Feel The Bern

[SassySue]

I was looking at Bernie Sanders website and he actually has some very good ideas about the economy. He wants to help smaller American businesses, and have the larger multi-nationals pay their fair share of taxes.

End Offshore Tax Havens

While many conservative politicians complain that corporate tax rates are too high, large businesses rarely pay the full 35 percent rate. Many conglomerates stash their profits overseas to evade taxes by establishing subsidiaries incorporated in foreign countries with laxer corporate tax policies. These companies exploit America’s infrastructure and government resources while avoiding their tax liability to maximize profits. The U.S. created the climate that allowed these corporations to prosper — and should be repaid for its role in their success.

Bernie has said:

“Instead of sheltering profits in the Cayman Islands and other offshore tax havens, the largest corporations in this country must pay their fair share of taxes so that our country has the revenue we need to rebuild America and reduce the deficit. At a time when corporations are making record-breaking profits, while the middle class is disappearing and senior poverty is on the rise, the last thing we should be doing is giving huge tax breaks to profitable corporations that don’t need it.”

I’m no economist. How do companies avoid paying taxes?
The short version is that companies claim that their profits are generated not by their U.S. headquarters or facilities but instead by a subsidiary in a locale with low corporate tax rates. (Bermuda and the Cayman Islands aren’t just vacation spots.) This often takes the form of a “corporate inversion,” which has become a common method of tax evasion. These are just a few examples of large American companies that have moved their nominal headquarters for this purpose:

Florida-based Burger King acquired and merged with Tim Horton’s, under the umbrella company Restaurant Brands International. Now based in Canada, it could avoid $117 million in U.S. taxes by never having to pay corporate income tax on foreign profits it holds offshore.
Ingersoll Rand reincorporated in Bermuda in 2002 and then relocated again to Ireland in 2009, all while keeping the bulk of its management and workforce in North Carolina.

Minnesota-based Medtronic, one of the world’s largest medical technology companies, acquired Ireland-based Covidien in 2014.
Another particularly egregious example of this strategy is known as a “double Irish” or a “Dutch Sandwich,” which cheats not only America out of tax revenue but also Ireland. This is done by shuffling profits and product origins between Ireland, the Netherlands, and the Cayman Islands or Bermuda. The Irish government has attempted to crack down on the scheme, but whether they will be successful remains to be seen.

I love companies like Amazon and Google. Why should I care?
For one thing, it costs you, as an American taxpayer! There’s an estimated $2.1 trillion in profits held in tax havens, which studies estimate amounted to $90 billion of lost tax revenue in 2014. In 2008 a U.S. Senate investigation put the figure at $100 billion. That’s roughly what our federal government spends on transportation each year. To put that in perspective, the Congressional Budget Office estimates that the cost of repairing all of the nation’s 604,493 bridges would be $76 billion.

This is also tremendously unfair, especially to American small businesses. These multinational corporations have built themselves up on the infrastructure and education system provided by the U.S. government and paid for by American citizens, but are now stashing their profits overseas to avoid repaying what they owe. Several of these corporations have taken advantage of not only our infrastructure, but also our bailout funds and tax breaks — all while keeping their profits overseas.

Taxing Capital Gains (Gasp!)

How much revenue can raising taxes on dividends and capital gains yield?
Bernie estimates that it will raise more than $500 billion over ten years. According to Citizens for Tax Justice, Bernie is being conservative in his estimate. They calculate that taxing capital gains at normal income tax rates would raise at least $613 billion over ten years. On top of that, they calculate that taxing corporate dividends as normal income would raise an additional $231 billion over ten years.

Check out his website! He has some very good ideas.

http://feelthebern.org

[TheDaliLama]

You're berned out Sassy.

[Jackie S]

"Bernie Who"??

[JD Barleycorn]

Is SS suggesting that she has something going on down there?

[lustylad]

Some facts you should know about Bernie Sanders:

1. He was kicked out of a Vermont hippie commune in the '70s for being a slacker.... Bernie the socialist couldn't even last a week in a real-life socialist situation.

