Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

“It's always darkest 'fore dawn”

Since: Jul 08

When's dawn?

#870716 Mar 8, 2013
John Galt wrote:
<quoted text>
The subject was loopholes and subsidies for shipping jobs overseas.
Name them.
"On paper, the U.S. has one of the highest corporate tax rates in the world. But in practice, corporations pay far less. The Government Accountability Office (PDF) estimated the average tax burden at 25.2 percent, and some of the largest corporations, such as General Electric and Wells Fargo, pay no taxes at all. This is possible because the tax code is riddled with exceptions and loopholes, created at the behest of lobbyists and exploited by teams of tax experts, many of whom used to work for the IRS and the Treasury. With the help of Citizens for Tax Justice, The Daily Beast rounded up some of the most egregious corporate tax loopholes.

Deferral of Overseas Income

Multinational companies don’t have to pay U.S. income taxes on overseas profits until they transfer them back home. But in reality, companies just leave their profits in overseas tax havens, deferring taxes indefinitely. Not only that, an accounting scheme known as “transfer pricing” allows companies to move profits from the U.S. to offshore havens so they’re counted as overseas earnings. For example a pharmaceutical company could sell a drug patent to a subsidiary in the Cayman Islands for a nominal fee, then have the subsidiary charge the parent company huge licensing fees. The company can then deduct the licensing fees from its taxable income in the U.S. and send the profits to its foreign subsidiary, where taxes can be indefinitely deferred. Some 83 percent of top 100 publicly traded companies had tax-haven units in 2009, according to the GAO. General Electric, Google, Pfizer, and many other companies use this technique. The federal government loses an estimated (PDF)$100 billion a year through offshore tax abuses.

Deductions for Shipping Jobs Overseas

At first glance it doesn’t seem particularly egregious that corporations can deduct moving expenses, but that changes when the break is applied to companies moving operations overseas. President Obama proposed ending this exemption for companies moving overseas while giving a credit to companies moving back to the U.S."

There's more but I know you never honestly read a link or anything else you don't like...BTW, maybe you'd better not wait until you have an "ailment" to avoid the appearance of health care, or not.

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John Galt

Temecula, CA

#870717 Mar 8, 2013
leosnana wrote:
<quoted text>You're self-insured? No UCS requirements or deductibles for you?(I tend to believe Nucular; you're obviously not working and old enough to be on Medicare.) Where did you get your ideas of waiting in line at a moldy government clinic.
Whether Galt pays the premiums or is self-insured, it is still Galt's dollar. Relatively high deductibles make economic sense, particularly for those who rarely have medical expenses.

No freakin idea what "UCS" is.

The future of US medicine is long lines at moldy government clinics.

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The Slayer

Findlay, OH

#870718 Mar 8, 2013
leosnana wrote:
<quoted text>We are going to "loose" and "repear" the losses, huh? Chicagoan by Birth/Ignorant by Choice, is that you?
Squawk!!!

“It's always darkest 'fore dawn”

Since: Jul 08

When's dawn?

#870719 Mar 8, 2013
Nuculur option wrote:
You haven't figured out that Nobraina NEVER tells th etruth about anything??
C'mon, Leo, you know better than to pretend this troll is anything other than a serial liar.
<quoted text>
I was being sarcastic again...that Shinning Sock sure has some problems with that one.

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Jimmy

Newington, CT

#870720 Mar 8, 2013
Nuculur option wrote:
Is obesity hereditary.....Nope....bad eating habits definitely are, it is the eating habits you have been accustomed to that leads to obesity.
Stop using excuses, don't believe that this is how you were built and there is nothing you can do about it, there is always a solution, small steps, small changes to your lifestyle will go a long way.
BWAHAHAHAHAHAHA
Talking to yourself again, nutjob?

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Since: Sep 10

Location hidden

#870721 Mar 8, 2013
Stock market still hitting new records.

Nitwits like Flake and Nobraina not talking about it.

About time, they've spent enough time making fools of themselves!!

Obama sure has made monkeys out of the nitwits who tried to kill the economy to get back at him!!

Which nitwits?? Start with Bonehead and no-chin McConnell.

