GE 0% tax on multi billion profit


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Profile Gary CharpentierProject donor
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Message 1098791 - Posted: 18 Apr 2011, 20:11:35 UTC - in response to Message 1098786.

sheesh split a few more hairs please

No split hairs. That is why there are two words, "pay" and "file."

[rhetorical]How can you possibly attempt to debate that which you don't have a clue about? Besides GE doesn't pay quarterly, they are a "next banking day" payer.
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Message 1098807 - Posted: 18 Apr 2011, 21:13:04 UTC - in response to Message 1098791.

and I will tell you they pay. I knew people that were required to file quarterly and I guarantee you they cut a check every time. Its called paying your taxes and prevents huge lump sum payments at the end of the year.

http://www.irs.gov/businesses/small/article/0,,id=115045,00.html#obligations
http://www.ehow.com/info_8165524_fine-filing-quarterly-estimated-taxes.html

the first Q&A will pretty much put the nail in the coffin. Big business does the same thing otherwise its spends the last 3 months of a cycle trying to get all its books in order. Sure they have accoutants but they have to look at everything in the business. All assets etc. its not easy to do when you have a $billion operation and multiple offices and locations.

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Message 1098837 - Posted: 18 Apr 2011, 23:16:43 UTC - in response to Message 1098807.

You are still nattering about pay. Talk about file. Corporations do not file form 1120-W, akin to a 1040-ES. It is a worksheet, hence the W. It never goes to the IRS. Ergo no filing. Unlike you or I, they can't cut a check and send in a payment voucher, which you might confuse with filing a tax return.

They file form 1120, once a year.

Until that form 1120 is filed no one knows if they will end up paying income tax for the year. That is because it is on form 1120 where the "THIS IS YOUR TAX" line appears. Until it is filed ...

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Message 1098935 - Posted: 19 Apr 2011, 14:26:38 UTC - in response to Message 1098837.

If you would have read the articles you'd notice that they file and pay estimated tax. Denying this is like saying the sun cold. Its not and It's important that you learn that being wrong occasionally isn't bad. I'm not calling you bad. I am saying that you are misinformed. Now that you know that its just as important to move on. I don't gloat about this its just a fact.
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Message 1098958 - Posted: 19 Apr 2011, 15:39:22 UTC - in response to Message 1098935.

If you would have read the articles you'd notice that they file and pay estimated tax. Denying this is like saying the sun cold. Its not and It's important that you learn that being wrong occasionally isn't bad. I'm not calling you bad. I am saying that you are misinformed. Now that you know that its just as important to move on. I don't gloat about this its just a fact.

I realize that you are confused on this issue. I'm not surprised at all.

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Message 1099006 - Posted: 20 Apr 2011, 0:26:49 UTC - in response to Message 1098958.
Last modified: 20 Apr 2011, 0:27:07 UTC

congratulations on your recent case of denial. I hope you get well soon. Until then I think I'm done with you and this thread
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Message 1100152 - Posted: 24 Apr 2011, 1:43:24 UTC - in response to Message 1095910.
Last modified: 24 Apr 2011, 1:44:55 UTC

Successful corporations are paying no taxes. The executives are paying very little.

They never pay any taxes anyway. If you tax them a billion dollars, they add that billion directly to the cost of their product. Tax paid by corporation: zero. Tax paid by their consumers: one billion.

That hurts those that can afford it the least, the most.

As far as the executives, well, that's just the tax law; blame the gov't. And actually, they pay an enormous amount of taxes--just not a very high percentage.

"Why, 'cuz you sez so?

" Try a new line. That one does not fit. Experience, I have seen it happen.
Corporation gets a bigger break, corporation loads up the employees harder, moves more offshore. Lose/lose proposition.

Meh. That's silly.

Ever wonder why you don't buy your oranges from the orange tree growers in Chicago?
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Message 1100155 - Posted: 24 Apr 2011, 2:01:23 UTC - in response to Message 1100152.


" Try a new line. That one does not fit. Experience, I have seen it happen.
Corporation gets a bigger break, corporation loads up the employees harder, moves more offshore. Lose/lose proposition.

Meh. That's silly.

Ever wonder why you don't buy your oranges from the orange tree growers in Chicago?


Besides the fact the orange trees suffer too much frost damage to grow commercially in chicago?

And I see no connection to what corporations have done when they have had opportunities. I was not laughing when they were doing it. Still not funny.
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Message 1101051 - Posted: 27 Apr 2011, 16:26:18 UTC - in response to Message 1100155.


" Try a new line. That one does not fit. Experience, I have seen it happen.
Corporation gets a bigger break, corporation loads up the employees harder, moves more offshore. Lose/lose proposition.

Meh. That's silly.

Ever wonder why you don't buy your oranges from the orange tree growers in Chicago?

Besides the fact the orange trees suffer too much frost damage to grow commercially in chicago?

Right. Exactly. The point is that there are REASONS people do these things. The people in Chicago don't crab because the cheese companies have exported/outsourced all the cheese jobs to Wisconsin because making cheese in Chicago would use ungodly amounts of resources and would therefore be very expensive.

Similarly, you could grow orange trees at the corner of Michigan and Superior, but the land would be outrageous, the greenhouse would be ungodly expensive, the property tax would blow your mind--all for some oranges that cost $80 each.

The point is that arbitrary lines on a map have no bearing. Florida and California produce oranges because they have huge amounts of cheap land and weather. Chicago and London do not produce them because they would be too expensive because they would use too many resources.

As long as you can trade, it doesn't matter where things are produced. What you want is better products made in the most efficient way possible--worrying about arbitrary lines on a map doesn't make any sense.
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Message 1101080 - Posted: 27 Apr 2011, 18:34:52 UTC - in response to Message 1101051.

when the jobs are moved to india, it makes a difference where the jobs are. The corporations love games of move centers around (even within the USA) to shake longer term employees and therefore benefits loose. With many dual income families struggling, people get hurt so corporations can save pennies.
Giving additional tax breaks further aggravates the situation.

