Right Thinking From The Left Coast
Do, or do not. There is no 'try'. - Yoda

Tuesday, February 01, 2011

About those corporations and their politicians

Take a gander over here and read about how being in bed with tax loving demcorats means they tax the competition, but not you.

During his State of the Union address, President Obama said the current tax system is broken. “Those with accountants or lawyers to work the system can end up paying no taxes at all,” he said. “But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change.”

Just how broken is the corporate tax system? Consider the tax rate paid by two of America’s biggest companies — Wal-Mart and General Electric. Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years. General Electric paid just 3.6 cents on the dollar.

Welcome to the mysterious world of the corporate income tax, says tax expert Len Burman at Syracuse University. “There are big companies that consider their tax departments to be profit centers,” he says.

There is nothing mysterious about this. Who did Obama just put in charge of a panel to boost jobs? The guy whose company has done its best the last decade to move as many American manufacturing jobs oversees as it could get away with, but whose company and executives also all donate massive cash to demcorats. Good look with that job creation thingy there Obama.

And let those numbers sink in: GE pays 3.4% and Walmart pays 34%. We all know how the left loves GE – look at the legislation favoring it and ignore the idiots talking about evil corporations – and their hatred of Walmart is so insane that it borders on psychopathic behavior. If you are worried about companies shipping jobs overseas, well all of them except for the ones demcorats seem to like because they donate big that is, you wouldn’t be helping them do so with bigger tax breaks would you? If you really wanted to create jobs here in the US, the breaks would be going to those employing people in the US, right? And yet, we seem to punish those companies that the libs don’t like that do just that.

There’s a pattern here. I will let you guess what it is and which politicians it is that are in bed with the corporate masters. Remember that the next time some idiot tells you that it is the evil politicians and their corporate masters that are screwing us over. Indubitably if they are leftists they will have the political party of the politicians wrong, and they will not be focusing on the real corporate beneficiaries of said party’s legislation.

Posted by AlexinCT on 02/01/11 at 06:40 AM in Deep Thoughts   Left Wing Idiocy   Politics   Law, & Economics  • (0) TrackbacksPermalink
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