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John Galt

Temecula, CA

#870722 Mar 8, 2013
The Slayer wrote:
<quoted text>
Yes sequester is a good thing...but I want to see some
real cuts in spending.
Some very large and painful real (not just base line) cuts in spending.
Got to take what you can get.

But Galt agrees with you.

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Jane Says

New York, NY

#870723 Mar 8, 2013
THE POPE wrote:
THE UNITED STATES IS THE ONLY INDUSTRIALIZED COUNTRY IN THE WORLD THAT DOES NOT PROVIDE SOME FORM OF UNIVERSAL HEALTH CARE FOR ITS CITIZENS. AMERICAN EXCEPTIONALISM PRESUMABLY.
you're absolutely right. let's stop paying to protect the entire free world militarily. then we can pretend we're enlightened and mature like say, Belgium and provide cradle to grave everything for our citizens. of course, we'll all be speaking mandarin or russian and be completely enslaved by the despots that run the UN.
The Slayer

Findlay, OH

#870724 Mar 8, 2013
leosnana wrote:
<quoted text>I was being sarcastic again...that Shinning Sock sure has some problems with that one.
SQUAAAAAAWK!!!!!
John Galt

Temecula, CA

#870725 Mar 8, 2013
Realtime wrote:
<quoted text>Heredity is a bit of an excuse__the math clearly shows that folks with lousy diets and lifestyles beget younguns of the same ilk and the cycle repeats.
Often TYPE II diabetes can be reversed or the bodies sugar/insulin levels can be stabilized but that requires regular and costly doctors visits along with lifestyle changes or at least trade offs/sacrifices which some folks are just not willing to make.
Fried food with a Lipitor chaser ain't going to work.
Federal government standards that declare a person "obese" based on strict age/height/gender/weight tables are ridiculous, taking no account of muscular structure and overall physical fitness.

Many people would need to starve themselves and in fact ruin their bodies to get down to what the bureaucrats consider to be "normal" weight.

Does anyone really believe that a 6-ft male who weighs 180 lb is overweight?

Standards are written by AIDS victims.
Jimmy

Newington, CT

#870727 Mar 8, 2013
The Slayer wrote:
<quoted text>
SQUAAAAAAWK!!!!!
LOL!!!

“My Life Is A Shell Game”

Since: May 07

Lapeer, MI

#870728 Mar 8, 2013
Cway wrote:
<quoted text>
Shiny, some advice.
When you're a clueless *bastard* who hasn't studied the subject, maybe you should shut your yap and try to rein in your arrogance just a little.
Kennedy inherited Vietnam from Eisenhower.
He engaged in a limited risk gamble, but eventually concluded the majority of Vietnamese did not welcome our presence.
At the time of Kennedy's death, less than two hundred servicemen had died in there. There were no regular Marine or Army combat batallions deployed. There was some combat, but nothing to what would later develop. Most of the approxiamtely 15,000 troops were support personnel.
If you read the transcipts of Joint Cheifs of Staff, Honolulu Conference of October 2, 1963, the language makes clear Kennedy wanted a pull-out of all U.S. personnel by the end of 1965.
Had he lived, there would have been no Gulf of Tonkin and no major war in Vietnam.
What launched the big war was the Gulf of Tonkin Incident. And I have already provided evidence that CIA black operations provoked it.
Now run along, little boy, and let the adults debate the issues.
PS
In 1954, when the U.S. sent its first CIA units into Vietnam, the current DCI, Allen Dulles, was a Republican.
You are a fool dressed in intelligensia clothes. Read "The Kennedy years, 1961–1963" here.

Wiki - Vietnam War: http://en.wikipedia.org/wiki/Viet_Nam_War

"American military advisors arrived in what was then French Indochina beginning in 1950. U.S. involvement escalated in the early 1960s, with troop levels tripling in 1961 and tripling again in 1962.[30] U.S. combat units were deployed beginning in 1965......

.....By 1963, there were 16,000 American military personnel in South Vietnam, up from Eisenhower's 900 advisors....

