I did a search and found this petition from Tax Day: beam me up scottie Aug 2015 #84

Private prisons claim rent income azmom Jul 2015 #82