2. He fathered a child out of wedlock.

3. He wrote articles on uplifting topics such as masturbation and rape for left-wing rags at $50 a pop.

4. When his electricity was repeatedly shut off for not paying his bills, he ran a line from his basement to bypass the meter and steal it.

5, He never earned a steady paycheck until he was 40, and then it was from the government.

6. He honeymooned in the Soviet Union.

7. His most recent tax return shows he paid only a 13.5% federal income tax rate - lower than what Mitt Romney's tax returns showed when he ran in 2012. (When Republicans pay a low rate it's a scandal. When Dems and socialists do it, it's a non-issue.)


As SassySue likes to say, CHECK IT OUT FOR YOURSELF:

http://www.investors.com/politics/ed...ts-your-money/

http://www.dailywire.com/news/5120/s...s-hank-berrien

http://www.nationalreview.com/articl...veal-hypocrisy

[Rey Lengua]

Originally Posted by lustylad

Some facts you should know about Bernie Sanders:

1. He was kicked out of a Vermont hippie commune in the '70s for being a slacker.... Bernie the socialist couldn't even last a week in a real-life socialist situation.

2. He fathered a child out of wedlock.

3. He wrote articles on uplifting topics such as masturbation and rape for left-wing rags at $50 a pop.

4. When his electricity was repeatedly shut off for not paying his bills, he ran a line from his basement to bypass the meter and steal it.

5, He never earned a steady paycheck until he was 40, and then it was from the government.

6. He honeymooned in the Soviet Union.

7. His most recent tax return shows he paid only a 13.5% federal income tax rate - lower than what Mitt Romney's tax returns showed when he ran in 2012. (When Republicans pay a low rate it's a scandal. When Dems and socialists do it, it's a non-issue.)


As SassySue likes to say, CHECK IT OUT FOR YOURSELF:

http://www.investors.com/politics/ed...ts-your-money/

http://www.dailywire.com/news/5120/s...s-hank-berrien

http://www.nationalreview.com/articl...veal-hypocrisy

Mebbe since he's an " authority " on masturbation, he'll get shriLAIRy's pick for Surgeon General, like Jocelyn Elders was is Slick Willy's administration. She had a lot to say about EKIM'S favorite pastime.

[TheDaliLama]

Sassy it's real simple...and no matter how you would line to spin things...

The bottom line is:

You are NOT ENTITLED TO SOMEONE's else's money...

EVER!!!!!

[Guest123018-4]

She will keep trying as long as we keep oosting on here spam.

She is eat up with it and you cannot fix it.

Like so many on the left, it isnt yours, it belongs to the government, you just get to use some of it while you are alive and give it all back when you die. You get no say so in what hap;pens to what you have eaned and paid taxes upon, the government gets to decide because they know best.

The left has been fgixing our government for years and keep telling us it is still broken. I think it is time for some new mechanics and restoring the government to it's Constitutional roots.

I can motivate my children by telling them I have something that is free for them just like Bernie except with Bernie, it really isn't free, they are paying for it. I suppose not much different than a deduction from what is left when I am gone. I guess they do not realize that if they keep; supporting their "everything should be free" candidates that when I am gone my estate will not go to them but to the government. So I have to make a decision; spend it all so the government does not steal it or, teach them that there is no free lunch. I think I will do both.

[SassySue]

Originally Posted by lustylad

Some facts you should know about Bernie Sanders:

1. He was kicked out of a Vermont hippie commune in the '70s for being a slacker.... Bernie the socialist couldn't even last a week in a real-life socialist situation.

2. He fathered a child out of wedlock.

3. He wrote articles on uplifting topics such as masturbation and rape for left-wing rags at $50 a pop.

4. When his electricity was repeatedly shut off for not paying his bills, he ran a line from his basement to bypass the meter and steal it.

5, He never earned a steady paycheck until he was 40, and then it was from the government.

6. He honeymooned in the Soviet Union.

7. His most recent tax return shows he paid only a 13.5% federal income tax rate - lower than what Mitt Romney's tax returns showed when he ran in 2012. (When Republicans pay a low rate it's a scandal. When Dems and socialists do it, it's a non-issue.)


