IRS


31
Aug 11

Leftie Hypocrisy Award Goes To Warren Buffett

Buffett’s Billion-Dollar Tax Hypocrisy | NetRight Daily.

Warren Buffet recently made the news by suggesting that the rich should pay more taxes, and that he wouldn’t mind paying more.

The problem is that his company is currently attempting to avoid paying taxes to the IRS, and there may be up to a billion dollars  of outstanding taxes owed  by his company to the IRS, or in dispute.

Berkshire Hathaway struggled for 14 years with the IRS over the dividends received deduction, which was finally settled in the company’s favor in 2005.

For at least 20 years, and probably much longer,  Buffett has been struggling to minimize his company’s taxes.

Why is Buffett not able to practice what he preaches?

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

26
Jul 11

Jeffrey Immelt Lectures Business Owners to Do Their Share of Hiring

…as he sends his  own  GE Imaging Division headquarters to China.

GE moving X-ray business to China – The Boston Globe.

There will be no jobs lost, the flagrant  hypocrite says.

What’s the reason to send headquarters to China?   To set up future industry there, because it’s too expensive in the U.S. under Immelt’s best friend Obama!!!

GE stockholders in the US  need to have a  talk with their  CEO.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

26
Mar 11

Government Electric Strategies Let It Avoid Taxes Altogether – NYTimes.com

G.E.’s Strategies Let It Avoid Taxes Altogether – NYTimes.com.

Jeffrey Immelt has a special position as Obama’s Liaison to the Business Community, and as Chairman of the President’s Council on Jobs and Competitiveness.

Immelt’s Company, General Electric is numero uno among U.S. corporations in Tax Avoidance.  Their net payout on (5 billion in profit) to the IRS is Zero.

The company has managed to balance it’s financial statements of profit from the U.S. and abroad so as to be paying zero U.S. taxes.

These kinds of strategies are out of reach for normal U.S. taxpayers, and of course we are not serving on Obama’s special committees.  So we do not have most favored Tax Status. Ronald Reagan had noticed such outsized advantages for large corporations and eliminated many loopholes, while drastically lowering the tax rates for everyone.  In succeeding decades  the large entities regained much of their preferential tax advantages.

In the last 8 years, GE has reduced US employment by 20 percent and has increased overseas employment.  Cumulative overseas profits have increased from $15 billion to $92 billion in that period.   Declaring profits in countries with much lower taxes than the U.S. is highly beneficial to the bottom line

Wouldn’t you like to be multinational too?

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

17
Oct 10

Why The Catholic Bishops Don’t Get Donations From Pharmer

Pharmer continues the boycott of the US Catholic Bishops fundraisers, and here’s just one more reason.

This appeared in Pharmer’s Church bulletin during October, Pro-life month:

“The Indiana Bishops have asked that parishes and affiliated/associated organizations NOT distribute or allow distribution of Indiana Right To Life’s or county affiliate organization’s election materials.
The Indiana Right to Life has adopted a clearly partisan policy that effectively endorses ONLY Republican candidates for elected offices.
When the Indiana Right to Life Policy and materials are again non-partisan, with a focus on education and advocacy, parishes may be able to cooperate with the local and state organization during the election campaign once more.”

The use of the word “republican” in this announcement violates it’s own supposed non-partisan message. Thus it is internally inconsistent with the supposed spirit the Indiana Bishops are pretending to convey.

The reality is that the bulk of U.S. Bishops (outside of a persistently pro life minority) are paying lip service to pro-life ideals only due to the prodding of the pro-life Pope Benedict.

The Wallbuilders have established three years running that the churches need not fear the IRS removal of tax exempt status. Those preachers doing political advocacy from the pulpits, and sending the tapes to the IRS have yet to be taken to task. The IRS knows that it will lose this case in court, so it keeps silent, allowing the IRS intimidation of most pastors to proceed.

The Catholic Church in the United States ought not to specifically ally itself with any party, but it really needs to get out of bed with the pro-abortion, pro-infanticide, pro-euthanasia, pro-gay marriage, Pro-WAR, pro-slavery, anti-civil rights, Democrat party of the KKK. Those of us who know the history of the U.S. Wars and the above mentioned misbehaviors know which party has initiated and/or supported them in our government.

Any politically conscious person knows that the Republican party is not without stain, and this is why there is a TEA-party for one example. Pharmer has been boycotting the RNC appeals for many years, and assisting individual candidates in other ways.

