Friday February 8, 2013, 6:13 am
Whenever the subject turns to economic fairness, currently skewed beyond recognition by the Republican War on the poor and Middle classes, you can always count on Bernie Sanders to side with the American people against Republican Plutocons, to speak the truth against Republican lies, and to offer solutions that are fair and spot-on.
It ALMOST makes ya feel sorry for the The Caymans. Their primary business is to act as a tax haven for corporations and the wealthy. They can return to the economy of being a tourism site, and not a "hide and seek" for US corporations and the wealthy. They want the benefits of the United States without paying their fair share, allowing the working and what is left of the middle class to bear the brunt of the taxes.
Friday February 8, 2013, 10:04 am
I found this most excellent article on how to raise revenues. Never even thought of this stuff for the most psrt. Some of it does make me cringe as there could be unintentional negetive results around the edges (nothing's perfect), some parts would make some people really REALLY angry, other parts jump out as incredibly doable. as a place to start.
I just don't understand why these things aren't discussed and brought to public attention. Sure there isn't as much "drama" to be gotten out them (well some sure would get it), but they are RIGHT THERE ! Maybe we can start something here ?
Friday February 8, 2013, 12:46 pm
The Repugs want the rich corporations to get richer and not pay their fair share while the most vulnerable - seniors - are expected to have their Medicare, Medicaid and Social Security (HARD EARNED) benefits reduced! How absolutely nuts is this? Thank God for 2 of my favorites - Ed Schultz and Bernie Sanders!
Friday February 8, 2013, 2:27 pm
If Corporations can outsource work, and both Corporations & the individually rich can outsource money..why can't Americans outsource their legislators? Seriously, I want Bernie Sanders to represent me!!!! Freakin' corporate Illinois "reps" are not doing it for me!;)
Friday February 8, 2013, 3:56 pm
There are many problems with Bernie. One is why pay us taxes of business or personal income that is also taxed by the country where the business or income reside? That does not make sense does it? Double taxation is not good is it?
Friday February 8, 2013, 5:36 pm
I posted a video from an interview he did on PBS for those who find his common sense explanations and proposals easier to absorb when they can hear the information. He is spot on when it comes to economic equity.
Friday February 8, 2013, 7:32 pm
Scott: It states in the article that, "…Under the bill, companies would pay U.S. taxes as profits are earned and they would still be able to deduct the value of taxes paid to foreign governments…" That sounds fair to me, considering the status quo.
Here's an excerpt from an article written by a former executive of a large pharmaceutical company. He was all too familiar with how multi-national corporations avoid paying their fair share of taxes:
How Multinational Corporations Avoid Paying Their Taxes
"Drug companies and other multinational companies based in the U.S. systematically avoid paying tax in the U.S. on their profits. The companies elect to realize profits in low-tax countries and because of this the rest of us have to pay billions of unnecessary taxes to make up for the shortfall, writes Peter Rost, an ex-pharmaceutical executive."
The entire article, which is highly informative, can be accessed by clicking on the following link:
Friday February 8, 2013, 8:17 pm
Thanks Tom for the lost. Bernie is the guy to listen to, and kudos to him and Rep. Schakowsky for introducing the Bill. Thanks also to Beverly T. and Susanne R. for sharing the links. Read and noted.
Friday February 8, 2013, 9:35 pm
As usual, Bernie Sanders is spot on! The only reason Boehner might think that this is double taxation is because he is in his cups and is vision is blurry.
As Nameless has pointed out, an American citizen working overseas is still required to pay US income taxes (remember the tech nerd fellow who gave up his US citizenship because he didn't want to pay taxes on his investment when he sold his company last year? — he's no longer a US citizen, but the IRS may yet win). Since corporations are people under the Citizens United decision, then they too should pay US taxes. And as Bernie has stated, any foreign tax paid is a deduction, and rightfully so.