* May 1961 — Kennedy sends 400 United States Army Special Forces personnel to South Vietnam to train South Vietnamese soldiers following a visit to the country by Vice-President Johnson.

* June 1961 — Kennedy said, "Now we have a problem making our power credible and Vietnam looks like the place" to James Reston of The New York Times (immediately after meeting Khrushchev in Vienna).

* August 10, 1961 — Test run of US herbicidal warfare program in South Vietnam ("Operation Trail Dust")

* October 1961 — Following successful NLF attacks, Defense Secretary Robert S. McNamara recommends sending six divisions (200,000 men) to Vietnam.

* February 8, 1962 — The Military Assistance Command Vietnam (MACV) is created by President Kennedy

* August 1, 1962 — Kennedy signs the Foreign Assistance Act of 1962, which provides "…military assistance to countries which are on the rim of the Communist world and under direct attack."

* October 1962 — Operation Ranch Hand begins. US planes spray herbicides such as Agent Orange over South Vietnam until 1971.

* November 1963 — By this time, Kennedy had increased the number of military personnel from the 900 that were there when he became President to 16,000 just before his death.[5]

* November 22, 1963 — Kennedy is assassinated.

You are far more successful in fooling yourself than in fooling others. But that won't stop a fool like you from trying:>

Go ahead and tell us again how FDR had nothing to do with incarcerating Japanese-Amercan citizens during WWII:}

You are a walking, talking joke.

Since: Sep 10

Location hidden

#870729 Mar 8, 2013
I've got the drunkard Wasturd all riled up!!

He's fully deployed his puppets. Apparently he doesn't like to be exposed for the fraud he is!!

A good day's work!! I own the Waxturd clan, including the shoe shiners at Harvard Square!!
Jimmy wrote:
<quoted text>
Talking to yourself again, nutjob?

“fairtax.org”

Since: Dec 08

gauley bridge wv

#870730 Mar 8, 2013
Nuculur option wrote:
Stock market still hitting new records.
Nitwits like Flake and Nobraina not talking about it.
About time, they've spent enough time making fools of themselves!!
Obama sure has made monkeys out of the nitwits who tried to kill the economy to get back at him!!
Which nitwits?? Start with Bonehead and no-chin McConnell.
Is this guy really this stupid? Yes he is!
TheIndependentMa jority

London, KY

#870731 Mar 8, 2013
Realtime wrote:
<quoted text>Rand Paul is a Republican senator from Kentucky, what's up with Yoo's calling him a libertarian?
It were easier for dem to spell den ophthalmologist?

Since: May 11

Loysville, PA

#870732 Mar 8, 2013
carol wrote:
<quoted text>
Never said all Democrats voted against civil rights legislation.
Just the Southern bloc. Some Republicans voted against it as well.
But had it not been for a Republican congressman, Senators Everett Dirksen (R-IL), however, who worked tirelessly behind the scenes, it might not have passed.
In the House (for-against):
Southern Democrats: 7–87
Southern Republicans: 0–10
Northern Democrats: 145–9
Northern Republicans: 138–24
*Democrats - 152 out of 248 voted "for"
*Republicans - 138 out of 172 voted "for"
Based on percentages, Republicans passed the bill in the House with a difference of 96 Democrats against compared to 34 Republicans against.
In the Senate (for-against):
Southern Democrats: 1–20
Southern Republicans: 0–1
Northern Democrats: 45–1
Northern Republicans: 27–5
*Democrats - 46 out 67 voted "for"
*Republicans - 27 out of 33 voted "for"
Again, based on percentages, Republicans passed the bill in the Senate with a difference of 21 Democrats against compared to 6 Republicans against.
In other words, there were fewer republicans in congress than democrats but because more republicans voted for than against compared to democrats, the republican percentage passed the bill.
(Whew! Sure hope you appreciate all my effort in trying to help you understand this.)
I don't know why I waste my time trying to have a conversation with you.

1) A majority of Democrats voted for it. So how did the Republicans get this passed??

2) If Democrats were a racist party, why did the Northern Democrats vote 145 - 9 to pass it?

3) looking at the House, You want percentages?.