Pro-life politicians need to find another party, because the Democrat party at the national level has been impervious to transformation on these issues, and defunds its pro-life candidates at the national level. Democrats have moved further left with their chosen president’s inclusion of actual infanticide as an extension of abortion.

Notes:

The Indiana Right to Life Voter Guide has no endorsements included on the document. It has survey questions for federal and state candidates, followed by lists of the candidates (without party affiliation) and their replies to the questions.

Indiana Right to Life has issued a statement that it will back no Democrats this year, due in part  to the cooperation of Indiana Democrats with the pro abortion Obamacare.  The Democrat state officials have not allowed pro-life legislation to proceed in the Indiana legislature as well.  The Indiana Bishops are reminded of Independents, Teapartiers, and Libertarians which are active within the state, and which are not excluded from consideration.  It is revealed that the “only republicans” statement appearing in the church bulletin really means “no democrats”.

The 2010 List of Indiana Right to Life PAC endorsements- click HERE

The Democrat Party Platform of 2008 on Abortion:
“The Democratic Party strongly and unequivocally supports Roe v Wade and a woman’s right to choose a safe and legal abortion, regardless of ability to pay, and we oppose any and all efforts to weaken or undermine that right.”

“The Democratic Party also strongly supports access to comprehensive affordable family planning services and age-appropriate sex education which empower people to make informed choices and live healthy lives. We also recognize that such health care and education help reduce the number of unintended pregnancies and thereby also reduce the need for abortions.”

“The Democratic Party also strongly supports a woman’s decision to have a child by ensuring access to and availability of programs for pre and post natal health care, parenting skills, income support, and caring adoption programs.”

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

31
Aug 10

Preachers Dare the IRS to Come After Them

Segment from the Glen Beck Show explains the old IRS regulation from the Johnson era which impeded political speech in the churches in exchange for maintaining non profit status. This regulation has no teeth, and hundreds of clergymen are set to prove it again this year. Sept. 26 will mark the third annual PULPIT FREEDOM SUNDAY, says David Barton of Wallbuilders.

It would be pleasing to see the U.S. Catholic Bishops challenge this regulation also.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

17
Apr 10

GE: Owes the IRS NOTHING!!

GE: 7,000 tax returns, $0 U.S. tax bill – Apr. 16, 2010.

Sign of the economic times??  This reporter, Annalyn Censky , swears that GE really made negative dollars in the US in 2009, though the company overall is doing fine.

Pharmer thinks it’s easier for a company which curries the favor of Obama to get the IRS off of its back.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

15
Mar 10

This is the Government Which Wants to Take Over Health Care

Bob Shallit: IRS visits Sacramento carwash in pursuit of 4 cents – Sacramento Business, Housing Market News | Sacramento Bee.

Yes,  the IRS sent two agents in a car, to a car wash in Sacramento, CA, to deliver a letter demanding payment of taxes owed,   IN THE AMOUNT OF 4 CENTS!.

This kind of judgment will be applicable in managing your health care.

Oh, and remember, this blog has previously reported that the IRS has purchased shotguns for their agents.

Enjoy the results.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

21
Feb 10

IRS Suicide Bombing, Further Information

A repeating theme from interviews of people who knew Joseph Stack is surprise that he could have flown his plane into the Austin, TX IRS building.

IRS worker killed in crash was family man – Washington Times.

The above article  ( Washington Times checks details pretty well) provides info about the other person  killed in the crash,  68 year old Vernon Hunter.  Hunter’s  son felt a need to speak publicly about him, in response to comments labeling the suicide pilot as an anti-IRS hero.

There is also an expression from Stack’s daughter from his first marriage, that the suicide note seems to be written by another person; that it is  unlike her father.  there is further information contradicting the previous  suggestion that Stack’s second wife and daughter had to be rescued from the burning home.  They had, instead,  been staying at a hotel, for reasons not given.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare

3
Feb 10

The IRS is buying SHOTGUNS

for it’s criminal investigations division.  Check out the paperwork at the link below.

Acquiring Shotguns – Federal Business Opportunities: Opportunities.

Perhaps this is for increasing their confidence to conduct investigations in rural areas.

AIMDeliciousFarkMister-WongTwitterWordPressBlogger PostDiggTumblrYahoo MailStumbleUponFacebookBeboCurrentTechnorati FavoritesPingPhoneFavsShare