As SassySue likes to say, CHECK IT OUT FOR YOURSELF:

http://www.investors.com/politics/ed...ts-your-money/

http://www.dailywire.com/news/5120/s...s-hank-berrien

http://www.nationalreview.com/articl...veal-hypocrisy

I clicked on those links and couldn't find one article about Bernie Sanders. I am sure you can probably dig up some dirt on him if you try hard enough. I was more interested in the issues he is advocating for.

By the way, there were several false and misleading claims made by several speakers at the GOP convention, which I will point out in another separate thread for your perusal.

The misleading and false claims about Hillary Clinton are listed under the thread entitled "Republican Convention, Day 2" in my response. You will find all sources from FactCheck.org.

[lustylad]

Originally Posted by SassySue

I clicked on those links and couldn't find one article about Bernie Sanders....

Ooops, my bad!

See there SassyOne, that's how you admit you made a boo-boo. You should try it sometime. And thanks for alerting me.

Here are the three CORRECT LINKS for you to read and "feel the Bern".

Enjoy!


http://www.investors.com/politics/ed...ts-your-money/


http://www.dailywire.com/news/5120/s...s-hank-berrien


http://www.nationalreview.com/articl...veal-hypocrisy

[R.M.]

3. He wrote articles on uplifting topics such as masturbation and rape for left-wing rags at $50 a pop.

What a gem of a guy. My question is who do you expect to pay for free shit?

[SassySue]

Originally Posted by R.M.

3. He wrote articles on uplifting topics such as masturbation and rape for left-wing rags at $50 a pop.

What a gem of a guy. My question is who do you expect to pay for free shit?

What about the extra income (or free s***) wealthy people at the top and multi-national corporations receive via various tax loopholes? Is that any different. Their share is much larger. GE made enormous profits, as did many other multi-national corporations, yet through corporate inversions, paid little to no taxes on their profits. Capital gains and stock dividends held by the wealthiest Americans are never paid at normal tax rates, but lower tax rates (yet they are not wages). Therefore, they receive extra income as a result of the lower tax rates. Get my drift? Therefore, they receive "free s***". Same difference. Be sure not to call the kettle black.

[SassySue]

Originally Posted by TheDaliLama

Sassy it's real simple...and no matter how you would line to spin things...

The bottom line is:

You are NOT ENTITLED TO SOMEONE's else's money...

EVER!!!!!

No, I am not entitled to someone else's money, but I sure am mad about those corporations not paying taxes and you should be too!!! Can you imagine how much those tax revenues would help drive down the deficit, pay for infrastucture and other things this country needs? That's what I am talking about; it's not about handouts! It's about what they are doing. It shouldn't be legal!

[JD Barleycorn]

Originally Posted by SassySue

No, I am not entitled to someone else's money, but I sure am mad about those corporations not paying taxes and you should be too!!! Can you imagine how much those tax revenues would help drive down the deficit, pay for infrastucture and other things this country needs? That's what I am talking about; it's not about handouts! It's about what they are doing. It shouldn't be legal!

You have been told this already so don't play dumb (it is an act right?), corporations DO NOT pay taxes. Their customers pay the taxes through higher product costs.

Can you imagine how much faster the debt would go down with less spending and let us keep our money. Maybe you really are a whore and don't pay taxes....what are you, some kind of corporation?

[R.M.]

Originally Posted by SassySue

What about the extra income (or free s***) wealthy people at the top and multi-national corporations receive via various tax loopholes? Is that any different. Their share is much larger. GE made enormous profits, as did many other multi-national corporations, yet through corporate inversions, paid little to no taxes on their profits. Capital gains and stock dividends held by the wealthiest Americans are never paid at normal tax rates, but lower tax rates (yet they are not wages). Therefore, they receive extra income as a result of the lower tax rates. Get my drift? Therefore, they receive "free s***". Same difference. Be sure not to call the kettle black.

Like this?

7. His most recent tax return shows he paid only a 13.5% federal income tax rate - lower than what Mitt Romney's tax returns showed when he ran in 2012. (When Republicans pay a low rate it's a scandal. When Dems and socialists do it, it's a non-issue.)