Tax it where they sell it.
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Message 1101086 - Posted: 27 Apr 2011, 18:59:29 UTC - in response to Message 1101080.

when the jobs are moved to india, it makes a difference where the jobs are.

So you ARE mad that the cheese corporations outsourced all their jobs to Wisconsin? And you're angry that Toyota outsourced 250K jobs from Japan to the US? And you're angry that the eeeevil fruit companies moved all their jobs to Florida?

The corporations love games of move centers around (even within the USA) to shake longer term employees and therefore benefits loose. With many dual income families struggling, people get hurt so corporations can save pennies.

Duh. Of course they do. Why do the auto manufacturers use robots than can cost millions? Because they don't whine. They work 24 hours a day. They don't take vacations. They don't need benefits. They don't form unions. And on and on and on and on. Even with a cost of MILLIONS and MILLIONS they are substantially cheaper than humans.

They don't save pennies, they save enormous amounts of money because the machines are that much cheaper than people.

Giving additional tax breaks further aggravates the situation.

Again, it doesn't matter, the taxes are paid directly by the consumer.

Tax it where they sell it.

Sorry, those arbitrary lines on a map do mean something when it comes to taxes. Countries have no power to tax like that.
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Message 1101092 - Posted: 27 Apr 2011, 19:27:56 UTC - in response to Message 1101080.

heh no kidding talk about tax breaks. Arlington Texas is struggling to make ends meet. So General Motors comes along and demands a 90% tax abatement for an expansion to the plant. Now this is crap. This is the only plant that makes SUV's for GM and they think they can hold Arlington for ransom for an expansion and retooling. I'd tell GM to take a real hard look at my face as I say NO. I wouldn't even need a debate. Unfortunately, Arlington is ran by a bunch of right wing idiots that insist that more tax abatements are good. Heck the did it for Jerry Jones why not GM.
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Message 1101349 - Posted: 28 Apr 2011, 13:00:11 UTC

Duh. Of course they do. Why do the auto manufacturers use robots than can cost millions? Because they don't whine. They work 24 hours a day. They don't take vacations. They don't need benefits. They don't form unions. And on and on and on and on. Even with a cost of MILLIONS and MILLIONS they are substantially cheaper than humans.


Until there is a power cut. Humans can still use a hammer and a screwdriver, but they'd probably want time and a half for working in the dark.... And in any case machines still need humans to program them and re-progam them, and machine minders to look after them.

Behind the scenes deals are done every day between companies and the IRS. We'll register in Bermuda unless you give us a deal.



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Message 1101378 - Posted: 28 Apr 2011, 14:56:24 UTC - in response to Message 1101349.

don't forget the automated machines have about as many people working on them as would have been doing what the machines now do. Its called maintenance. No the machine can't work 24 because they'd breakdown and there'd be real problems on the line.
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Message 1101451 - Posted: 28 Apr 2011, 19:37:32 UTC - in response to Message 1101349.

Until there is a power cut. Humans can still use a hammer and a screwdriver, but they'd probably want time and a half for working in the dark.... And in any case machines still need humans to program them and re-progam them, and machine minders to look after them.

Of course. But the numbers are far less.

Behind the scenes deals are done every day between companies and the IRS. We'll register in Bermuda unless you give us a deal.

Gotta luv the gov't.

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Message 1101453 - Posted: 28 Apr 2011, 19:39:02 UTC - in response to Message 1101378.

don't forget the automated machines have about as many people working on them as would have been doing what the machines now do. Its called maintenance. No the machine can't work 24 because they'd breakdown and there'd be real problems on the line.

That's nuts. No company spends million and millions on robots to keep their human labor costs as well. They buy robots and use automated assembly lines because they are substantially cheaper than unionized workers.
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Message 1101534 - Posted: 29 Apr 2011, 0:57:10 UTC - in response to Message 1101453.
Last modified: 29 Apr 2011, 0:57:29 UTC

It's amazing how liberals have a hate-on for evil big oil. If they only realized that "green jobs" come from subsidiaries and spinoffs of big oil and are funded through the very tax credits they whine about!

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Message 1101547 - Posted: 29 Apr 2011, 1:25:33 UTC - in response to Message 1101378.
Last modified: 29 Apr 2011, 1:29:46 UTC

don't forget the automated machines have about as many people working on them as would have been doing what the machines now do. Its called maintenance. No the machine can't work 24 because they'd breakdown and there'd be real problems on the line.


That statement is patently false and untrue. I don't know where you get it from, but it's false, false, false. In fact, it wouldn't make economic sense if it were true.

I wish I could get you to the BMW factory in Dingolfing, Germany.

http://www.youtube.com/watch?v=1-J_EzKm_70

The robotics there cannot be substituted on a one for one basis or even close. You may not like the economics of it, but the machines can work 24 hours. They work until the MTBF is reached, they're fixed, and then they go on, far surpassing people in accuracy and output.

This is why Ford, Brazil is pulling far ahead of us in production:

http://www.youtube.com/watch?v=J1OkZ3xowKQ

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Message 1101697 - Posted: 29 Apr 2011, 14:08:53 UTC - in response to Message 1101675.
Last modified: 29 Apr 2011, 14:27:15 UTC

No, I know EXACTLY what I'm taliking about. And this statement:

"automated machines have about as many people working on them as would have been doing what the machines now do."

Is BS. PERIOD.

I didn't say regular maintenance wasn't vital. Where did you get that from?

Read what I write, not what you want to read.

http://www.nationmaster.com/graph/ind_car_pro-industry-car-production

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