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A Choice For Corporate America
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Box A Rox
February 13, 2013, 10:45am Report to Moderator

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Are You With America, Or The Cayman Islands?

The Corporate Tax Fairness Act



The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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55tbird
February 13, 2013, 10:49am Report to Moderator
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Quoted from Box A Rox
Are You With America, Or The Cayman Islands?

The Corporate Tax Fairness Act



Do Senators Dianne Feinstein (D., Calif.), Richard Blumenthal (D., Conn.), Frank Lautenberg (D., N.J.), and John Kerry (D., Mass.) have to choose also???

http://www.nationalreview.com/articles/314851/reid-s-glass-house-betsy-woodruff


"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
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CICERO
February 13, 2013, 11:34am Report to Moderator

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Wealthy democrats use their money in offshore accounts for good.  They have a noble "goal", they aren't greedy.  


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joebxr
February 13, 2013, 11:40am Report to Moderator

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Quoted from CICERO
Wealthy democrats use their money in offshore accounts for good.  They have a noble "goal", they aren't greedy.  


So if it's a REP vs DEM thing, what was the noble goal of Mitt's offshore accounts?

Just an FYI...
offshore accounts don't care what your party affiliation is
or if you even are part of one....
they also don't care what your nationality, color or anything else is...
and they don't even care if the account contains legal tender or not!

THEY WILL EVEN ACCEPT YOUR MONEY!!!!


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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bumblethru
February 13, 2013, 12:05pm Report to Moderator
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i don't know what the difference is.....my stock broker told us that our money that they invest for us is placed in many overseas stocks...corporations/banks etc.
and since the globalists are moving toward a 'one world banking system'...........what the hell's the difference?
Or are they now picking the winners/losers.....who can have fiancial gain and who can't now?


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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CICERO
February 13, 2013, 12:39pm Report to Moderator

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They don't care about the legal status of the business that made the money either.

The funny thing is that even socialist Bernie Sanders doesn't suggest dissolving the legal status of incorporating and the protection it provides.  The anti-corporation politicians don't care about the how the legal protection of incorporating insulates the company officers and shareholders(owners) from personal liability for many of the damages caused to the employee or customer.  The government doesn't care about that, they just want a larger cut of the profits and the continued flow of campaign contributions.  That is fascism works.  The partnership of state and business.  

Get rid of corporate status instead of just chasing them around for more of their money.


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joebxr
February 13, 2013, 12:39pm Report to Moderator

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I beleive the difference is investing in corporations vs. transferring your money to a bank as a tax shelter.
Your investments, even in overseas ventures, is still taxable, correct?
Your funds in offshore banks is "hidden" from taxes.


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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CICERO
February 13, 2013, 12:53pm Report to Moderator

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Quoted from joebxr
I beleive the difference is investing in corporations vs. transferring your money to a bank as a tax shelter.


If you are a shareholder (owner) in a corporation that transfers money offshore, are you not responsible for that? Under corporate law, NO.  

If you are a shareholder and you want your retirement portfolio to devalue in return for government welfare, then the Sanders plan if for you

They’re coming after your money baby boomer retiree’s.  They will get it.  And the funny part is, many will support plans like Bernie Sanders plan to make it easier for the government to come and  take it.


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joebxr
February 13, 2013, 1:19pm Report to Moderator

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Quoted from CICERO


If you are a shareholder (owner) in a corporation that transfers money offshore, are you not responsible for that? Under corporate law, NO.  


I believe the tax code in this situatino is different becuase of money (profits) going to offshore Coproration.
My Company has locations in several countries, and the taxable amount in eaadch country is different for money coming back to the US
becuase we are a US Corporation.  Similar situation in reverse.

The bottom line is stil trasferring funds to offshore bank accounts that are setup and established strictly as tax shelters to avoid
paying the taxes...we everyday worker bees might like to do that, but our funds are used for essentials.  The UPPPER earners
can afford this and that is why they get richer.  B I G  L O O P H O L E !!!  I read recently where US Courts won a case compelling
bank in one area to divulge the account information of US residents.


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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Libertarian4life
February 13, 2013, 1:27pm Report to Moderator

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Quoted from joebxr
I beleive the difference is investing in corporations vs. transferring your money to a bank as a tax shelter.
Your investments, even in overseas ventures, is still taxable, correct?
Your funds in offshore banks is "hidden" from taxes.


Correct, however the traditional Swiss(or others) type bank account used for tax avoidance charges
you to keep  your deposits there.

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joebxr
February 13, 2013, 1:48pm Report to Moderator

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Quoted from Libertarian4life


Correct, however the traditional Swiss(or others) type bank account used for tax avoidance charges
you to keep  your deposits there.



If they charge anything it is far out weighed by the finanacial gains of the account holder in tax avoidance and dividends.


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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CICERO
February 13, 2013, 2:03pm Report to Moderator

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Quoted from joebxr


The bottom line is stil trasferring funds to offshore bank accounts that are setup and established strictly as tax shelters to avoid paying the taxes...we everyday worker bees might like to do that, but our funds are used for essentials. The UPPPER earners can afford this and that is why they get richer.  B I G  L O O P H O L E !!!  I read recently where US Courts won a case compelling bank in one area to divulge the account information of US residents.



I believe what Bernie Sanders is talking about is corporations moving their profits to an off shore tax shelter.  Corporations are made up of the shareholder.  I assume that this move to tax shelters increases the value of the shares the shareholder owns.  So by demanding more corporate profits be taxed, I assume that would reflect in the value of the shares.  The more money the government takes of the profits, the less profit to be distributed to the shareholders.  

If a person is a retiree and plans on living off of their stock investments, it would seem counter intuitive to want this plan.  Unless they feel more secure with the government taking their profits in return for government services.


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senders
February 13, 2013, 3:25pm Report to Moderator
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Quoted from bumblethru
i don't know what the difference is.....my stock broker told us that our money that they invest for us is placed in many overseas stocks...corporations/banks etc.
and since the globalists are moving toward a 'one world banking system'...........what the hell's the difference?
Or are they now picking the winners/losers.....who can have fiancial gain and who can't now?


it's a strawman argument....... divided they will be conquered

our little conversation here keeps the eyes off the true goals of the top of the pyramid


...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......

The replacement of morality and conscience with law produces a deadly paradox.


STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS

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