Southern Democrats: 93.6% voted against it
Southern Republicans: 100% voted against it

Northern Democrats: 94% voted for it
Northern Republicans: 85% voted for it.

So using your logic, the Republicans must have been the racists.

However, proving what I said originally.

93%of the House & Senate from the Southern states voted against it
90% of those outside the South voted for it.

It was regional, not political. Got it?

John Galt

Temecula, CA

#870733 Mar 8, 2013
leosnana wrote:
<quoted text>"On paper, the U.S. has one of the highest corporate tax rates in the world. But in practice, corporations pay far less. The Government Accountability Office (PDF) estimated the average tax burden at 25.2 percent, and some of the largest corporations, such as General Electric and Wells Fargo, pay no taxes at all. This is possible because the tax code is riddled with exceptions and loopholes, created at the behest of lobbyists and exploited by teams of tax experts, many of whom used to work for the IRS and the Treasury. With the help of Citizens for Tax Justice, The Daily Beast rounded up some of the most egregious corporate tax loopholes.
Deferral of Overseas Income
Multinational companies don’t have to pay U.S. income taxes on overseas profits until they transfer them back home. But in reality, companies just leave their profits in overseas tax havens, deferring taxes indefinitely. Not only that, an accounting scheme known as “transfer pricing” allows companies to move profits from the U.S. to offshore havens so they’re counted as overseas earnings. For example a pharmaceutical company could sell a drug patent to a subsidiary in the Cayman Islands for a nominal fee, then have the subsidiary charge the parent company huge licensing fees. The company can then deduct the licensing fees from its taxable income in the U.S. and send the profits to its foreign subsidiary, where taxes can be indefinitely deferred. Some 83 percent of top 100 publicly traded companies had tax-haven units in 2009, according to the GAO. General Electric, Google, Pfizer, and many other companies use this technique. The federal government loses an estimated (PDF)$100 billion a year through offshore tax abuses.
Deductions for Shipping Jobs Overseas
At first glance it doesn’t seem particularly egregious that corporations can deduct moving expenses, but that changes when the break is applied to companies moving operations overseas. President Obama proposed ending this exemption for companies moving overseas while giving a credit to companies moving back to the U.S."
There's more but I know you never honestly read a link or anything else you don't like...BTW, maybe you'd better not wait until you have an "ailment" to avoid the appearance of health care, or not.
Companies such as General Electric and Government Motors (both Obama cronies) pay no taxes because of huge tax loss carryovers.

Many would agree with closing these loopholes in exchange for lower rates, leveling the playing field.

Accepting your figures,$100 billion is chickenfeed compared to the Obama deficits and giveaways like Rainstorm Sandy.

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Since: Sep 10

Location hidden

#870734 Mar 8, 2013
John Galt wrote:
<quoted text>
Federal government standards that declare a person "obese" based on strict age/height/gender/weight tables are ridiculous, taking no account of muscular structure and overall physical fitness.
Many people would need to starve themselves and in fact ruin their bodies to get down to what the bureaucrats consider to be "normal" weight.
Does anyone really believe that a 6-ft male who weighs 180 lb is overweight?
Standards are written by AIDS victims.
You're stupid enough to think that height is the only determinant involved in figuring out ideal weight??

You seem intent on proving your ignorance.

Ever hear of search engines?? You need them.

Could prevent you from looking like such a moron!!

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The Slayer

Findlay, OH

#870735 Mar 8, 2013
John Galt wrote:
<quoted text>
Got to take what you can get.
But Galt agrees with you.
Yep...gotta take what we can.
I hope they hold strong when its time to increase the debt limit.
Its so funny how Obama is trying to make it seem like
it is so bad to cut some spending....like
millions will lose there jobs...please what BS.
their very notion that more jobs will happen if we just increase
spending on HEADSTART is so silly.

I just cant get over the fact that so many buy into that nonsense.
dem

Chicago, IL

#870736 Mar 8, 2013
Selecia Jones- JAX FL wrote:
Rand Paul is empty headed. Atty General Holder...TOLD HIM HELL NO!!!!
Selecia Jones is dick headed. dumbfk hillbilly.

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